š¢ The SEC won't greenlight Ethereum ETF options for now: it has postponed approval until November 10. Nasdaq ISE, the author of the proposal to list BlackRock's IBTC options, will have to wait until a more thorough review.
š§ Gary Gensler criticized for his regulatory approach to cryptocurrencies: Some congressmen called the current SEC chairman the āmost destructive the SEC has ever had.ā This is due to not creating clear regulation and precise regulations for the industry.
š Global liquidity continues to free fall: it's about how much money is available in the world economy, which has been in free fall since the pandemic. It could mean a credit squeeze, opening the door to recession.
š The IMF is insisting on promoting the use of CBDCs: it has launched a new plan with the aim of getting global economies more involved with the use of CBDCs, even giving them legal tender status.
š± = Bad news.
šš¼ = Clarity is needed.
š„° = I trust CBDCs.
