• Mark Cuban had a debate with former SEC official about crypto regulations.
• BlackRock filed for spot Bitcoin ETF, and Coinbase will serve as custodian for BTC holdings.
• Bakkt delisted Cardano, Polygon, and Solana due to regulatory uncertainty surrounding these assets.
Mark Cuban Debates Crypto Regulations
Mark Cuban recently had a debate with a former SEC official regarding crypto regulations. This comes amidst congressional scrutiny of the BlackRock’s spot Bitcoin Exchange Traded Fund (ETF) application, which has moved forward in the process.
BlackRock Files for Spot Bitcoin ETF
In addition to this, BlackRock has officially filed an application for a spot Bitcoin ETF. In conjunction with this filing, Coinbase is set to act as the custodian of BTC holdings.
Binance US Cuts Staff Following SEC Charges
It was reported that Binance US has cut 50 staff members following SEC charges against the exchange and its founder Do Kwon’s detention being extended by six months by Montenegrin court.
Bakkt Delists Assets Amid Regulatory Uncertainty
Crypto platform Bakkt has delisted Cardano, Polygon and Solana due to ongoing regulatory uncertainty surrounding these assets. Despite this move, Bakkt still supports 8 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB) and Dogecoin (DOGE).
