Today, The Shib Daily brings to light conversations focused on criminal justice reform, state authority, and their implications for the crypto industry. In addition, updates on the Ethereum Foundation from Vitalik Buterin and insights into rising institutional interest in ETFs have surfaced.
Ross Ulbricht Freed: Trump’s Pardon Sparks Debate on Justice and State Authority
President Trump has pardoned Ross Ulbricht, freeing him after over 4,000 days in prison. This decision has ignited discussions about justice, state authority, and technology. Ulbricht was the creator of Silk Road, a dark web marketplace for illicit goods that used Bitcoin. He ran the site from its 2011 launch until his arrest in 2013.
SEC Launches Crypto Task Force Under New Leadership to Address Industry Needs
The SEC has launched a new crypto task force following Trump’s inauguration. Acting Chair Mark Uyeda leads this initiative to address the digital assets industry’s needs. Commissioner Hester Peirce, dubbed “Crypto Mom,” will head the task force. The group aims to clarify regulations, create registration pathways, and engage with industry perspectives through roundtable discussions.
Banking Sector Prepared for Crypto Shift with Clear Regulations, Says Brian Moynihan
U.S. banks, including Bank of America, are ready to embrace cryptocurrency for transactions, according to CEO Brian Moynihan. They are, however, waiting for definitive regulatory guidelines. During a CNBC interview, Moynihan noted the potential shift in the banking industry’s attitude towards crypto, influenced by Donald Trump’s endorsement. Moynihan stated that once regulations are established, the banking system will fully commit to crypto transactions.
Buterin Stands Firm on Ethereum Leadership; Condemns Harassment in Crypto
Vitalik Buterin has rejected suggestions for a leadership change within the Ethereum Foundation. He confirmed his control over decisions until a formal board is created. Buterin also criticized the crypto community for its toxicity and condemned the harassment of Aya Miyaguchi, the executive director. He warned that this toxic environment is detrimental to the community’s progress.
Osprey Funds and Rex Shares Seek SEC Approval for Crypto ETFs
Osprey Funds and Rex Shares have filed with the SEC to launch multiple cryptocurrency ETFs. These include funds focused on meme coins like DOGE, TRUMP, and BONK. They also proposed ETFs for major cryptocurrencies such as BTC, ETH, SOL, and XRP. In 2024, many asset management firms submitted filings for ETFs centered around various altcoins.
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Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.