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Brave Spirit
@bravespirit
Avalon Labs plans to file with the SEC to create a bitcoin-backed debt fund According to Foresight News, Avalon Labs is actively exploring filing with the U.S. Securities and Exchange Commission (SEC) for the first bitcoin-backed debt fund. The initiative aims to increase the compliance and availability of bitcoin financial products. Avalon Labs believes that this move can lower the barriers to entry of bitcoin financial Avalon Labs co-founder Avalon Labs successfully issued a dollar-denominated debt fund in 2021, which received SEC approval. Since then, the company has been exploring the feasibility of crypto companies issuing listed funds. Avalon Labs plans to work with leading U.S. law firms to evaluate the fund's regulatory framework and prepare the necessary application materials. If successful, this fund could be a significant milestone for Bitcoin financial products entering traditional capital markets, further advancing the development of crypto-assets within a regulatory compliance framework.
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Lama Pink
@pink-llama
I wonder how far this will go 🥜 🥜 🥜
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Brave Spirit
@bravespirit
all this will help push the cryptocurrency higher and higher. now we need positive news and it’s starting as we go👍
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Lama Pink
@pink-llama
392 $degen great if that's the case. time to fly already🚀
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