FameEX Morning Crypto News Recap | June 20, 2024

Consensys: SEC Won't Treat ETH Sales as Securities Transactions

Ethereum developer Consensys announced on June 19 via an X post that the SEC’s Enforcement Division has concluded its investigation into Ethereum 2.0. This closure is celebrated as a significant victory for Ethereum developers, technology providers, and industry participants.

Over 40 Billionaires Worldwide Own Bitcoin

HODL15Capital statistics indicate that at least 40 billionaires worldwide hold Bitcoin.

Despite Vetoing SAB 121, Biden's Actions Signal Support for Onshore Crypto Innovation

Pantera Capital analysts suggest President Biden's veto of SAB 121 aimed to avoid opposing SEC Chairman Gary Gensler publicly. Despite this, Biden's actions show support for onshore crypto innovation, signaling a shift in the current U.S. government's stance towards the industry.

Thailand's Central Bank Gold Purchases May Correct CBDC Trading System Imbalances

Gold market analyst Jan Nieuwenhuijs suggested that the Bank of Thailand's gold purchases may indicate preparations to use the CBDC cross-border settlement project, mBridge, to address trading system imbalances. Analysts noted that just before mBridge released its MVP, China and Thailand, both founding members of mBridge, signed a bilateral local currency transaction cooperation framework.

Hong Kong Securities and Futures Commission's 2023-24 Annual Report Details Four Strategic Priorities for the Next Three Years

The Hong Kong Securities and Futures Commission's "2023-24 Annual Report" outlines four strategic priorities for the next three years: using technology and ESG to transform the market, promoting tokenization to boost industry efficiency, enhancing the virtual asset regulatory system, and guiding the use of generative AI large language models.

The Bank of Canada indicated that future monetary policy easing is likely to be gradual

Bank of Canada members unanimously agreed that future monetary policy easing will likely be gradual, with the timing of rate cuts dependent on data and their impact on future inflation trends.

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