Blockchain-focused asset manager DigitalX has secured regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), marking the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).
Scheduled to list under the ticker BTXX on July 12 at 10 am local time, the DigitalX Bitcoin ETF’s approval was announced in a July 8 post on X by the firm.
Describing the approval as a “watershed moment,” DigitalX CEO Lisa Wade stated, “The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure.”
DigitalX’s chair Toby Hicks added, “It is exciting to see the growth and development of the digital assets markets reflected in this approval” in Australia.
To bring this product to market, DigitalX has partnered with K2 Asset Management, which will act as the responsible entity and issuer of the spot Bitcoin ETF.
Additionally, DigitalX will collaborate with 3iQ, a cryptocurrency-focused investment firm, to promote and distribute the product both in Australia and internationally.
This development follows closely behind the ASX’s approval of VanEck’s spot Bitcoin ETF on June 15, which began trading on June 20.
The VanEck Bitcoin ETF (VBTC) recorded $1.3 million in trading volume on its first day, significantly lower than the $450 million daily average seen by the nine U.S.-based spot Bitcoin ETFs during their initial 10 trading days.
In a related note, Australian fund manager Betashares is also pursuing a Bitcoin ETF on the ASX, according to an April report from Bloomberg.
The DigitalX Bitcoin ETF aims to capitalize on the increasing interest in digital assets, offering a regulated avenue for investors to gain exposure to Bitcoin.
As the second Bitcoin ETF on the ASX, BTXX is poised to attract both local and international investors looking to diversify their portfolios with digital currencies.
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EOS Network has announced the launch of its 250M EOS staking rewards program as part of the network’s revamped tokenomics plan.
As part of this newly unveiled staking rewards program, 85.6K EOS is distributed daily to Stakers, with over 31 million EOS tokens set to be distributed over the next year.
Early Stakers will benefit from an initial APY of up to 60%. Users can begin participating in the 250M Staking program at stake.eosnetwork.com.
Furthermore, the lock up period for staking has increased from four to 21 days, and EOS Block Producers (BPs) will start receiving network generated fees (in addition to their block reward income) as an extra incentive.
EOS Network said that the “updated EOS staking program is designed to provide sustainable rewards for participants and support ecosystem growth.”
Dogecoin [DOGE], known for its quirky origins, experienced a significant downturn of 15.55% over the last 24 hours, according to CoinMarketCap.
This decline was emphasized by the Relative Strength Index (RSI), which dropped well below the neutral level into the oversold zone.
In the unpredictable world of cryptocurrencies, extreme RSI levels often signal a potential rebound.
Sumit Kapoor, founder of WiseAdviceSumit, noted, “Bullish recovery soon.”
Until the 3rd of July, the MACD indicator suggested bullish sentiment, but on the 4th of July, bearish forces gained momentum, highlighting DOGE’s ongoing market volatility.
Despite this downturn, billionaire entrepreneur Elon Musk stated in a recent interview, “I intend to personally support Dogecoin.”
His comments have given hope to investors worried about DOGE’s declining price. Musk also claimed in a separate interview, “Dogecoin is better suited for transactions as compared to Bitcoin.”
AMBCrypto analyzed data from IntoTheBlock, revealing that Dogecoin bulls outnumbered bears at press time, suggesting a potential shift in sentiment.
In contrast, Bitcoin [BTC] showed a more bearish outlook, with bear activity surpassing that of the bulls. Both Bitcoin and Dogecoin serve as benchmarks for the broader crypto market.
READ MORE: Analyst Urges Calm Amid Government Bitcoin Sell-Offs, Highlights Minimal Market Impact
A decline in Bitcoin typically triggers a market-wide downturn, and similarly, when Dogecoin falls, the entire memecoin segment follows suit.
This pattern underscores the significant influence these top coins have on market trends and investor behavior.
As of the latest update, Bitcoin was trading at $54,000, marking a 4.72% decline in the past 24 hours.
Consequently, the global crypto market cap decreased by 6.91%, now standing at $1.99 trillion.
Dogecoin, meanwhile, was trading at $0.09551, experiencing a significant 15.55% drop within the same timeframe.
The memecoin market cap was at $38.1 billion, reflecting a substantial 20.1% decline in the last 24 hours, as per CoinGecko.
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The crypto world is abuzz with the recent listing of Notcoin on May 16, 2024. The digital asset has captured the attention of many investors worldwide before and during its listing. As the excitement surrounding Notcoin continues to mount, exploring all the opportunities it presents is essential. Discover NOT and learn how to maximize your earnings with this burgeoning currency.
What is Notcoin: Coin or Not?
Originally, Notcoin was a Telegram-based clicker game created by Open Builders. It has captured the attention of over 35 million enthusiasts. What was the primary motivation to play it? Every click on a gold coin brought players more and more NOT coins. In simple words, anyone could mine tokens by tapping on the screen. Moreover, the game included global leaderboards with various tiers, the ability to gather in squads, and many boosts or perks. This brilliant idea showed an alternative to the expensive mining process and unlocked a new era in the whole crypto industry.
Notcoin was recently launched on The Open Network (TON). It has become a meme coin, a tradable asset that has settled a price of ~$0.007 per token as of May 17, 2024. Although the mining phase has ended, it’s expected to return soon. Anyway, the most crucial thing is how Notcoin will show itself on the crypto market, where it will be listed, and how many investors will support the project in the long term.
What’s Special About Notcoin?
What sets NOT apart from its peers is the ease of obtaining it and the incredible response from its loyal community. This token has helped many enthusiasts dive into cryptocurrency to make quick and easy money. Notcoin allowed beginners to start small and build their trading experience for future achievements. Moreover, this token represented itself through tap gameplay and opened up a new approach to receiving cryptocurrency via the Telegram messenger. Hence, Notcoin has gained a reputation among millions of enthusiasts.
Why Do So Many Leading Platforms List NOT coin?
Notcoin is a phenomenon and one of the main trends of 2024. The decision of leading platforms to list Notcoin speaks volumes about its intrinsic value and prospects. Exchanges prioritize tokens with robust fundamentals, loyal communities, and unique utilities. Thus, the NOT’s listing makes this mutual partnership profitable for both sides. The exchange that adds hype to Noicoin gets many active users. At the same time, the token increases its area of distribution and recognition.
Where is Notcoin listed? The token has been added to the top exchanges, such as Binance, Bybit, OKX, etc. Therefore, you can search for a suitable platform and use a new trading asset to meet your needs.
5 Ways to Start Earning with Notcoin Right Now
- Trading Notcoin: the token is now available for trading on leading decentralized exchanges like Binance. Surely, trading on DEXs or CEXs is a more standard way. If you’re keen on purchasing NOT coin and maximizing it through various crypto and entertainment features simultaneously, iGaming platforms are worth a closer look. The BetFury platform, with its own ecosystem of crypto-earning products, was the 1st platform to list NOT in the iGaming industry. You may quickly get Notcoin via BetFury’s crypto exchange and use it to earn more income through the special features on the platform.
- Holding Notcoin: Notcoin holding is an excellent opportunity for users to accumulate assets for future use. NOT holding provides a secure and reliable means for individuals to build wealth over time as the token has a great potential to value growth, strong team, tokenomics, and trusted partnerships.
- Staking Notcoin with up to 150% APR: crypto staking remains the most well-known tool for passive income. Every NOT owner can get attractive rewards and contribute to the token’s ecosystem. BetFury has launched an exclusive staking pool for Notcoin providers with up to 150% APR. It’s a time-limited offer to benefit from NOT coin with profitable rewards. Over 700 000 NOT coins are staked by users to the Notcoin staking pool:
👉 https://betfury.com/crypto-staking
In addition to the Notcoin Staking pool, this platform offers TON Staking with up to 140% APR and USDT staking with up to 130% APR. Therefore, that’s a great chance to gain NOT and other crypto this beneficial offer is valid for 30 days only at BetFury.
- Providing Liquidity to NOT Trading Pools: Numerous trading pools emerged along with Notcoin’s listing on the leading crypto exchanges. If you become a liquidity provider, you will earn a share of the transaction fees as a reward. The most popular automated market maker (AMM) for this purpose is V3. The exchanges with AMM V3 are more advanced and allow liquidity providers to concentrate liquidity on a chosen price range. You can allocate your Notcoin to a specific position, optimizing your potential earnings. Moreover, V3 enables you to independently manage income from multiple positions, offering greater flexibility.
- Playing Crypto Games with Notcoin: rooted in gaming and memes, Notcoin continues to thrive in the entertainment sector. Many iGaming platforms offer thousands of games and betting options with Notcoin, providing ample opportunities to have fun and multiply your crypto assets like BCGame, BetFury, Stake, and RollBit. It’s important to note that entering an iGaming platform for the first time gets you special bonuses for registration, which can be simply applied to grasp winnings via games.
For instance, If you’re a new user at BetFury, you get an exclusive bonus for registration. The first 100 users to register on BetFury and enter the promo code NOTCOIN by June 24th will receive 500 BFG on their bonus balance. Make an x40 wager playing on the platform to claim your registration bonus and get a chance to win crypto while reaching the wager. Also, newbies on BetFury can get a Welcome Pack with up to a $10,500 (590%) deposit bonus and 225 free spins.
Which Factors to Consider Investing in Notcoin?
Investing, staking, or trading cryptocurrency can be risky. To avoid or minimize them, consider the following points:
- Do your own research: find helpful information from official resources and analyze it to understand the ongoing tendencies of NOT better and improve your earning methods.
- Stop-loss: prioritize effective money management techniques to mitigate potential losses and safeguard your investments.
- News Tracking: follow the public pages of Notcoin on social networks, and read various articles on trusted media platforms to stay up to date with the latest news.
- Ensure Security: check for security audits proving the platform’s trust and install the necessary security measures for funds on the platform where you get income.
About the Future of NOT Coin
Due to the specialties described above, Notcoin has captured the attention of millions. However, each token experiences ups and downs during its development and sustainability journey. The price volatility of altcoins is affected by both the project and the market. It is impossible to precisely predict the price for the next three months or even a year. However, the token has prominent potential given the current achievements of NOT and users’ interest. If Notcoin maintains high-quality tokenomics distribution, regulates market circulation, creates favorable market conditions, and offers utility for holders, the token will be unlimited in its further growth. Presently, the token shows positive growth dynamics, but its future behavior depends on complex factors. Regardless of the future of this asset, make your own decisions and prioritize your safety.
Conclusion
Notcoin emerges as a beacon of innovation and potential in the crypto space. Whether through trading, staking, investment, or gaming, embracing the opportunities the token presents today could soon lead to significant rewards. As NOT continues to make waves, staying informed and actively participating in its ecosystem will be critical to unlocking its full potential.
Bitcoin mining difficulty saw a significant drop of over 5% on July 5, reaching a quarterly low of 79.50 terahashes per second (TH/s).
This reduction was the most substantial since March, when it briefly dipped below 80 TH/s. After spiking between March and May to an all-time high of 88.10 TH/s, the difficulty gradually settled to its current level at the time of this writing.
Bitcoin mining difficulty is quantified by hashrate, representing the number of attempts a mining machine makes to solve the cryptographic puzzle required to unlock a Bitcoin.
Hashrate updates occur every 2,016 blocks, approximately every two weeks. Generally, Bitcoin’s hashrate has increased monthly, with few exceptions.
In 2014, the hashrate was around 1.1 gigahashes per second, allowing most desktop PCs to mine Bitcoin.
As hashrate increases, more powerful and energy-efficient mining rigs are needed for profitability.
By the end of 2017, as Bitcoin adoption surged, the hashrate crossed the terahash threshold for the first time. As of July 6, 2024, the hashrate stands at 79.5 TH/s, awaiting the next difficulty adjustment.
Under the current difficulty of 79.5 TH/s, F2Pool, a prominent mining pool, suggests that an ASIC rig with an efficiency of 26 watts per terahash or better would remain profitable as long as Bitcoin’s price stays above $54,000.
READ MORE: House Set to Vote on Overturning Biden’s Veto of Crypto Regulation Rule Next Week
“With a $BTC price of $54k, ASICs with Unit Power of 26 W/T or less can make a profit. We estimate this at $0.07 per kWh,” F2Pool stated.
Should Bitcoin’s price fall below this threshold, more efficient mining rigs would be necessary to sustain profitability.
However, if the price remains stable, conditions are expected to be favorable for major miners, especially those in regions offering energy subsidies for mining operations.
In summary, the recent decrease in mining difficulty presents an intriguing shift in the Bitcoin mining landscape, affecting profitability and operational strategies for miners worldwide.
The industry will closely watch upcoming difficulty adjustments and market conditions to navigate these changes effectively.
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The inaugural DePIN Alliance Yacht Party, recently held as a glamorous kickoff for the groundbreaking initiative, marked a significant milestone in the world of decentralized physical infrastructure networks (DePIN). Hosted by U2U Network, Chain Capital, and JDI Ventures, the event successfully brought together leaders and innovators from across the globe, setting the stage for a transformative approach to global infrastructure challenges. This event attracted notable leaders from IoTeX, Bmoon, Borderless Capital, MVL Chain, Deeplink Chain, NOTT, Aethir, Witness Chain, Powerpod, AzCoiner, Farmsent, Hashlock, Haven1, ATOR, and Hotspotty, among others. This festive gathering not only showcased the potential of DePIN but also served as a precursor to a more significant announcement.
This illustrious gathering also marked the official launch of the DePIN Alliance, an initiative established by U2U Network, Chain Capital, JDI Ventures, and Social Live. The DePIN Alliance harnesses decentralized technology to create robust, accessible, and community-empowering infrastructure networks that drive innovation and promote sustainable development worldwide. The vision of the DePIN Alliance is bold and transformative, foreseeing a world where communities are empowered through accessible and resilient infrastructure.
Furthermore, the Alliance is dedicated to supporting cutting-edge research and development initiatives that push the boundaries of what decentralized technologies can achieve. This approach not only addresses the immediate needs of communities but also ensures long-term benefits, such as reduced environmental impact, increased resilience to global challenges, and enhanced social equity. By driving widespread adoption and educating communities, policymakers, and businesses about the practical benefits of DePIN solutions, the Alliance seeks to foster a new era of infrastructure development that is not only technologically advanced but also sustainable and beneficial to society at large.
The governance of the DePIN Alliance includes a council comprising leading venture capital investors such as Chain Capital and JDI Ventures, which specialize in DePIN investments, Social Live – The Protocol for Building Web3 Social Media, alongside U2U Network, the largest layer 1 blockchain network focusing on DePIN in Southeast Asia. The Alliance also boasts many top-tier VC firms and DePIN projects as members, including LBank, Blockus, Lightnet, Farmsent, Ktro Media, W Tech Labs, Zero1 Labs, Nott, Nimbus, and more. This council is actively seeking to expand its membership to include influential key opinion leaders and reputable Web3 organizations, thereby incorporating a diverse range of insights and expertise.
Members of the DePIN Alliance will gain access to many benefits such as exclusive industry insights, networking opportunities with key stakeholders, participation in collaborative projects, early access to research findings, and discounts on events and seminars. These benefits are designed to foster an environment of growth and innovation among its members.
Looking ahead, the DePIN Alliance has outlined a clear and ambitious roadmap for its development. Over the next two weeks, the Alliance plans to launch its official website and social media channels to facilitate communication and engagement. Within the next four weeks, it aims to onboard 20 pioneering DePIN projects. The next three months will see the hosting of the first DePIN Summit, establishing key partnerships that will further the Alliance’s goals. Over the next six months, the Alliance plans to expand its membership to include over 50 members and launch several collaborative projects that will demonstrate the practical applications of DePIN technologies. Within a year, the Alliance will release industry standards and a bi-annual report detailing the progress and developments within the DePIN sector.
The DePIN Alliance is steadfastly expanding its membership, ensuring a wealth of resources and fostering both the Alliance’s growth and the development of each individual member. This deliberate expansion underscores a commitment to creating a dynamic and collaborative environment, driving collective progress and innovation.
To become a member of the DePIN Alliance, interested parties are encouraged to follow the Alliance’s activities on X, join the Telegram group for real-time discussions, submit a membership application for approval, and actively participate in community initiatives and working groups.
The DePIN Alliance represents not just a technological shift but a paradigm shift in how infrastructural projects are conceived, developed, and implemented. It stands at the forefront of blending technological innovation with practical, community-focused solutions.
About U2U Network:
U2U Network is a pioneering modular chain built on top of DAG and compatible with EVM. Setting sights on becoming a comprehensive ecosystem for Web3 builders, U2U Network is dedicated to delivering a robust infrastructure emphasizing a Modular Layer-1 Network and a DePIN Ecosystem. Leveraging the innovative Helios Consensus mechanism, U2U Network’s Modular architecture bring an impressive throughput of 17,000 transactions per second (TPS) and a finality time of approximately 350 milliseconds, ensuring high performance, efficiency, and Ethereum Virtual Machine (EVM) compatibility. All this makes our network structure a perfect fit for DePIN.
Learn more about U2U Network:
X (Twitter) | Telegram | Discord | YouTube | CoinMarketCap | CoinGecko
North Carolina Governor Roy Cooper has vetoed a bill that would prohibit the state from implementing a US Federal Reserve-issued central bank digital currency (CBDC), despite overwhelming support from the state’s House of Representatives and Senate.
Cooper faced backlash for what critics labeled a politically driven decision.
In a statement on June 5, he described House Bill 690 as “premature, vague, and reactionary,” deeming it unsuitable for enactment at this stage.
“Efforts are being made at the federal level to ensure standards and safeguards are in place to protect consumers, investors and businesses [using] digital assets and North Carolina should wait to see how they work before taking action.”
The veto followed decisive votes in late June, with the House passing the bill 109–4 and the Senate approving it 39–5.
Given the strong legislative support, North Carolina lawmakers could potentially override Cooper’s veto with a three-fifths majority in both chambers.
The decision was met with criticism. Mitchell Askew, head analyst at Blockware Solutions and a North Carolina native, told Cointelegraph, “The veto from Governor Cooper was not representative of the desires of North Carolinians.”
He expressed disappointment that Cooper was “unwilling to put partisan politics aside” for legislation that he believes would benefit all residents.
“He vetoed only because his opponent Mark Robinson is in favor of the bill. It’s clear who the pro-Bitcoin and pro-freedom candidate is here.”
Similarly, Dan Spuller, head of industry affairs at the Blockchain Association, saw Cooper’s veto as a missed opportunity to firmly oppose a CBDC.
“[Digital asset] policy must remain in the hands of the American people, ensuring that any development of digital currency reflects our values of privacy, individual sovereignty, and free market competitiveness.”
Federal Reserve Chair Jerome Powell provided some context during a Senate Banking Committee hearing in March, stating that the US was “nowhere near recommending or let alone adopting a central bank digital currency in any form.”
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Oladotun Wilfred Akangbe, the chief marketing officer of Flincap, a platform for African over-the-counter crypto exchanges, emphasized the cryptocurrency industry’s impressive growth and maturity, with a particular focus on Solana’s resilience and community efforts in Africa.
Akangbe discussed with Cointelegraph how the crypto industry is steadily maturing, showcasing its ability to overcome challenges that previously would have caused significant market downturns
Despite obstacles, including regulatory issues with Binance and its founder Changpeng Zhao pleading guilty in November 2023 to violating U.S. money laundering laws, the industry continues to expand.
Akangbe noted that the strength and adoption of technology largely depend on the vitality of its community.
Crypto projects that consistently address community problems, especially in areas like remittances and international payments, demonstrate positive year-on-year growth.
“With the kind of communities built around several crypto projects, we’re closer to mainstream adoption than ever before,” Akangbe stated.
His comments follow a series of Solana Allstars Nigeria community meetups across various Nigerian locations, highlighting Solana’s robust community presence in Africa.
The Solana Foundation has launched numerous activities, including meetups, hackathons, and educational workshops, effectively integrating many Africans into the Solana ecosystem.
These initiatives enhance community engagement and drive the practical application of blockchain technology.
Globally, various decentralized groups promote Solana, with the Solana Allstars team in Nigeria recently emerging as one of the most active Web3 adoption groups.
Akangbe pointed out that these efforts shift user focus from price fluctuations to the real-world utility of Solana’s projects.
Speculation has grown around the potential approval of a spot Solana exchange-traded fund (ETF) in the U.S.
Bloomberg analyst Eric Balchunas suggested that such an ETF might only become feasible with a change in U.S. administration and leadership at the Securities and Exchange Commission.
Several ETF issuers have submitted applications for a spot Solana ETF. On June 28, 21Shares filed an S-1 application with the SEC, a day after ETF issuer VanEck filed their application.
On July 1, Solana (SOL) dropped over 15% in 48 hours, reaching a low of $121. Weekly losses for SOL stood at around 10%, with a 23% decline over the past month.
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The President of the Central Bank of the Republic of China, Yang Chin-long, emphasized that developing a central bank digital currency (CBDC) is not a race.
He stressed that the central bank prioritizes steady progress over speed.
Yang mentioned that being the first to introduce a CBDC doesn’t guarantee success, as evidenced by countries that have already issued or tested CBDCs without achieving their desired outcomes, according to a July 7 news report by UDN.
In a report released on June 7, ahead of his presentation to the Finance Committee of the Legislative Yuan on June 10, Yang detailed the central bank’s plans for a digital New Taiwan dollar.
He explained that the bank is experimenting in three scenarios to enhance domestic payment efficiency and innovation.
While there is no set timetable for issuing a CBDC, efforts to improve the payment system’s efficiency and foster innovative applications are ongoing.
A significant development is the CBDC prototype platform designed for retail payments.
Yang highlighted that this platform can already support the cash flow operation of digital coupons, with transaction processing speeds reaching 20,000 transactions per second.
READ MORE: House Set to Vote on Overturning Biden’s Veto of Crypto Regulation Rule Next Week
Additionally, a proof-of-concept for a wholesale CBDC is underway.
This initiative combines CBDC with bank deposit tokens to create a future digital currency system, aiming to function as a liquidation asset for asset tokenization.
The central bank also plans to use tokenization technology to digitally transform wholesale central bank currency and commercial bank currency, supporting various asset tokens.
To further these objectives, Taiwan’s central bank is conducting proofs-of-concept and collaborating with participating banks to build a common platform for tokenization.
This platform will be tested in three scenarios: inter-bank transfer of bank deposit tokens, simultaneous delivery of asset tokens, and special-purpose digital money.
Yang reiterated that Taiwan’s cautious approach to issuing a CBDC is designed to meet public digital payment needs and align with government digital policy goals, ensuring substantial benefits.
In March, the Financial Supervisory Commission announced that it would propose a new draft of digital asset regulations for Taiwan in September 2024.
This aims to create more effective regulations for digital asset markets and ensure investor safety.
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Donald Verrilli, former U.S. Solicitor General from 2011 to 2016, has asserted in an appellate brief that the digital asset industry is being targeted by federal regulators through systematic efforts to restrict their banking access.
On July 3, representing the Blockchain Association, Verrilli filed an amicus brief with the U.S. Tenth Circuit Court of Appeals in support of Custodia Bank’s appeal.
This follows a district court ruling in March which upheld the Federal Reserve’s decision to deny the bank a master account.
Custodia Bank had initially applied for a master account in October 2020. After facing prolonged delays, the bank sued the Federal Reserve in June 2022.
The lawsuit cited “unlawful delay” by the Fed in processing its application.
In 2023, the Fed formally rejected the application, pointing to Custodia’s ties with the cryptocurrency sector as a factor.
A judge later endorsed this decision in March 2024, leaving Custodia without recourse to further review its application.
In the brief, Verrilli highlighted the broader regulatory actions against the crypto industry, stating, “Unfortunately for Custodia, its application was caught in the current of federal regulators’ aggressive, coordinated efforts to ‘debank’ the digital asset industry.”
Further complicating matters, Verrilli referenced statements from January 2023 by the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, which collectively suggested that involvement with cryptocurrencies was likely incompatible with safe banking practices.
READ MORE Bitcoin Drops Below $58,000 for First Time in Two Months Amid Major Liquidations
Following these statements, Custodia’s application was denied.
“Through no fault of its own, Custodia became the focus of federal banking regulators’ campaign to isolate the digital asset industry from the greater national economy,” Verrilli added.
Support for Custodia has come from various quarters, including former U.S. Senator Pat Toomey, Wyoming Secretary of State Chuck Gray, and members of key congressional committees.
Another former Solicitor General, Paul Clement, also filed a supporting brief, emphasizing that Custodia had become unfavorably viewed by federal regulators.
The timing of the appellate court’s decision remains uncertain.
The outcome could potentially be influenced by a recent Supreme Court decision that overturned the Chevron doctrine, which had previously mandated judicial deference to federal agency interpretations of law, possibly impacting the review of Custodia’s application.
Amidst these legal battles, the U.S. House of Representatives is set to revisit a Securities and Exchange Commission rule that restricts banks from engaging with crypto, following a veto by President Joe Biden. A successful override of the veto would require a two-thirds majority in the House.
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