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The SEC sued Binance and Coinbase this week, presenting the industry with both further analysis on why it thinks certain cryptocurrencies are securities and its biggest test to how cryptos may be regulated in the U.S. going forward.
Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity.
BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto.
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.
A California judge backtracked on a tentative ruling to dismiss the allegations against the reality TV star after receiving a more detailed complaint.
The issuer of USDC received in-principle approval in November last year.
Congressmen Brad Sherman and Stephen Lynch called the industry "a major source of tax evasion" in a letter asking for the prompt release of proposed regulations on reporting requirements.
EU officials are hoping to tempt crypto innovators as exchange platforms Binance and Coinbase complain of regulation by enforcement in the U.S.
- 14:59Santiment: Since the approval of the spot Ethereum ETF, most investors have withdrawn their ETH from exchangesGolden Finance reported that according to the analysis of the on-chain data analysis platform Santimen, since the rumors about the US SEC reconsidering the rejection of the spot Ethereum ETF began on May 20, the supply of Ethereum held by entities with a balance of 10 million to 100 million ETH has increased by about 0.5%. After the spot Ethereum ETF was officially approved by the US SEC on May 2, this number continued to grow. On the contrary, during the rise in ETH prices, the supply of ETH held by entities with a balance of 1 million to 10 million ETH has dropped sharply, indicating profit-taking in the market. This trend shows that most investors are withdrawing their ETH holdings from cryptocurrency exchanges, which is also a sign of strengthening sentiment for holding ETH, which in turn increases the possibility that ETH will continue to rise above $4,000 in June.
- 14:44PENDLE, RNDT, and PEPE rank at the top of Smart Money 24-hour inflow listGolden Finance reported that Nansen data showed that Smart Money's 24-hour Ethereum network capital inflow tracking list is as follows: PENDLE: about 639,000 US dollars, currently at 6.17 US dollars, down 2.1% in 24 hours; RNDT: about 266,000 US dollars, currently at 0.206 US dollars, down 0.23% in 24 hours; PEPE: about 232,000 US dollars, currently at 0.0000153 US dollars, down 0.97% in 24 hours.
- 14:44DEGEN breaks through $0.02According to Golden Finance, the market shows that DEGEN has broken through $0.02 and is now at $0.02398, a 24-hour increase of 9.7%. The market is volatile, so please do a good job of risk control.
