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The U.S. Commodity Futures Trading Commission has commenced a civil action in federal court against Trevor Vernon and Argent Capital Management LLC. According to regulators, the defendants operated an illegal commodity pool engaged in the trading of cryptocurrencies, futures, and options. As mentioned in the complaint, nearly 60 individuals have
Read full articleThe impending crypto legislation could redefine U.S. regulatory dynamics, potentially boosting market confidence and Bitcoin's valuation. The post CFTC Chair Selig: Congress close to passing crypto legislation appeared first on Crypto Briefing.
The Fed's hawkish shift signals potential tightening, impacting market stability and increasing uncertainty for risk assets like cryptocurrencies. The post Federal Reserve officials discuss case for interest rate hike but keep rates on hold appeared first on Crypto Briefing.
The post CFTC Chair Says Clarity Act Is ‘So Close’ As Deadline Nears appeared on BitcoinEthereumNews.com. Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. “We’re so close. We have to get this done,” Selig told Fox Business host Maria Bartiromo. Some analysts give the measure even odds of passage before the August 7 recess. The bill would divide oversight of digital assets between the CFTC and the Securities and Exchange Commission, a split the industry has sought for years. The House passed the legislation last summer. The Senate has yet to hold a floor vote. Selig, a Trump appointee confirmed in December, backed the Clarity Act effort as a matter of national competitiveness. He backed the effort as a matter of national competitiveness. “It’s critical that we have a federal standard for crypto assets,” he said, pointing to a patchwork of state l
The Clarity Act's potential passage could redefine crypto regulation, shifting oversight dynamics and boosting market confidence in regulatory stability. The post CFTC Chair: Clarity Act nearing passage, crucial for crypto regulation appeared first on Crypto Briefing.
Rising oil prices could exacerbate inflation, complicating central bank policies and impacting risk assets like cryptocurrencies negatively. The post Brent crude surges above $80 after US strikes on Iran, dragging crypto markets lower appeared first on Crypto Briefing.
The post Altcoin Market Reaches Extreme Underperformance, 40% of Coins Trade Near Their ATL appeared on BitcoinEthereumNews.com. One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily. The bear cycle is heavily affecting altcoins as expected. With bitcoin (BTC) struggling to remain above $60,000, this group of cryptocurrencies is having it worse. A report from the market analysis platform CryptoQuant revealed that about 40% of altcoins are currently trading around their all-time low (ATL). This dynamic reflects an extreme level of underperformance among most projects. Altcoins in Extreme Underperformance According to CryptoQuant analyst Darkfost, the extreme underperformance of altcoins reflects the harsh reality facing projects that chose to launch tokens. The analyst said he initially built the Percentage of Altcoins Near ATL chart to visualize coins trading below 25% of their all-time low, only
One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily.
The US's decision against a CBDC under Trump strengthens private stablecoins, impacting global digital currency dynamics and regulatory approaches. The post CFTC chairman confirms the US will not pursue a CBDC under Trump appeared first on Crypto Briefing.
