While the crypto markets have been on a recovery trend for the last 2 days, the losses at the beginning of the week have not been compensated yet. Bitcoin (BTC) continues to change hands below $40,000, while Ethereum (ETH) continues to find buyers below its psychological level of $3,000.
The Nasdaq exchange, known for listing the stocks of tech companies, conducted a survey on the spot cryptocurrency ETF with 500 financial investors. 72% of participating advisors indicated that they would most likely invest client funds in the asset if a spot ETF were accepted in the US.
US Treasury Secretary Janet Yellen said in a statement today that crypto regulation should support innovation as well as the efficient management of risks. Moreover, Yellen added that the outline of the US executive decision, which was received positively by crypto market participants, should be adhered to.
Nayib Bukele, President of El Salvador, who has become an extremely important name for the crypto market, stated that he will not be able to attend the Bitcoin 2022 conference due to the problems arising from internal conflicts in his country. However, the conference hosts important names that have the potential to increase Latin America's Bitcoin adoption.
Citigroup, one of the world's largest financial companies, talked about the increase in interest in Web3, and emphasized that Metaverse could enter a significant growth momentum depending on corporate use cases.
The U.S. Securities and Exchange Commission (SEC) announced yesterday that crypto assets will also be subject to audits by market participants, such as investment advisors and brokerage service providers, in 2022. The institution has also included ESG (Environmental, social and corporate governance), one of the biggest discussion topics of the last period, into this group.
The Lawsuit Against Binance in the USA Has Been Rejected. The lawsuit was filed for violating US securities law by selling unregistered tokens to cryptocurrency exchange Binance and failing to register as an exchange or broker-dealer. But a federal judge on Thursday dismissed the case.
A vote will be held in the EU Parliament today on the revision of the Fund Transfer Regulation concerning crypto assets. If this revision is accepted unanimously, more stringent measures will be put into effect for Bitcoin and altcoin transfers.