SECCryptoAccounting
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đ¨ Coinbase CEO Brian Armstrong Criticizes SEC, Calls for Withdrawal of 'Frivolous Cases' đ¨
In a direct critique of the SECâs handling of crypto regulation, Coinbase CEO Brian Armstrong took to X to call for reform, urging the next SEC chair to abandon what he calls âfrivolous casesâ and apologize to the public. Armstrongâs frustration centers on what he sees as inconsistent regulations that have stifled innovation and driven uncertainty across the crypto space.
đ Armstrong vs. Gensler: A Tense Relationship
With the U.S. elections just days away, Armstrongâs comments bring attention to the SECâs approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the yearsâfrom labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.
đ Future at the SEC: Could Trump Shake Up the Commission?
If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Genslerâs potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (âCrypto Momâ) who have advocated for clearer and more supportive crypto regulations. Armstrongâs call for accountability and reform hints at the crypto industryâs hope for a new direction under future leadership.
A Call for Trust Restoration
Armstrongâs message resonates with a growing sentiment across the industryâcalling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?
đ Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.
#brianarmstrong #SECCryptoAccounting #cryptoregulation #CPI_BTC_Watch
đ Armstrong vs. Gensler: A Tense Relationship
With the U.S. elections just days away, Armstrongâs comments bring attention to the SECâs approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the yearsâfrom labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.
đ Future at the SEC: Could Trump Shake Up the Commission?
If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Genslerâs potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (âCrypto Momâ) who have advocated for clearer and more supportive crypto regulations. Armstrongâs call for accountability and reform hints at the crypto industryâs hope for a new direction under future leadership.
A Call for Trust Restoration
Armstrongâs message resonates with a growing sentiment across the industryâcalling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?
đ Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.
#brianarmstrong #SECCryptoAccounting #cryptoregulation #CPI_BTC_Watch
đ¨ Breaking News: President Biden Stands by SEC Chair Amid Congressional Crypto Clash đ¨
In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk.
What's at Stake?
- SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding.
- Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy.
- Administration's Stand: The Biden administration argues that limiting the SECâs regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market.
Next Steps:
- Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing.
- Potential Veto: With Biden's veto threat looming, the resolutionâs future is uncertain, highlighting the ongoing tug-of-war over crypto regulation.
Implications:
This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk.
What's at Stake?
- SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding.
- Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy.
- Administration's Stand: The Biden administration argues that limiting the SECâs regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market.
Next Steps:
- Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing.
- Potential Veto: With Biden's veto threat looming, the resolutionâs future is uncertain, highlighting the ongoing tug-of-war over crypto regulation.
Implications:
This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
đ President Biden Backs SEC Chair Amid Crypto Clash đ¨
In a bold move, President Biden reaffirms his support for SEC Chairman Gary Gensler amidst congressional uproar over crypto regulations. Despite the House's attempt to overturn SEC accounting rules, Biden stands firm, ready to veto any such move.
What's on the Line?
- Understanding SAB 121: Introduced in April 2022, SAB 121 mandates crypto custodians to report liabilities and assets for held cryptocurrencies, a measure aimed at bolstering security.
- Congressional Debate: Led by Representatives like Mike Flood, critics argue SAB 121 lacks proper consultation and risks destabilizing the market.
- Administration's Position: The Biden team warns against curtailing SEC oversight, stressing the importance of stability in the crypto sphere.
What Comes Next?
- Senate Showdown: The resolution now heads to the Senate, where its fate hangs in the balance.
- Potential Veto: Biden's veto threat adds uncertainty, underscoring the battle over crypto regulation.
Why It Matters:
This clash underscores the struggle between innovation and regulation in crypto. As the saga unfolds, the world watches closely for its impact on crypto's future.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for updates as we navigate this pivotal moment in crypto history. đ
In a bold move, President Biden reaffirms his support for SEC Chairman Gary Gensler amidst congressional uproar over crypto regulations. Despite the House's attempt to overturn SEC accounting rules, Biden stands firm, ready to veto any such move.
What's on the Line?
- Understanding SAB 121: Introduced in April 2022, SAB 121 mandates crypto custodians to report liabilities and assets for held cryptocurrencies, a measure aimed at bolstering security.
- Congressional Debate: Led by Representatives like Mike Flood, critics argue SAB 121 lacks proper consultation and risks destabilizing the market.
- Administration's Position: The Biden team warns against curtailing SEC oversight, stressing the importance of stability in the crypto sphere.
What Comes Next?
- Senate Showdown: The resolution now heads to the Senate, where its fate hangs in the balance.
- Potential Veto: Biden's veto threat adds uncertainty, underscoring the battle over crypto regulation.
Why It Matters:
This clash underscores the struggle between innovation and regulation in crypto. As the saga unfolds, the world watches closely for its impact on crypto's future.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for updates as we navigate this pivotal moment in crypto history. đ
đ¨ Breaking News: President Biden Stands by SEC Chair Amid Congressional Crypto Clash đ¨
In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk.
What's at Stake?
- SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding.
- Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy.
- Administration's Stand: The Biden administration argues that limiting the SECâs regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market.
Next Steps:
- Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing.
- Potential Veto: With Biden's veto threat looming, the resolutionâs future is uncertain, highlighting the ongoing tug-of-war over crypto regulation.
Implications:
This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
In a decisive move, President Joe Biden has expressed unwavering support for SEC Chairman Gary Gensler following the House's controversial vote to overturn a critical SEC accounting practice for cryptocurrencies. The House passed Joint Resolution 109 with a 228-182 vote, aiming to scrap the SEC's Staff Accounting Bulletin (SAB) 121, but Biden is ready to veto should it land on his desk.
What's at Stake?
- SAB 121 Overview: Enacted in April 2022, SAB 121 requires crypto custodians to reflect liabilities and corresponding assets for custodied cryptocurrencies on their balance sheets, a regulation intended to mitigate risks in crypto asset safeguarding.
- Congressional Opposition: Spearheaded by Representatives Mike Flood and others, critics argue that SAB 121 was implemented without sufficient regulatory coordination and public input, challenging its legitimacy.
- Administration's Stand: The Biden administration argues that limiting the SECâs regulatory reach could spell financial instability and uncertainty in the burgeoning crypto market.
Next Steps:
- Senate Showdown: The resolution now heads to the Senate, where it faces an uphill battle, particularly without bipartisan backing.
- Potential Veto: With Biden's veto threat looming, the resolutionâs future is uncertain, highlighting the ongoing tug-of-war over crypto regulation.
Implications:
This development is a key moment in the crypto regulatory landscape, emphasizing the tension between innovation and regulation. As the situation unfolds, the crypto community, investors, and regulators will be watching closely.
#CryptoRegulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay tuned for more updates on this critical issue as we track its impact on the future of cryptocurrency regulation.
##SECCryptoAccounting #Memecoins #ETHETFS #đĽđĽđĽ XRP Set For Major Upswing: Top Analyst Reveals Timing For $10-$20 Price Milestone
XRP, the digital asset affiliated with #Rippleđ° , has been ensnared in a prolonged period of consolidation, oscillating within the $0.300 to $0.600 range for the past seven years.
Although there was a fleeting surge during the 2021 bull market, catapulting XRP to a three-year peak of $1.90 in April, the token has since retreated to its familiar range, lacking the bullish momentum to breach upper resistance levels.
Nevertheless, some crypto analysts are now foreseeing a significant uptrend for XRP in the upcoming months, potentially ushering it to unprecedented heights.
Analysts Envision XRP's Breakout
- A technical analyst known by the moniker "U-COPY" on the social media platform X (previously Twitter) suggests that XRP may undergo substantial movement between May 15 and August.
- U-COPY highlights that XRP has been gradually ascending from its recent low at $0.46 and is edging closer to the culmination of a prolonged triangle formation, which has been consolidating since 2018#ETHETFS
XRP, the digital asset affiliated with #Rippleđ° , has been ensnared in a prolonged period of consolidation, oscillating within the $0.300 to $0.600 range for the past seven years.
Although there was a fleeting surge during the 2021 bull market, catapulting XRP to a three-year peak of $1.90 in April, the token has since retreated to its familiar range, lacking the bullish momentum to breach upper resistance levels.
Nevertheless, some crypto analysts are now foreseeing a significant uptrend for XRP in the upcoming months, potentially ushering it to unprecedented heights.
Analysts Envision XRP's Breakout
- A technical analyst known by the moniker "U-COPY" on the social media platform X (previously Twitter) suggests that XRP may undergo substantial movement between May 15 and August.
- U-COPY highlights that XRP has been gradually ascending from its recent low at $0.46 and is edging closer to the culmination of a prolonged triangle formation, which has been consolidating since 2018#ETHETFS
SEC has given approval to the "New York Stock Exchange's #Arca Platforms" to include the Grayscale Bitcoin Mini Trust on its list of tradable assets.
#bitcoinâď¸ #SECCryptoAccounting #Bitcoin_Coneference_2024 #ETH_ETFs_Approval_Predictions
#bitcoinâď¸ #SECCryptoAccounting #Bitcoin_Coneference_2024 #ETH_ETFs_Approval_Predictions
Judge Denies SEC Attempt to Hamper Tronâs Defense Amid Dismissal Ploy !!
A New York judge has reportedly dealt the Securities and Exchange Commission (SEC) a setback in its case against Tron founder Justin Sun.
Notably, the judge denied the SECâs attempt to block one of Sunâs main arguments, which he has been using to have the case against him dismissed.
Specifically, Sun and Tronâs defendants attempted to dismiss the case by arguing that the SEC had no authority over âforeign digital asset offerings to foreign purchasers on global platforms.â
The SEC responded by claiming this was a ânew argumentâ in an Aug. 12 letter. They asked the judge to either not consider it in Sunâs motion to dismiss or force them to file a âsur-replyâ to address the new argument.
However, the New York judge sided with the defendants that no new argument had been introduced.
#JustinSun #TRONNetwork's #SECCryptoAccounting #BinanceLaunchpoolDOGS
A New York judge has reportedly dealt the Securities and Exchange Commission (SEC) a setback in its case against Tron founder Justin Sun.
Notably, the judge denied the SECâs attempt to block one of Sunâs main arguments, which he has been using to have the case against him dismissed.
Specifically, Sun and Tronâs defendants attempted to dismiss the case by arguing that the SEC had no authority over âforeign digital asset offerings to foreign purchasers on global platforms.â
The SEC responded by claiming this was a ânew argumentâ in an Aug. 12 letter. They asked the judge to either not consider it in Sunâs motion to dismiss or force them to file a âsur-replyâ to address the new argument.
However, the New York judge sided with the defendants that no new argument had been introduced.
#JustinSun #TRONNetwork's #SECCryptoAccounting #BinanceLaunchpoolDOGS
### đ¨ JUST IN: #SECCryptoAccounting Issues Statement on Ethereum ETFs â Big Day Tomorrow, Sources Say đ¨
The US Securities and Exchange Commission (SEC) has taken a significant step forward in the approval process for spot Ethereum ETFs. Here's what you need to know:
đ **Submission Deadline:** Companies issuing spot Ethereum ETFs must submit draft S-1 forms by the week's end.
đ **Milestone:** Approval of forms 19b-4 on May 23 marked a crucial milestone.
đ **S-1 Forms:** Finalization is next, but last-minute changes from the SEC delayed preparation.
đ **Feedback Loop:** The SEC will review draft S-1 filings and provide feedback, requiring further adjustments.
đ **Key Players:**
- **VanEck:** Filed a modified version of its S-1 form.
- **#BlackRock:** Detailed a $10 million funding for its #ETF on May 30.
đ **Complex Process:** Seed investment details are straightforward, but other aspects may require more time.
đ **Draft Rounds:** At least two more rounds of drafts are expected before S-1 forms are finalized.
đ **Timeline:** Analysts predict that completing S-1 forms will take several weeks, potentially extending to several months.
đ **Market Impact:** Some traders see the delay positively, allowing for thorough scrutiny and potentially contributing to a more stable market once trading begins.
*This is not investment advice.
#ETHETFsApproved #altcoins
The US Securities and Exchange Commission (SEC) has taken a significant step forward in the approval process for spot Ethereum ETFs. Here's what you need to know:
đ **Submission Deadline:** Companies issuing spot Ethereum ETFs must submit draft S-1 forms by the week's end.
đ **Milestone:** Approval of forms 19b-4 on May 23 marked a crucial milestone.
đ **S-1 Forms:** Finalization is next, but last-minute changes from the SEC delayed preparation.
đ **Feedback Loop:** The SEC will review draft S-1 filings and provide feedback, requiring further adjustments.
đ **Key Players:**
- **VanEck:** Filed a modified version of its S-1 form.
- **#BlackRock:** Detailed a $10 million funding for its #ETF on May 30.
đ **Complex Process:** Seed investment details are straightforward, but other aspects may require more time.
đ **Draft Rounds:** At least two more rounds of drafts are expected before S-1 forms are finalized.
đ **Timeline:** Analysts predict that completing S-1 forms will take several weeks, potentially extending to several months.
đ **Market Impact:** Some traders see the delay positively, allowing for thorough scrutiny and potentially contributing to a more stable market once trading begins.
*This is not investment advice.
#ETHETFsApproved #altcoins
This friday can determinate high or low đâď¸
All eyes are currently focused on the Federal Reserve as people eagerly anticipate a decision on interest rates. Analysts widely expect that the rates will remain steady for now, but there is growing speculation that we might see a reduction in rates come September.
#SECCryptoAccounting #SOFR_Spike #US_Job_Market_Slowdown #MtGoxJulyRepayments #SuperMacho
$BTC $ETH $XRP
All eyes are currently focused on the Federal Reserve as people eagerly anticipate a decision on interest rates. Analysts widely expect that the rates will remain steady for now, but there is growing speculation that we might see a reduction in rates come September.
#SECCryptoAccounting #SOFR_Spike #US_Job_Market_Slowdown #MtGoxJulyRepayments #SuperMacho
$BTC $ETH $XRP
SEC CREATES TASK FORCE TO COMBAT CRYPTO AND SECURITIES FRAUD 𤼠𤼠đ¤Ľ
SEC forms Interagency Securities Council (ISC) to fight crypto and securities fraud
Council unites over 100 agencies to enhance cooperation and information sharing
Focus on identifying new trends in scams and fraud, and preventing memecoin pump-and-dump schemes
ISC to convene quarterly, led by SEC's Division of Enforcement
SEC warns of AI-enhanced crypto scams using deepfakes and social media
Pump-and-dump schemes on the rise, especially in low-quality or speculative coins
SEC takes action to protect investors and prevent fraud in the crypto space!
$BTC $ETH $SOL
#Write2Earn! #ETH_ETF_Approval_23July #BinanceHODLerBANANA #SECCryptoAccounting
SEC forms Interagency Securities Council (ISC) to fight crypto and securities fraud
Council unites over 100 agencies to enhance cooperation and information sharing
Focus on identifying new trends in scams and fraud, and preventing memecoin pump-and-dump schemes
ISC to convene quarterly, led by SEC's Division of Enforcement
SEC warns of AI-enhanced crypto scams using deepfakes and social media
Pump-and-dump schemes on the rise, especially in low-quality or speculative coins
SEC takes action to protect investors and prevent fraud in the crypto space!
$BTC $ETH $SOL
#Write2Earn! #ETH_ETF_Approval_23July #BinanceHODLerBANANA #SECCryptoAccounting
$XRP
XRP Whales Move 230 Million Coins as Ripple vs. SEC Lawsuit Nears Conclusion
⢠XRP whales have transferred 230 million XRP, worth over $109 million, in the past 24 hours, stirring speculations about the cryptocurrency's future price movements as the Ripple vs. SEC lawsuit nears its conclusion.
⢠The lawsuit, which involves potential fines of approximately $2 billion, has seen a recent development in Judge Torres' ruling that XRP secondary sales are not considered securities, shifting the balance in Ripple's favor.
⢠While one whale dumped 30.93 million XRP to Bitstamp, another moved 200 million coins to an unknown wallet, leading to mixed sentiments in the market.
⢠XRP's price has shown a positive trend, gaining 1.39% over the past day to trade at $0.4802, supported by increased whale accumulations and the favorable legal developments.
#XrpđĽđĽ #SECCryptoAccounting #WhalesBuying
XRP Whales Move 230 Million Coins as Ripple vs. SEC Lawsuit Nears Conclusion
⢠XRP whales have transferred 230 million XRP, worth over $109 million, in the past 24 hours, stirring speculations about the cryptocurrency's future price movements as the Ripple vs. SEC lawsuit nears its conclusion.
⢠The lawsuit, which involves potential fines of approximately $2 billion, has seen a recent development in Judge Torres' ruling that XRP secondary sales are not considered securities, shifting the balance in Ripple's favor.
⢠While one whale dumped 30.93 million XRP to Bitstamp, another moved 200 million coins to an unknown wallet, leading to mixed sentiments in the market.
⢠XRP's price has shown a positive trend, gaining 1.39% over the past day to trade at $0.4802, supported by increased whale accumulations and the favorable legal developments.
#XrpđĽđĽ #SECCryptoAccounting #WhalesBuying
The SEC lawsuit against Kraken going to trial could stir things up in the crypto realm. Investors might get spooked with more regulatory oversight. It's crucial to keep an eye on how this legal battle unfolds and its impact on the crypto market. #DOGSONBINANCE #SECCryptoAccounting #BNBChainMemecoins
Big Win for Ripple: Court Declares XRP Not a Security!đ¤đĽ
In a major victory for Ripple Labs, a US court has ruled that XRP, the cryptocurrency developed by the company, is not a security. This decision is huge for the cryptocurrency industry and will have a significant impact on how digital currencies are regulated in the United States.
So, what happened? Well, the Securities and Exchange Commission (SEC) had accused Ripple of selling XRP without properly registering it as a security. But Ripple argued that XRP is actually a currency, not a security.
The court agreed with Ripple, and this ruling is a big deal. It means that XRP is now considered a currency, and that will have a ripple effect (pun intended!) on the entire cryptocurrency industry.
This decision is also important because it sets a precedent for how other digital assets will be regulated. And, as a result of the ruling, the value of XRP has already gone up by about 6%!
Ripple's legal team is thrilled, and this win will likely have a positive impact on the company's market position.
So, what does this mean for the future of cryptocurrency? Well, it's a significant step forward, and we can expect to see more developments in the coming months and years.
#XRPGoal #xrpsucess #SECCryptoAccounting #Write2Earn! #BinanceTurns7
In a major victory for Ripple Labs, a US court has ruled that XRP, the cryptocurrency developed by the company, is not a security. This decision is huge for the cryptocurrency industry and will have a significant impact on how digital currencies are regulated in the United States.
So, what happened? Well, the Securities and Exchange Commission (SEC) had accused Ripple of selling XRP without properly registering it as a security. But Ripple argued that XRP is actually a currency, not a security.
The court agreed with Ripple, and this ruling is a big deal. It means that XRP is now considered a currency, and that will have a ripple effect (pun intended!) on the entire cryptocurrency industry.
This decision is also important because it sets a precedent for how other digital assets will be regulated. And, as a result of the ruling, the value of XRP has already gone up by about 6%!
Ripple's legal team is thrilled, and this win will likely have a positive impact on the company's market position.
So, what does this mean for the future of cryptocurrency? Well, it's a significant step forward, and we can expect to see more developments in the coming months and years.
#XRPGoal #xrpsucess #SECCryptoAccounting #Write2Earn! #BinanceTurns7
BREAKING !!
Prometheum, a firm licensed by the SEC, adds $UNIÂ
đ°and $ARBÂ đ°Â to its custody list.
#SECCryptoAccounting #Uniswape #Arbitram
Prometheum, a firm licensed by the SEC, adds $UNIÂ
đ°and $ARBÂ đ°Â to its custody list.
#SECCryptoAccounting #Uniswape #Arbitram
REGULATORS DELAY DECISION ON HASHDEX CRYPTO ETF
U.S. regulators need more time to decide on listing the Hashdex Nasdaq Crypto Index ETF. The decision follows Nasdaq's June request for approval.
If approved, it would be the first U.S. ETF to offer a diversified crypto portfolio. The ETF includes Bitcoin, Ethereum, and altcoins like Chainlink.
The SEC must first approve the registration before trading can begin. A similar request to list ETH ETF options on Nasdaq is also under review.
#EthereumETFApprovalExpectations #ETHETFsApproved #SECCryptoAccounting #XRPVictory #MarketDownturn
U.S. regulators need more time to decide on listing the Hashdex Nasdaq Crypto Index ETF. The decision follows Nasdaq's June request for approval.
If approved, it would be the first U.S. ETF to offer a diversified crypto portfolio. The ETF includes Bitcoin, Ethereum, and altcoins like Chainlink.
The SEC must first approve the registration before trading can begin. A similar request to list ETH ETF options on Nasdaq is also under review.
#EthereumETFApprovalExpectations #ETHETFsApproved #SECCryptoAccounting #XRPVictory #MarketDownturn
đ¨ **Major Update: President Biden Backs SEC Chair Amid Crypto Clash in Congress!** đ¨
President Biden has firmly endorsed SEC Chairman Gary Gensler amidst congressional turmoil over cryptocurrency regulation. Despite the House's contentious vote to overturn SEC's critical crypto accounting practice, Biden stands ready to veto Joint Resolution 109 if it reaches his desk.
đ **Key Points:**
- **SAB 121 Overview:** Enforced in April 2022, SAB 121 mandates crypto custodians to account for liabilities and assets of custodied cryptocurrencies on balance sheets, aiming to enhance crypto asset security.
- **Congressional Opposition:** Spearheaded by Rep. Mike Flood, critics argue SAB 121 lacks regulatory coordination and public input, casting doubts on its validity.
- **Administration's Stance:** Biden's team asserts that limiting SEC's regulatory authority could trigger financial instability and uncertainty in the expanding crypto realm.
đ **What's Next:**
- **Senate Showdown:** The resolution progresses to the Senate, facing an uncertain fate, especially without bipartisan support.
- **Possible Veto:** With Biden's veto looming, the resolution's destiny hangs in the balance, underscoring the ongoing battle over crypto regulation.
đĄ **Implications:**
This development marks a pivotal moment in crypto regulation, highlighting the clash between innovation and oversight. As events unfold, stakeholders and regulators alike will closely monitor its impact on the crypto landscape.
#cryptoregulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay informed as we track the ramifications of this critical issue on cryptocurrency regulation. đ
President Biden has firmly endorsed SEC Chairman Gary Gensler amidst congressional turmoil over cryptocurrency regulation. Despite the House's contentious vote to overturn SEC's critical crypto accounting practice, Biden stands ready to veto Joint Resolution 109 if it reaches his desk.
đ **Key Points:**
- **SAB 121 Overview:** Enforced in April 2022, SAB 121 mandates crypto custodians to account for liabilities and assets of custodied cryptocurrencies on balance sheets, aiming to enhance crypto asset security.
- **Congressional Opposition:** Spearheaded by Rep. Mike Flood, critics argue SAB 121 lacks regulatory coordination and public input, casting doubts on its validity.
- **Administration's Stance:** Biden's team asserts that limiting SEC's regulatory authority could trigger financial instability and uncertainty in the expanding crypto realm.
đ **What's Next:**
- **Senate Showdown:** The resolution progresses to the Senate, facing an uncertain fate, especially without bipartisan support.
- **Possible Veto:** With Biden's veto looming, the resolution's destiny hangs in the balance, underscoring the ongoing battle over crypto regulation.
đĄ **Implications:**
This development marks a pivotal moment in crypto regulation, highlighting the clash between innovation and oversight. As events unfold, stakeholders and regulators alike will closely monitor its impact on the crypto landscape.
#cryptoregulation #BidenSupportsGensler #SECCryptoAccounting #HouseResolution
Stay informed as we track the ramifications of this critical issue on cryptocurrency regulation. đ
đşđ¸ ELECTIONS đşđ¸
While the USA has had its fair share of bad politics, none have compared to the last four years. đşđ¸
We can talk about the economy, but even that does not interest us that much. What does interest us is crypto and how it evolves. Whether we admit it or not, the truth is the USA has a big influence in the crypto space. đđ°
The next step in crypto remains clear: regulation. That is when the real money starts pouring in. However, the anti-crypto policies that their leadership has implemented have negatively impacted the lives of crypto projects and investors alike. đŤâ
What gives me hope is that their elections are right around the corner. With Trump being pro-crypto, I believe he has a better chance of winning, and with that, bring the bullish sentiment to an even higher level. đşđ¸đ
That is when $BTC , $ETH ,$BNB and all other altcoins will see the mega pump! đđ°
All we can do now is wait, and be ready, for when the time comes, we will be at the forefront! đŞđ
#CryptoWatchMay2024 #altcoins #BullishMay #SECCryptoAccounting
While the USA has had its fair share of bad politics, none have compared to the last four years. đşđ¸
We can talk about the economy, but even that does not interest us that much. What does interest us is crypto and how it evolves. Whether we admit it or not, the truth is the USA has a big influence in the crypto space. đđ°
The next step in crypto remains clear: regulation. That is when the real money starts pouring in. However, the anti-crypto policies that their leadership has implemented have negatively impacted the lives of crypto projects and investors alike. đŤâ
What gives me hope is that their elections are right around the corner. With Trump being pro-crypto, I believe he has a better chance of winning, and with that, bring the bullish sentiment to an even higher level. đşđ¸đ
That is when $BTC , $ETH ,$BNB and all other altcoins will see the mega pump! đđ°
All we can do now is wait, and be ready, for when the time comes, we will be at the forefront! đŞđ
#CryptoWatchMay2024 #altcoins #BullishMay #SECCryptoAccounting
$XRP The Final Countdown: XRP vs. SEC Verdict Will Rock Crypto Markets
In the realm of cryptocurrency, a legendary battle has been raging for years. The mighty Ripple Labs, creators of the XRP token, have been locked in a fierce struggle against the powerful United States Securities and Exchange Commission (SEC).
The SEC, with its mighty sword of regulation, has accused Ripple of raising $1.3 billion through an unregistered securities offering. Ripple, with its shield of decentralization, has denied the allegations, arguing that XRP is a cryptocurrency, not a security.
As the two titans clash, the crypto community holds its breath. The outcome of this epic battle will determine the fate of XRP and the future of cryptocurrencies. Will Ripple emerge victorious, or will the SEC prevail?
The story begins in 2012, when Ripple Labs created XRP as a cryptocurrency for cross-border payments. As XRP grew in popularity, the SEC took notice, and in 2020, it filed a lawsuit against Ripple. The SEC claimed that XRP was a security, and Ripple had violated securities laws by selling it to investors without registration.
Ripple refused to back down, arguing that XRP was decentralized, with a wide range of use cases beyond just fundraising. The company rallied the crypto community, and industry leaders and enthusiasts alike voiced their support.
As the battle raged on, both sides presented their cases and evidence. The SEC summoned its mighty witnesses, including experts in securities law and finance. Ripple countered with its own army of experts, including cryptographers and blockchain developers.
Now, as the verdict approaches, the crypto community is on the edge of its seat. Will Ripple's shield of decentralization hold strong, or will the SEC's sword of regulation strike down XRP?
The outcome of this battle will have far-reaching implications for the entire crypto industry. If Ripple wins, it could set a precedent for other cryptocurrencies and clarify the regulatory landscape.
#XRPPredictions #SECCryptoAccounting #prediction... $XRP #altcoins
In the realm of cryptocurrency, a legendary battle has been raging for years. The mighty Ripple Labs, creators of the XRP token, have been locked in a fierce struggle against the powerful United States Securities and Exchange Commission (SEC).
The SEC, with its mighty sword of regulation, has accused Ripple of raising $1.3 billion through an unregistered securities offering. Ripple, with its shield of decentralization, has denied the allegations, arguing that XRP is a cryptocurrency, not a security.
As the two titans clash, the crypto community holds its breath. The outcome of this epic battle will determine the fate of XRP and the future of cryptocurrencies. Will Ripple emerge victorious, or will the SEC prevail?
The story begins in 2012, when Ripple Labs created XRP as a cryptocurrency for cross-border payments. As XRP grew in popularity, the SEC took notice, and in 2020, it filed a lawsuit against Ripple. The SEC claimed that XRP was a security, and Ripple had violated securities laws by selling it to investors without registration.
Ripple refused to back down, arguing that XRP was decentralized, with a wide range of use cases beyond just fundraising. The company rallied the crypto community, and industry leaders and enthusiasts alike voiced their support.
As the battle raged on, both sides presented their cases and evidence. The SEC summoned its mighty witnesses, including experts in securities law and finance. Ripple countered with its own army of experts, including cryptographers and blockchain developers.
Now, as the verdict approaches, the crypto community is on the edge of its seat. Will Ripple's shield of decentralization hold strong, or will the SEC's sword of regulation strike down XRP?
The outcome of this battle will have far-reaching implications for the entire crypto industry. If Ripple wins, it could set a precedent for other cryptocurrencies and clarify the regulatory landscape.
#XRPPredictions #SECCryptoAccounting #prediction... $XRP #altcoins
#BecomeCretor Recent speculation suggests a potential change in leadership at the U.S. Securities and Exchange Commission (SEC), with some mentioning Sheila Warren as a possible candidate. Warren, who currently serves as the CEO of the Crypto Council for Innovation (CCI), has been a prominent voice in the cryptocurrency space, advocating for balanced regulation that fosters innovation while protecting consumers.
Her leadership at the CCI, combined with her extensive background in blockchain and digital assets, positions her as a strong contender for any future leadership roles in regulatory bodies like the SEC. Warren's approach has often focused on collaboration between industry stakeholders and regulators, emphasizing the need for clear, consistent guidelines that support growth in the crypto sector.
If she were to assume a leadership role at the SEC, it could signal a shift towards more progressive, tech-friendly policies, potentially benefiting the rapidly evolving digital asset industry. However, this is purely speculative at this point, and any actual changes in SEC leadership remain to be seen#CCI #SECCryptoAccounting .
Her leadership at the CCI, combined with her extensive background in blockchain and digital assets, positions her as a strong contender for any future leadership roles in regulatory bodies like the SEC. Warren's approach has often focused on collaboration between industry stakeholders and regulators, emphasizing the need for clear, consistent guidelines that support growth in the crypto sector.
If she were to assume a leadership role at the SEC, it could signal a shift towards more progressive, tech-friendly policies, potentially benefiting the rapidly evolving digital asset industry. However, this is purely speculative at this point, and any actual changes in SEC leadership remain to be seen#CCI #SECCryptoAccounting .
