Cryptocurrency
The cryptocurrency market is rife with abuse and its negative impacts on investor confidence could potentially have far-reaching consequences, the SEC chief said.
Federal Reserve Vice Chairman Michael S. Barr said the Fed is "a long way" from a decision on whether it would issue a central bank digital currency.
Two House committees advanced a bill aimed at regulating digital assets, marking a historic move for crypto legislation.
Republicans in the House Financial Services Committee and House Agriculture Committee introduced a bill to clearly regulate digital assets.
While some institutions are interested in cryptocurrency, the chaos still plaguing the industry is forcing many investors to hold off, sources said.
BlackRock filed with the SEC to offer a spot bitcoin exchange-traded fund called the iShares Bitcoin Trust.
House lawmakers debated a new Republican-led bill to address digital asset regulation, with disagreement mostly falling along party lines.
ARK increased its holdings in Coinbase, betting it survives an SEC lawsuit that ultimately provides regulatory clarity for the crypto sector.
CFTC Chairman Rostin Behnam told lawmakers the agency needs legislation and sufficient funding to regulate the digital commodity market.
Lawmakers on each side of the aisle have recently put forth ideas on how best to regulate stablecoins, but finding a consensus won't be easy.
