In the world of cryptocurrencies: Bitcoin stays above $84,000 as Treasury yields rise to 5.12%
Bitcoin has maintained its position above $84,000, even as U.S. 10-year Treasury yields reached 5.12% and the Federal Reserve kept its hawkish stance on conditions that have historically pressured risk assets.
Resilience is emerging as investors weigh tighter financial conditions against Bitcoin’s evolving role as a macroeconomic hedge. Elevated yields generally strengthen the dollar and reduce demand for non-yielding assets, but so far Bitcoin has absorbed the pressure without a significant drop.
Whether this retention pattern reflects genuine demand or a temporary pause before future macroeconomic turbulence remains an open question under current market conditions.
SEC staff: Token repurchases on functional networks do not create securities
New SEC staff guidance clarifies that announcing a token buyback program on a blockchain network that is already functional does not, by itself, turn that token into a security.
The guidance centers on a key distinction: if a network is truly operational, a buyback announcement is not considered a contractual promise that investors rely on to profit — the standard that typically triggers securities classification. One attorney described the position as a way to make securities laws appear “opt-in” for crypto projects, given how narrowly staff is drawing the line between a regulated security and an unregulated digital asset.
This development points to an ongoing shift in how the SEC, under its current leadership, is approaching cryptocurrency regulation—favoring the status of a functional network as a significant threshold in securities analysis.
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