Bitcoin and friends appear to be making a last-ditch push to hit a key weekly closing milestone. The end of the week may be done and dusted Down Under, but we’re not quite there yet on the crypto timeframe, because apparently things only matter when they happen in the United States of America. Banned Cryptocurrency ActivitiesAt least, US Treasury Secretary Janet From the Rooftops Yellen stated that the United States, although in favor of a strong regulatory framework, does not advocate a complete ban on crypto activity. Perhaps this covers the hard wallet stuffed with speculative Chinese/AI/DeFi/gaming altcoins and non-fungible tokens in the back of your sock drawer. When Gensler and the SEC decided to speak with Paxos, the former issuer of the stablecoin, the asset’s value had been falling.
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