President Trump's cryptocurrency official hints at major upcoming announcements! President Trump's cryptocurrency supervisor David Sachs hints at upcoming announcements related to digital assets.

the SEC, CFTC and a presidential task force are joining forces to streamline #cryptocurrency regulation.
industry leaders and policymakers gather at a CFTC forum to discuss regulation of tokenized assets, staking.
David Sachs: something big is coming! David Sachs said in a recent tweet that "something big is coming soon" in regards to #digital assets. This revelation has caught the attention of the crypto community and heightened expectations of what is to come.
She also noted that David Sachs' assistant, Bo Hynes, plays a key role in ensuring smooth collaboration between the institution and industry leaders.
According to recent reports, Bo Hynes met with Hester Pierce, head of the SEC's cryptocurrency task force, and Caroline D. Pham, acting chairman of the CFTC. These meetings are important to ensure regulatory consistency and to develop policies for digital assets with industry input.
Some of these industry representatives will be attending the upcoming CFTC Leadership Forum to discuss how stablecoins can act as collateral in the futures markets.
What could happen?
With government agencies coming together and industry leaders participating in discussions, it is expected that something new will be announced. Details are still unknown, but one thing is for sure: Big news is coming. Share this crypto info with your network!
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#DigitalCurrency #CryptoUpdates #CryptoTrends

Tether, the issuer of stablecoin, is reportedly in talks with members of the U.S. Congress to help develop a policy to regulate stablecoin at the federal level.

According to Fox Business reporter Eleanor Terrett, #Tether is working with House Finance Committee #Digital Assets Subcommittee Chairman Brian Steil and Representative French Hill on the STABLE bill, which was introduced by both lawmakers on February 6.
According to Tether CEO Paolo Ardo, Tether is working on the STABLE bill. Digital Assets Subcommittee Chairman Brian Steil and Representative French Hill are working together on the STABLE bill, which was introduced by both lawmakers on February 6.
According to Tether CEO Paolo Ardoino, the company is working on two other stable coin bills introduced by other lawmakers. Mr. Tether said that the company is also seeking opinions on two other stable coin bills introduced by other lawmakers. The CEO added: "We are not going to throw in the towel and let Tether die because it cannot adapt to US law. However, there is still a lot of uncertainty about what will actually happen and we want our voice to be heard in the legislative process.
Tether will audit its reserves monthly through a U. S. accounting firm and use tokenized fiat when operating under U. S. law.
Tether's involvement in the regulatory process comes after crypto industry executives met with the U. S. Securities and Exchange Commission (SEC) to discuss regulation of the sector and how the Trump administration can ensure stability.
In an #interview on Feb. 6, U. S. Federal Reserve Chairman Christopher Waller said that stable coins tied to the U. S. would "expand the dollar's reach around the world and make the dollar a more reserve currency than it is now.
Issuers of stable coins have become some of the world's largest buyers of U. S. Treasuries.
These companies use government securities as excess collateral for their fiat tokens, thereby stimulating demand for the U. S. dollar and extending its standard.

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#FinTechInnovations #CryptoUpdates

The United Arab Emirates (UAE), through its sovereign wealth fund Mubadala Investment Company, invested about $436.9 million in BlackRock's IBIT in the fourth quarter of last year, documents filed with the U.S. Securities and Exchange Commission on Friday show.

The move coincided with the company acquiring a commercial license in Abu Dhabi, indicating growing interest in #bitcoin from institutional investors in the Gulf. coincides with the company acquiring a commercial license in Abu Dhabi, indicating growing interest in bitcoin from institutional investors in the Gulf. BlackRock's IBIT currently holds approximately $57.46 billion and remains the largest bitcoin spot fund by assets under management, while Mubadala has become the seventh largest investor.
It is worth noting that this investment by Abu Dhabi is the largest in the country in In 2023, the city government is investing heavily in bitcoin mining, signaling a broader strategy to integrate #digital assets into the financial ecosystem.
Reacting to the event, US Senator Cynthia Lummis, an avid bitcoin supporter, said: " In her tweet, she wrote: "I told you the race is on. It's time for the U. S. to #win .
Lummis, who has repeatedly stated the need to strengthen the US bitcoin strategy, has previously warned of a possible "arms race" with countries such as China and the United Arab Emirates (UAE) and policies to keep the US at the forefront of financial innovation and security. In an #interview with Bitcoin Magazine on Friday, Lummis detailed a proposal to create a strategic bitcoin reserve in the United States. Under this plan, the government would accumulate 200,000 bitcoins each year for five years and eventually have one million bitcoins at its disposal. This reserve can be used to stabilize the U. S. dollar as the world's reserve currency and ultimately strengthen the U. S. economic position.
This asset will change not only our country, but the world, and as President Trump just said, the U. S. is a world leader. It should be, Lummis said.

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Japan's FSA is considering allowing bitcoin ETFs and cutting the tax on cryptocurrencies from 55% to 20% to protect investors and increase market share.

Japan's Financial Services Agency (FSA) is considering allowing #bitcoin ETFs and cutting taxes for crypto investors. The FSA is considering the following changes. If approved, the changes could put #cryptocurrencies on par with traditional financial assets, encourage their widespread adoption and enhance investor protection. The agency is currently discussing the regulatory changes with financial experts to determine whether existing regulations can be adapted to the rapidly growing #cryptocurrency sector.
The consultation is taking place behind closed doors, with policy updates expected by June 2025. If the changes are passed, legislation is likely to be presented to the NPC in 2026.
One of the most important proposals is to reduce the taxation of cryptocurrency profits. Currently, the tax rate for investors is as high as 55%, but regulators are considering lowering the tax to 20% to equal capital gains in the stock market. This move could attract more retail and institutional investors to the market.
Another important reform is the possible approval of bitcoin-spot ETFs. These instruments would allow investors to access bitcoin without owning it directly, reducing risk and increasing accessibility for the public. The U. S. and Canadian markets have already embraced bitcoin ETFs, while Japan has been more cautious due to strict regulations.
According to Hay Insights Japan, Japan is slower to adopt ETFs than other regions.
analysts believe that clear regulation and tax incentives will make Japan a more attractive destination for investors in #digital assets. Japan will become a more attractive destination for investors in digital assets.
If these measures are implemented, Japan could become a major crypto-investment center. Just two months ago, the FSA issued warnings to KuCoin, Bybit and Bitget for operating without proper licenses.

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#CryptoNews

In December 2023, the Financial Accounting Standards Board (FASB) finalized rules allowing companies to reflect the fair or estimated market value of cryptoassets on their balance sheets.

Previously, the value of cryptoassets held on a company's balance sheet had to The value could not fall and the recorded value could not be increased until the asset was liquidated.
The new FASB rules for cryptoassets will go into effect in December 2024. As Cointelegraph previously reported, the new accounting rules will greatly benefit companies holding bitcoins starting in 2025.
Before 2025, U. S. FASB rules required companies to account for #bitcoin at minimum historical prices, which hid any unrealized gains.
Gadi Chait, an investment manager at Xapo Bank, told Cointelegraph. Under the new rules, #digital assets can be valued at market value, which accurately reflects fair value and dispels the notion that bitcoin is a 'dead asset' in accounting.
In essence, fair accounting rules allow bitcoin to be treated as an asset that reflects its market value at the time. The transparency and predictability of this process makes it much easier for companies to keep bitcoins on their balance sheet, John Glover, chief investment strategist at Ledn, wrote to Cointelegraph.
The new FASB rules will allow companies to store bitcoins.
Mr. Glover added: Instead of selling bitcoins and triggering a taxable event, companies can keep their bitcoin positions, borrow against that asset and access working capital backed by digital assets. and borrow against that asset and access working capital, and said that this allows companies to keep their exposure to bitcoin appreciation and access immediate liquidity to invest in stocks, bonds and other financial instruments to generate a return on their reserves.
He added that
Glover also said that the approval of the Bitcoin spot exchange-traded fund (ETF) legitimizes bitcoin as a Treasury asset.

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#CompassInvestments #Crypto2024 #TrendingTopic

#DigitalProphet
Digital products

Digital products are intangible items consumed or accessed digitally, such
as ebooks, music, software, online courses, video games, apps, and
movies.
 These products can be created once and sold repeatedly online, offering
high profit margins and low overhead costs.
Entrepreneurs can build
profitable businesses by selling digital products like ebooks, online courses,
and templates, which can generate passive income since they can be sold
repeatedly without the need for inventory.

Selling digital products offers several advantages:

Low overhead costs: You don’t need to hold inventory or pay for shipping.

High profit margins: Digital products have few recurring costs, so you retain
more sales revenue.

Potential to automate: Orders can be delivered instantly with no oversight.

Flexible products: You can offer free products to build your email list, paid
subscriptions for access to exclusive content, or licenses to use your digital
products.

Popular types of digital products include:

Online courses: Ideal for presenting in-depth content in a monetized digital
format.
*Ebooks:
Can be accessed via ereaders, computers, or mobile devices.

*Print-at-home possibilities:
Such as personalized wall art, planners, and greeting cards.

*Digital tools:
Equipping professionals to do tasks more quickly or competently.

*Licensed content:
Such as stock photos, video footage, music, and sound effects.

To start selling digital products, you can create your own storefront or use
platforms like SendOwl, which supports digital product businesses
and can auto-generate unique license keys.
Additionally, you can sell through online marketplaces, but be aware
that some may take up to 50% commission for every sale.

Marketing your digital products effectively is crucial.
You can promote them on social media, set up social storefronts, and
create profiles on digital product marketplaces within your niche.
 Providing great customer service, responding to questions, and offering
support and refunds when necessary can also enhance customer satisfaction.

Creating a digital product once and selling it repeatedly can lead to
continuous income and passive income, making it a lucrative option
for those looking to start an online business.
#Write2Earn
#TopVoices
#Digital
#earn

Maryland joins states proposing strategic bitcoin reserve A proposed bill would allow Maryland to invest in bitcoin using funds generated from fighting gambling offenses.

Additionally, the fund would accept #bitcoin donations from state agencies and state residents. The bill also requires state agencies to accept #cryptocurrencies to pay taxes, fees, fines and other authorized payments. Payers would be responsible for transaction fees.
the bill outlines a structured approach to bitcoin purchase and storage, emphasizing security, transparency and accountability in the management of #digital assets.
Maryland is Arizona,
Maryland has joined a list of states considering similar legislation, including Arizona, Alabama, Florida and 17 other states, according to
bitcoinlaws. io.
Maryland's bill follows recent initiatives in other states, including Utah.
Utah's bill follows recent initiatives in other states, including Utah, where the House of Representatives on Feb. 6 passed House Bill 230, which now heads to the Senate.
Utah's bill proposes allowing the state treasurer to allocate up to 5 percent of certain state funds to bitcoin and other major digital assets.
Similarly, Kentucky's bitcoin reserves bill (KY HB376) was introduced on February 6, which allows the state's Investment Commission to direct up to 10% of excess state reserves into bitcoin and other digital assets.
ECB on bitcoin reserves.
Senator Cynthia Lummis is pushing a bitcoin reserve bill that aims to make the U. S. the primary holder of digital assets. She said in a Jan. 21 #interview that while progress has been made, the bill would require at least 60 votes in the Senate to gain bipartisan support.
The proposal aims to accumulate 1 million bitcoins, or 5 percent of the total, over the next five years.
There are 198,100 bitcoins in the U. S. confiscated through asset forfeiture. to partially fund this reserve.
According to estimates by asset management company VanEck, if bitcoin grows at 25% per year and the U. S.

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Maryland advances state-level acceptance of cryptoassets with "strategic bitcoin readiness bill" Kentucky recently introduced a bitcoin readiness bill, signaling a growing acceptance of digital assets at the state level On February 6, Ke

ntucky Representative Theodore Joseph Roberts Representative Roberts introduced KY HB 376. If approved, the bill would allow state investment boards to allocate up to 10% of the state's excess reserves to #digital assets, including #bitcoin .
Kentucky joins Arizona, Alabama, Florida, Massachusetts, Missouri, New Hampshire and became the 16th U. S. state to introduce a bitcoin reserve bill, joining North Dakota, South Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Kansas and Wyoming. In addition, Kentucky's bill follows Illinois' announcement a week earlier that the state has proposed a bitcoin-reserve bill with a minimum strategy of holding #BTC for five years.
In addition, Missouri State Representative Ben Keathley recently proposed a bitcoin-reserve bill to diversify the state's investment portfolio.
The wave of bitcoin reserve laws sweeping across U. S. states illustrates how digital assets are quickly gaining mainstream acceptance. As more states join the trend, there could be a revolutionary change in the way U. S. states approach financial stability and innovation. The future of state finances is likely to be more digital than ever before!
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#Crypto2024 #DigitalCurrency

Lee Bratcher, president of the Texas Blockchain Council, makes it clear that states like Texas and Florida aren't waiting for Washington to adopt bitcoin

looking ahead to 2025, states like Texas and Florida are considering creating strategic #bitcoin reserves. We're looking at creating a reserve, Bratcher said in a conversation with Rob Nelson at the Roundtable conference. In the name of friendly competition, they want to get ahead of the federal government. And, of course, we want the federal government to do the same.
Texas and Florida have already passed laws recognizing #digital assets under the Uniform Commercial Code (UCC), giving #cryptocurrencies a clearer legal status. Texas has also moved to regulate stable coins, recognizing their role in the crypto economy.
Samuel Arms, founder of the Florida #Blockchain Association, echoed Bratcher's optimism, noting that even with the previous administration's hostile policies toward cryptocurrencies, progress has been made at the state level. He noted that progress continues at the state level as well.
We're definitely not going to be fooled, Arms said, responding to concerns about the federal government's slow response. Even under the Biden administration, the situation has not been exceptional or great, so to speak, and Arms said that momentum will increase under the new administration. 'This is a very friendly administration right now. A lot of the detractors who were against cryptocurrencies and bitcoin have resigned or left office. The momentum created by the states will be directed toward Washington.
Texas is positioned as a major center for bitcoin mining and blockchain businesses; according to Bratcher, the state already has bitcoin and Ethereum as assets that are exempt from the money transfer law and has taken other significant regulatory measures.

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#CryptoNews

Highlights. Vice President Kamala Harris promises to spur innovation in artificial intelligence and digital assets while protecting consumers.

Vice President Harris raised $27 million at a fundraiser in New York, and the Democrat raised $361 million in August, beating Trump by $130 million.
Vice President Kamala Harris, who will face Donald Trump in this November's election, expressed her support for new technologies such as artificial intelligence and #cryptocurrencies at a Sept. 22 campaign fundraiser.
This is the first time Harris has spoken publicly about cryptocurrencies, which will be one of the emerging industries in the 2024 presidential election.
Speaking at an event at Cipriani Wall Street in Manhattan, Vice President Kamala Harris said her administration will foster innovation while protecting the interests of investors and consumers.
We will encourage innovative technologies such as artificial intelligence and #digital assets while protecting the interests of consumers and investors, she said.
For an industry that has grown rapidly over the past few years, cryptocurrencies pose a significant challenge for 2024. In particular, key executives and investors sharply condemned Gov. Biden's approach to regulation.
Many #cryptocurrency supporters took Harris' remarks as an attempt to prove that her position is different from President #Joe Biden's. Judging from the remarks, Harris seems to recognize some value in the industry, but is eager to introduce consumer protections after a series of high-profile cryptocurrency crashes. Meanwhile, his Republican rival Harris has already taken a friendly stance on cryptocurrencies, with Trump criticizing existing regulation and promising to oust SEC Chairman Gary Gensler if he gets into the White House. He made headlines last week after paying with bitcoins for a burger at a cryptobar in New York City.
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#MarketInsights

Key Points. NYSE Arca proposes Rule 8.800-E on the listing of digital assets and investment products.

The new rule aims to expand investment opportunities and meet demand for a variety of assets.
NYSE Arca proposes Rule 8.800-E for the listing of commodity and digital asset-based securities. The rule is intended to expand investment opportunities, meet investor demand, and provide a regulated trading environment for these innovative products.
On October 29, 2024, NYSE Arca proposed that the SEC adopt a new rule (Rule 8.800-E) that would permit the listing and trading of innovative investment products based on commodity and #digital assets.
In connection with this rule, NYSE Arca is also proposing to list and trade shares of the #Grayscale Digital Large Cap Fund pursuant to this new rule.
the primary purpose of Rule 8.800-E is to expand the investment opportunities available on NYSE Arca by creating a framework for listing securities based on both physical commodities and digital assets.
the proposal would allow exchanges to consider trading investment income interests based on commodities and/or digital assets that meet the criteria of this rule pursuant to listed or unlisted trading privileges.
Such investment interests are defined as securities issued by a trust, limited liability company or similar organization that owns certain commodities, digital assets, derivative securities or cash.
The rules address investor demand for a variety of products that combine the growth potential of digital assets, such as #cryptocurrencies , with traditional commodity investments. By expanding the range of listed securities, NYSE Arca will facilitate new forms of exchange-traded products (ETPs) that provide access to these innovative asset classes in a safe and regulated environment.
Rule 8.800-E opens the door to a regulated space where investors can trade in commodity-backed securities and digital assets.

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#CompassInvestments #CryptoTrends

Donald Trump has doubled his support for cryptocurrencies.

The former president's stance on #cryptocurrencies has changed 180 degrees.
While Trump endorses cryptocurrencies, Biden is in danger because of his anti-cryptocurrency stance.
Former President Donald Trump is diving headfirst into the #cryptocurrency wave, especially now that it means outflanking his main rival, President Joe Biden. The leading Republican candidate has been on the rise lately, and even while accepting campaign donations in various cryptocurrencies, including meme coins like Doge and SHIB, he has embraced the crypto industry with open arms.
In a new post on his social media platform, Trump reiterated his love for cryptocurrencies and said he fully supports #digital assets in the race for the White House.
'I am very positive and open-minded about cryptocurrency companies and everything related to this new and rapidly growing industry,' Donald Trump wrote in his signature style typed in large letters. The former president emphasized that the United States should be the leader, "there is no such thing as second place.
Trump didn't miss the opportunity to throw shade at Biden, saying his rivals hope to bring the crypto industry "a slow and painful death. ""
The former president's new social media post completely reverses the 180-degree stance he took a few years ago when he was skeptical of cryptocurrencies compared to the U. S. dollar.
A man in neat clothes examines documents while sheets of paper fly around him.
Can #Ripple win against the SEC thanks to a new bill?
Two elderly people in wheelchairs, facing each other, show their middle fingers in an old abandoned building.
A robot hand holds a TON token and sends a message via telegram.
"The currency of this world should be the dollar. And I don't think we should have all the bitcoins in the world.

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#CryptoUpdates

In a note to clients released today, Bernstein analysts led by Gautam Chhugani are confident that bitcoin will eventually replace gold as a reliable security asset, the note said.

We expect #bitcoin to become a major asset of a new era over the next 10 years, replacing gold, becoming an integral part of institutional multi-asset holdings and the standard for corporate financial governance.
Bitcoin is up 141% since the beginning of the year. But much of that growth was due to the victory of pro-cryptocurrency Republican candidate Donald Trump in the 11th U. S. presidential election.
After Trump's victory, the #cryptocurrency market saw a surge of optimism as the president-elect is expected to create a favorable regulatory environment for #digital assets. Since 11/4, the total cryptocurrency market has grown from a staggering 2.4 trillion to a staggering 3.9 trillion at the time of writing, representing a staggering 62.5% growth.
In his post, Bernstein predicts that #Btc could rise in value to 200,000 baht by the end of 2025. The trading firm's predictions are in line with those of Charles Edwards, founder of Capriole Investments, and BTC could double in value within weeks as its relatively low market value allows for faster price movements.
Bernstein's optimistic forecast cited mainstream adoption of bitcoin as a key factor in its success. A. It was complemented by Gil Luria, an analyst at Davidson. However, he warned that bitcoin still has a long way to go before it becomes widely accepted as a medium of exchange and unit of account. This is the first time I've ever seen a video with a girl in it. :
Bitcoin is currently being used as a savings vehicle, a low correlation asset that replaces gold as a hedge against declining economic stability.
While bitcoin is not yet widely recognized as a currency, it has gained popularity as a reliable asset class on companies' balance sheets. Recently, Hut8, a leading cryptocurrency mining company, announced plans to create a strategic reserve for btcoin.
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#CryptoMarketTrends

Germany's central bank joins global financial tokenization initiative

Germany's central bank, Deutsche Bundesbank, has joined Singapore's Project Guardian, a global initiative by the Monetary Authority of Singapore (MAS) to modernize financial markets through asset #tokenization .
Launched in 2022, Project Guardian will work with financial institutions and global regulators to set industry standards and promote the adoption of tokenized assets in capital markets, ultimately leading to greater global financial connectivity.
the participation of the Bundesbank, one of Europe's leading central banks, signals progress in integrating #digital assets into the mainstream financial system. The bank is actively participating in the pilot project Project Guardian, which aims to create a #blockchain platform for the efficient management of cross-border assets.
Burkhard Balz, a member of the Bundesbank's Executive Board, emphasized that the project is in line with European research on distributed ledger technology (DLT) and the application of blockchain in finance.
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A group of Republican lawmakers, including the chairs of key House committees, have asked SEC Chairman Gary Gensler to develop clearer rules for digital assets such as Ethereum (ETH) and their custody by specialized broker-dealers (SPBDs).

Their March 26 letter highlights the critical need for regulatory transparency to make it easier for operators in the digital asset sector to comply with the rules.
The lawmakers' letter emphasizes the SEC's reluctance to clearly classify assets and that the definition of "digital asset securities" remains unclear.
The #SEC is concerned about the lack of clear guidance for SPBDs dealing with #digital assets.
The request concerns whether #BTC should be classified as a security after Prometheum Inc. announced that its subsidiary will offer Ethereum custody services to large investors.
The measure raises concerns about possible negative consequences if it goes forward without a robust regulatory framework.
Lawmakers warn of potential market risks if #ETH is classified as a security.
They argue that it could affect ETH futures trading and disrupt the digital asset market. The letter criticizes the SEC for lacking adequate guidance, making compliance more difficult and contributing to uncertainty in the digital asset market.
Finally, the lawmakers warn that continued regulatory uncertainty will negatively impact the U. S. digital asset market. They emphasize the need for clear and consistent rules to support innovation and growth.
The letter, signed by 48 lawmakers including Patrick McHenry and Glenn Thompson, demands a response from Gensler by April 9, underscoring lawmakers' desire for a more transparent approach to digital asset regulation.
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#CryptoMarketTrends

Hackers attacking decentralized exchange (DEX) KyberSwap have been seen moving millions of digital assets from one blockchain to another.

On February 26, analytics firm PeckShield detected the moves from the attacker's wallet address to KyberSwap.
According to the #blockchain data, the hacker moved 798.8 Ether (ETH) worth nearly £2.5 million from Arbitrum to the #Ethereum network.
In addition to the £2.5 million, the hacker also transferred about $1 million in stable coins. A wallet associated with Exploiter transferred £826,500 in stable #Dai (DAI) coins to another wallet.
The KyberSwap hack was one of the biggest hacks of 2023, with DEX notifying the community on November 23 that a "security incident" had occurred and advising users to withdraw funds.
It was initially reported that around £46 million of #digital assets had been withdrawn as a result of the hack. However, it was later revealed that the total loss amounted to £49 million.
That day, the hacker also left a message online for the KyberSwap team saying that negotiations would begin "after a full rest".
In response, the KyberSwap team offered a reward of £4.6 million in exchange for 90% of the stolen funds.
However, the reward negotiations took a nasty turn when hackers began to express their dissatisfaction with KyberSwap's approach.
On November 29, the hacker posted online that he would postpone negotiations if the KyberSwap team continued to threaten legal action or threats, which the hacker described as unfriendly.
The hackers then made an unexpected demand, demanding full control of KyberSwap and all of its assets.
The hackers also claimed temporary full right and possession of KyberDAO, which acts as Kyber's governance structure, and all Kyber-related documents.
The company was given until December 10, 2023 to make a decision before the "contract expires.

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#CryptoAdoption

The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U.S. regulations and maintaining global competitiveness.

-Share:
The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U. S. regulations and maintaining global competitiveness.
The FIT21 bill, which aims to create a comprehensive US regulatory framework for #digital assets, is expected to come up for a vote next week. The #cryptocurrency sector has urged House leaders to support this important bill. Many industry representatives have signed letters to key members of the U. S. House of Representatives advocating for passage of the 21st Century Financial Innovation and Technology Act.
The letter emphasizes that passage of the bill will help the United States remain globally competitive as the House of Representatives stands ready for a vote. The vote is a historic moment for the U. S. cryptocurrency industry and could lead to long-awaited regulation. Major associations and companies including Coinbase, Kraken and Andreessen Horowitz have been criticized by House Speaker Mike Johnson (Louisiana Republican) and Minority Leader Hakeem Jeffries (New Jersey Democrat). A vote on the Financial Innovation and Technology for the 21st Century Act (FIT21) is scheduled to take place next week, with action scheduled for mid-week.
The bill seeks to designate the CFTC as the primary regulator of digital assets and define its responsibilities, as opposed to the SEC, by providing consumer protections, including rules for the safekeeping and treatment of customer assets in bankruptcy, as well as imposing safeguards against risky behavior.
Passage of this bill has the potential to advance #blockchain technology and digital assets, expand access to financial services, and protect national security," the letter said. "It is critical for the United States to maintain its leadership in financial innovation.

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#transscreen.ru #TrendingTopic

On September 27, Howard Lutnitz, CEO of Cantor Fitzgerald, appeared on Fox Business and called on regulators to recognize bitcoin as a commodity like gold or oil.

In an #interview on Morning with Maria, Mr. Lutnitz emphasized bitcoin's status as a commodity and called for a clearer regulatory framework for the #cryptocurrency sector. #Bitcoin is a commodity. It should be treated like gold or oil. It's just a commodity, he said.
In response to Maria Bartiromo's question about whether commodities traded on the Cantor Fitzgerald exchange will be regulated in the same way as stocks, Lutnick expressed confidence that the line between commodities and stocks will erode, perhaps within 20 years. He expressed concern that regulators are struggling to recognize the importance of Bitcoin and the broader digital asset market, saying:
Let's face it. They have absolutely no understanding or knowledge of how to deal with cryptocurrencies and #digital assets.
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#CryptoTrends