American Bankers Assoc 'Helped Craft' Anti-Crypto Bill
Ireland Gives Ripple VASP License, K33 Research Positive On ETF Approvals, Lisk Becomes An Ethereum L2
Welcome to Coinfeeds Daily Digest! Senator revealed that the American Bankers Association played a significant role in crafting the recent anti-crypto bill Digital Asset Anti-Money Laundering Act, which sparked a debate on the influence of big banks in crypto. In ETF news, BlackRock made key changes to the iShares Bitcoin Trust and cleared the SEC's concerns over handling crypto as shares, with a representative stating that the debate is over. A recent analysis from K33 Research is very positive on a very near-future approval for Bitcoin ETFs, with expectations set as soon as January '24. Billionaire Mike Mike Novogratz said that institutional involvement, even small fund portions from funds going towards BTC and ETH, could create a parabolic surge for the coins.
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Senator Reveals the American Bankers Assoc 'Helped Craft' New Anti-Crypto Bill
The American Bankers Association (ABA) has been identified as a key player in the drafting of a new legislative bill aimed at the cryptocurrency sector. The bill, known as the Digital Asset Anti-Money Laundering Act, is the brainchild of Senators Roger Marshall and Elizabeth Warren. | Read More
BlackRock Clears SEC Hurdle on Shares For Bitcoin ETF: ‘Debate over’
In a strategic move, the ETF will operate on a cash-only basis. This decision aligns with the SEC’s preference for cash creation over in-kind creation. BlackRock's agreement to offer cash redemptions for its potential spot Bitcoin ETF marks the end of a significant debate over the redemption method. | Read More
Ripple Secures Irish VASP License
A VASP license allows companies to legally conduct activities related to virtual assets, such as cryptocurrencies. For Ripple, obtaining this license from the Central Bank of Ireland means that it can now facilitate the transfer of digital assets on behalf of its customers. | Read More
K33 Research: ETF Approvals Look 'Nailed On' For January
The analysts at K33 Research have highlighted that application updates from ETF filers indicate a willingness to conform to regulatory expectations, particularly by agreeing to a cash-creation setup. This setup is a pivotal factor that could lead to the approval of spot bitcoin ETFs by the January 10 deadline. | Read More
Lisk Transforms into Ethereum Layer 2
Lisk, which launched in 2016, has made the decision to migrate its operations and LSK tokens to Ethereum. This process involves utilizing Optimism's OP Stack, an open-source framework designed for creating Layer 2 chains, and Gelato's rollup-as-a-service platform. | Read More
Novogratz Says Bitcoin & Ether Could Go Parabolic From Institutional Shift
The real game-changer, according to Novogratz, would be the entry of institutional investors into the crypto space. He believes that if institutions begin allocating even a small portion, say 1%, of their portfolios to digital assets like Bitcoin and Ethereum, it could result in a supply crunch. | Read More