The deadline approaches for a major Biden decision on Monday. The repeal of SAB-121 which basically banned banks from letting customers store their crypto in their own bank accounts. Could Elizabeth Warren lose her election race against John Deaton? #siamstr
A recent report reveals Biden seeks to understand the “crypto community and policy moving forward.” This move reflects a significant shift from his previous stance. Meanwhile, Cathie Wood hints Solana ETF would be most likely next. #siamstr
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A U.S. federal judge has ordered the Securities and Exchange Commission (SEC) to pay about $1.8 million in legal fees to Debt Box. This ruling has major implications for the SEC. The agency, responsible for enforcing securities laws and market integrity, faces a serious setback. Meanwhile, BlackRock's Bitcoin ETF now holds more BTC than its rival, the longstanding Grayscale Bitcoin Trust. #siamstr
U.S. trading on Tuesday moved to a shorter settlement cycle for securities transactions, putting investors and regulators on alert for increased trade failures and other hiccups in the world’s largest financial market over the coming days. Meanwhile, Live Nation Entertainment Inc. (NYSE: LYV), the parent company of Ticketmaster, plummeted Wednesday following news that the U.S. Department of Justice (DOJ) is filing an antitrust lawsuit against the company. Taylor Swift has remained suspiciously quiet. #siamstr
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In a surprising move, the US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) with a decisive 279 to 136 vote. This bill is a big win for the crypto industry, aiming to create much-needed rules for digital assets in the US. #siamstr
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SEC Chair Gary Gensler says he strongly opposes the Financial Innovation and Technology for the 21st Century Act (FIT21), citing major concerns about investor protection and market integrity. President Biden has also signaled opposition but stopped short of threatening a veto.
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