Crypto News
Degens, Rejoice: Meme Coins Are Not Securities, Says SEC
The SEC said in a Thursday statement that it generally does not consider meme coins to be securities under its purview.Source link
House Democrats Propose MEME Act to Restrict Officials From Promoting Meme Coins
House Democrats introduced legislation to prohibit top federal officials and their families from issuing or promoting meme coins and other financial instruments, citing ethical concerns sparked by President Donald Trump’s official TRUMP cryptocurrency launch and his wife Melania’s that followed soon after. MEME Act Seeks to Ban Federal Leaders From Endorsing Cryptocurrencies The Modern EmolumentsSource link
Here’s How Mainland China Allows Chinese Traders Access to BTC
Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure.Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging.If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program, why not bitcoin? The key, one expert argued on stage at Consensus Hong Kong, is control, and Beijing may have just found a way to keep it.In China, there are two systems for mainland investors to buy and sell stock outside China. First, there’s QDII, which allows select investors to buy U.S. ETFs using RMB.Then there's also the Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect, which let...
SEC Officially Dismisses Coinbase Lawsuit Over Crypto Securities Claims
Coinbase is in the clear after the SEC followed through on its agreement and voluntarily dismissed its case against the crypto exchange.Source link
Bitcoin ETFs Have Shed More Than $2.4 Billion So Far This Week
The funds based on Bitcoin’s spot price have been shedding assets as markets shy away from crypto and other risk-on investments.Source link