BITCOIN SURGES 10% IN APRIL AS SEC OUTLINES CRYPTO PLANS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Bitcoin climbed more than 10% throughout April as the SEC Chair detailed regulatory approaches for cryptocurrency markets. The gains come amid renewed institutional interest and clearer regulatory guidance.
■ MORE FROM THE CRYPTO DESK
The Securities and Exchange Commission has postponed releasing an 'innovation exemption' that would permit crypto firms to trade tokenized versions of U.S. stocks, according to sources cited by Bloomberg.
Prediction market platform Polymarket has applied for regulatory approval from the CFTC and NFA to offer margin trading in the United States. The feature would allow users to place bets with less capital upfront.
Circle Internet Group received regulatory approval to establish a national digital-currency trust bank, enabling it to offer institutional custody services for its stablecoin operations.
A federal judge dismissed Sam Bankman-Fried's request for a new trial, calling it a waste of court resources. The FTX founder claimed the Biden administration's DOJ unfairly targeted him after he publicly identified as Republican.