Haim Israel – a strategist at Bank of America – believes the metaverse will create huge opportunities for blockchain technology. It will also cause digital assets to start being used widely for financial transactions.
House Committee Has Announced Crypto CEOs Will Testify at a Dec. 8 Hearing Named "Digital Assets and the Future of Finance"
Maxine Waters, the House Committee on Financial Services chair, has announced several chief executive officers at major crypto firms in the United States will speak at a hearing to discuss digital assets and the future of finance.
SEC Chairman Gensler Calls Stablecoins 'Poker Chips'
During a conversation between Gary Gensler, Chairman of the US Securities and Exchange Commission, and former Chairman Jay Clayton, Gensler said: "The SEC wants all platforms that are lending or trading to be regulated for their decency." said. As he said earlier, "New technologies will not be permanent for a long time if they remain outside the framework of public policy."
Fidelity to Launch Spot Bitcoin ETF in Canada
Fidelity Advantage Bitcoin ETF will be among the few other spot investment products in Canada, such as the Purpose Investments fund debuted in February. Lara Crigger, Managing Editor of ETF Trends, says that an increasing number of spot Bitcoin ETFs in Canada will not change the attitude of US regulators to such products.
Bitcoin Senator Lummis Urges GOP to Block Powell Nomination Over Cryptocurrency Policies
Senator Cynthia Lummis (R-Wy) is asking her Republican colleagues to withhold support for Jay Powell's renomination as Chair of the Federal Reserve, citing what she claims is the unlawful treatment of crypto institutions in her home state.
Putin Warns Cryptocurrencies Carry Risks, Admits They May Have Future
Russian President Vladimir Putin has again spoken about cryptocurrencies, noting the “high risks” associated with virtual assets. However, the Russian leader also acknowledged that digital currencies might have a future, and it is necessary to follow their development.
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