This Week In Crypto

  • SEC steps back from defining digital assets in new hedge fund rules. The United States securities regulator is holding off from ratifying the definition of the term “digital assets” in rules that govern reporting disclosures for hedge and private equity funds, despite proposing to do so some nine months ago. The regulator says it’s not going ahead with adding the definition, at least for now.
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  • Bitcoin Rises Toward $30,000 as Bank Woes Ripple Across Markets. Bitcoin ($BTC) and the wider crypto markets pushed higher Thursday as investors reacted to the latest signs of stress in the regional US banking sector* and digested the Federal Reserve’s monetary policy decision. Crypto proponents argue that eroding confidence in fiat currency and the banking system is bolstering the case for Bitcoin.

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