SEC Chair Gary Gensler called out non-compliance with securities laws and emphasized that most crypto tokens should be subject to existing securities laws during a Senate hearing. Franklin Templeton filed a proposal with the SEC for a spot Bitcoin ETF, joining other firms trying to do the same. The blockchain protection company coin cover released a report outlining barriers to crypto adoption, including theft and security hurdles. Crypto exchanges are the least trusted among non-crypto users. The report found that Bitcoin is the most popular cryptocurrency followed by NFTs and Ethereum. About 17% of those surveyed currently own cryptocurrencies, and 30% said they will likely invest in the next 12 months.
1. SEC chair Gary Gensler calls for crypto compliance and proposes updating rules for investment advisors.
2. Franklin Templeton files proposal for spot Bitcoin ETF.
3. Coin cover releases report on barriers to crypto adoption, including trust issues and security concerns.
4. Bitcoin, ether, and Solana experience gains in the crypto market.
5. Hackers use Sim swap to take over Ethereum founder Vitalik Buterin's account and post a malicious link.
6. Coin cover survey shows increasing ownership of digital assets and a positive outlook for crypto growth, but also indicates concerns around volatility, theft, and security.
7. Crypto exchanges are the least trusted financial services provider among non-crypto users.
8. More traditional finance organizations are investing in technology to offer crypto underpinned products.
9. Risk appetite varies among individuals, highlighting a need to address different risk levels to achieve crypto growth.