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In a historic move, the United States House of Representatives approved H.R.4763, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, on May 22. The bill, aimed at providing regulatory clarity for digital assets, passed with a significant majority in a 279 to 136 vote. This
The Ethereum wallet MetaMask is going to have Bitcoin compatibility soon, allowing it to extend its capabilities even further. The company hopes that by doing this, users of Bitcoin and Ethereum would be able to more easily deal with one another. The goal of this work is to provide a
Concerned that FIT 21 does not adequately safeguard investors, the White House has opposed the bill. Despite the bill’s potential to impact future crypto market laws, this step is still being made. Additionally, the statement highlights the administration’s readiness to collaborate with Congress to improve the digital assets’ legal framework.
Majuro, Marshall Islands, 22nd May 2024, Chainwire
The Shiba Inu (SHIB) cryptocurrency has recently demonstrated a change in its trading pattern, breaking through a persistent resistance level that had hindered its price growth for several weeks. This development signifies a crucial momentum shift for the digital asset, as it now aims for potentially higher targets. SHIB Breakout
Amidst fluctuations in the NEAR protocol’s valuation and significant updates to the Stellar (XLM) testnet, BlockDAG emerges as a compelling investment. As NEAR faces potential price corrections and Stellar progresses technologically, BlockDAG shines by amassing $29.8 million in its presale, with its value projected to hit $30 by 2030. At
The crypto market has shown optimistic performances this week. Bitcoin, Ethereum and other Altcoins have shown upward trends in market price. With the Bitcoin Pizza day celebrated today, the leading cryptocurrency’s prices dipped down to the $69K mark. BTC witnessed a price recovery that snowballed to new monthly highs in
In a statement issued on Wednesday, U.S. Securities and Exchange Commission Chair (SEC) Gary Gensler openly voiced his opposition to the FIT21 Act, also known as the Financial Innovation and Technology for the 21st Century Act. Gensler stated: “[FIT21] would create new regulatory gaps and undermine decades of precedent regarding
Midway through Wednesday, the spot ether exchange-traded funds (ETFs) established by ChinaAMC, a Chinese fund manager, had a daily influx of almost HK$5 million (US$640,780), a substantial increase. This comes after Tuesday’s record-breaking inflow of HK$3.77 million, the most since the ETF’s launch. Investors are speculating that comparable products might
