The historical change of Securities and Exchange Commission of the United States (SEC) in favor of digital assets is becoming one of the most important developments in the current administration of Trump. However, investors may not fully understand what it means for the adoption of cryptography and its integration into the hearts of American financial services.
This is one of the main points to remember recent remarks of the CIO Matt Hougan, which believes that the markets underestimate the regulatory tail winds which are currently formed in the greatest economy in the world.
Project Crypto, the SEC initiative to modernize its approach to digital assets, was unveiled last week in direct response to the White House working group on digital assets. The program aims to create clearer and more coherent cryptographic regulations in the future.
This week’s crypto-biz covers the evolutionary position of the SEC, including its latest advice on liquid token, Hougan’s Haussier commentary, continuous institutional adoption of Bitcoin and the growing dynamics of the IPOs in the cryptographic industry.
The dry says that “certain activities for implementing liquid” do not fall under the securities laws
In a continuous change towards clearer regulations of digital assets, the dry in the United States said this week that certain liquid development practices do not constitute securities offers – and therefore do not fall under its jurisdiction.
Clarification came via a press release published on August 5, in which the agency said that “according to the facts and circumstances, the activities of liquid implementation covered in the press release do not imply the supply and sale of securities.”
SEC has defined the liquid milestone as the process of jealizing cryptocurrencies via a protocol or software, receiving a liquid stall reception token in exchange for representing the property.
“Today’s personnel declaration on liquid stretch is an important step forward in the clarification of staff opinion on cryptographic asset activities that do not fall under the jurisdiction of the dry,” said the president of the SEC, Paul Atkins.
According to Defillama, liquid staggered is already an industry of $ 57 billion in all protocols. The liquid milestone on Ethereum represents $ 51 billion in the total.
The pro -Crypto change from the dry is not entirely at a price –
The market has not yet fully explained the increasingly favorable position of the dry in cryptographic industry, according to the IOC of Bitwise Matt Hougan. He thinks that investors underestimate which could be the most optimistic regulatory change for digital assets in recent memory.
Hougan underlined a recent speech by the President of the SEC, Paul Atkins, at the America First Policy Institute, where Atkins defended the blockchain as a fundamental pillar for the future of the financial markets. Hougan admitted that the remarks caught him “off guard”, wondering if the market had really assessed them.
“The most optimistic document I have read on Crypto was not written by a Yahoo on Twitter. It was written by the president of the dry,” said Hougan.
Atkins recently made several pro-Crypto statements, saying to CNBC in July that “tokenization is an innovation” and claiming that the era of “application regulations” is under its direction.
The Michigan pension fund stimulates exposure to bitcoin
Michigan’s state retirement system has considerably increased its exposure to Bitcoin, almost tripling its assets in the Bitcoin ETF Spot of Ark – a decision that further underlines the growing institutional adoption of digital assets.
According to his latest regulatory documents, the State Pension Fund held 300,000 shares from the Ark 21Shares Bitcoin ETF (ARKB) on June 30, worth around $ 10.7 million. This marks a sharp increase compared to the 110,000 shares which it declared to have a year earlier.
Assuming that the fund has retained its position, the value of its Bitcoin exposure has probably developed even more, reinforced by the recent increase in bitcoin over $ 110,000 – and a brief increase exceeding $ 123,000 in July.
Michigan is not the only state pension fund to invest in Bitcoin ETF. Earlier this year, the Wisconsin State Investment Office revealed $ 321 million in the BTC via the BlackRock Ishares Bitcoin Trust (IBIT).
Coindesk Eyes Eyes of $ 4.2 billion IPO assessment
Bullish, the exchange of digital assets behind Coindesk, the second largest cryptographic publication in the world by viewer, continues a first public offer (IPO) which could enhance the company up to $ 4.2 billion.
According to the SEC files, the company aims to collect between $ 568 million and $ 629 million thanks to its IPO, with a strong interest that has been obtained from the main institutional investors, including blackrock subsidiaries and Ark Investment Management.
Bullish targets an action course between $ 28 and $ 31, offering 20.3 million shares and promoting to 4.2 billion dollars.
The company joins an increasing wave of cryptographic companies looking for public ads this year, alongside names like Bitgo, Kraken and OKX.
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