The existing laws are sufficient, according to Chair Gensler. Coinbase says it's not done yet.

The existing laws are sufficient, according to Chair Gensler. Coinbase says it's not done yet.
The Arbitrum One network stalled at 10:29 am ET (13:29 UTC), according to an alert issued by the network's status page.
The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol.
Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the Jan3 CEO.
Bitcoin is likely to reach $1 million quickly due to a “torrent of money” coming from institutional investors in 2024, according to the Jan3 CEO.
Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure.
BTC/USD 1-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300, or 3.2%, on the day.
The largest cryptocurrency, fresh from a recovery from snap volatility the day prior, failed to hold its ground at $43,000 as Bitcoin bulls were denied upside continuation.
BTC price weakness accompanied news that the United States Securities and Exchange Commission had refused a request by major exchange Coinbase to rework the rules for crypto.
“Today, the Commission denied a Petition for Rulemaking filed on behalf of Coinbase Global, Inc.,” a statement from SEC Chair Gary Gensler read.

Bitcoin bulls face a battle for support on multiple timeframes as BTC price action stays volatile.
Members of the crypto community shared their sentiments about the Ledger Connect exploit a day after the hack.
The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.
The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.
Iris Energy will receive mining hardware orders from Bitmain in the first six months of 2024, taking its operational mining capacity above 10 EH/s.
Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
Bitcoin miners’ revenue has reached all-time highs in part due to increased on-chain fees.
Asset manager First Trust has filed for a Bitcoin buffer ETF with the SEC, intending to help investors mitigate risk by targeting downside protection.
Asset manager First Trust has filed for a Bitcoin buffer ETF with the SEC, intending to help investors mitigate risk by targeting downside protection.
Stealth addresses in cryptocurrencies act like secret codes for transactions, providing enhanced privacy by generating unique addresses for each payment.
Ninety-nine percent of the respondents to a Paxos survey said their company had put an equal or greater focus on crypto and blockchain projects in 2023 than in previous years.
Bitcoin stands to enjoy further relief if its standard relationship to DXY weakness holds firm as the dollar shrinks on Fed “pivot” bets.
Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out.
In a post on X (formerly Twitter) on Dec. 14, popular trader Crypto Ed, founder of trading group CryptoTA, eyed multimonth lows in United States dollar strength.
Bitcoin and dollar strength have in the past exhibited inverse correlation. While this has decreased recently, changes to U.S. macro policy are now broadly seen to boost Bitcoin but pressure the greenback going forward.
As Cointelegraph reported, the week’s macro data prints, combined with encouraging signals from the Federal Reserve, have analysts pointing the way to further crypto market upside in 2024.
This is thanks to declining inflation potentially allowing for the Fed to “pivot” on interest rate hikes, increasing liquidity to the benefit of risk assets.

