Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Senate Banking Committee
Senator Pat Toomey Seeks Clarity From SEC Chair Gensler on Crypto Regulation
Republican Senator Pat Toomey recently issued a letter to SEC chairman Gary Gensler regarding cryptocurrency and stablecoins. He attached over 25 questions to the letter, all seeking regulatory clarity on behalf of the industry. Toomey Demands Clarity From Gensler Senator Pat Toomey sent the letter today as a follow-up to Gensler’s testimony before the Senate committee on September 14th. At the time, Senator Toomey said that businesses in the industry needed more clarity on what regulators required of them. "We…
4 years ago
US SEC’s Gary Gensler to Face the Senate Banking Committee for Crypto Regulation Discussions
The U.S. Senate expects the Securities and Exchange Commission (SEC) Chairholder, Gary Gensler, to appear before them today. According to CNBC, U.S. lawmakers will grill him over the regulation of cryptocurrencies. Moreover, the senate questions the SEC for taking a longer time than expected to endorse the monitoring of cryptos. The Senate Queries the SEC Leader's Plans Gensler will face leaders from U.S. political parties regarding Stablecoins, Bitcoin, and other digital assets. According to reports, Gensler may ask for support…
4 years ago