# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval

# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval

“# SEC registrants seek DeFi and physically-backed Bitcoin ETF approval ” Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission (SEC) seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi). An Atlanta-based investment company, Invesco joined New York’s Galaxy Digital Funds…

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# HSBC CEO backs CBDCs against crypto and stablecoins

# HSBC CEO backs CBDCs against crypto and stablecoins

“# HSBC CEO backs CBDCs against crypto and stablecoins ” HSBC, the largest European bank with total assets of $3 trillion, maintains a skeptical stance on cryptocurrency while promoting the central bank digital currency (CBDC) development. HSBC Group CEO Noel Quinn penned an article, New forms of digital money could spur growth, outlining the firm’s commitment…

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# CFTC commissioner: agency doesn’t have enforcement resources without Congress

# CFTC commissioner: agency doesn’t have enforcement resources without Congress

“# CFTC commissioner: agency doesn’t have enforcement resources without Congress ” Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need additional resources to handle the cash market for crypto assets. Speaking at the…

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# SEC chair compares stablecoins to casino poker chips

# SEC chair compares stablecoins to casino poker chips

“# SEC chair compares stablecoins to casino poker chips ” U.S. Securities and Commission, or SEC, chair Gary Gensler has doubled down on his “Wild West” analogy for cryptocurrencies, calling stablecoins instruments for gambling at old-timey casinos.  Speaking to Washington Post columnist David Ignatius on Tuesday, Gensler said most projects in the crypto space dealt…

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# US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks

# US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks

“# US Treasury Dept sanctions crypto OTC broker Suex for alleged role in facilitating transactions for ransomware attacks ” The United States Department of the Treasury has announced it will impose sanctions on Czech Republic and Russia-based business Suex OTC for allegedly allowing hackers to access cryptocurrency sent as payment for ransomware attacks. In a…

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