The recent decision by the US Securities and Exchange Commission (SEC) to accept a proposal allowing exceptions for certain institutions affected by Staff Accounting Bulletin No. 121 (SAB 121) has sparked a wave of debate and discussion within the crypto industry. This move marks a significant shift in how financial institutions can approach the reporting
Aayush Jindal is a luminary in the financial markets, with a career spanning over 15 years in Forex and cryptocurrency trading. His expertise in technical analysis and astute chart interpretation has made him a trusted advisor to investors worldwide. From a young age, Aayush displayed a natural aptitude for decoding complex systems and patterns, setting
Bitcoin has begun another decline from the $59,500 resistance area and is currently moving lower, creating a bearish sentiment in the market. The price is now trading below $57,500 and the 100 hourly Simple Moving Average, indicating a negative trend for the cryptocurrency. A key declining channel is forming with resistance at $58,400 on the
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
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