SEC pulls own appeal in case over crypto broker-dealer rules
The Securities and Exchange Commission (SEC) has recently made a decision to drop its court appeal in a case that it lost last year. This case involved the expansion of the definition of a dealer, which was seen as a potential threat to decentralized finance platforms. This move by the SEC has been met with mixed reactions from the cryptocurrency community, with some seeing it as a victory for decentralized finance and others questioning the motives behind the decision.
For those unfamiliar with the case, the SEC had attempted to broaden the definition of a dealer to include individuals or entities that facilitate the buying and selling of digital assets. This would have required decentralized finance platforms, which allow for peer-to-peer transactions without the need for intermediaries, to register with the SEC and comply with its regulations. Many in the cryptocurrency space saw this as a direct attack on the principles of decentralization and innovation.
However, the SEC’s decision to drop its appeal means that the current definition of a dealer will remain unchanged. This is a relief for decentralized finance platforms and their users, as it allows them to continue operating without the burden of regulatory compliance. It also sets a precedent for future cases involving the SEC and decentralized finance, potentially protecting the industry from further attempts to stifle its growth.
While this may seem like a victory for decentralized finance, some are questioning the true intentions behind the SEC’s decision. Some speculate that the SEC may be biding its time and waiting for a more opportune moment to push for stricter regulations on decentralized finance. Others believe that the SEC simply did not have a strong enough case to win the appeal and decided to cut their losses.
Regardless of the reasoning behind the SEC’s decision, it is clear that the battle between regulators and decentralized finance is far from over. As the industry continues to grow and gain mainstream attention, it is likely that we will see more attempts by regulators to assert their authority. Only time will tell how this ongoing conflict will play out, but for now, decentralized finance can breathe a sigh of relief.
Montana becomes 4th US state to advance Bitcoin reserve bill to House
Montana is making strides in the world of cryptocurrency by passing a Bitcoin reserve bill at the subcommittee level. This exciting development makes Montana the fourth state in the US to advance a bill related to Bitcoin to the House. This move is a significant step towards the widespread adoption and acceptance of Bitcoin as a legitimate form of currency.
The bill, known as the “Montana Bitcoin Reserve Bill,” aims to establish a state-level Bitcoin reserve for the purpose of promoting and supporting the use of Bitcoin in everyday transactions. This reserve would be managed by the state treasurer and would hold a certain amount of Bitcoin, which would be used to facilitate transactions and promote the growth of the cryptocurrency market in Montana.
This move by Montana is a clear indication of the state’s recognition of the potential and value of Bitcoin. With the increasing popularity and acceptance of Bitcoin worldwide, it is no surprise that states like Montana are taking steps to embrace this digital currency. By creating a state-level Bitcoin reserve, Montana is not only showing its support for the cryptocurrency but also positioning itself as a leader in the adoption of innovative financial technologies.
The passing of this bill at the subcommittee level is a significant milestone, but it still has a long way to go before becoming law. However, the fact that it has made it this far is a promising sign for the future of Bitcoin in Montana. If the bill is ultimately passed into law, it could have a significant impact on the state’s economy and could potentially attract more businesses and investors who are interested in utilizing Bitcoin.
Montana’s Bitcoin reserve bill is just one example of the growing acceptance and integration of cryptocurrencies into our daily lives. As more states and countries recognize the potential of Bitcoin and other digital currencies, we can expect to see even more developments and advancements in this exciting and ever-evolving market.
DeFi will soon pump harder than in DeFi summer: dYdX Foundation CEO
As the world of decentralized finance (DeFi) continues to grow and evolve, many experts are predicting that September will be a pivotal month for the industry. Charles d’Haussy, CEO of the dYdX Foundation, is one of those experts, and he believes that the DeFi space is about to experience a major boom.
In a recent interview, d’Haussy shared his insights on the current state of DeFi and what we can expect in the coming months. He believes that September will be a turning point for the industry, with more entry points for new users than ever before. This means that DeFi will become more accessible and user-friendly, making it easier for people to get involved and reap the benefits of this rapidly growing sector.
One of the main reasons for this predicted boom is the increasing interest and investment from traditional financial institutions. As more and more traditional players enter the DeFi space, it will bring in a new wave of users and capital, driving the industry to new heights.
But it’s not just traditional institutions that are fueling the DeFi boom. The rise of decentralized exchanges (DEXs) and the growing popularity of yield farming are also contributing to the growth of the industry. These innovative platforms and strategies are attracting a diverse range of users, from experienced traders to everyday individuals looking to earn passive income.
d’Haussy also believes that the DeFi space will continue to innovate and evolve, with new and exciting projects emerging in the coming months. This will create even more opportunities for users to participate and benefit from the DeFi ecosystem.
In conclusion, September is shaping up to be a game-changing month for DeFi. With more entry points, traditional institutions, and innovative projects, the industry is set to experience a major boom. So if you haven’t already, now is the time to get involved in DeFi and be a part of this exciting and rapidly growing space.
Trump mulls passing on 20% of DOGE savings to Americans
In a surprising turn of events, US President Donald Trump has recently expressed interest in the popular cryptocurrency, Dogecoin. The eccentric leader has proposed a unique idea of sharing the savings generated from Dogecoin’s cost-cutting measures with the American people.
Dogecoin, a digital currency that started as a joke, has gained significant attention in recent years due to its growing popularity and increasing value. The cryptocurrency has been on a cost-cutting crusade, with its CEO Elon Musk leading the way. This has resulted in significant savings for the company, which has caught the attention of President Trump.
In a statement, Trump suggested that a portion of these savings should be distributed among the American people, as a way to boost the economy and provide financial relief to citizens. This proposal has sparked a debate among experts and the public, with some praising the idea and others questioning its feasibility.
While some may view this as a political move by the President, others see it as a potential opportunity for the American people to benefit from the success of a digital currency. With the rise of cryptocurrencies and their impact on the global economy, this proposal could potentially pave the way for a new form of economic stimulus.
However, there are also concerns about the stability and regulation of cryptocurrencies, which could pose a risk to the economy if not properly managed. As with any new and emerging technology, there are still many unknowns and potential risks that need to be carefully considered.
Regardless of the outcome, the fact that a world leader like President Trump is acknowledging and considering the potential of cryptocurrencies is a significant milestone for the industry. It highlights the growing influence and impact of digital currencies on the global economy and opens up new possibilities for their integration into traditional financial systems.
Only time will tell if this proposal will come to fruition, but one thing is for sure – the world of cryptocurrencies is constantly evolving and making its mark on the world stage.
86% of LIBRA traders have realized a loss of more than $1K: Nansen
The recent rise of meme coins has taken the cryptocurrency world by storm, with new coins popping up every day and gaining popularity among investors. One such coin, LIBRA, was endorsed by Argentine president Javier Milei and promised to be the next big thing in the crypto market. However, things took a turn for the worse when it was revealed that over 13,000 investors who had put their trust and money into LIBRA had lost a staggering $251 million.
This shocking revelation was brought to light by blockchain research firm Nansen, who analyzed the transactions and wallets associated with LIBRA. The firm found that the majority of the investors were from Argentina, where Milei’s endorsement had created a frenzy around the coin. Many of these investors were lured in by the promise of quick and easy profits, only to be left with significant losses.
The downfall of LIBRA serves as a cautionary tale for those looking to invest in meme coins. While these coins may seem like a fun and exciting way to make money, they often lack the stability and credibility of established cryptocurrencies. In the case of LIBRA, the coin’s value was solely dependent on the hype created by Milei’s endorsement, rather than any real-world use or technology.
This incident also highlights the need for proper research and due diligence before investing in any cryptocurrency. With the market being flooded with new coins, it can be tempting to jump on the bandwagon and invest without fully understanding the risks involved. However, as seen with LIBRA, this can lead to significant financial losses.
In conclusion, the downfall of LIBRA and the losses suffered by its investors serve as a reminder to approach meme coins with caution and to always do thorough research before investing. While the cryptocurrency market can be lucrative, it is also highly volatile, and it is essential to make informed decisions to protect your investments.
Bitfinex Bitcoin long positions reach $5.1B — Is someone buying or hedging?
The cryptocurrency market has been on a rollercoaster ride in recent months, with Bitcoin experiencing a significant dip in value before bouncing back and reaching new highs. As the leading cryptocurrency, Bitcoin’s movements often dictate the overall sentiment and direction of the market. And according to analysts, the recent surge in Bitfinex longs could be a sign that the Bitcoin bull run is ready to resume.
For those unfamiliar, Bitfinex is a popular cryptocurrency exchange where traders can buy and sell various digital assets, including Bitcoin. Long positions on Bitfinex refer to traders who are betting on the price of Bitcoin to increase, while short positions are for those who believe the price will decrease. So when Bitfinex longs soar to a whopping $5.1 billion, it’s a clear indication that traders are confident in Bitcoin’s future.
But is this surge in Bitfinex longs a reliable indicator of the Bitcoin bull run? Some analysts believe that it could be a false signal, as the market is still recovering from the recent dip and could experience further volatility. They argue that the surge in Bitfinex longs could be a result of traders trying to catch the bottom of the market, rather than a genuine belief in a sustained bull run.
Others, however, are more optimistic and see the surge in Bitfinex longs as a positive sign for Bitcoin’s future. They point to the increasing adoption of Bitcoin by institutional investors and the growing interest from mainstream companies like PayPal and Square. These developments, combined with the limited supply of Bitcoin, could lead to a significant increase in its value in the long term.
So, are analysts mistaken in their speculation that the Bitcoin bull run is ready to resume? Only time will tell. But one thing is for sure, the cryptocurrency market is always full of surprises, and anything can happen. As always, it’s essential to do your own research and make informed decisions when it comes to investing in Bitcoin or any other digital asset.
Nigeria files $81.5B lawsuit against Binance exchange: Report
Nigeria’s economy has been experiencing a significant increase in its money supply, with a reported 17% rise in M2 (a measure of the total money supply) in January 2025. This news, reported by Nairametrics, has raised concerns about the country’s currency and its value.
The rise in money supply can have a diluting effect on a currency’s value, as more money in circulation can lead to inflation and decrease in purchasing power. This is a cause for concern for Nigerians, as it could mean higher prices for goods and services, making it more difficult for people to afford their basic needs.
But what exactly is causing this increase in money supply? One factor could be the government’s efforts to stimulate the economy and provide relief during the ongoing pandemic. With businesses struggling and people losing their jobs, the government has been injecting money into the economy to keep it afloat. However, this has also led to an increase in the money supply, which could have long-term consequences.
Another factor could be the rise in digital currencies, such as Bitcoin, in Nigeria. As more people turn to these alternative forms of currency, it could be contributing to the increase in M2. This is a trend that is being seen globally, as digital currencies gain more mainstream acceptance.
The rise in money supply is not a new issue for Nigeria, as the country has been struggling with inflation for years. However, this recent increase has raised concerns about the stability of the currency and the overall health of the economy.
It is important for the government to closely monitor the money supply and take necessary measures to prevent further dilution of the currency’s value. This could include implementing tighter monetary policies and promoting financial literacy among citizens.
In conclusion, the increase in Nigeria’s money supply is a cause for concern and highlights the need for careful management of the economy. As the country continues to navigate through the challenges of the pandemic and the rise of digital currencies, it is crucial to find a balance between stimulating the economy and maintaining the value of the currency.
Price analysis 2/19: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK, XLM, LTC
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.