BTC Slides as U.S. Government-Linked Selling Pressure Looms
Bitcoin has inched toward $66,000, paring all gains from last week, with sentiment dented as …
XRP déjà vu: Is another 60,000% price surge on the horizon?
XRP’s monthly volatility has plunged to its lowest levels ever, approaching the range that preceded …
Bank of England (BOE) Says It Wants to Carry Out a Series of WCBDC, DLT and Stablecoin Experiments
The bank said it will work with the Treasury, Payments Systems Regulator and the Financial …
Bitcoin’s {{BTC}} Near Term Price Could be Tied to the Outcome of the U.S. Election: Jefferies
With multiple politicians, both Republican and Democrat, and former president Donald Trump in attendance at …
The Next Dogecoin? Kabuso’s Owner New Shiba Inu Dog Ends Up in NEIRO Memecoin Drama
Hundreds of Neiro, or Neiro-themed tokens, were issued on Solana token generator Pump Fun, with …
Microsoft investors’ fears escalate over AI’s slow payoff
Microsoft investors are increasingly anxious about the slow financial returns from its significant investments in …
SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL, MATIC) in Binance Case
Third-party tokens are digital assets issued by various companies apart from Binance, that were listed …
Bitcoin (BTC) Drops to $66K Amid Silk Road Coins Movement. What Next for BTC Prices?
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NFT Artists Sue SEC Over Securities Classification
According to Odaily, two NFT artists have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding the classification of NFTs as securities and the agency's jurisdiction over them. Law professor Brian Frye and Jonathan Mann, known for his 'Song a Day Mann' series, initiated the legal action on Monday in the U.S. District Court for the Eastern District of Louisiana against the SEC and its five commissioners. The artists' attorneys accuse the SEC of launching a 'jurisdictional grab' and argue that categorizing NFTs as securities is absurd, using Taylor Swift concert tickets as an example to illustrate their point. The lawsuit also references two recent cases the SEC has brought against NFTs.
US Senate Delays Vote On Cryptocurrency Regulation Bill
According to Odaily, the United States Senate has postponed the vote on a cryptocurrency regulation bill this week. The bill may be revisited when lawmakers return to Washington in September. Senate Agriculture Committee Chair, Michigan Democrat Senator Debbie Stabenow, has been working on the bill and planned to hold a markup hearing on Wednesday. However, she did not secure the support of the committee's top Republican, Arkansas Senator John Boozman.Cody Carbone, Chief Policy Officer of the Digital Chamber, stated in a release, 'As industry leaders and committee members continue to provide feedback to Senator Stabenow's team, the bill has undergone multiple iterations. It appears that the review of the bill will be delayed until after the August recess to achieve more consensus. Senator Stabenow continues to engage with stakeholders to solicit feedback, which is positive.A statement from Stabenow's office, obtained by Politico reporters, indicated that she is collaborating with the Senate Banking Committee to draft the bill and emphasized the need for a Republican senator to 'step up.'