November 21st, 2023
Happy Tuesday Loyal Reader!
"Notably, the U.S. regulator’s latest enforcement action has recognized Cardano’s ADA, Solana (SOL), Polygon (MATIC), and others as unregistered securities."

The SEC's charges against US Crypto marketplace Kraken revealed their new classification of many large-cap altcoins. If this stands, many pre-mined altcoins could be subject to SEC regulation. $ADA - one of the last few weeks' biggest gainers - is down 7% in the last 24 hours. How did Kraken respond to this?


"House Financial Services Committee Chair... asked banking regulators to clarify 'through guidance and other actions' that SEC Staff Accounting Bulletin ('SAB') 121, which describes how a custodian must account for digital assets, is not enforceable."

After a reported "breakthrough" from BlackRock, crypto prices have skyrocketed these past few weeks.
Will the Bitcoin spot ETF open the floodgates?

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