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Cryptocurrency market

SEC Chair Gary Gensler has said that some of the major crypto exchanges “are likely trading securities” and thus need to register with the SEC. “When a new technology comes along,” Gensler said, “our existing laws don’t just go away who is favored to win the colts game.” Gensler has also urged more enforcement of stablecoins and other crypto tokens.

This case could help resolve a key question underlying several ongoing SEC enforcement actions against major crypto exchanges: whether secondary market transactions in digital assets on trading platforms constitute securities transactions subject to SEC oversight. A ruling that such transactions fall outside the SEC’s authority could undermine the agency’s enforcement strategy against these platforms. On the other hand, a decision upholding the SEC’s interpretation could strengthen the agency’s positions in these enforcement actions and potentially impact other trading platforms currently operating in the United States.

The five cases examined above will help define the coming shift in digital asset litigation under the new Trump administration. While the Second Circuit’s consideration of Ripple Labs and Coinbase will determine whether the manner of sale creates meaningful distinctions under Howey, the industry-led cases signal an equally important development: the emergence of coordinated challenges to agency authority. The Blockchain Association’s challenge to Treasury’s broker regulations, Bitnomial’s challenge to the SEC’s claim of authority over CFTC-regulated futures products, and 18 states’ defense of their regulatory frameworks collectively represent sophisticated attempts to define and limit federal oversight of digital assets.

The states detail how they have developed specific regulatory frameworks for crypto businesses, including licensing requirements and consumer protection measures. Under the SEC’s interpretation that most digital asset transactions constitute securities transactions, platforms facilitating these transactions would be required to register as securities exchanges, brokers or dealers. The states argue that this interpretation would effectively nullify their respective regulatory regimes, as the Exchange Act prohibits states from imposing certain requirements — including licensing and bonding requirements — on entities that qualify as securities brokers or dealers. For example, states such as Kentucky have issued guidance stating that transmitters of digital assets are money transmitters under state law. Still, this classification would be preempted if these entities must register with the SEC as securities intermediaries.

Cryptocurrency news

Mainnets like Ethereum’s aren’t suitable for major (AAA) game development. The only real solution is a horizontally scalable blockchain coupled with modularity and a gas-free experience for end-users, says Jack O’Holleran, CEO of SKALE Labs.

Our Crypto news provides comprehensive updates on various aspects of the cryptocurrency and blockchain ecosystem. It includes real-time price movements and market analysis for major cryptocurrencies like Bitcoin and Ethereum, detailing their performance trends and trading volumes. Regulatory developments are also highlighted, covering new laws, enforcement actions, and legal issues impacting the industry, both domestically and internationally. Additionally, news often focuses on technological advancements, such as upgrades to blockchain networks, new cryptocurrency launches, and innovations in decentralized finance (DeFi) and non-fungible tokens (NFTs). This coverage helps investors and enthusiasts stay informed about the dynamic and rapidly evolving world of digital assets.

Bitcoin’s price saw a 3% uptick, climbing to just shy of $30,000 in response to a plunge in global long-dated government bond yields. This fall in yields was triggered by China’s far weaker than anticipated trade numbers for July. The U.S. 10-year Treasury yield tumbled below the 4% mark. These macroeconomic shifts have seemingly buoyed the crypto market, with other notable cryptocurrencies like Solana (SOL), Toncoin (TON), and Chainlink (LINK) registering gains of over 4% at the time of writing.

Cryptocurrency bitcoin price

Bitcoin introduced a type of currency (called cryptocurrency) that can be created and tracked on a public ledger (called blockchain), and which is not controlled by any central authority like a company or a country. Unlike with traditional currencies, everyone who can contribute the computational power needed to maintain this network will keep a record of every single Bitcoin transaction. In return, these participants will be able to gain Bitcoin by mining, which is the process of validating transactions being added to the ledger by solving complex puzzles. This is called the proof of work (PoW) consensus algorithm.

Bitcoin is stored in Bitcoin Wallets. These can be software applications, or physical hardware wallets. In each case, the wallets are cryptographically secured, and to send ‘bitcoins’ or ‘BTC,’ users need to have access to a passphrase called a ‘private key’.

The cryptocurrency market as a whole is not only based on Bitcoin’s fundamental idea of peer-to-peer transactions without the involvement of a trusted intermediary, but also remains very correlated to the price of BTC as a monetary unit.

Cryptocurrency

Many cryptocurrency projects are untested, and blockchain technology in general has yet to gain wide adoption. If the underlying idea behind cryptocurrency does not reach its potential, long-term investors may never see the returns they hoped for.

It’s essentially a decentralized network, also called a distributed-ledger technology (DLT). This means there is no single authority serving as a gatekeeper or facilitator for the transactions taking place within the network.

In communities that have been underserved by the traditional financial system, some people see cryptocurrencies as a promising foothold. Pew Research Center data from 2021 found that Asian, Black and Hispanic people “are more likely than White adults to say they have ever invested in, traded or used a cryptocurrency

Cryptocurrency networks display a lack of regulation that has been criticized as enabling criminals who seek to evade taxes and launder money. Money laundering issues are also present in regular bank transfers, however with bank-to-bank wire transfers for instance, the account holder must at least provide a proven identity.

Many banks do not offer virtual currency services themselves and can refuse to do business with virtual currency companies. In 2014, Gareth Murphy, a senior banking officer, suggested that the widespread adoption of cryptocurrencies may lead to too much money being obfuscated, blinding economists who would use such information to better steer the economy. While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen. One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.