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The discount hit -6.7% yesterday amid the SEC’s apparent shift in position regarding potential spot Ethereum ETF approvals.

Bitcoin spot ETFs in the U.S. have seen net inflows of over $1.4 billion in the past week after a timid first half of the month.

The coalition also includes prominent crypto companies Ripple and Gemini, as well as Meta and Match Group, the parent company of dating apps Tinder and Hinge.

Gensler said the proposed act would exempt blockchain and crypto from the realm of securities, which would undermine investor protection.

The Financial Innovation and Technology for the 21st Century Act would hurt investors and hamper the U.S. Securities and Exchange Commission’s work, SEC Chair Gary Gensler said Wednesday.

The SEC has become a focus of political discourse amid an apparent shift in crypto sentiment among legislators and regulators.

The privacy agency said it has instructed Worldcoin to cease all operations in Hong Kong as it violates local privacy rules.

Spot bitcoin exchange-traded funds in the United States registered their seventh consecutive day of net inflows on Tuesday.

SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be.

Analysis by Nansen shows that early TRUMP holders made an ROI of over 1,600% from the PoliFi token.