● a16z crypto General Counsel: The SEC's current regulatory approach is ineffective
According to Odaily Planet Daily, the SEC recently held the first crypto working group roundtable at its headquarters in Washington, discussing the long-standing core issue—what makes an asset a security.
a16z crypto General Counsel Miles Jennings stated that the SEC's past regulatory approach has failed to achieve its three main objectives: investor protection, capital formation, and market efficiency. He believes the current approach is 'clearly ineffective' and must be improved.
Cooley LLP Special Advisor Rodrigo Seira suggested that the intent to purchase an asset does not automatically make it a security. He used the example of purchasing artworks to illustrate that investment intent should not directly trigger securities regulation.
● SEC Commissioner Peirce: Some NFT financing projects may be exempt from securities regulation
According to reports by Wu, SEC Commissioner Hester Peirce stated that crypto projects funded through NFTs, such as Stoner Cats, should be exempt from applying securities regulations.
During the SEC's first crypto roundtable, Peirce pointed out that after clarifying that proof-of-work mining is not a security, NFTs may be the next asset class to be clarified. She emphasized that providing a reference framework for NFT issuers would help the industry comply, but if the structure of NFTs is essentially securities, relevant regulations will still apply.
According to Shen Chao TechFlow, on March 21, Bo Hines, Executive Director of the U.S. Digital Asset Market Presidential Working Group, revealed that the team has 'countless ideas' about purchasing Bitcoin and will implement the best plan. Previously, Bo Hines stated that a U.S. stablecoin regulatory bill could reach President Trump's desk within two months.
According to Odaily Planet Daily, Strategy founder Michael Saylor announced that his company has completed the pricing of Strife perpetual preferred shares and raised the issuance scale from $500 million to $722.5 million.
● Haun Ventures plans to raise $1 billion for two new crypto funds
According to BlockBeats, former U.S. federal prosecutor Katie Haun is raising a total of $1 billion for two new crypto funds through Haun Ventures. The fundraising is expected to be completed in June this year. The new funds will focus on early-stage and later-stage crypto projects, continuing the structure adopted during their debut in 2022.
● Fidelity Solana Fund registered in the state of Delaware, USA
According to Odaily Planet Daily, the Fidelity Solana Fund has been registered in the state of Delaware, USA.
● BNB Chain ecosystem DEX trading volume reached $1.999 billion in the past 24 hours, ranking first
According to BlockBeats, on March 21, DeFiLlama data showed that the BNB Chain ecosystem DEX achieved a trading volume of $1.999 billion in nearly 24 hours, surpassing Ethereum's $1.715 billion, ranking first. Among them, PancakeSwap's trading volume on the BNB Chain network in the past 24 hours reached $1.867 billion.
● Data: A certain Ethereum ICO whale transferred 10,000 ETH, may sell soon
According to ChainCatcher reports, Ai Yi monitoring shows that an ancient whale participating in the 2015 Ethereum ICO transferred 10,000 ETH to the address 0x7d6...841B4, worth about $19.69 million, and may sell soon. This investor had previously transferred 3,000 ETH to the same address a month ago and has since sold in batches, making a profit of $6.978 million. They still hold 215,008 ETH through five addresses, with a total value of $424 million, at a cost of only $0.31 per coin.