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U.S. Regulators Clarify Crypto Assets Are Not Securities, PayPal Stablecoin Service Expands to 70 Countries
CryptoWorld News reports that according to a tweet from Watcher.Guru: the U.S. Securities and Exchange Commission has approved Nasdaq rules allowing for tokenized stocks and securities trading; senators and the White House have reached an agreement on disputes over crypto stablecoin earnings and banking; the SEC and the Commodity Futures Trading Commission jointly issued guidance confirming that “most crypto assets” are not securities; PayPal officially enabled stablecoin access in 70 countries; SEC Chairman Gary Gensler stated that the crypto market and millions of participants deserve overdue clarity; CFTC Chairman Rostin Behnam said that crypto will drive the “new frontier of finance”; U.S. national debt hit a new high of $39 trillion; Elon Musk’s xAI is recruiting Wall Street bankers and traders to train Grok financial modeling; Federal Reserve Chair Jerome Powell warned that conflicts between the U.S. and Iran pushing up energy prices will exacerbate inflation.