Crypto Victory: SEC Exposed, Fed’s Future in Question, California’s Unlawful Actions

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Congress just put the SEC's bad-faith regulation of crypto in the hot seat

Here are the spiciest clips from today's hearing 🌶👇
— Bankless (@BanklessHQ) September 18, 2024

Is Ether a security? When you buy Apple stock, it means you’re expecting a profit from the managerial efforts of Apple the company. But when you buy Ether, from whose managerial efforts are you expecting a profit? pic.twitter.com/k8OnzcZplQ
— Rep. Ritchie Torres (@RepRitchie) September 18, 2024

#NEW: Chairman @PatrickMcHenry and @GOPMajorityWhip sent a letter to @SECGov Chair Gary Gensler demanding clarity on the regulatory classification of digital asset airdrops.

Read more 🔗https://t.co/sucicuPo32 pic.twitter.com/ifXqbBlmGR
— Financial Services GOP (@FinancialCmte) September 18, 2024

It's not the SEC's responsibility to create new rules or provide significant guidance on digital assets.

That’s Congress’s job.
— Chip – onthechain.io (@stephenchip) September 18, 2024

Yikes what does the border czar aka ⁦@KamalaHarris⁩ have to say about this —https://t.co/XTFYiz6zDx
— Charles Gasparino (@CGasparino) September 18, 2024

More than 40 Firms Join Central Bank Group to Explore Tokenization for Cross-Border Payments

The Bank for International Settlements launched Project Agorá in April and it brings together seven monetary authorities from the U.K., Japan, South Korea, Mexico, Switzerland, New York and Europe.

CoinDeskCamomile Shumba

Fed Rate Cut Could Crash Crypto Markets, but Era of Central Banks Is Over: Arthur Hayes

A rate cut could add to inflation and strengthen the Japanese yen, crashing markets, Hayes explained.

CoinDeskOmkar Godbole

PRESIDENT TRUMP: "Let me also deliver a message straight to Kamala Harris, the radical left Democrats politicians, and Fake News media -- It's time to stop the lies, stop the hoaxes, stop the smears, stop the lawfare and stop claiming your opponents will turn America into a… pic.twitter.com/iWnb70pyfl
— Trump War Room (@TrumpWarRoom) September 18, 2024