EddieJayonCrypto
24 May 24
• The SEC has approved eight applications for spot Ethereum ETFs, allowing Ethereum trading on Wall Street and marking a significant shift in crypto regulation.• The House of Representatives passed the FIT21 bill, defining criteria for cryptocurrencies to be classified as digital asset commodities u...
• The SEC has approved eight applications for spot Ethereum ETFs, allowing Ethereum trading on Wall Street and marking a significant shift in crypto regulation.• The House of Representatives passed the FIT21 bill, defining criteria for cryptocurrencies to be classified as digital asset commodities under the CFTC.• Coinbase reopened XRP trading for New York users amid the ongoing Ripple-SEC legal battle, signaling a shift in stance towards XRP.• President Biden has until June 3 to decide on vetoing H.J. Res 109, which seeks to repeal SEC's SAB 121 impacting crypto custodial services.• Coinbase launched Avalanche (AVAX) staking with an APY of 4.47%, enhancing its staking offerings despite regulatory challenges.• Metaplanet, a Japanese firm, saw its shares surge 158% due to its Bitcoin accumulation strategy, leading to a trading halt.• Wells Fargo faces a class-action lawsuit for allegedly seizing funds from a customer's account without authorization.• VanEck released an ad celebrating the SEC's approval of its Ether ETF, highlighting Ethereum's recognition as a commodity.• Bloomberg analyst James Seyffart suggested high demand for a potential Solana ETF following Ethereum's ETF approval.• The SEC's approval of Ethereum ETFs may complicate the regulatory landscape for other cryptocurrencies due to classification inconsistencies.• Jay Clayton: the 401K is not enough! ~Get the book!Crytpo Foundations for Building Multi-Generational Wealthhttps://www.amazon.com/Crypto-Foundations-Building-Multi-Generational-Wealth/dp/1733097422Join this channel to get access to perks:https://www.youtube.com/channel/UC3tSBR3SIcHPE-Rpy1Ek3Rw/joinJoin Grow My Bag social media:https://growmybag.tv/sign-up🚨 Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by Grow My Bag. Grow My Bag may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.