😱🔥Busy week begins for crypto markets: Powell will speak, inflation will be announced
While Bitcoin continues to trade below the $60,000 level, where it experienced a sharp decline last week, there will be developments this week that will closely concern the financial markets and therefore the crypto world.
With all this, the final milestone has now been reached for Ether spot ETFs to be opened for transactions. The final S-1 filings of ETFs whose 19b-4 filings were approved by the SEC in May are also expected to be approved. While some experts state that the funds may be opened to transactions this week, the majority predict that these funds will be officially opened to the public as of July 15.
"Digital commodity" meeting from the Agriculture Committee
On the other hand, the Congressional Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC), will also hold a "Digital commodity" meeting. At the meeting here, CFTC chairman Rostin Behnam will answer questions from members of Congress.
"Let's not lose crypto to Trump" step from Democrats
One of the important developments of the week will be the meeting to be held by #US Congressman and Deputy Ro Khanna. Khanna, a member of parliament representing the 17th Congressional district, which includes Silicon Valley, will host important names from the crypto industry in Washington. Many well-known businessmen and politicians from outside the crypto world will also attend the meeting. Famous businessman and cryptocurrency supporter Mark Cuban will also be present at the meeting, where a representative from the White House will also attend.
It is stated that Khanna, a member of the Democratic Party, aims to show that Democrats are sympathetic to this field, instead of Trump, who seems "crypto friendly".
In addition to these meetings, Senate hearings will be held to recommend SEC commissioner Caroline Crenshaw to her post at the agency and Commodity Futures Trading Commission member Christy Goldsmith Romero to head the FDIC.
