Nasdaq announced that it will suspend its withdrawal from the custody plan for cryptocurrencies in the United States.
As a diversified financial company, Nasdaq originally had a very ambitious plan in the crypto market, but today it suddenly announced that it would suspend the planned custody plan. The reason is that it takes into account regulatory risks. However, it also made a statement that the planned investment in other derivative ETFs remains unchanged.
From the original text of Bloomberg, it can be seen that Nasdaq has sensed the trend of the United States to continue to strengthen the regulation of the crypto market. Although the recent victory in the Ripple case made the crypto market happy, it made the SEC angry!
With Nasdaq's withdrawal, there is another news today that it has begun to review this round of ETF applications. If combined with the sentiment of strengthening supervision, the review may be rejected again.
To be continued, see the comments!
#BTC
As a diversified financial company, Nasdaq originally had a very ambitious plan in the crypto market, but today it suddenly announced that it would suspend the planned custody plan. The reason is that it takes into account regulatory risks. However, it also made a statement that the planned investment in other derivative ETFs remains unchanged.
From the original text of Bloomberg, it can be seen that Nasdaq has sensed the trend of the United States to continue to strengthen the regulation of the crypto market. Although the recent victory in the Ripple case made the crypto market happy, it made the SEC angry!
With Nasdaq's withdrawal, there is another news today that it has begun to review this round of ETF applications. If combined with the sentiment of strengthening supervision, the review may be rejected again.
To be continued, see the comments!
#BTC
