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The "financialists" are not opposing bitcoin because it poses a threat, but are fighting to get a share of it, as they have realized that bitcoin is the cornerstone of the next financial system.
This bill uses classification-based regulation to end the debate over whether crypto assets are securities or commodities, reshapes the division of responsibilities between the SEC and CFTC, and accelerates the institutionalization of crypto regulation in the United States.
PI token’s performance since November has been underwhelming with the altcoin crashing by almost 10% in the past two weeks alone. The token has already wiped out a large portion of its earlier recovery.
Visa launches a Stablecoins Advisory Practice. It aims to help banks and fintechs adopt stablecoins for payments and settlements.