$BTC

In the latest developments regarding the regulation of digital currencies in the United States, the Chairman of the Securities and Exchange Commission (SEC), Paul Atkins, announced plans to update regulatory frameworks to include digital assets. This initiative aims to provide a clear regulatory framework that supports the registration, issuance, custody, and trading of digital assets, with a focus on allowing for more flexible custody options and expanding trading to include digital assets classified as securities and non-securities. [1]

This move comes amid ongoing efforts in the U.S. Congress to build a comprehensive regulatory framework for digital currencies and stablecoins, where the "GENIUS Act" bill faces challenges in the Senate due to concerns regarding regulatory safeguards. [2]

In a related context, the SEC's special committee on digital currencies hosted a discussion session titled "Defining the Status of Securities," where participants discussed the legal issues related to the classification of digital assets under federal securities laws. [3]

On the market front, digital currencies have experienced notable volatility, with the price of Bitcoin dropping to below $102,400 due to profit-taking by traders, amid caution in the market ahead of upcoming U.S. inflation data. [4]