Crypto Market Faces Regulatory Scrutiny and Outflows Amidst Key Blockchain Adoptions
Crypto Market Faces Regulatory Scrutiny and Outflows Amidst Key Blockchain Adoptions
The cryptocurrency market is navigating a complex landscape marked by heightened regulatory scrutiny and significant capital outflows. US Senator Elizabeth Warren has issued a stern warning against public bailouts for the crypto sector, emphasizing the risks of enriching wealthy holders and fueling public anger. This comes as on-chain data reveals the deepest monthly decline in realized cap since the 2022 bear market, signaling a period of substantial capital exodus.
Despite these challenges, optimism persists regarding future regulatory clarity. Coinbase CEO Brian Armstrong expressed confidence in a 'win-win' outcome for the delayed CLARITY Act, a crucial crypto market structure bill in the US Senate. On a more positive note for specific ecosystems, Societe Generale’s digital-asset arm, SG-FORGE, has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, further extending its deployments which already include Ethereum and Solana. This institutional adoption highlights the ongoing development and utility within various blockchain networks.
Regulatory Pressure Mounts on Crypto Sector
US senator Elizabeth Warren has sent a sharp note to regulators, warning against any move that could let public money shore up the crypto market. She argues such steps would hand a windfall to the richest holders in the sector and risk fueling public anger.
Crypto Sees Deepest Capital Outflows Since 2022 Bear Market
On-chain data shows the crypto sector has witnessed the largest decline in the monthly Realized Cap since the previous bear market. Glassnode analyst Chris Beamish has discussed this latest trend in capital flows for the crypto market, highlighting a deep negative change recently.
Coinbase CEO Sees ‘Win-Win’ Outcome For Delayed Crypto Market Structure Bill
The long‑awaited crypto market structure bill, known as the CLARITY Act, remains stuck in the US Senate. However, Coinbase Chief Executive Officer Brian Armstrong remains optimistic, speaking Wednesday on CNBC during the World Liberty Forum at Mar‑a‑Lago, where he expressed confidence that lawmakers will ultimately deliver a positive resolution.
Top-10 European Bank Picks XRP Ledger For MiCA-Ready Stablecoin
Societe Generale’s digital-asset arm SG-FORGE has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger. This move extends a deployment that already spans Ethereum and Solana, placing another bank-issued, compliance-forward asset into the XRPL ecosystem. Cassie Craddock, Ripple’s UK & Europe managing director, celebrated this go-live, emphasizing its institutional significance.