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.
Today in crypto, Wintermute has asked the SEC to clarify that network tokens like Bitcoin and Ether are essential to blockchain functionality and should not be classified as securities. Coinbase CEO Brian Armstrong says he wants AI-generated code to make up 50% of his platform’s code by next month. Meanwhile, the CFTC granted Polymarket relief on event contract reporting.
Trading firm and market maker Wintermute has urged the US Securities and Exchange Commission (SEC) to clarify that network tokens should not fall under securities regulations. The company made its case in a formal response to the agency’s request for comment.
Wintermute argued that regulatory certainty is vital to prevent the misapplication of securities laws and to support the continued development of crypto markets. Without such clarity, the firm warned, innovation and adoption in the sector could face unnecessary hurdles.
