Supporters believe the bill will provide clarity and support for the crypto industry, but regulatory concerns could impact its approval.
SEC
The SEC expressed the need for an extended evaluation period to review the proposed rule change regarding the ether ETF.
Since last year, SEC warned against Binance for unlicenced fund solicitation on social media, advising asset transfer to other exchanges.
The hearing on Monday between Binance and the SEC brought hot debates about the definition of securities and the authority of the SEC.
Tech roundup: ElevenLabs joins unicorn club, Bitcoin dips, SEC clashes with Binance, FTX's $1bn Grayscale sale.
BlackRock's bitcoin ETF hits $1B in 4 days, marking a pivotal moment in crypto integration into traditional finance with SEC-approved ETFs.
The US Securities and SEC has given its nod to Bitcoin ETFs, marking a watershed moment in the cryptocurrency's journey.
Lower fees for Bitcoin ETFs boost SEC chances, democratise access, challenge fraud concerns, and could impact market sentiment.
Bitcoin galloped past $45,000 on Tuesday, hitting a 21-month high, but fell 5.07% to $42,689 on Wednesday, down 7% from the year's peak.
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