Daily Crypto News Sep 19: $33T Debt, Regulation Plea, Citigroup's Digital Token Service, SEC vs. Binance
In today's crypto news, Anatoly Yakovenko advocates for US lawmakers to regulate crypto to foster innovation in America, emphasizing the industry's potential. Citigroup steps into the blockchain arena by launching a smart contract digital token service tailored for institutions. The SEC takes action by demanding an inspection of Binance US as part of the "House of Mirrors" case, intensifying regulatory scrutiny. Blockchain Capital successfully closes funds totaling $580 million, signifying strong investor interest in blockchain, crypto gaming, and DeFi projects. Concerns arise as Bitcoin investors face a potential $100 billion loss, a development closely monitored in the crypto community. Lastly, PayPal's report shows the growing influence of stablecoins, with a total circulation of $131 billion.
#CryptoNews #Regulation #Citigroup #Blockchain #SEC #Binance #BlockchainCapital #Bitcoin #PayPal #Stablecoins
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News Links π
https://www.youtube.com/watch?v=F9cO3-MLHOM&t=4s
https://decrypt.co/197602/citigroup-launches-smart-contract-digital-token-service-for-institutions
https://decrypt.co/197620/sec-demands-binance-us-inspection-in-house-of-mirrors-case
https://cointelegraph.com/news/bitcoin-investors-federal-reserve-100-billion-loss
https://decrypt.co/197688/paypal-pyusd-report-stablecoins-131-billion
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