595:Bitcoin ETFs, SEC, Coinbase, and New Global Crypto Regs

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2 years ago
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Overnighters,

Episode 595:
Bitcoin ETF Filings Fall Short
Royal Approval for Crypto Law
SEC vs Coinbase Date Set
and More

The TL;DL

SEC vs Coinbase Date Set - The SEC and Coinbase are set for a court hearing on July 13, earlier than expected due to Coinbase's unique defense strategy. The outcome could redefine the SEC's jurisdiction over cryptocurrencies.

Bitcoin ETF Filings Fall Short - The SEC has expressed dissatisfaction with recent Bitcoin ETF filings, leading to a significant drop in Bitcoin's price. Despite this, the race for a spot Bitcoin ETF continues with major players still in the game.

Royal Approval for Crypto Law - The UK's Financial Services and Markets Bill has received royal approval, bringing cryptocurrencies and stablecoins under regulatory oversight. This marks a significant step forward for the UK's crypto industry.

SK’s New Crypto Bill - South Korea has introduced a new crypto bill aimed at regulating the cryptocurrency market and protecting investors from unfair trading practices. The legislation sets penalties for illicit trading activities.

NZ Approach to Crypto Markets - The Reserve Bank of New Zealand has decided not to propose any regulatory measures for cryptocurrencies and stablecoins. Instead, the bank is advocating for increased vigilance in the sector and exploring a central bank digital currency.

Celsius to Convert Altcoins - Cryptocurrency lending platform Celsius has been given approval to liquidate its altcoins to distribute assets to its creditors. This move highlights the volatile nature of the crypto industry and the importance of regulatory oversight.

Crypto Overnighter Podcast (6/30/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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