Regulatory Discussions on Digital Assets by SEC Task Force
The US Securities and Exchange Commission's Crypto Task Force engaged in talks with representatives from the cryptocurrency and traditional finance sectors in early February to address regulatory concerns affecting digital assets. Discussions focused on staking, clear guidelines for exchange-traded products (ETPs), and a new framework for overseeing the emerging asset class. The Blockchain Association proposed six priority areas for the task force to address, emphasizing regulatory principles, innovation-friendly approaches, uniform ETP standards, and the classification of protocol staking. Various industry representatives, including Jito Labs, Multicoin Capital, Andreessen Horowitz, Nasdaq, and Sullivan & Cromwell, met with the task force to discuss topics like staking in ETPs, token classification, and market intermediaries. The SEC's Task Force, led by Commissioner Hester Peirce, aims to provide regulatory clarity and address key issues in the digital asset space, following a change in administration. Witnesses at a US House Subcommittee hearing also highlighted the need for clear regulations and revisions to existing bills for the crypto industry.
The year is 2035. Bitcoin is at – and you can hold me to this – $1.5 million.”
Timothy Peterson, network economist
I think AI may lead to an explosion of companies and tokenized companies.”
Hunter Horsley, CEO of Bitwise
The scams have many different variations, but one in particular directs a person to a cryptocurrency machine to insert and send money to the scammer. If you receive a phone call with someone demanding a payment in cryptocurrency or Bitcoin, please hang up.”
The Springfield, Massachusetts Police Department
Unlike previously, it’s also quite unlikely we get any Trump-related catalysts till after his 20-Jan inauguration. Frontend vols have also remained soft with a relatively neutral skew which indicate a similar sentiment.”
QCP Capital
A letdown by team Trump on his proposed pro-crypto and pro-business legislation can be covered by an extremely positive dollar liquidity environment, an increase of up to $612 billion in the first quarter.”
Arthur Hayes, co-founder of BitMEX
Bitcoin’s dip stems primarily from strong US economic data pointing toward potential interest rate hikes.”
Japan's Financial Services Agency (FSA) has issued warnings to five unregistered overseas cryptocurrency exchanges—KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited—for providing crypto asset trading services to Japanese users without proper registration, in violation of the country's regulations.
This action underscores Japan's commitment to enforcing compliance among crypto asset service providers to ensure consumer protection and maintain market integrity.
#Lunc2TheMoonSoon The LUNC community has approved transferring CoinMarketCap dashboard access to top validator Allnodes. With 76% votes in favor, Allnodes will now update key data, ensuring the ecosystem thrives! 🔥
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