Coinbase: Major Catalysts or Regulatory Drivers Coming to the Cryptocurrency Market

2024-05-20 13:46:43

Collection

ChainCatcher news, Coinbase emphasized the significant impact of regulatory developments on the U.S. cryptocurrency market in its "Weekly Market Review" released on May 17. Coinbase stated, "The macro economy remains a key driver of cryptocurrency performance, although we believe the upcoming major catalysts may be regulation-driven."

Upcoming regulatory events include the U.S. Securities and Exchange Commission (SEC) decision on the spot Ethereum exchange-traded fund (ETF), potential actions by the White House regarding the SEC's SAB 121 repeal bill, and the U.S. House of Representatives voting on the "Financial Innovation and Technology for the 21st Century Act" (FIT). Potential stablecoin legislation, such as the "Lummis-Gillibrand Payment Stablecoin Act," may also accelerate this adoption cycle.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.