⚡LATEST CRYPTO NEWS:
- US Securities and Exchange Commission (SEC) has accused Los Angeles-based media and entertainment company Impact Theory of conducting unregistered crypto asset securities offerings in the form of NFTs. Impact Theory raised approximately $30 million in the offering from numerous investors, including those in the United States. The SEC states that the NFTs sold as "Founder's Keys" are investment contracts and therefore securities, and as such, Impact Theory has violated federal securities laws by offering and selling these crypto asset securities to the public without registration or exemption from registration.
- Chairman of the U.S. House of Representatives Financial Services Committee, Patrick McHenry, joined by Subcommittee Chairmen French Hill and Bill Huizenga, sent a letter to Federal Reserve Chairman Powell. The letter expressed their concern that recent regulatory letters from the Federal Reserve regarding stablecoins could undermine congressional progress in establishing a regulatory framework for payment stablecoins. They also argued that the new activity supervision program appears to place an additional burden on banks participating in crypto assets and grants the Federal Reserve Board increased authority to reject activities related to such assets.
- US Securities and Exchange Commission (SEC) is expected to respond to Bitcoin ETF filings from Bitwise, BlackRock, VanEck, WisdomTree, and Invesco before the Labor Day weekend. Bloomberg Intelligence anticipates that regulators can either reject, approve, or delay these applications. Bitwise's application is set for consideration on September 1, with the other companies' applications due the following day. The crypto community eagerly awaits the SEC's decisions as the journey to a potential Bitcoin ETF continues.
- StarkNet's STRK Token Set for Launch, Offering Governance, Staking, and Gas Fee Payment Utility
