Bitcoin and ethereum rally on proposed crypto legislation

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Commodities Futures Trading Commission News

Financial Innovation And Technology,Regulatory Framework,Jennifer Schonberger

Bitcoin (BTC-USD) and ethereum (ETH-USD) are rallying this week as investors are optimistic about a new regulatory framework and approval for an ether ETF...

) are rallying this week as investors are optimistic about a new regulatory framework and approval for an ether ETF that could boost the industry. Yahoo Finance reporterThe House is set to vote today for the first time on crypto legislation known as the Financial Innovation and Technology for the 21st Century Act, or FIT21. This act would make the Commodities Futures Trading Commission the leading regulator of digital assets and establish consumer protections.

Today, the House set to vote for the very first time on comprehensive crypto legislation called the Financial Innovation and Technology for the 21st Century Act or as it's known for short fit 21. In a rare rebuke sec chair, Gary Ginzler put out a lengthy statement this morning on the legislation saying, quote, it would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors in capital markets at a measurable risk.

Trump lashes out after DOJ reveals classified documents were found in ex-president’s bedroom at Mar-a-Lago Jasmine Crockett shared an image of a t-shirt featuring her now-viral comment about Ms Greene: ‘Bleach blond bad built butch body’ATLANTA — Fulton County District Attorney Fani Willis, the Georgia prosecutor who brought a sprawling racketeering case against former President Donald Trump and others, has won the Democratic primary in her bid for reelection.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stablecoin issuers will be 'top 10 Treasury buyers': AnalystAs interest in bitcoin (BTC-USD) and Ethereum (ETH-USD) investing grows, so do complications surrounding cryptocurrency's regulation. Pomp Investments...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bitcoin has 'perfect correlation' with ETF flows: StrategistBitcoin's (BTC-USD) halving, a once-every-four-year event that divides the rewards for mining bitcoin and limits the number of bitcoin in circulation...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ethereum ETH upgrade debate: How will EIP 3074 impact ETH’s future?Developers had mixed opinions about EIP 3074 during Ethereum's recent developers call. How will ETH react to this?
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin: Here’s how long you should wait for BTC’s rally to $71KSeveral speculated a fresh bull rally for Bitcoin [BTC] as its price gained upward momentum since the 3rd of May
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin miners refuse to sell: A strategy to uphold BTC prices?Despite market volatility, Bitcoin miners persist in holding onto their BTC. Will BTC miners help Bitcoin see green?
Source: CryptoAmb - 🏆 22. / 68 Read more »