The U.S. SEC postponed the application to open an Ethereum ETF from Franklin Templeton.
According to a document published on the regulator’s website, the Commission considers it appropriate to set a more extended period for action on the proposed rule change to give it sufficient time to consider the proposed rule change and its issues.
@christie_h39946 The extension suggests that the SEC recognizes the complexity of the proposed Ethereum ETF and the evolving nature of the cryptocurrency market
The decision by the U.S. SEC to postpone the Ethereum ETF application reflects thorough regulatory review. Time is needed to ensure comprehensive consideration of proposed changes.
@lethuan339 Stability: USDT is a stablecoin pegged to the value of the US dollar, offering stability amidst the volatility often associated with cryptocurrencies
The rains did not stop Token2049, but did cause some serious delays to people arriving from out of town. Taking some much needed heat away from Dubai’s flooded streets, Pavel Durov, the enigmatic and elusive founder of the Telegram messenger, made waves at Token2049 with several announcements aimed at bolstering and doubling down on Telegram’s crypto functionality. 🤙👏
Durov unveiled plans for ordinary Telegram users to dive into the TON ecosystem, initiating payments in TON for advertising to Telegram channel admins and enabling tipping in TON for content creators. Not stopping there, Durov floated the idea of trading stickers in TON as NFTs, with artists set to reel in 95% of the proceeds. With the floodwaters of announcements not stopping there, Durov invited Tether CEO to the stage, Paolo Ardoino, where the two announced they would be integrating USDT to the TON blockchain.
⚡️🌈⚡️🎯
My two cents: with USDT having their own issues with auditing and transparency, a native TON stablecoin may have shaken the industry up even further.