The US House of Representatives recently fell short in their attempt to overturn President Joe Biden’s veto and rescind SEC Staff Accounting Bulletin 121. Despite 228 House members voting in favor of HJ Res. 109 to end SAB 121, the resolution did not receive the necessary two-thirds majority to counter the presidential veto. A notable
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Judge Katherine Polk Failla recently criticized Coinbase’s attempt to subpoena SEC chair Gary Gensler in the ongoing case against the firm. The criticism came during a July 11 hearing, where Failla raised concerns regarding Coinbase’s request for Gensler’s statements before he became SEC chair in 2021. During the hearing, Failla pointed out that Coinbase’s request
The recent conclusion of the US Securities and Exchange Commission (SEC) investigation into stablecoin issuer Paxos has brought relief to the company and raised questions about the regulator’s enforcement actions. The investigation, which began over a year ago with a Wells notice, was centered around the Binance USD (BUSD) stablecoin. The SEC initially suggested a
Bitcoin (BTC) has recently broken above its bearish trendline, showing significant bullish momentum. This shift in market sentiment has sparked optimism among traders and investors regarding the digital asset’s potential to sustain its momentum and reach the $60,152 mark. As of the time of writing, Bitcoin has a market capitalization exceeding $1.1 trillion and a
Aayush Jindal, a prominent figure in the financial markets, has been navigating the realms of Forex and cryptocurrency trading for over 15 years. Renowned for his expertise in technical analysis, Aayush has earned a reputation as a trusted advisor and senior market expert, guiding investors worldwide with his insightful chart analysis and keen market insights.
Ethereum’s price has been showing signs of a potential bullish momentum, as it is currently trading above the $3,050 level and the 100-hourly Simple Moving Average. The recent break above a short-term bullish flag with resistance near $3,090 on the hourly chart of ETH/USD signals a positive trend. Moreover, the pair even spiked above the
The recent Senate Agriculture Committee hearing on digital commodities oversight shed light on the Commodity Futures Trading Commission’s (CFTC) willingness to take on a more prominent role in regulating the crypto market. CFTC chair Rostin Behnam expressed openness to the idea of serving as the primary regulator for digital assets, signaling a potential shift in
The recent announcement of the co-founding of the Blockchain Security Standards Council (BSSC) by Kraken, along with other major industry players, demonstrates a concerted effort to enhance security within the crypto sector. By collaborating with Anchorage Digital, Coinbase, Fireblocks, and other key companies, the nonprofit organization aims to create uniform security standards to address pressing
The crypto market is abuzz with predictions of Bitcoin (BTC) surging to $100,000 in the near future. One crypto analyst, known as ‘DonAlt,’ has expressed optimism about Bitcoin’s potential for a mega rally. With the increasing inflows into Spot Bitcoin ETFs and forecasts of an impending bull run, the $100,000 price target for Bitcoin seems
The Markets in Crypto-Assets (MiCA) regulation introduced by the EU has had a significant impact on the digital asset market, not only affecting companies within the EU but also global firms involved in Euro transactions. One of the most noticeable effects of this regulation is the decrease in new exchange listings. According to data from