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- 2024-06-14
2024-06-14
Fernando Fierro
June 14, 2024
Howdy folks,
🚀📈 SEC Chair Gary Gensler has hinted that spot Ethereum ETFs might get the green light this summer. During a recent Senate hearing, Gensler suggested that the approvals could come through in the coming months, offering a potential pathway for institutional capital into Ethereum.
However, he remains non-committal on whether Ethereum is a commodity or a security, maintaining his stance that most cryptos are unregistered securities.
In other news:
🪙💬 President Biden is considering accepting Bitcoin donations for his election campaign, a surprising shift from his previously strict stance on crypto. This move follows Donald Trump's adoption of Bitcoin and other altcoins for fundraising, highlighting crypto's growing political relevance.
Critics argue Biden's approach contradicts his administration's actions against major crypto entities like Coinbase.
🇹🇼📜 Taiwan is ramping up its crypto regulations by forming a new self-regulating industry association. This body aims to create a more secure and compliant environment for crypto operations, addressing anti-money laundering concerns and ensuring better oversight.
The association's draft laws are expected to be submitted by the end of the year, marking a significant step towards a regulated crypto industry.
💰📉 Bitcoin ETFs experienced a surprising outflow of $200 million after a record-breaking inflow week.
Despite this, analysts see this as a strategic move by large investors to accumulate BTC during price dips, indicating confidence in Bitcoin's long-term value.
The rise of Bitcoin ETFs is challenging gold ETFs, though questions remain about the actual holdings of these funds.
DailyCoin Daily Meme
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