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SEC Reverses Gensler's Stricter DeFi and Custody Proposals Amid Market Calm and Ethereum ETF Inflows
The SEC has officially withdrawn the strict proposals from former Chairman Gary Gensler aimed at tightening regulations over DeFi platforms and crypto custodians. This move indicates a shift towards a more balanced regulatory approach in the crypto space. Additionally, open interest in Bitcoin derivatives has decreased below $70 billion, dropping by 4.4% in a 24-hour period, which suggests reduced leverage and a cooling of speculative activity, potentially signaling short-term consolidation. Meanwhile, spot ETFs for Ethereum are experiencing more substantial capital inflows than those for Bitcoin, with ETH attracting $112 million compared to Bitcoin’s $86.3 million. This trend reflects growing investor confidence in ETH relative to BTC in the near term.
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AI Analysis
The latest development involving the SEC indicates a significant regulatory shift. By retracting the previous proposals aimed at intensifying oversight over DeFi platforms and custodians, the SEC seem...
AI Recommendation
Investors should monitor the upcoming market trends carefully, especially considering the recent reduction in derivatives interest and the increased inflows into Ethereum ETFs. These signals suggest a...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.