The SEC has offered not to regulate stablecoins, and the Squid Game token is up more than 3000% in 24 hours
US Securities and Exchange Commission proposed not regulating the stablecoin market
Several US congressmen sent a letter to the SEC with a proposal to free the accounts that hold digital assets and the stablecoin market from regulation. According to politicians, such a measure will make the regulation of the cryptoindustry more transparent and understandable. In addition, the initiative aims to support the development of innovation in the United States.
Congressmen noted that accounts for holding digital currencies and stablecoins may be offered by financial institutions and trust companies. Similar products are available from money transfer companies.
At the same time, in the above cases, the legislation defines the minimum capital requirements and also sets the investment limit. Congressmen are skeptical that stablecoin projects and crypto-savings account holders need federal regulation.
The price of a token based on the Squid Game show has grown by more than 3000% in 24 hours
The cost of the SQUID crypto coin, based on the popular TV series Squid Game, has grown by 3380% in 24 hours. As of October 29, according to Coinmarketcap, the token price reached $5.65 and the trading volume increased to $7.8 million.
However, some Squid Game owners have complained about the difficulty of selling a token on the PancakeSwap decentralized crypto platform. At the same time, it is known that the creators of the project have thought out an anti-dumping mechanism, according to which the owners of SQUID cannot sell it under certain conditions.
In November, an online tournament starts, consisting of six rounds, similar to the plot of the series. Holders of Squid Game tokens and tokens issued by the developers of the NFT project will be able to take part in it.
Prestigious American business school will accept tuition fees in cryptocurrency
The Wharton School of Business at the University of Pennsylvania launches the Blockchain and Digital Asset Economics online program. The program will start in January next year and will be taught at the Institute for Advanced Studies at the Business School in partnership with the Prysm Group.
The course is aimed at training top managers of companies and entrepreneurs in understanding crypto technologies and their practical use in business. In addition to the standard payment for the program in US dollars, payments will be accepted in bitcoins and ether. The cost of training will be $3,800.
“We designed this program for business professionals and executives from a range of backgrounds, including traditional finance, management, and tech. Blockchain and digital assets are not going away. We hope to equip business leaders, consultants, and entrepreneurs to identify the value drivers of these innovative technologies and to give them the practical understanding to build solutions,” said academic director of the Wharton Program, Professor Kevin Werbach.
