In brief SEC Chair Paul Atkins indicated Thursday that sweeping crypto innovation exemptions are unlikely to come this month. He said the SEC is still working through the details and approaching the matter cautiously. Earlier this week, Wall Street heavyweights met with the agency to express concern about exemptions for tokenized securities. SEC Chair Paul Atkins appeared to walk back a timeline for issuing sweeping crypto-related exemptions on Thursday, just days after Wall Street leaders met with agency officials to express concerns about the plan.The exemptions would hand crypto companies a guarantee that activity in certain areas, such as tokenized…

Amid broad traditional market declines, crypto once again was the standout underperformer on Thursday.Modest overnight declines in crypto turned into a major rout in the U.S. morning as the Nasdaq shed more than 2% and gold tumbled nearly 10% from an overnight record. But while both of those markets managed sizable afternoon bounces — the Nasdaq closing with a decline of just 0.7% and gold reclaiming the $5,400 per ounce level — bitcoin and the rest of crypto held not far from session lows. Bitcoin was trading just above $84,000 at press time. Losing almost 6% over the past 24…

AI & Crypto

Read More

Politics

Don't Miss!