US Senate overturns SEC’s anti-crypto rule
The SEC's Notice (Staff Accounting Bulletin 121) was recently overturned by senate. SAB 121 forced corporations to declare their crypto asset holdings on their own balance sheets, preventing custodians and firms from holding crypto assets on behalf of consumers. The senave overturned that rule by a 60-38 majority vote.
US Politicians are realizing the influence of Crypto Voters
Recently the US Senate repealed SEC's anti-crypto rule SAB-121. The majority believes that SAB-121 is not a guidance, and therefore not subject to notice. Even the Democrats voted in favor of rejecting Gary Gensler's idea, which means that US politics is aware of the crypto wave in the election.
OTHER NEWS
CRYPTO BUSINESS v POLITICS
BYBIT France in hot water
The French Financial Market Authority (AMF) is going to take action against BYBIT, which is the third largest offshore exchange. No, I am not saying that BYBIT is unsafe, I am saying that French authorities are unsafe, Crypto industry is unsafe in France.
BITCOIN
Andrew Tate to leave Fiat for Bitcoin?
Andrew Tate has announced that he is going to leave Fiat completely, and before this he will invest $100 million in Bitcoin. I do not understand his plan, because, even if he buys essential items from merchants who accept BTC, he will do more to earn. Will he really use fiat?
BITCOIN v ETHEREUM
Bitcoin is Bullriding but Ethereum is attacked by Bear
Bulls and bears are having their own influence in the Cryptoverse. At the moment, while the bulls are dominating the Bitcoin kingdom, the bears are found to be dominating the Ethereum kingdom. The value of Bitcoin has registered a gain of more than 4%, while the value of Ethereum has fall.
US POLITICS
Legislature to end FED
US Congressman Thomas Massie introduces legislation to end the Federal Reserve. They cannot end Bitcoin, but they are in power to end FED. This means Bitcoin will fix FED.
