FameEX Morning Crypto News Recap | June 20, 2024

Consensys: SEC Will Not Classify 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. The post celebrated this as a significant victory for Ethereum developers, technology providers, and industry participants, marking the closure of the investigation.

At Least 40 Billionaires Globally Own Bitcoin

Statistics from HODL15Capital reveal that at least 40 billionaires globally hold Bitcoin.

Despite Biden’s Veto of SAB 121, His Actions Indicate Support for Onshore Crypto Innovation

Pantera Capital analysts believe President Biden's veto of SAB 121, a bill seen as supporting encryption, was likely to avoid opposing SEC Chairman Gary Gensler publicly. Despite the veto, Biden's actions indicate a favorable stance on onshore crypto innovation, signaling a shift in the current U.S. government's tone towards the industry.

Thailand's Central Bank's Gold Purchases Could Address CBDC Trading System Imbalances

Gold market analyst Jan Nieuwenhuijs suggested that the Bank of Thailand's ongoing gold purchases might indicate preparations to use the CBDC cross-border settlement project, mBridge, to address trading system imbalances. Analysts noted that just before mBridge released its minimum viable product (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 Outlines Four Strategic Priorities for Next Three Years

The Hong Kong Securities and Futures Commission's "2023-24 Annual Report" outlines four strategic priorities for the next three years: leveraging technology and ESG to lead market transformation, promoting tokenization to enhance industry efficiency, improving the virtual asset regulatory system, and providing guidance on the use of generative artificial intelligence large language models.

Bank of Canada: Future Monetary Policy Easing Likely to Be Gradual

Members of the Bank of Canada unanimously agreed that any future monetary policy easing will likely be gradual. The timing of rate cuts will depend on data and their impact on the future inflation trajectory.

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