SEC Commissioner Says Crypto Has No Need a Special Regulatory Framework While there have been calls by the cryptocurrency community for the SEC to provide clearer regulation for the industry, one of the agency’s commissioners thinks otherwise.
Andreessen Horowitz Targets Record-Breaking Crypto Fund
Venture capital firm Andreessen Horowitz is planning to raise $4.5 billion for cryptocurrency investments. Of that sum, $3.5 billion will be allocated to its crypto venture fund, while $1 billion will be placed for a separate fund focused on seed investments. If successful, the A16Z's new fund will be the largest of its kind.
Central Bank of Russia Proposes Ban on Cryptocurrencies
In an article discussing the role of cryptocurrency in the Russian financial sector, the country's central bank proposed a ban on the use, trade and mining of these assets. It stated that cryptocurrencies are often used for criminal operations such as fraud and money laundering. As a result, the article proposes new legislation and regulations to prevent any crypto-related business in the country.
NYC Mayor to Receive First Paycheck in ETH and BTC
The Mayor's Office said Thursday that New York City Mayor Eric Adams has fulfilled his promise to receive the first paychecks in cryptocurrency. According to the statement, Adams' first paycheck, which arrived on Friday, will be converted to Bitcoin and Ethereum through an exchange before the funds become available.
SEC Rejects First Trust SkyBridge's Spot Bitcoin ETF Proposal
The US Securities and Exchange Commission has made another decision similar to previous spot Bitcoin ETF decisions. This time, the institution rejected the spot Bitcoin exchange-traded fund offer from First Trust and SkyBridge Capital.
SHIB Developers Focusing on New Token Burning Mechanisms
According to the owner of one of the enterprises that is actively burning SHIB, meme crypto developers are currently working on new mechanisms for burning Shiba Inu Tokens. Judging by the current situation, almost 110 million SHIBS were destroyed over the weekend, and the circulating supply continues to decrease.
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