US

This week saw another significant decision from the SEC after the Bitcoin ETF approval in January 2024. After pushing back deadlines for months, the securities regulator has approved all spot Ethereum ETF applications. Let’s find out more about this landmark move and how it could affect the industry.  Bitcoin Ethereum’s leading wallet, MetaMask, is reportedly planning to add native Bitcoin support, potentially expanding its multi-chain capabilities and further enhancing its user offerings. Ethereum VanEck's proposed Ethereum spot ETF has been…

After major U.S. cryptocurrency legislation and the conclusion of Ripple’s legal fight with the SEC, XRP might shortly break out from its present level of $0.53. The Financial Innovation and Technology for the 21st Century Act (FIT21) seeks to establish a legal foundation for the American cryptocurrency market. The native XRP token on the XRP Ledger may shortly break out from its present level of $0.5359. This occurs as Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC)…

The post South Korea Under Pressure to Embrace Crypto ETFs After US, Hong Kong Moves appeared first on Coinpedia Fintech News The SEC’s sudden approval of Ethereum ETFs has sparked competition among global financial markets, especially regarding regulatory stances on digital assets. Excitement grew when Hong Kong welcomed ETFs, keeping the financial scene vibrant. Meanwhile, South Korea, a major player in the crypto world, is debating whether to approve these financial instruments. Here’s a deep dive into this exciting update.…

The US House has passed a bill to prohibit the creation of a government Central Bank Digital Currency (CBDC), favoring the adoption of stablecoins on public networks. Ripple Labs Inc. has filed a trademark for “RLUSD”, suggesting the launch of a new stablecoin which may align with recent legislative developments. The US House recently voted on the CBDC Anti-Surveillance State Act, introduced by Congressman Tom Emmer. This bill, identified under Union Calendar No. 409, seeks to amend the Federal Reserve…

The post Bitcoin Whales Accumulate $1.4 Billion BTC as US Congress Passes FIT21 Bill appeared first on Coinpedia Fintech News The notable cryptocurrency regulatory shift in the United States has triggered a fresh Bitcoin (BTC) bullish frenzy, largely benefiting the altcoin industry. Interestingly, several Congress members have urged US SEC Chair Gary Gensler and other commissioners to approve the spot Ethereum (ETH) ETFs on Thursday. Moreover, the US Congress almost unanimously passed the FIT21 bill that sheds clear crypto regulations…

The Financial Innovation and Technology for the 21st Century (FIT21) bill passed the US House of Representatives on Wednesday with a significant 278 to 136 majority.  In a stunning move, 71 Democrats joined the Republicans to vote ‘Yes’ on the bill, including former Speaker of the House Nancy Pelosi, Democratic Whip Katherine Clark and Chair of the House Democrats Pepe Aguilar.  US President Joe Biden has shown no inclination to Veto the bill, even though he has vocally opposed its…

The FIT21 Act, crucial for cryptocurrency regulation, has successfully passed the U.S. House with strong bipartisan support. Despite its success in the House, the future of the FIT21 Act in the Senate remains uncertain, casting shadows over the long-term regulatory landscape for cryptocurrencies like Bitcoin and XRP. The U.S. House of Representatives has recently passed the pivotal Financial Innovation and Technology for the 21st Century Act (FIT21), representing a significant legislative milestone in cryptocurrency regulation. Garnering a bipartisan vote of…

Solana may be the next cryptocurrency to receive an ETF in the U.S. The approval faces challenges due to SEC’s classification of Solana as a security and the absence of a futures ETF. Following recent predictions updated by CNF earlier this May, where Michael Saylor suggested that Ethereum could face SEC classification as a security, a similar spotlight now shines on Solana (SOLUSD). According to today’s update shared on Trading View, during the CNBC post-market talk show “Fast Money” on…

The United States House of Representatives voted 279-136 to approve the Financial Innovation and Technology for the 21st Century Act with a wave of Democratic support.  If it becomes law, the bill could have sweeping ramifications on the US regulatory landscape for digital assets, marking the crypto industry’s most significant legislative accomplishment in Congress.  House Of Representatives Approves FIT21  Looking at the numbers, 208 Republican House members voted in favor of the bill. However, the bill saw a wave of…