Senator Elizabeth Warren’s Win in Battle with Cryptocurrency Industry
Senator Elizabeth Warren secures a win as former Rep. Sean Patrick Maloney pledges to cease involvement in crypto matters if confirmed as President Joe Biden’s ambassador to the OECD. Maloney’s commitment to resign from private-sector advisory work and recuse himself from crypto decision-making has garnered Warren’s support for his confirmation, pending Senate consideration. This development reflects Warren’s influence on administration personnel and her efforts to address the intersection of Washington and corporate America, particularly in relation to the crypto industry.
Ark Invest Makes Significant Changes to ETF Holdings
Ark Invest, led by Cathie Wood, is making significant changes to its ETF holdings, selling off shares of Coinbase and reinvesting in other stocks. The move comes as Coinbase’s stock has seen a remarkable surge in value, prompting Ark to…
Coinbase awaits approval for bitcoin ETF
Coinbase, a popular cryptocurrency exchange, is currently awaiting approval for a bitcoin exchange-traded fund (ETF), which could have a significant impact on its valuation. The valuation of Coinbase, a leading platform for buying, selling, and storing various cryptocurrencies, is closely…