zubyoha.eth
Paul Atkins, the nominee for SEC Chair, has reportedly lost $327 million in assets, including up to $6 million in cryptocurrency, ahead of his March 27 confirmation hearing. Despite these financial setbacks, Atkins still holds stakes in notable crypto-related firms such as Anchorage Digital and Off the Chain Capital. Additionally, he has up to $500,000 in call options, reflecting continued exposure to the financial markets. The SEC has also announced four additional crypto roundtable discussions, scheduled for April 11, April 25, May 12, and June 6. These meetings will likely focus on crypto regulation, market transparency, and investor protection.
After years of legal battles, the SEC and Ripple have decided to drop their remaining appeals. Ripple will recover $75 million from escrow, while the SEC will retain $50 million. This marks a significant turning point in one of the longest-running crypto lawsuits, potentially setting a precedent for future regulatory disputes in the industry. The resolution of this case may boost investor confidence in XRP and other digital assets, as regulatory clarity often leads to better market stability.
GameStop has taken a bold step into the crypto space by approving an update to its investment policy to include Bitcoin as a treasury reserve asset. Its board unanimously approved the decision, signaling a strong belief in Bitcoin’s long-term value. Following this announcement, MicroStrategy’s co-founder Michael Saylor welcomed GameStop Chairman Ryan Cohen to what he called "Team Bitcoin." Saylor has been one of the most vocal Bitcoin advocates, and GameStop’s move aligns with his vision of Bitcoin as a superior store of value. This decision reflects a growing trend among companies adding Bitcoin to their balance sheets, following in the footsteps of MicroStrategy, Tesla, and other institutions that see Bitcoin as digital gold.
The FDIC has followed the Office of the Comptroller of the Currency (OCC) in removing "reputational risk" from bank oversight. This is a major step toward ending the unfair debanking of crypto firms, commonly referred to as Operation Chokepoint 2.0. By rolling back these restrictive policies, banks will likely become more open to serving cryptocurrency companies, leading to better financial integration for the industry. This move could help crypto firms access traditional banking services without unnecessary regulatory roadblocks.
The supply of USDC stablecoin has reached an all-time high, surpassing $60 billion. This growth reflects increased demand for stable digital assets, which offer a secure and efficient way to transfer value across the blockchain. In another major development, $6 trillion asset manager Fidelity is launching its stablecoin. Designed as digital cash for blockchain-based transactions, this stablecoin will be linked to Fidelity’s money market fund. Fidelity’s entry into the stablecoin space signals a broader institutional acceptance of digital assets and could pave the way for further adoption.
Bitcoin Mirrors Gold Fractal: Is a Major Move Coming?
