Altcoin Season Upon Us? ππ
Etehreum (ETH) surpassed $2,000, driven by the successful upgrade and an unexpected drop in inflation.
Arthur Hayes, former CEO of BitMEX, recently took to Twitter to declare the beginning of another altcoin season. "Allow me to reintroduce myself. My name is ALTSZN!!!" he tweeted. As reported, the Bitcoin (BTC) competitor Etehreum (ETH) surpassed $2,000, driven by the successful Shapella upgrade and an unexpected drop in PPI inflation.
PBN Research
US Congressman Looking to Fire Gensler
https://beincrypto.com/us-congressman-bill-oust-gary-gensler-sec-chair/
The aim of the proposed bill is to oust the Chairman of the SEC and replace him with a director. This also follows a series of what crypto industry advocates view as extrajudicial crackdowns on the sector.
βTo correct a long series of abuses, I am introducing legislation that removes the Chairman of the Securities and Exchange Commission and replaces the role with an Executive Director that reports to the Board (where authority resides).β
Hester Pierce
https://www.sec.gov/news/statement/peirce-rendering-inovation-2023-04-12
Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology. Accordingly, I dissent.
Over thirty years ago, the Commission faced a challenge: Firms were developing innovative ways to bring together buyers and sellers. These exchange alternatives did not promise continuous liquidity or commit to maintain an active market in particular securities, but they did provide more flexibility than market participants had on a traditional exchange
NY Financial Regulators Adopt Virtual Assessment Rule
NYDFS, has adopted a new regulation for how crypto companies will be assessed for costs associated with their supervision. The regulation will require companies to meet rigorous standards for capitalization, cybersecurity protection and anti-money-laundering protocols