Larry Cermak

🚨 Big Crypto News Alert 🚨 New U.S. Bill Proposes SEC-CFTC Committee to Shape Crypto Regulations. A significant step forward in crypto regulation is on the horizon. The BRIDGE Digital Assets Act, introduced by Rep. John Rose, proposes a joint SEC-CFTC committee to align digital asset regulations and harmonize policy. This committee will advise on critical issues such as decentralization, functionality, and transaction security in the digital asset space. The committee will also explore how blockchain and distributed ledger technology can improve financial market infrastructure, offering better consumer protections, greater transparency, reduced transaction costs, and increased access to financial services. This bill signals the growing commitment to establishing clear regulatory frameworks in the U.S., and could pave the way for a new era of digital asset innovation. At RACE, we remain focused on delivering secure, compliant, and transparent tokenized asset solutions as the regulatory landscape evolves. The future of digital assets is taking shape—are you ready? #CryptoRegulation #Blockchain #BRIDGEBill #DigitalAssets #RACE #Innovation #SEC #CFTC

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🚨 Kalshi Faces Regulatory Hurdles in U.S. Election Betting Market 🚨 Kalshi, a U.S. prediction market platform, confronts significant challenges as it seeks to list election betting contracts before the upcoming Nov. 5 elections. Despite a legal victory against the Commodity Futures Trading Commission (CFTC), the path forward is fraught with obstacles. 🔍 Key Points: 🏛️ *Legal Battle*: After winning a lawsuit against the CFTC, Kalshi now battles the CFTC's emergency motion to delay these contracts by 14 days due to operational setbacks. 🚫 *CFTC Restrictions*: The CFTC previously banned Kalshi from listing contracts related to partisan control of Congress, raising concerns over illegal gaming and public interest violations. Kalshi labeled this decision "arbitrary" and "capricious." ⏳ *Strategic Delay*: The CFTC's request for a 14-day stay delays Kalshi's ability to list election markets, creating a window that competitors like PredictIt and Polymarket might exploit. 📊 *Market Relevance*: Election betting contracts are critical for risk hedging and provide forecasting data valuable to academics, investors, and businesses. Kalshi argues that the delay in listing these contracts results in public losses. ⚠️ *Opposition*: Lobbying group Better Markets opposes Kalshi’s initiative, emphasizing the risks to democratic integrity by introducing gambling into the election process. 🔑 Essential Insights: 📉 Regulatory delays have impeded Kalshi's market entry. 📊 Competitors are leveraging regulatory exemptions and settlements. 📅 Nov. 5 election deadline puts pressure on regulatory decisions. 🤔 What are your thoughts on the CFTC's stance and the future of election betting markets? Should regulatory frameworks be more adaptive to innovations like Kalshi's? Share your insights below! #Kalshi #CFTC #ElectionBetting #PredictionMarkets #CryptoRegulation #BlockchainTech #Finance #LegalTech

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Jump Crypto president resigns amid CFTC investigation. Kanav Kariya, the president of Jump Trading’s digital asset arm, Jump Crypto, has stepped down amid reports of an investigation by the Commodity Futures Trading Commission (CFTC). Kariya announced his resignation on June 24 via social media, stating he plans to focus on personal relationships and reading while seeking his next venture. The details of the CFTC investigation into Jump Crypto remain unclear, but it may involve trading activities mentioned in the investor lawsuit and the SEC’s case against Terraform Labs. #Secret3 #cryptonews #blockchain #defi #cryptocurrency Read more: https://lnkd.in/gQchPGii

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Alex Gluchowski, CEO of Matter Labs, and Chris Yin, Founder and CEO of Plume Network, spoke with the Cointelegraph to share their insights on how blockchain scalability could affect elections and voters if the technology is adopted. "Current L2s would need to dramatically improve their censorship-resistant properties before an election use case becomes a reality," said Alex Gluchowski. "Techniques like batch voting, where multiple transactions are bundled together (such as ZK-rollups), could help reduce the overall load and improve efficiency," Chris Yin noted. Read the full story here: https://lnkd.in/e92eCbXm

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Hashnote is excited to announce that Anchorage Digital has expanded its custody services to include USYC. This partnership further solidifies the relationship between our organizations, building on the success of our widely adopted product, Hashnote #Harbor. With Hashnote Harbor, institutional investors can access yield-generating strategies without the need to transfer assets, as all holdings remain securely managed within Anchorage Digital's custody services. USYC is a tokenized yield-bearing asset that provides exposure to short-term U.S. Treasury Bills and engages in repo-reverse repo activities. Designed to offer a tokenized risk-free rate return, USYC leverages the speed, transparency, and composability of on-chain transactions, significantly reducing protocol, custody, regulatory, and credit risks associated with traditional tokenized assets. This collaboration enables users to convert their stablecoins into yield-generating assets, all while maintaining liquidity and efficiency. With near-instant minting and redemption capabilities (T+0 to T+1) into USDC and #PYUSD, users can achieve on-chain yield without compromising the advantages of ERC-20 tokens. #BTC

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New #CryptoRoundup alert 🚨! Hear from David Brill, Joshua Ashley Klayman Kuzar and Ron Quaranta as they discuss the recent crypto rout, crypto ETF inflows being slow, Fidelity getting in on tokeniztion and a look into the crystaal ball for Federal policy. All this and more! https://lnkd.in/gtddEiy8 #WSBA #CryptoAssets #Crypto #BitcoinETF #Markets #BitcoinETF #MarketAnalysis #Regulation #CryptoRegulation #Investment #FutureofCrypto #Banking #Law #Accounting #Blockchain #Bitcoin #Defi

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SEC Chair Gary Gensler suggests that the approval of S-1 forms for Ethereum ETFs will take time, following the recent approval of 19b-4 forms. The prolonged finalization phase may delay the ETFs from commencing trading. The SEC has instructed issuers to submit draft S-1 filings, and Gensler's comments indicate a potentially slow approval process. The iterative process, expected to take several weeks or months, will involve the SEC giving feedback and prompting further changes. The arrival of Ethereum ETFs is anticipated to lead to significant capital inflow and decrease the circulating Ethereum supply, potentially driving prices to new all-time highs. The SEC's detailed review process reflects a prudent approach to regulating these financial instruments, while the swift actions of companies like BlackRock demonstrate market demand and readiness for these new investment vehicles.

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Catch up with Binance's Director - Regulatory Licensing and Policy Meera Judge on FINTECH.TV. A quick 5 minute catch up to learn more about mainstream adoption of #crypto, through ETH ETFs ⬇

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🚨 𝐓𝐨𝐝𝐚𝐲 𝐰𝐞 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐨𝐮𝐫 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 Palisade, Inc, a digital asset custody provider, to integrate Palisade, Inc's institutional-grade custodial wallets directly into StegX’s end-to-end service offering.🚨 This collaboration aims to streamline and bolster the security and compliance of StegX's tokenized investment products, catering to a global network of institutional investors. 🤝 Through this partnership, StegX will integrate a secure and licensed custodial infrastructure for token issuances listed on its platform, backed by Palisade's institutional-grade security. 💡 Issuers on StegX will now have access to regulated wallets, ensuring seamless custody and management of their digital securities. This development is a key component of StegX's commitment to building confidence in digital investments, especially in the institutional real estate sector. Furthermore, Palisade’s wallet solutions will support leading distributed ledger technologies (DLTs) such as the XRP Ledger (#XRPL) and Hedera, allowing StegX to expand its technological offerings and provide broader access to top-tier institutional DLT networks. Daniel Radwansky, Co-Founder of StegX, remarked: "𝑻𝒉𝒊𝒔 𝒑𝒂𝒓𝒕𝒏𝒆𝒓𝒔𝒉𝒊𝒑 𝒊𝒔 𝒂 𝒉𝒖𝒈𝒆 𝒔𝒕𝒆𝒑 𝒇𝒐𝒓 𝑺𝒕𝒆𝒈𝑿 𝒂𝒔 𝒘𝒆 𝒄𝒐𝒏𝒕𝒊𝒏𝒖𝒆 𝒕𝒐 𝒆𝒗𝒐𝒍𝒗𝒆 𝒂𝒏𝒅 𝒊𝒏𝒏𝒐𝒗𝒂𝒕𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒕𝒐𝒌𝒆𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏𝒂𝒍 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆. 𝑶𝒇𝒇𝒆𝒓𝒊𝒏𝒈 𝒄𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒕, 𝒔𝒆𝒄𝒖𝒓𝒆 𝒄𝒖𝒔𝒕𝒐𝒅𝒊𝒂𝒍 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔 𝒊𝒔 𝒄𝒓𝒊𝒕𝒊𝒄𝒂𝒍 𝒕𝒐 𝒇𝒐𝒔𝒕𝒆𝒓𝒊𝒏𝒈 𝒕𝒓𝒖𝒔𝒕 𝒂𝒎𝒐𝒏𝒈 𝒊𝒔𝒔𝒖𝒆𝒓𝒔 𝒂𝒏𝒅 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏𝒂𝒍 𝒊𝒏𝒗𝒆𝒔𝒕𝒐𝒓𝒔. 𝑷𝒂𝒍𝒊𝒔𝒂𝒅𝒆’𝒔 𝒕𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒚 𝒑𝒆𝒓𝒇𝒆𝒄𝒕𝒍𝒚 𝒄𝒐𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒔 𝒐𝒖𝒓 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎’𝒔 𝒎𝒊𝒔𝒔𝒊𝒐𝒏 𝒐𝒇 𝒃𝒓𝒊𝒏𝒈𝒊𝒏𝒈 𝒔𝒆𝒄𝒖𝒓𝒆, 𝒄𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒕, 𝒂𝒏𝒅 𝒔𝒄𝒂𝒍𝒂𝒃𝒍𝒆 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒕𝒐 𝒕𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕." Tom Kiddle, Co-Founder of Palisade, said: “𝑶𝒖𝒓 𝒑𝒂𝒓𝒕𝒏𝒆𝒓𝒔𝒉𝒊𝒑 𝒘𝒊𝒕𝒉 𝑺𝒕𝒆𝒈𝑿 𝒃𝒓𝒊𝒏𝒈𝒔 𝒂 𝒏𝒆𝒘 𝒍𝒆𝒗𝒆𝒍 𝒐𝒇 𝒔𝒆𝒄𝒖𝒓𝒊𝒕𝒚 𝒂𝒏𝒅 𝒄𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝒕𝒐 𝒕𝒐𝒌𝒆𝒏𝒊𝒛𝒆𝒅 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏𝒂𝒍 𝒓𝒆𝒂𝒍 𝒆𝒔𝒕𝒂𝒕𝒆. 𝑻𝒉𝒊𝒔 𝒄𝒐𝒍𝒍𝒂𝒃𝒐𝒓𝒂𝒕𝒊𝒐𝒏 𝒆𝒏𝒂𝒃𝒍𝒆𝒔 𝒄𝒍𝒊𝒆𝒏𝒕𝒔 𝒕𝒐 𝒊𝒏𝒗𝒆𝒔𝒕 𝒘𝒊𝒕𝒉 𝒄𝒐𝒏𝒇𝒊𝒅𝒆𝒏𝒄𝒆 𝒂𝒏𝒅 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒔𝒆𝒄𝒕𝒐𝒓 𝒕𝒐 𝒈𝒓𝒐𝒘. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒂𝒏𝒐𝒕𝒉𝒆𝒓 𝒔𝒕𝒆𝒑 𝒇𝒐𝒓𝒘𝒂𝒓𝒅 𝒊𝒏 𝑷𝒂𝒍𝒊𝒔𝒂𝒅𝒆’𝒔 𝒎𝒊𝒔𝒔𝒊𝒐𝒏 𝒕𝒐 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒕𝒉𝒆 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏𝒂𝒍 𝒂𝒅𝒐𝒑𝒕𝒊𝒐𝒏 𝒐𝒇 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒂𝒔𝒔𝒆𝒕𝒔 𝒃𝒚 𝒑𝒓𝒐𝒗𝒊𝒅𝒊𝒏𝒈 𝒖𝒏𝒑𝒂𝒓𝒂𝒍𝒍𝒆𝒍𝒆𝒅 𝒄𝒖𝒔𝒕𝒐𝒅𝒚 𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏𝒔.” This announcement marks a significant step in establishing the infrastructure needed for institutional adoption of tokenized real estate, enhancing both investor protection and operational efficiency. #tokenization #digitalassets #cryptocustody #web3 #fintech #hbar #xrpl

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🚨 New podcast with William Quigley, Co-founder of Tether & WAX In this conversation, Matt and William discuss: - Overall market moves and SEC approvals - Maturation of the crypto market - Unique value of where we are in the crypto adoption era 🔊 https://loom.ly/ZRee-no

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In case you missed it, check out our latest Blockchain Letter titled Progressive's Dream. Read about: — The Democrats' evolving stance on #blockchain — Is #DePIN overhyped and capital inefficient? — Should large apps launch their own chains? https://lnkd.in/eXDa-mmm

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