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The recent decision by the US Supreme Court to overturn the Chevron doctrine has significant implications for the regulation of cryptocurrency, according to economist Timothy Peterson. The Chevron doctrine, established in 1984, had allowed federal courts to defer to agency interpretations of laws and statutes. With this decision, the SEC’s authority to regulate crypto as
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Bitcoin’s price has been consolidating above the $60,550 support zone, but it is facing challenges in breaking above key resistance levels. The cryptocurrency is currently trading above $61,500 and the 100 hourly Simple Moving Average, indicating some stability in the market. However, the price has failed to recover above the $62,200 and $62,400 levels, making
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Keisha Lance Bottoms, the soon-to-be senior campaign adviser for Joe Biden, recently made headlines by stating that crypto is a nonpartisan issue. According to Bottoms, crypto is a nonpolitical and unifying topic that has garnered bipartisan support across the United States. She emphasized that crypto and blockchain technologies are transforming the financial system and empowering
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One prominent crypto analyst, Alessio Rastani, has issued a stark warning regarding the future of XRP. Through his recent analysis of the chart, Rastani pointed out troubling signs that suggest XRP is in “trouble.” His chart analysis highlighted specific indicators that signal potential further price declines for the beleaguered crypto token. Rastani’s assessment reveals a
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Paradigm has raised concerns over the European Securities and Markets Authority’s (ESMA) proposed regulations under the Markets in Crypto Assets Regulation (MiCA), particularly regarding the misinterpretation of Maximum Extractable Value (MEV). ESMA recently stated that MEV will be considered a form of market abuse under the upcoming MiCA framework. However, Paradigm argues that ESMA’s current
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