1 year ago
Financial megalith Blackrock’s bitcoin exchange-traded money (ETF) exertion has present been accepted by the U.S. Securities and Exchange Commission, and added to the regulator’s docket. In related news, a erstwhile authoritative from the SEC has said the caller ruling connected XRP from the SEC v. Ripple lawsuit “resides connected shaky ground” and is apt to beryllium reversed. This and overmuch much conscionable below, successful the latest Bitcoin.com News Week successful Review.
SEC Accepts Blackrock’s Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has accepted the exertion for a bitcoin exchange-traded money (ETF) filed by plus manager Blackrock. The determination indicates the regulator is preparing to earnestly see a bitcoin ETF and could yet acceptable the signifier for wider adoption of crypto assets and products.
Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t past forever.” While recognizing the planetary de-dollarization trend, helium expressed skepticism astir the Chinese yuan’s quality to regenerate the U.S. dollar arsenic the world’s ascendant currency.
Former SEC Official Warns of Reversal successful SEC v Ripple Ruling connected XRP — Says ‘the Decision Resides connected Shaky Ground’
The U.S. Securities and Exchange Commission’s erstwhile caput of net enforcement has warned that the ruling connected the SEC v. Ripple lawsuit “resides connected shaky ground” and volition apt beryllium reversed. “The Ripple determination grants to the organization capitalist afloat SEC extortion … However, the retail capitalist is not granted immoderate SEC extortion astatine all. This seems backwards to accidental the least,” helium stressed.
Economist Sounds Alarm connected US Dollar Losing Reserve Currency Status
An economist with the Heritage Foundation has warned astir the imaginable calamity of the U.S. dollar losing its reserve currency status. He stressed that “The Biden medication has taken truthful galore actions to dethrone King Dollar that it would beryllium hard to fertile them each by their destructiveness.”
What are your thoughts connected this week’s developments successful crypto and finance? Let america cognize successful the comments conception below.
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