First Mover Asia: Bitcoin Holds Stable Above $30,000 as Inflation Data, Macro Issues Disappoint Investors

Massad and Clayton’s recommendations come at a potentially important time in crypto’s short history, and amid an ongoing jurisdictional dispute between the CFTC, which views crypto as a commodity, and the SEC, which views it as a security. Both agencies have filed a number of legal actions against exchanges and other major crypto organizations, testing the applicability of existing regulations, but leaving investors and entrepreneurs deeply unsettled about the future of crypto in the US, which has led to massive… But has fueled global interest in this field. Last month, the SEC sued Binance and Coinbase, alleging that the exchanges violated securities laws by offering unregistered securities, among other things.