Here’s what happened in crypto today

 Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation

The United States Securities and Exchange Commission (SEC) has denied Coinbase's petition for rulemaking on transactions with cryptos that are classified as securities. Meanwhile, Blockstream CEO Adam Back tells Cointelegraph 2024 promises to be a resurgent period, and SafeMoon's price dropped following its Chapter 7 bankruptcy filing. 

SEC finally responds to Coinbase's crypto rulemaking petition

The U.S. securities regulator has informed Coinbase that separate rulemaking for cryptocurrencies that are classified as securities is unnecessary because existing laws are sufficient to cover the asset class.

Here’s what happened in crypto today

 

 SEC chair Gary Gensler announced the commission's response to Coinbase's petition, filed in July 2022, on Dec. 15. He argued that existing rules already apply to crypto. 

$100K BTC? Don’t undervalue Bitcoin ETF influence, says Adam Back

The COVID-19 pandemic, rampant inflation and regional conflicts directly influenced Bitcoin’s drop in value over the past two years. However, 2024 promises to be a resurgent period, according to Blockstream CEO Adam Back

The cryptographer, who pioneered the proof-of-work algorithm applied in Bitcoin’s protocol, tells Cointelegraph that the preeminent cryptocurrency is trailing below the historical price trend line of previous mining reward halving events.

cryptocurrency price today latest news

SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy

The token of decentralized finance protocol SafeMoon (SFM) has fallen 31% in five hours after the company filed for bankruptcy. 

 Safemoon officially applied for Chapter 7 bankruptcy, also known as “liquidation bankruptcy," in a Dec. 14 filing to the United States Bankruptcy Court in the District of Utah. The voluntary petition was filed by attorney Mark Rose, with Chief Judge Joel T. Marker assigned to the case.

Read the full topic at

https://cointelegraph.com/news/what-happened-in-crypto-today

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