The historical shift in the Securities and Exchange Commission (SEC) favors digital assets, which is one of the most important developments in the current Trump administration. However, investors may not fully grasp what it means to crypto adoption and its integration into the core of U.S. financial services.
This is one of the key points of Bitwise Cio Matt Hougan’s recent speech, who believes the market underestimates the regulatory backlash that is now forming in the world’s largest economy.
Project CryptoThe SEC’s plan to modernize its approach to digital assets announced last week a task force responding directly to White House digital assets. The program aims to create clearer and more consistent crypto regulations.
This week’s Crypto Biz covers the SEC’s growing stance, including its latest guide on liquid-containing tokens, Hougan’s bullish comments, institutional adoption that continues to adopt Bitcoin, and the growing IPO momentum across the cryptocurrency industry.
SEC says “certain liquid discharge activities” are external securities laws
In a continuing shift to clearer digital asset regulations, the US SEC clarifies Certain liquid evaporation exercises It does not constitute a securities product and therefore does not fall within its jurisdiction.
The clarification was derived from an employee statement issued on August 5, in which the agency stated: “Based on facts and circumstances, the liquid placement activity covered in the statement does not involve quotations and sales of securities.”
The SEC places liquids into a process defined as a pile-up of cryptocurrencies through protocols or software, thereby obtaining a liquid possession receipt token in exchange for ownership.
“Today’s staff statement is an important step in liquid statements, illuminating employee perceptions of crypto assets activities that are not within the SEC’s jurisdiction,” said SEC Chairman Paul Atkins.
According to Defilama, liquid storage is already the $57 billion industry for all agreements. Liquids on Ethereum account for $51 billion of the total.
SEC’s Pro-Crypto shifts are not fully priced yet – bit
According to the market, the SEC’s supportive position on the cryptocurrency industry has not yet been fully explained. Bitwise Cio Matt. He believes investors underestimate the most bullish regulatory shift in digital assets in recent memory.
Hougan pointed out that the Securities and Exchange Commission (SEC) speech at the First Institute of Policy Paul Atkins, who advocated blockchain as the fundamental pillar of the future of financial markets. Hougan acknowledged that the remarks caught him off guard, questioning whether the market actually priced them.
“The most bullish document I’ve read on Crypto was not written by Yahoo on Twitter. It was written by the SEC Chairman,” Hougan said.
Atkins recently published several pro-Rypto statements and told CNBC in July that “tokenization is an innovation” and identified that The era of “regulation through law enforcement” is over Under his leadership.
Michigan pension funds boost Bitcoin exposure
Michigan Retirement System Significantly increased exposure to Bitcoinnearly tripled its holdings in the Ark Spot Bitcoin ETF, a move that further emphasizes institutional support for digital assets.
According to its latest regulatory filings, the state’s pension fund holds 300,000 shares of the ARK 21Shares Bitcoin ETF (ARKB) as of June 30, worth approximately $10.7 million. This marks a sharp increase compared to the 110,000 shares reported a year ago.
Assuming the fund has maintained its position, the value of its Bitcoin risk may grow further, which is due to the recent growth of Bitcoin above $110,000, while the brief spike exceeded $123,000 in July.
Michigan is not the only state pension fund to invest in Bitcoin ETFs. Earlier this year, the Wisconsin Investment Commission $321 million of BTC revealed Through Blackstone ishares Bitcoin Trust (IBIT).
Coindesk owner eye $4.2 billion IPO valuation
Blulish is the digital asset exchange behind Coindesk, the world’s second largest cryptocurrency publication, and is pursuing an initial public offering (IPO), which could value the company as much as $4.2 billion.
According to SEC filings, the company aims to raise $568 million to $629 million through its IPO, with major institutional investors including Blackrock and ARK Investment Management reportedly receiving strong interest.
The bullish stock price ranges from $28 to $31, offering 20.3 million shares and raising its estimated valuation to $4.2 billion.
The company joins Crypto companies continue to grow This year seeks public listings, along with names like Bitgo, Kraken and Okx.
Crypto Biz is the weekly pulse of the business behind blockchain and cryptocurrencies you deliver directly to your inbox every Thursday.
