Conference Announcement

The Block has officially announced its premier conference, Emergence, set to take place in Prague on December 5-6, 2024. The event promises to be a significant gathering for discussions on the collective future of cryptocurrency.

Market Reactions

Following a rally on Friday, Bitcoin and Ether experienced a dip, influenced by expectations of rate cuts and reports of an assassination attempt on Donald Trump. These external events have contributed to volatility in the crypto market.

SEC's Controversial Statement

The SEC has asserted that when it referred to 'crypto asset securities,' it did not intend to imply that tokens themselves are securities. This clarification followed significant scrutiny over its terminology and enforcement actions against various crypto entities.

Industry Skepticism

Legal experts and crypto industry figures have reacted skeptically to the SEC's attempt to redefine its terminology. Comments from figures such as Jake Chervinsky and Paul Grewal highlighted widespread disbelief and frustration with the regulatory body's shifting stance.

Inflows and Stablecoins

In related news, stablecoin issuers have frozen $5 million tied to the Lazarus Group, while the U.S. spot Bitcoin ETFs have noted their highest daily inflows in almost two months, as Bitcoin approaches the $60,000 milestone.

Source: https://www.theblock.co/post/316406/sec-crypto-asset-securities

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