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Michael Saylor: “It’s very rare that you find a technology that solves every rich person's problem and every poor person's problem simultaneously.” #bitcoin #cryptocurrency ✍️✍️✍️
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That's the new era of cryptocurrency and waiting for ETHEREUM Spot ETF soon🚀🚀🚀👏👏👏
Binance News
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Chair Gary Gensler Clarifies on Bitcoin Spot ETF Approval
According to the offiicial statement published by Chair Gary Gensler: The U.S. Securities and Exchange Commission (SEC) has approved the listing and trading of multiple spot Bitcoin Exchange-Traded Products (ETPs), according to a statement released on January 10, 2024, by Chair Gary Gensler. This decision marks a historic moment for Bitcoin and the greater cryptocurrency sector.
Gensler's statement clarifies previous disapprovals of a number of ETPs in the past, including Grayscale's proposal for converting their Bitcoin Trust into an ETP. However, a recent ruling by the U.S. Court of Appeals for the District of Columbia suggested the SEC failed to adequately justify its rejection of Grayscale's proposal. In response, the Commission has decided to approve the new ETPs.
Gensler further explained that the SEC's approval is limited to ETPs holding a non-security commodity, Bitcoin, and this should not be interpreted as a sign of the Commission's stance on other crypto assets. The SEC will continue to enforce strict compliance with regulations, and Gensler highlighted bearers of crypto assets should remain aware of the risks associated with Bitcoin and its linked products.
Today's decision by SEC brings potential new opportunities for investors to participate in the Bitcoin market in potentially more secure ways. However, as with all investments, due diligence is crucial, and investors are encouraged to understand both the potential rewards and risks. Investors can trust that Binance will continue to provide them with updated and relevant news developments in the crypto market.
Gensler's statement clarifies previous disapprovals of a number of ETPs in the past, including Grayscale's proposal for converting their Bitcoin Trust into an ETP. However, a recent ruling by the U.S. Court of Appeals for the District of Columbia suggested the SEC failed to adequately justify its rejection of Grayscale's proposal. In response, the Commission has decided to approve the new ETPs.
Gensler further explained that the SEC's approval is limited to ETPs holding a non-security commodity, Bitcoin, and this should not be interpreted as a sign of the Commission's stance on other crypto assets. The SEC will continue to enforce strict compliance with regulations, and Gensler highlighted bearers of crypto assets should remain aware of the risks associated with Bitcoin and its linked products.
Today's decision by SEC brings potential new opportunities for investors to participate in the Bitcoin market in potentially more secure ways. However, as with all investments, due diligence is crucial, and investors are encouraged to understand both the potential rewards and risks. Investors can trust that Binance will continue to provide them with updated and relevant news developments in the crypto market.
2030 may be✍️✍️✍️
Which year is this....?
@cryptocurrency and #digitalassets are waiting 👏👏👏
CoinoMedia
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US Clears Bitcoin for 401(k) Retirement Plans
US Labor Department removes 2022 crypto advisory
Bitcoin can now be included in 401(k) plans
Major shift in retirement investment policies
In a major policy reversal, the US Department of Labor has officially withdrawn its 2022 guidance that warned employers against offering cryptocurrencies, including Bitcoin, in 401(k) retirement plans. This move is being seen as a significant milestone for the crypto industry, marking a shift in how digital assets are viewed in traditional financial systems.
The 2022 warning had discouraged plan fiduciaries from allowing crypto investments due to concerns about volatility and regulatory risks. However, amid growing demand for alternative investment options and increased interest in Bitcoin’s long-term value potential, the department has decided to step back from its earlier position.
What This Means for Retirement Savers
This withdrawal clears a path for retirement plan providers to include Bitcoin in their offerings without fear of regulatory backlash. While it doesn’t mandate the inclusion of crypto, it now allows employers and plan managers the freedom to add Bitcoin as an option for those willing to diversify their retirement savings.
Financial firms and fintech platforms that offer 401(k) services may now feel more confident in creating Bitcoin-focused investment options. For individuals, this means a wider range of asset choices in retirement planning and the opportunity to invest in Bitcoin through tax-advantaged accounts.
BREAKING: US Labor Department withdraws 2022 warning against crypto in 401(k)s, clearing path for Bitcoin in retirement plans. pic.twitter.com/6o8tqR8KHu
— Cointelegraph (@Cointelegraph) May 28, 2025
A Boost for Institutional Crypto Adoption
The decision by the Labor Department is also expected to fuel further institutional adoption of Bitcoin. Retirement accounts represent trillions of dollars in long-term investments. Gaining access to this capital could significantly strengthen Bitcoin’s position in the broader financial ecosystem.
This move aligns with the growing acceptance of digital assets on Wall Street and signals that Bitcoin is slowly moving into the mainstream of investment portfolios.
Read Also :
US Clears Bitcoin for 401(k) Retirement Plans
Looking for Top Altcoins to Buy In 2025? Here’s Why BlockDAG, Solana, Ethereum and Tron Are Crushing The Competition Today!
Crypto.com Card Spending Soars to $847M in April
Watch These 4 Cryptos in 2025: BlockDAG at $273M Plus VeChain, Kaspa, and Aave’s Strong Use Cases
Ethereum Whale Bets Big With $40M Long Position
The post US Clears Bitcoin for 401(k) Retirement Plans appeared first on CoinoMedia.
Bitcoin can now be included in 401(k) plans
Major shift in retirement investment policies
In a major policy reversal, the US Department of Labor has officially withdrawn its 2022 guidance that warned employers against offering cryptocurrencies, including Bitcoin, in 401(k) retirement plans. This move is being seen as a significant milestone for the crypto industry, marking a shift in how digital assets are viewed in traditional financial systems.
The 2022 warning had discouraged plan fiduciaries from allowing crypto investments due to concerns about volatility and regulatory risks. However, amid growing demand for alternative investment options and increased interest in Bitcoin’s long-term value potential, the department has decided to step back from its earlier position.
What This Means for Retirement Savers
This withdrawal clears a path for retirement plan providers to include Bitcoin in their offerings without fear of regulatory backlash. While it doesn’t mandate the inclusion of crypto, it now allows employers and plan managers the freedom to add Bitcoin as an option for those willing to diversify their retirement savings.
Financial firms and fintech platforms that offer 401(k) services may now feel more confident in creating Bitcoin-focused investment options. For individuals, this means a wider range of asset choices in retirement planning and the opportunity to invest in Bitcoin through tax-advantaged accounts.
BREAKING: US Labor Department withdraws 2022 warning against crypto in 401(k)s, clearing path for Bitcoin in retirement plans. pic.twitter.com/6o8tqR8KHu
— Cointelegraph (@Cointelegraph) May 28, 2025
A Boost for Institutional Crypto Adoption
The decision by the Labor Department is also expected to fuel further institutional adoption of Bitcoin. Retirement accounts represent trillions of dollars in long-term investments. Gaining access to this capital could significantly strengthen Bitcoin’s position in the broader financial ecosystem.
This move aligns with the growing acceptance of digital assets on Wall Street and signals that Bitcoin is slowly moving into the mainstream of investment portfolios.
Read Also :
US Clears Bitcoin for 401(k) Retirement Plans
Looking for Top Altcoins to Buy In 2025? Here’s Why BlockDAG, Solana, Ethereum and Tron Are Crushing The Competition Today!
Crypto.com Card Spending Soars to $847M in April
Watch These 4 Cryptos in 2025: BlockDAG at $273M Plus VeChain, Kaspa, and Aave’s Strong Use Cases
Ethereum Whale Bets Big With $40M Long Position
The post US Clears Bitcoin for 401(k) Retirement Plans appeared first on CoinoMedia.
When #investing generally and particularly when investing in cryptocurrency diversifying your investment assets is highly fundamental for your success #DiversifyYourAssets ✍️✍️✍️
That's the boom go action👏👏👏🚀🚀🚀
Binance News
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South Korea Reconsiders Stance on Spot Bitcoin ETF
According to CryptoPotato, the South Korean government may be reevaluating its stance on the spot Bitcoin exchange-traded fund (ETF) following comments from Sung Tae-yoon, the recently appointed South Korean Presidential Chief of Staff, and an analysis from the Industrial Bank of Korea (IBK). Since 2017, South Korea has maintained a somewhat unfriendly stance towards certain aspects of the crypto industry and other similar products. The country's financial regulator has imposed strict guidelines on financial companies seeking to invest in the asset class. Even after the United States Securities and Exchange Commission (SEC) approved the much-expected spot Bitcoin ETF, the South Korean government doubled down on its hostile stance.
However, comments from Sung Tae-yoon in a recent briefing may now trigger a rethink of the Financial Services Commission (FSC) stance. The Presidential Chief of Staff stressed that the country needs to align its outlook on virtual assets with international standards, stating that the FSC should not have a specific direction of 'yes or no' and should examine how to prevent products like the spot Bitcoin ETF from becoming a side effect or risk factor for other financial products or the real economy while still having another investment asset element.
Kim In-sik, a researcher for IBK Securities, a global financial investment company, speculated that demand for investment vehicles like the spot Bitcoin ETF 'will be solid.' The researcher added that the investment company is positioning itself as an issuer of the futures Ethereum ETF through an event-driven strategy.
However, comments from Sung Tae-yoon in a recent briefing may now trigger a rethink of the Financial Services Commission (FSC) stance. The Presidential Chief of Staff stressed that the country needs to align its outlook on virtual assets with international standards, stating that the FSC should not have a specific direction of 'yes or no' and should examine how to prevent products like the spot Bitcoin ETF from becoming a side effect or risk factor for other financial products or the real economy while still having another investment asset element.
Kim In-sik, a researcher for IBK Securities, a global financial investment company, speculated that demand for investment vehicles like the spot Bitcoin ETF 'will be solid.' The researcher added that the investment company is positioning itself as an issuer of the futures Ethereum ETF through an event-driven strategy.
After Spot #Bitcoin ETF approval now, the Blackrock CEO Larry Fink is seeing Case For Spot #Ethereum ETF, and as we've previously predicted it, this spot #ETH also very soon will get approval, even maybe in this year✍️✍️🚀 That's mean Ethereum is undervalued cryptocurrency 🚀🚀🚀
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