Crypto Markets Navigate Regulatory Hurdles and Ecosystem Growth
Crypto Markets Navigate Regulatory Hurdles and Ecosystem Growth
The crypto market is seeing a mix of regulatory challenges and technological advancements. Coinbase has expressed potential withdrawal of support for the CLARITY Act due to proposed stablecoin rewards bans, highlighting ongoing policy debates. Meanwhile, X (formerly Twitter) is set to launch 'Smart Cashtags' to enable real-time tracking of crypto prices, signifying broader adoption. On the market front, an analyst suggests the ETH-BTC ratio has bottomed, indicating strength in the Ethereum ecosystem. Concurrently, India is tightening KYC requirements for crypto users, reflecting global concerns from tax and regulatory agencies.
Coinbase Could Pull CLARITY Act Support Over Stablecoin Rewards Ban
The crypto-focused markets structure bill is set to be discussed at a markup session on Thursday. On the line is the ability for stablecoin issuers to offer rewards via crypto exchanges.
X to Roll Out 'Smart Cashtags' for Crypto, Stocks Next Month
Smart Cashtags will enable users to track real-time price movements of crypto tokens and stocks, building on X’s long-term vision to become an Everything App.
ETH-BTC Ratio Bottomed in April, Mirrors 2019 Cycle: Analyst
The Ethereum ecosystem continues to see increased development and value locked in tokenized assets, according to market analyst Michaël van de Poppe.
India Tightens KYC Requirements for Crypto User Onboarding
Tax and other regulatory agencies in India claim that cryptocurrencies and permissionless blockchain tech undermine tax collection.