US

The post FIT21 Act Passes House: A Milestone for US Digital Asset Regulation appeared first on Coinpedia Fintech News The United States House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with substantial bipartisan support. This crucial legislation aims to provide regulatory clarity and consumer protection for the fast-growing digital asset market in the United States. Bipartisan Support for FIT21 FIT21 passes the House 279 – 136 House Democrats voting in favor of this…

The post U.S. Biden Administration Seeks Revisions to FIT 21 Bill for Better Consumer Protection, Says It Won’t Veto appeared first on Coinpedia Fintech News The Biden administration has officially stated its opposition to the Financial Innovation Transparency (FIT) 21 bill in its present form, citing significant concerns over the lack of adequate protections for consumers and investors. Despite this opposition, the administration has expressed a willingness to collaborate with Congress to achieve a more balanced and comprehensive regulatory framework…

Bitcoin trading during US market hours has surged to unprecedented levels, accounting for 46% of this year’s cumulative volume from January to April. This increase in trading activity is closely linked to the January launch of spot-Bitcoin exchange-traded funds (ETFs). US Dominates Bitcoin Trading, Asia Lags Behind Kaiko Research highlights that the volume of Bitcoin trading spikes at the beginning and close of US trading hours. This pattern correlates with the calculation of net asset values for the ETFs at…

Billionaire Frank McCourt is among the parties who have put in a bid for TikTok in the US, and there are reports that he could decentralize the social media giant on Polkadot. McCourt is an outspoken critic of Big Tech and has been calling for users to own their data for years, lending credence to the reports about a big shift in TikTok America’s model. The future of TikTok in the US could be decentralized, and Polkadot is leading the…

The SEC must approve both the 19b-4 filings and the S-1 registration statements for spot Ethereum ETFs to commence trading on stock exchanges. The S-1 form is the initial registration document that discloses detailed information about the new securities being offered to the public. The financial market is on edge as the SEC’s decision on spot Ethereum ETFs is set to be announced. The decision will be a significant milestone in the integration of digital assets with traditional financial markets,…

Crypto groups mount pressure on US presidential candidates in a level that has never been witnessed before. Former president Donald Trump gives a thumb up for crypto as he softens his stance to win the support of enthusiasts.  Crypto takes center stage in the US election as various presidential candidates declare their position in a bid to appeal to majority of the voters. Recently, the Biden administration declared in a statement that they would veto any legislation that allows banks…

The US Dollar dominance is under threat as the BRICS discuss the creation of an independent payment system and de-dollarization.  According to the Rich Dad Poor Dad author, Robert Kiyosaki, it is safer to buy Bitcoin, gold or silver to escape from the potential hyperinflation that could arise from the de-dollarization.  BRICS’ long-term decision to implement a geopolitical game-changer through the launch of a decentralized financial system to end the dominance of the US Dollar catches the attention of the…

The post US Crypto Miners Eye Middle East Amid Regulatory Crackdown appeared first on Coinpedia Fintech News The persistent regulatory crackdown in the US on crypto businesses might drive miners away as they now eye the Middle East as the next region for growth. The Biden administration’s proposed 30% tax on electricity use for digital asset mining operations could devastate the industry in the US, raising concerns among crypto miners. The CEO of an Oman crypto mining firm claims that,…

The post US Crypto Market Awaits FIT21 Bill’s Final Vote Next Week: What to Expect? appeared first on Coinpedia Fintech News House lawmakers are set to vote on the Republican-led Financial Innovation and Technology for the 21st Century Act (FIT21). Major crypto exchanges like Gemini, Kraken, and Coinbase, alongside firms such as Andreessen Horowitz and Digital Currency Group, have expressed support for the bill. This vote marks a crucial moment for the crypto market, as it heads toward achieving regulatory…