5 months ago
Why Senator Lummis believes Bitcoin is America's Economic Savior
Senator Cynthia Lummis emphasizes the growing importance of Bitcoin and cryptocurrencies to the US economy, as well as the most recent crypto-friendly policies.
Lummis and other politicians are actively advising the Senate on virtual assets, resulting in significant legislative moves like as the #FIT21 crypto bill.
#cryptocurrencies , particularly #bitcoin and #Ethereum , have emerged as important economic topics and are a major issue in Washington.
Both Donald #Trump and Joe Biden support cryptocurrency integration, emphasizing its importance in the next 2024 elections and future financial policy.
Senator Cynthia Lummis emphasizes the growing importance of Bitcoin and cryptocurrencies to the US economy, as well as the most recent crypto-friendly policies.
Lummis and other politicians are actively advising the Senate on virtual assets, resulting in significant legislative moves like as the #FIT21 crypto bill.
#cryptocurrencies , particularly #bitcoin and #Ethereum , have emerged as important economic topics and are a major issue in Washington.
Both Donald #Trump and Joe Biden support cryptocurrency integration, emphasizing its importance in the next 2024 elections and future financial policy.
5 months ago
What Happened in Crypto in the Last 12h…?
Price of $ETH holds above $3,700, still buoyed by ETF approval expectations this week.
- $BTC hovers around $70,000 after impressive inflows to spot #bitcoin ETFs - $306 million on May 21st.
VanEck’s spot #Ethereum ETF vehicle receives listing on DTCC.
Ethereum co-founder Joe Lubin predicts a surge in demand for $ETH, potentially causing a supply crunch in liquid markets.
5 US asset managers have now amended their 19B-4 forms for spot Ethereum ETFs, as requested by the SEC.
Multiple high-profile crypto companies and exchanges join forces to launch ‘Tech Against Scams’ coalition to fight against fraud and online scams.
Hong Kong authorities reportedly order Worldcoin to halt operations in the jurisdiction.
SEC Chair Gary Gensler slams pro-crypto FIT21 legislation - claims it weakens securities laws and puts investors at risk.
Price of $ETH holds above $3,700, still buoyed by ETF approval expectations this week.
- $BTC hovers around $70,000 after impressive inflows to spot #bitcoin ETFs - $306 million on May 21st.
VanEck’s spot #Ethereum ETF vehicle receives listing on DTCC.
Ethereum co-founder Joe Lubin predicts a surge in demand for $ETH, potentially causing a supply crunch in liquid markets.
5 US asset managers have now amended their 19B-4 forms for spot Ethereum ETFs, as requested by the SEC.
Multiple high-profile crypto companies and exchanges join forces to launch ‘Tech Against Scams’ coalition to fight against fraud and online scams.
Hong Kong authorities reportedly order Worldcoin to halt operations in the jurisdiction.
SEC Chair Gary Gensler slams pro-crypto FIT21 legislation - claims it weakens securities laws and puts investors at risk.
5 months ago
ETHEREUM SOARS 18% TO ABOVE $3,700: POSSIBLE FACTORS
- Ethereum's price surged 18%, reaching above $3,700.
- Speculation about the approval of spot Ether exchange-traded funds (ETFs) appears to be driving this spike. This follows months of pessimism within the market.
Key Developments:
- Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that the U.S. Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. This prompted them to raise their approval odds from 25% to 75%.
- On Polymarket, a decentralized betting platform, the odds for an approved spot Ether ETF jumped from 11% to 54%.
- Balchunas noted that the SEC might be facing political pressure. The SEC's previous stance showed little engagement with ETF applicants.
- The SEC is reportedly asking exchanges like NYSE and Nasdaq to update their filings. However, there’s no official confirmation from the regulator.
Legislative Landscape:
- The U.S. House of Representatives is considering two pro-crypto bills: the Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act (H.R. 4763 and H.R. 5403).
- Democrat leaders did not urge members to vote against these bills, which is seen as a positive signal for the industry, according to recent reports.
- The U.S. crypto industry and lobbyists back FIT21, with 60 companies urging the House to pass it in a May 16 letter.
- Ethereum's price surged 18%, reaching above $3,700.
- Speculation about the approval of spot Ether exchange-traded funds (ETFs) appears to be driving this spike. This follows months of pessimism within the market.
Key Developments:
- Bloomberg ETF analysts Eric Balchunas and James Seyffart reported that the U.S. Securities and Exchange Commission (SEC) is urging applicants to expedite their 19b-4 filings. This prompted them to raise their approval odds from 25% to 75%.
- On Polymarket, a decentralized betting platform, the odds for an approved spot Ether ETF jumped from 11% to 54%.
- Balchunas noted that the SEC might be facing political pressure. The SEC's previous stance showed little engagement with ETF applicants.
- The SEC is reportedly asking exchanges like NYSE and Nasdaq to update their filings. However, there’s no official confirmation from the regulator.
Legislative Landscape:
- The U.S. House of Representatives is considering two pro-crypto bills: the Financial Innovation and Technology for the 21st Century (FIT21) Act and the CBDC Anti-Surveillance State Act (H.R. 4763 and H.R. 5403).
- Democrat leaders did not urge members to vote against these bills, which is seen as a positive signal for the industry, according to recent reports.
- The U.S. crypto industry and lobbyists back FIT21, with 60 companies urging the House to pass it in a May 16 letter.
