In a recent Squawk Box episode, Senator Pat Toomey called crypto a "really important and innovative new category of finance" and urged the SEC to explain what criteria they use to apply the securities law to cryptocurrencies so that certain regulatory laws can be created.
Ray Dalio: If Bitcoin Succeeds, Regulators and Governments Will Try to Destroy It
Ray Dalio says that if the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will try to stop its progress. At the same time, he believes that most major countries, such as China and India, are trying to do this.
Fidelity Meets SEC About BTC ETF
Fidelity executives, including Fidelity Digital Assets chairman Tom Jessop, met with regulatory officials in a video call on September 8, according to documents from the SEC. In their presentation, the executives explained why the regulator should approve the proposed product.
SEC and Ripple: The Reason Why Ether Is Held Differently from XRP
In a recent tweet, Fox Business' Charles Gasparino claims that sources at the US Securities and Exchange Commission said to him that the reason why Ether is not considered a commodity by the regulator is the built-in infrastructure of the blockchain.
EU to Invest $177 Billion in Blockchain and Other Innovative Technologies
According to Bloomberg, EU officials plan to fund investment in areas such as blockchain, data infrastructure, 5G, and quantum computing, among others.
Sotheby's Will Accept Bitcoin or Ether for $6 Million Diamond Necklace
Sotheby's is auctioning off a diamond necklace designed by iconic jeweler Harry Winston. A prospective buyer will be able to pay with Bitcoin, Ether or USD Coin.
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