EddieJayonCrypto
11 Oct 24
• TD Bank, the 10th largest U.S. bank, has agreed to pay a $3 billion fine in a historic admission of guilt after being implicated in a scandal where criminals dumped large amounts of cash onto bank counters.• The Digital Chamber of Commerce applauds the introduction of a new stablecoin bill that ai...
• TD Bank, the 10th largest U.S. bank, has agreed to pay a $3 billion fine in a historic admission of guilt after being implicated in a scandal where criminals dumped large amounts of cash onto bank counters.• The Digital Chamber of Commerce applauds the introduction of a new stablecoin bill that aims to create clear regulatory frameworks amid the SEC’s ongoing crackdown on cryptocurrencies, signaling progress for stablecoin regulations.• The U.S. IRS faces a new lawsuit challenging its tax policy on crypto staking rewards, arguing that taxation on unrealized staking gains is unfair and stifles innovation.• Nearly 50% of traditional hedge funds are now exposed to crypto assets, according to a new report, reflecting growing adoption as regulatory clarity improves.• Ripple Labs files a cross-appeal in its ongoing legal battle with the SEC, seeking more favorable rulings after the partial victory in its initial case.• Crypto ETFs remain popular, with nearly 50% of U.S. investors planning to buy into them, driven by the growing interest in crypto-based financial products.• Fidelity is rumored to be exploring blockchain with the launch of a new money market fund, marking its potential entry into decentralized finance.• Bitnomial sues the SEC over XRP futures, claiming that the CFTC should be the primary regulator for crypto derivatives, raising questions about jurisdiction.• The SEC sues Cumberland for operating as an unregistered securities dealer, intensifying the regulatory scrutiny on major crypto firms.• MetaPlanet scoops up $6.5 million in Bitcoin during October, doubling down on its Bitcoin holdings as part of its continued investment spree.~Get the Grow My Bag Crypto Tracker! - https://growmybag.tv/Crypto-TrackerGet the book!Crypto 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.