The Messari CEO called the regulator an illegal entity and its chairman a "corrupt and counterproductive feckless official."
The company has already announced the severance of all contacts with the SEC and is preparing its own package of proposals for cryptocurrency regulation in the US.
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ETF market analyst from #Bloomberg, Eric Balchunas, reported that the #SEC has sent a request to #ETH-ETF issuers to submit final application forms, including fee details.
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π Weekly news #CryptoDigest:
πͺ BTC.D (Bitcoin Dominance over altcoins) β 56.60%
π§ Fear and Greed Index β 74
πΊπΈ July 31 9:00 PM USD β Fed Interest Rate decision. Forecast β 5.50%; previous number β 5.50%.
πΊπΈ August 2 3:30 PM USD β Unemployment rate (June). Forecast β 4.1%; previous number β 4.1%.
πͺ #Solana has surpassed #BNB in market capitalization, and the price of #SOL is preparing to reach $200.
πͺ A new bill has been introduced requiring the US Federal Reserve to hold #BTC as a strategic reserve asset.
π At #Bitcoin2024, Donald Trump gave a speech promising to fire the head of the #SEC and stated that the US will become the world leader in the crypto industry.
β
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The 19b-4 proposals submitted by Cboe BZX from potential #Solana ETF issuers have been rejected by the #SEC. The agency reminded that it still considers Solana a security.
Apparently, Tyler Winklevoss β co-founder of Gemini β was not without reason when he called on over 50 million U.S. crypto investors to put pressure on Kamala Harris to fire the SEC chair and end the "war on cryptocurrency"
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Options traders on #Bitcoin are mainly betting on the coinβs price rising to $80,000 after November 8 β the conclusion of the elections and the Federal Reserve meeting, where the new rate is expected to be announced.
The market estimates Donald Trumpβs victory at 63.5% and the probability of a rate cut at 87%. Both of these events carry bullish potential for cryptocurrencies. Additionally, the possible resignation of Gary Gensler β the head of the #SEC, whose stance on digital assets is considered ineffective not only by industry representatives but even by the U.S. Congress β adds to the positive sentiment.
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