Cathie Wood stands by $1.5M BTC price, CZ’s dog, and more: Hodler’s Digest, Feb. 9 – 15
ARK Invest’s Cathie Wood says the odds of Bitcoin hitting $1.5M “have gone up,” CZ’s dog’s name sparked a memecoin frenzy, and more
The US Securities and Exchange Commissions Crypto Task Force met with several representatives from the cryptocurrency and traditional finance sectors to discuss regulatory issues impacting digital assets in early February. Key themes included staking, clear guidelines for exchange-traded products (ETPs) and a new framework for policing the emerging asset class.
According to memoranda available on the SECs website, the Crypto Task Force met with the Blockchain Association, an industry lobby group, on Feb. 4. The lobby group suggested six priority areas the task force should focus on to tackle issues that impact the digital asset industry.
In addition to establishing regulatory principles and clearer guidelines, the lobby group requested that the SEC adopt a pro-innovation approach to broker-dealers, custodians and exchanges; establish uniform ETP standards; and ensure protocol staking is not classified as a security.
