FameEX Morning Crypto News Recap | March 26, 2024

EU Commences Inquiry into Apple, Google, Meta for Alleged Infringements of Digital Markets Act

On March 25, the European Commission launched an investigation into whether Apple, Meta, Amazon, and Alphabet (the parent of Google) are complying with the Digital Markets Act (DMA). The Commission suspects that the actions taken by these leading tech companies may not fully align with the DMA's stipulations, questioning the adequacy of their efforts to meet the act's obligations.

SWIFT Targets Creation of a Platform to Integrate CBDCs with Existing Financial Infrastructure Within 1-2 Years

SWIFT is set to launch a key project aimed at creating a platform in the next one to two years, designed to integrate emerging central bank digital currencies (CBDC) with today's financial system. This effort marks a critical step in the development of the growing CBDC landscape, expected to advance alongside the rollout of the first significant CBDCs.

Leading Central Banks Worldwide Ready to Initiate New Cycle of Easing Policies, Drawing Investments Back to China

The conclusion of the "Super Central Bank Week" saw major economies like the United States, Japan, the United Kingdom, and Switzerland reveal their latest interest rate policies. As a result, the influx of global capital into U.S. and Japanese stock markets has diminished, with foreign investment increasingly shifting back towards the Chinese market.

U.S. Securities and Exchange Commission Eyes $2 Billion Fine for Ripple Labs

The SEC has sought a New York court's approval to impose a $2 billion fine on Ripple Labs, as stated by Ripple's chief legal officer, Stuart Alderoty. A document outlining the SEC's request will be publicly released on March 26, signaling a pivotal move towards resolving Ripple Labs' long-standing legal conflict with the SEC.

European Equities Record Longest Nine-Week Rally in Nearly a Dozen Years

Following a historic nine-week surge, the longest in almost 12 years, European stocks maintained stability. The Stoxx Europe 600 index saw slight adjustments at its London close, buoyed by encouraging remarks from various central banks last week, which bolstered the positive sentiment among investors towards risk assets.

US Fashion Company Beba Challenges SEC, Sues Over Digital Assets Being Labeled as Securities

The U.S. apparel company Beba, in partnership with the DeFi Education Fund, has filed a legal challenge against the SEC over its designation of digital assets as securities. This action seeks to clarify the status of Beba's complimentary token distribution, aiming to protect the firm from any prospective regulatory enforcement by the SEC.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​