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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
What happened in the crypto industry last week (July 8-14)? 1/ The SEC has officially concluded its investigation into stablecoin issuer Paxos without recommending any enforcement actions. The company announced that it had successfully demonstrated compliance in its operations. Full details: https://paxos.com/blog/paxos-prevails-in-sec-investigation-of-busd-stablecoin-and-sec-will-not-pursue-enforcement-action/
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Philipp Petkevitch pfp
Philipp Petkevitch
@petkevitch
2/ The head of the CFTC stated that Bitcoin and Ethereum are commodities, not securities. This statement was supported by the 2022 Financial Stability Oversight Council report, which highlighted regulatory gaps in the "spot digital asset market" and called for resolution. Full report: https://cointelegraph.com/news/cftc-chair-bitcoin-ethereum-commodities-senate-testimony#:~:text=%D0%91%D0%B5%D1%85%D0%BD%D0%B0%D0%BC%20%D1%81%D0%BE%D1%81%D0%BB%D0%B0%D0%BB%D1%81%D1%8F%20%D0%BD%D0%B0-,%D0%BE%D1%82%D1%87%D0%B5%D1%82,-%D0%A1%D0%BE%D0%B2%D0%B5%D1%82%D0%B0%20%D0%BF%D0%BE%20%D0%BD%D0%B0%D0%B4%D0%B7%D0%BE%D1%80%D1%83
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