U.S. Government Agencies Seek Clarity
• The Federal Reserve introduced the Novel Activities Supervision program to oversee cryptocurrency operations within banking institutions.
• The SEC deferred its decision on the Bitcoin ETF proposal put forth by Ark Invest and 21Shares, and solicited public input instead.
• Bitstamp and Bittrex reached compromises with the SEC regarding unregistered securities status attributed to certain tokens.
SEC To Appeal Ripple’s Victory
The U.S. Securities and Exchange Commission (SEC) is poised to contest Ripple’s recent victory, as regulatory efforts remain ongoing in the country.
Binance Aims for Growth
Crypto exchange Binance has been making ambitious moves in order to grow its market presence, capturing attention with these growth efforts.
PayPal Launches Stablecoin
PayPal recently unveiled its own stablecoin designed specifically for use within its platform, adding another major player to the crypto space in the process.
As government agencies continue their attempts at establishing clarity around cryptocurrencies, major players such as Ripple, Binance, and PayPal continue to make their presence felt in this rapidly growing sector of finance through various initiatives such as appeals from legal battles or new products like stablecoins.