Bitcoin holding above $80,000 with altcoins and Coinbase rebounding in a financial chart illustration.
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Bitcoin holds above 80,000 as altcoins and Coinbase rebound

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Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.

SEC Chair Paul Atkins proposed a limited innovation pathway for on-chain trading systems during a May 8 speech. The approach draws from the agency's 1990s handling of electronic markets and aims to provide conditional access before permanent rules are set.

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The U.S. Securities and Exchange Commission has extended its review period for exchange-traded funds tied to prediction markets. These ETFs from Roundhill, Bitwise, and GraniteShares track odds on political races and economic indicators. The agency is seeking further clarity on their structure and disclosures.

U.S. Securities and Exchange Commission Chairman Paul Atkins will speak at the Digital Chamber's DC Blockchain Summit, which is primarily sponsored by Unicoin, a cryptocurrency firm currently in a legal dispute with the SEC. Unicoin's CEO claims that Atkins is being misled by enforcement staff from the previous administration. The event highlights tensions between regulators and the crypto industry.

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Newly surfaced emails from Jeffrey Epstein's files from 2018 mention potential discussions about cryptocurrency with Gary Gensler, before he became SEC Chair. The documents suggest Epstein planned to speak with Gensler, who was then a professor at MIT, but no evidence confirms any meeting occurred. The revelations also highlight Epstein's investments in early crypto projects like Coinbase.

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission held a joint event on January 29 to discuss harmonizing their approaches to cryptocurrency oversight. Chairmen Paul S. Atkins and Michael S. Selig announced Project Crypto as a collaborative initiative to streamline regulations and foster innovation. The effort aims to position the United States as the global crypto capital, in line with President Donald Trump's vision.

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A recent SEC filing outlines a proposed cryptocurrency exchange-traded fund (ETF) tracking an S&P index, with bitcoin, ethereum, and XRP as the leading assets. This development highlights potential for concentrated exposure to top digital assets in U.S. markets. Regulators are currently evaluating structures for index-based crypto funds.

 

 

 

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