Cryptocurrency industry news digest
SEC has dropped its investigation into stablecoin issuer Paxos. The regulator does not plan to initiate enforcement action in connection with the company’s participation in the Binance USD listing. “Paxos Trust Company has always maintained that its USD-backed stablecoins are not securities under federal securities laws and that the Wells Notice was unwarranted and unjustified. We are proud of our relentless advocacy for stable-value digital assets and that the SEC staff determined it will not bring enforcement action against Paxos in connection with BUSD,” Paxos said in a statement.
Chairman of US Commodity Futures Trading Commission, Rostin Banham, believes that up to 80% of digital assets are not securities, which contradicts SEC’s point of view. Banham recalled the recent court decision according to which BTC and ETH are CFTC-regulated goods. The regulator’s representative is confident that the agency should have control over the crypto sphere. “Nowhere have we been more active than in the digital asset space. In FY 2023, we brought 47 actions involving conduct related to digital commodities, representing more than 49 percent of all CFTC actions filed during that period,” Banham said.
The founders of the popular gaming project Hamster Kombat announced the second airdrop. It also became known that when creating the gaming Telegram application, the developers focused on Notcoin. “We were inspired by the success of Notcoin and the popularity of social media games in the 2010s. So we kind of took the best of both and added our philosophy of unity and a lot of educational content,,” the developers said.
The main cryptocurrency may rise in price to $100,000 by the end of this year. This statement was made by Bitwise top manager Matt Hougan. The expert believes that the growth of Bitcoin will be facilitated by the following factors: the influx of capital into the BTC-ETF, the approval of the launch of an ETF based on ether, the halving of the main crypto coin, changes related to the results of the American presidential election and a likely reduction in the Fed rate.
