U.S. Senators urge SEC not to approve more crypto ETFs, citing risks of fraud and manipulation to investors

In a joint statement, Senators Jack Reed and Laphonza Butler express concerns about the potential harm crypto ETFs could pose to retail investors due to fraud and market manipulation risks. They stress the nascent nature of cryptocurrency markets and call for caution, highlighting the lack of regulation and transparency compared to traditional financial markets.

Their appeal to the SEC reflects broader apprehension among lawmakers regarding crypto assets' intersection with mainstream financial products. It aligns with the SEC's recent efforts to establish a regulatory framework for cryptocurrencies and echoes concerns about market manipulation and investor protection voiced by other government officials and financial experts.

While the SEC has approved some crypto-related ETFs, direct holdings of cryptocurrencies like Bitcoin remain unapproved. The senators' statement underscores the ongoing debate over cryptocurrency regulation and its impact on the financial system, posing a significant challenge for policymakers and regulatory bodies.

As the SEC evaluates the senators' request, the fate of crypto ETFs and their potential implications for the cryptocurrency market and retail investors remain uncertain.

#HotTrends #Trendingtopics #SecGov #ETFs

Here's a snapshot of the crypto world as of today, March 12th, 2024:

Market Update: It's a positive day for crypto! Bitcoin broke a new record, reaching over $72,000. Ethereum and other major coins are also up. The overall market cap is nearing $3 trillion.

News: Regulation: The UK government is outlining its plans to become a global hub for cryptocurrencies.

ETF Watch: Analyst predictions for an Ethereum ETF by May are down due to a lack of communication from the SEC.

Finally, there are 35 Days19 Hrs 18 Min for the BTC #Halving

Blocks until halving: 5,627

Have a nice day!

#Bitcoin #HotTrends #Trendingtopics

🔥$BTC Long Signal Initiated!

Attention to all cryptocurrency enthusiasts! Bitcoin is gearing up for a bullish surge, and now is the opportune moment to join the upward trend with a futures long signal.

Leverage: Maximum (20X)

Entry Points:

- 42,250 (Wait for Entry)
- 41,500

Take Profit Targets:

- 43,000
- 44,300
- 45,000
- 45,700
- 46,700

Stop Loss: 41,250

Insights:

- Riding the 1-Hour Trendline Support Area
- Positioned Near Range Support Area
- Anticipating Manipulation of Trendline and Support Area

Is Bitcoin poised for a significant ascent? Share your perspectives in the comments section below!

For additional trading insights and crypto updates, remember to like, share, and follow @crypto Ashley #Bitcoin #manta #Trendingtopics #launchpool

- BNB Quarterly Burning Update: Over 2 million Binance Coin tokens, equivalent to $636 million, have been successfully removed from circulation in the 26th quarterly burn announced by the BNB Foundation.

- Comprehensive Removal: The recent burn, incorporating both the Auto-Burn and Pioneer Burn Program, resulted in the permanent elimination of 2,141,487.27 BNB, reflecting the commitment to reducing the token supply.

- Auto-Burn System: Binance emphasizes the transparency and objectivity of the Auto-Burn procedure, which operates independently of the centralized exchange (CEX) and contributed significantly to the token removal.

- Pioneer Burn Program Impact: An additional 1542.15 tokens were removed through the Pioneer Burn Program, designed to permanently eliminate BNB corresponding to proven losses for qualified users.

- BEP95 Initiative Success: Since the introduction of BEP95, approximately 210,000 tokens have been permanently burnt, highlighting the effectiveness of initiatives like the Pioneer Burn Program in ecological preservation and safeguarding the circulation supply.

- Real-Time-Burn Mechanism: The ongoing efforts to reduce the token supply include the Real-Time-Burn mechanism on the BNB Chain, allowing for the immediate burning of gas costs, reinforcing the commitment to managing the token's circulation.
#Trendingtopics #TradeNTell #BNB

AUCTION/USDT has surpassed the $26.8 resistance, indicating the formation of an inverse head and shoulders pattern.

Contemplate purchasing at the present levels or post a retest for potential profits.

#Trendingtopics #MANTA #Launchpool #XAI #TRB

Bounce Token price today is $ 27.51 with a 24-hour trading volume of $ 761.79M, market cap of $ 178.84M, and market dominance of 0.01%. The AUCTION price decreased -1.56% in the last 24 hours.

Bounce Token reached its highest price on Feb 25, 2021 when it was trading at its all-time high of $ 4,155.78, while Bounce Token's lowest price was recorded on Jun 15, 2023 when it was trading at its all-time low of $ 3.48. The lowest price since it's ATH was $ 3.48 (cycle low). The highest AUCTION price since the last cycle low was $ 48.29 (cycle high). The Bounce Token price prediction sentiment is currently bullish, while Fear & Greed Index is showing 60 (Greed).