U.S. President Biden Vetoes Resolution Overturning SEC Guidance
U.S President Joe Biden signed a veto of a House Joint Resolution that would have repealed the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121.Source
Archive for month: May, 2024
Wall Street Asks Biden Not to Veto Congress’ Rejection of SEC Crypto Policy
In a rare lobbying overlap with crypto world, Wall Street banks and members of Congress are asking President Joe Biden to reverse course on his vow to veto the U.S. congressional resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) crypto accounting policy.Source
Uniswap Postpones Protocol Upgrade Vote; UNI Tumbles 9%
The “fee-switch” vote was supposed to take place today.Source
U.S. Sen. Wyden: House ‘Right’ to Pursue Crypto Bill, Late in Session for More Progress
AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who’ve shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience at CoinDesk’s Consensus 2024 that the momentum will continue next year in Washington.Source
Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst
The price action has been highly muted this week after plenty of volatility surrounding the previous week’s surprising regulatory turnaround for the spot ether ETFs.Source
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
Measures have been taken to prevent further unauthorized outflows, the exchange said.Source
Bybit Confirms Executive Shake Up After Notcoin Deposit Delays
Cryptocurrency exchange Bybit has confirmed reports that several executives have “changed roles” after a botched notcoin (NOT) launch resulted in $23 million in compensation being sent to 320,000 users.Source
Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.Source
First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source