Tether Helps Us Regulators
FOX Business reporter Eleanor Terrett reported that top stablecoin issuer firm Tether has been working with the US regulators to create more systematic rules & laws for the regulation of fiat-pegged stablecoins. Also, reportedly, Tether CEO Paolo Ardoino said that his team is engaged with the lawmakers to advance the relevant bills and is committed to complying with the final law. Experts believe that the bill will be signed by ProCrypto US President Donald Trump in April of this year.
SEC Postpones Coinbase’s Appeal Response by 30 Days
The Wall Street Journal (WSJ) reported that the United States Securities and Exchange Commission (SEC) decided to postpone the response to Coinbase’s appeal in the SEC vs Coinbase lawsuit for the next 30 days.
The SEC reportedly is working on some rules & laws to handle similar types of cases with neutrality. Alternatively, we can say that it is a good thing for crypto companies, which have been facing legal hurdles since the presidency of Joe Biden.
Argentina’s President Announces Libra Token as Financial Tool
On 15 Feb 2025, Argentine President Javier Milei announced that Libra tokens would be issued for national financing. However, according to Conor’s opinion, the project may be a scam, as the account is funded by a no-KYC exchange. He also noted that the announcement came just after three minutes of creating the token. He indirectly claimed that his X account was probably hacked by someone.
Staking Rule Change Demand by NYSE Arca
NYSE Arca proposed the rule change to allow the staking of Cryptocurrency held by the Grayscale investment’s Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF. If the proposed rule change is successfully done, then surely it will unlock a new door for the crypto ETF investors to generate extra income by holding crypto funds, ultimately helping to achieve more maturity for the Cryptocurrency.
Coinbase Partners With Aston Martin Aramco Formula One™
US-based American crypto exchange entered into a partnership with Aston Martin Aramco Formula One™ Team. For this partnership, Coinbase firm paid funds in USDC stablecoin. Under this partnership, Coinbase’s logo & brand will appear on AMR25 cars and suits of drivers. With this collaboration, Coinbase also aimed to promote the use of cryptocurrency payments.
Blockchain(dot)com to Increase Workforce by 50%
Bloomberg reported that popular secured web3 crypto wallet service provider Blockchain.com hired former Goldman Sachs crypto investment banking head Justin Evans as its new CFO. With this new talent, blockchain.com aimed to expand the company’s workforce by 50%. Experts believe that such decisions are aimed at helping Blockchain.com firm to achieve the company’s long-standing goal of going public.
Abu Dhabi Sovereign Wealth Funds Jump on Bitcoin ETF Bandwagon
As per the latest disclosure, the Abu Dhabi Sovereign Wealth Funds acquired $436 million worth of Bitcoin ETFs in Q1, while Mubadala disclosed its holdings of iShares Bitcoin ETFs in its 13F filing. The latest 13F filing showed that the Wisconsin State Pension Fund held $321.5 million in IBIT. Experts concluded that ProCrypto rules are creating peer pressure among institutional investors for allocating capital in Bitcoin.
Read also: Wow! US SEC Accepts Dogecoin ETF Application!
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