irisdrewson

@irisdrewson

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The legal ecosystem surrounding crypto assets in the US has “clearly changed” with the new presidential administration and “common sense prevailing in the US approach to crypto policy,” the Uphold CEO said.

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“Back then, Uphold announced that it ‘can’t ignore the recent SEC guidance on staking’ and was thus preemptively ending its staking services,” McLoughlin stated.

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Industry outrage over alleged debanking reached a crescendo when a June 2024 lawsuit spearheaded by Coinbase resulted in the release of letters showing US banking regulators asked certain financial institutions to “pause” crypto banking activities.

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Allaire’s comments come shortly after US representatives French Hill and Bryan Steil introduced a draft bill that would establish a regulatory framework for dollar-pegged payment stablecoins in the world’s largest economy.

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The truth is, LIBRA is far from an isolated incident. It shines a light on a much larger issue within the memecoin space: a market full of scams, insider trading and unfair advantages. Whether it’s through carefully coordinated promotions or strategically timed market moves, the deck is stacked against retail investors.

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https://warpcast.com/danaver94/0xee7adf18

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According to Panetta, the crypto ecosystem is under global regulatory scrutiny due to risks including money laundering and financial stability concerns.

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Despite the criticisms, MELANIA and TRUMP have attracted trader attention like few tokens ever have, with the pair now having a total combined market cap of over $16 billion.

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Ryan Selkis, a Trump backer and the former CEO of crypto research firm Messari, recommended the president-elect “fire” whoever launched the MELANIA memecoin, claiming they “don’t know what they’re doing” and don’t have Trump’s best interests in mind.

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Of the approximately 400 new ETFs launched in 2024, the four biggest launches by inflows have all been spot BTC ETFs, Geraci said in September.

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Bitcoin has dominated the ETF landscape this year, accounting for six of the top 10 most successful launches in 2024, Nate Geraci, president of The ETF Store, said in an X post.

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On Nov. 21, US Bitcoin ETFs broke $100 billion in net assets for the first time, according to data from Bloomberg Intelligence.

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The crypto market surged following Donald Trump’s victory in the US presidential election, as many believe his win will benefit the industry, Cointelegraph Research said.

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Bitcoin ETFs were listed in the US in January after a lengthy tussle with regulators.

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Grayscale’s GBTC charges management fees of 2.5%. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Its management fees are 0.15% annually.

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This figure factors in more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC), which the asset manager launched in 2013, initially as a non-listed trust.

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Overall, United States Bitcoin ETFs saw more than $35 billion in aggregate net inflows for the year. That equates to roughly $144 million in net inflows each trading day, according to Farside.

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“Fidelity is a closer second here, 44% of Blackrock’s total, compared to 31% in Bitcoin,” Farside said.

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Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.

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Abrahamyan noted that regulatory oversight enhances consumer confidence, even if it seems at odds with the decentralization narrative. “Trust comes with the assurance that funds are safe,” he explained.

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