Jerome Powell, der seit 2018 den Vorsitz der Federal Reserve innehat, hat den Gesetzgebern im Senat versichert, dass es unter ihm keine digitale Zentralbankwährung geben wird.
Hester Peirce said the government shouldn’t hinder people who want to try new things
- Commissioner Peirce wants a government that serves the American people and doesn’t stop others from trying new things
- Often referred to as “Crypto Mom,” Peirce sees herself more as a “freedom maximalist”
- Commissioner Peirce is head of the SEC’s new crypto task force
SEC Commissioner Hester Peirce has said that it’s been “extremely frustrating” watching what’s been happening within crypto when people want to try new things.
Speaking in an interview on Bloomberg, the newly appointed head of the Securities and Exchange Commission’s (SEC) new crypto task force said:
“Watching what’s happened to crypto for the past several years has just been extremely frustrating for someone who believes that government is there to serve the American people, not to stymie them when they’re trying new things.”
The crypto task force aims to provide regulatory clarity for the crypto industry. The agency is also planning to work with other agencies, including the Commodity Futures Trading Commission (CFTC) to achieve its goal.
Not a free-for-all
Commissioner Peirce, who’s often described as “Crypto Mom,” said she referred to herself more as a “freedom maximalist” rather than someone who’s an advocate for the industry.
When asked as a freedom maximalist if she believes the crypto industry should be regulated, Peirce said she was committed to using the existing statutory framework, adding that “it doesn’t mean a free-for-all all. It doesn’t mean you get to do whatever you want. We have rules in place and those rules will be enforced.”
At the same time, Peirce adds that US regulation is designed to have basic parameters while allowing people to have “maximum freedom to innovate and try new things…with the understanding that with that comes responsibility and that if something goes wrong, you don’t necessarily have someone to run to.”
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BTC eyes $97k from soft U.S. CPI, iDEGEN’s presale hits $21m
Key takeaways
- A soft U.S. inflation report later today could see Bitcoin rally above the $97k level.
- iDEGEN’s presale surpasses $21m ahead of the Feb. 27 listing.
Bitcoin trades above $96k ahead of CPI
The cryptocurrency market has been bearish this week, with BTC dipping below $94k on Tuesday. However, it is trading above $96k per coin and could rally higher on CPI news later today.
Analysts expect the January U.S. CPI report to show limited progress on inflation. It’s expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December’s 0.4% rise.
This will be positive news for risk-based assets like Bitcoin, and BTC’s price could surge past the $97k mark in the coming hours.
What is iDEGEN?
The cryptocurrency market is bearish this week, but investors continue to push more funds into new and promising projects. iDEGEN is a promising project that has attracted millions of dollars from investors.
It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. The project has raised over $20 million in its presale and allocated the money to launch several products and services.
According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool.
Its native token, $IDGN, will power various activities within the ecosystem. Although it will launch as a memecoin, iDEGEN will offer various utilities to its community and the broader crypto space.
Its launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months.
The $IDGN launch on exchanges will occur in roughly two weeks. Once it goes live, it could become one of the best-performing coins in the broader crypto market.
iDEGEN users feed the tool their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes.
iDEGEN’s presale hits $21m
Despite the current market conditions, the iDEGEN project continues to achieve new milestones. The presale has now officially surpassed $21 million from early investors.
In the current stage, the $IDGN token is worth $0.0236, and its price will increase to $0.0259 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges.
Once the presale ends, iDEGEN’s native token will list on centralised and decentralised trading platforms.
Is it ideal to invest in iDEGEN before its exchange listing?
The iDEGEN presale is still ongoing but will end in 14 days. It could become one of the biggest performers in the market once the $IDGN token is listed on cryptocurrency exchanges.
Its unique value proposition makes it an interesting memecoin. iDEGEN could gain massive adoption within the crypto ecosystem as its tool offers an excellent use case. Early investors stand a chance to earn excellent ROI once $IDGN goes live.
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Gemini receives in-principle approval for an investment firm license in Malta
- The approval marks a significant step for Gemini which has picked Malta as its EU hub for its MiCA application
- Gemini will be able to offer customers perpetual futures contracts and options throughout the EU and the EEA
- A growing number of crypto platforms are expanding their services to Europe
Crypto exchange Gemini has been granted in-principle approval for an investment firm license from Malta’s financial regulator.
In a blog post, Mark Jennings, Gemini’s head of Europe, announced the news on February 11. The step marks a significant moment for the crypto exchange which has picked Malta as its EU hub for its Markets in Crypto Assets (MiCA) application.
Jennings said that once the in-principle license is granted, Gemini will be able to offer perpetual futures contracts and options throughout the EU and the European Economic Area (EEA) under the Markets in Financial Instruments Directive II (MiFID II).
“Achieving in-principle approval marks a crucial step in our 2025 European expansion strategy,” Jennings added.
Expanding into Europe
Gemini’s in-principle approval comes at a time when more organizations are turning to Europe to expand their services.
Since the full rollout of the MiCA regulation in the EU at the end of 2024, a growing number of crypto platforms and service providers have already received approval. The approval of MiCA enables providers to offer their products and services in the EEA.
Companies that have received full MiCA licenses include Bitpanda, Boerse Stuttgart Digital, Circle, Coinbase, Crypto.com, MoonPay, and OKX.
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XRP ETF: Nasdaq beantragt Genehmigung bei der SEC
Die Nasdaq hat einen Antrag auf Zulassung von XRP-ETFs bei der US-amerikanischen Securities and Exchange Commission (SEC) eingereicht.