Bitcoin rallied sharply on Wednesday, briefly crossing $70,000, as the US Treasury moves to improve liquidity and the SEC proposes new crypto regulations.
Author: Fahd Parihar
Fahd Parihar
A crypto news writer with nearly a decade of experience covering the crypto and blockchain ecosystems. I specialize in covering cryptocurrency markets, key ecosystem shifts, regulatory developments, and breaking news.
The SEC has proposed a new regulatory framework for certain crypto asset investment contracts, including two fundraising exemptions and a conditional safe harbor—while leaving out a hoped-for “innovation exemption.”
SafePal says a breach exposed personal order details of 39,798 users, while private keys, seed phrases, and crypto assets remain secure.
Metaplanet CEO Simon Gerovich denied the company was selling Bitcoin after a routine transfer of 5,014 BTC between custodial wallets sparked market speculation.
The CFTC will hold an Innovation Advisory Committee meeting on Aug. 20 to discuss crypto, AI, and prediction market regulation, as the CLARITY Act faces yet another delay.
The SEC has cancelled a Friday meeting on new crypto rules, delaying its anticipated “innovation exemption” for tokenized securities after White House and Wall Street raised legal and market impact concerns.
Chicago Fed President Austan Goolsbee says inflation is the biggest problem for the US, as markets weigh the odds of a potential September rate hike.
Strategy has sold 1,690 BTC for $108.6 million and repurchased $109 million of its STRC preferred stock, while also selling $653 million in MSTR shares to bolster its dollar reserve.
South Korea’s Supreme Court has proposed amendments to the Civil Execution Rules that would let creditors freeze, identify, and liquidate crypto held by debtors, including a seven-day disclosure window for exchanges.
The Clarity Act has been pushed to September after lawmakers missed the August window amid disputes over ethics provisions, stablecoin yields, illicit finance measures, and banking concerns.