The U.S. House of Representatives has passed a bill that, if signed by the Senate and President Biden, will make the rules clearer for cryptocurrencies classified as securities or commodities. The law in question will be prepared by the joint efforts of the SEC and CTFC.
A New Discovery Conference Scheduled between Ripple and the SEC
Defense lawyer James Filan has announced the next telephone conference date on his Twitter account. The conference which will take place on April 30, will be about the documents requested by the SEC from institutional regulators outside the US. The conference will be open to the public
JP Morgan Comments on Bitcoin
According to the latest report published by the strategists of the US investment bank JPMorgan, it is stated that $60 thousand level is a crossroad for Bitcoin. The report also highlights the recent decline in the institutional purchases.
$100 Million Investment by Baillie Gifford
One of the UK’s most prominent asset managers, Baillie Gifford has invested $100 million in crypto exchange and wallet provider Blockchain.com. CEO and co-founder of the popular crypto exchange has also stated that they want to go public in the following period.
Institutional Interest in XRP Increases
According to the CoinShares report, institutional investors purchased $33 million worth of XRP last week, allocating almost twice the usual XRP budget. Thus, institutional interest concentrated on the XRP side was supported by reports.
Scott Minerd Predicts a Short Term Decline
Scott Minerd, one of the Guggenheim partners, has stated that Bitcoin could see a sharp correction in the near term. Predicting a 50% drop, Minerd argued that BTC could be priced between $20,000 and $30,000.
A New ETF Application in South Africa
South African wealth management firm Sygnia is set to apply to the Johannesburg Stock Exchange to list a new cryptocurrency exchange traded fund (ETF). The company, whose previous application was rejected, has stated that they are conducting a more comprehensive study this time.
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