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The U.S. Senate Agriculture Committee released a draft of a market structure bill on the 11th, outlining regulatory boundaries for the cryptocurrency market. Senators John Boozman and Cory Booker are continuing discussions to protect a growing industry and ensure consumer safety, proposing a refocus on spot regulatory authority for the Commodity Futures Trading Commission (CFTC) and a redefinition of the role of the Securities and Exchange Commission (SEC).
2. Expectations of an end to the US government shutdown are fueling increased institutional buying and ETF expectations.
As the U.S. Senate began proceedings to end the government shutdown on the 11th, fiscal uncertainty eased and institutional investors' cryptocurrency buying increased. Nansen and Laser Digital analyzed that this trend could lead to a resumption of Bitcoin (BTC) and exchange-traded fund (ETF) approval schedules, while ETF analyst Nate Geraci assessed that the end of the shutdown could bolster expectations for the launch of altcoin ETFs.
3. Coinbase Launches Regulated Token Sale Platform
Coinbase announced on the 11th that it will launch a regulated token sale platform for US retail investors, with plans to conduct initial sales monthly, starting with Monad tokens. This resumption of regulated sales is seen as a move toward restoring institutionalized public cryptocurrency sales, which were halted after the 2018 ICO boom, by including fairness measures such as USDC payments and a six-month lock-in period.
Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr
