SEC drastically reduces KYC pressure on Bitcoin, XRP, and Solana with revamped crypto rules
SEC redefines crypto landscape with new taxonomy, setting boundaries and granting room for privacy innovation.
Happy Thursday!
The SEC is shaking up crypto's future with revamped rules easing KYC burdens on Bitcoin, XRP, and Solana, a bold reclassification of most tokens as "digital commodities" after years of battles, and new boundaries for privacy innovation, while banks teeter on the edge of a 2008-style crisis after funneling $1.3 trillion (equivalent to 18 million BTC) into shadowy nonbank lenders. Dive into the full stories below.
The global crypto market cap is $2.38 trillion, with a 24-hour volume of $109.74 billion. The price of Bitcoin is $68,829.85, and BTC market dominance is 58.2%. The price of Ethereum is $2,103.35, and ETH market dominance is 10.7%. The best-performing sector is DuckSTARTER, which gained 1%. The Crypto Fear & Greed Index is currently Extreme Fear (23).
📰 Top News
SEC drastically reduces KYC pressure on Bitcoin, XRP, and Solana with revamped crypto rules
SEC redefines crypto landscape with new taxonomy, setting boundaries and granting room for privacy innovation.
Banks risk another 2008 crisis after moving the equivalent of 18 million BTC into shadow lenders
Banks shifted $1.3 trillion into nonbanks after 2008 and that’s where the next scare could start
SEC makes huge U-turn, declares crypto tokens are ‘digital commodities’ after years of legal battles
A token can exit securities status when issuer promises end, but only if the original sale was registered or exempt.
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