Crypto influencing politics, ETH ETF Approval
Hello and welcome back to another crypto news round-up by Coinigy!
Yesterday we remembered all our fallen heroes.
The proof of their sacrifice is the freedom we now enjoy.
Just like the sacrifice our blockchain heroes have made for our freedom…
Top of my list include:
Satoshi - for giving us financial freedom through Bitcoin
Elon - for freedom of speech by “liberating Twitter”
And the list goes on.
Who’s on top of your Memorial Day list?
Anyway, here are the top stories making the round:
- FIT21 crypto bill passes US House
- US SEC approves exchange applications to list spot ether ETFs
- Crypto’s ‘huge moment’ scrambling US politics
- Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
FIT21 crypto bill passes US House
A bill clarifying the United States securities and commodities regulator’s roles in policing crypto is headed to an unknown future as it makes its way to the Senate before going to President Joe Biden’s desk. The Republican Party-led Financial Innovation and Technology for the 21st Century Act (FIT21), or H.R. 4763, passed a vote in the U.S. House of Representatives on May 22, with 71 Democratic Party representatives and 208 Republicans in favor to 136 against.
US SEC approves exchange applications to list spot ether ETFs
The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year.
Crypto’s ‘huge moment’ scrambling US politics
Cryptocurrency is used by a fraction of the American electorate. But it’s starting to have an outsized impact on U.S. politics and policy. The crypto industry won several eye-catching victories this month that showcased its growing influence on the levers of power in Washington — something that’s poised to expand as it prepares to spend more than $80 million on the 2024 elections.
Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
Cryptocurrency exchange Kraken has “no plans” to delist Tether (USDT) in Europe at the moment, despite a recent report claiming the firm was “actively reviewing” the decision to remain legally compliant.
Other Highlights Worth Mentioning
Sam Bankman-Fried Moved to Oklahoma Jail Despite Judge’s Request - Bloomberg
Bybit CEO refutes insolvency rumors, shares proof-of-reserves - Cointelegraph
Abu Dhabi bans cryptocurrency mining on farms; violators face fines of up to $2,722 - Binance
Memecoins dominate crypto open interest charts taking 4 out of top 10 spots - Cointelegraph