FameEX Morning Crypto News Recap | September 8, 2023

Crypto News: Ethereum Foundation Bestows 18 Grants for Account Abstraction Projects
The Ethereum Foundation has wrapped up its grant program for ERC-4337, the account abstraction standard, choosing 18 projects. These initiatives encompass diverse functions, including crafting educational content and developing software tailored to the requirements of other applications.

El Salvador Launches Trial Program to Incorporate Bitcoin into Educational Curricula
El Salvador's Ministry of Education and nonprofit Mi Primer Bitcoin (MPB) collaborate to introduce Bitcoin content into the national curriculum. A pilot program will educate 150 teachers to instruct on Bitcoin in 75 public schools, fostering financial education and cryptocurrency awareness among students.

ECB Official Reports on Progress of Digital Euro and Raises Concerns About Paypal's Stablecoin
Fabio Panetta, an executive board member of the ECB, expressed reservations regarding privately issued stablecoins like Paypal's and provided an update on the digital euro's development. The ECB's investigation is in its concluding phase, preparing for the Governing Council to determine the project's future direction.

CFTC Official Proposes Trial Program for Cryptocurrency Regulation
CFTC Commissioner Caroline Pham intends to suggest a restrained pilot program for cryptocurrency regulation following public deliberations. She asserts the need for the U.S. to align with crypto-friendly jurisdictions and envisions a program akin to state-level regulatory sandboxes.

JPMorgan Explores Deposit Tokens for Settlement Innovations
JPMorgan is developing a blockchain-based deposit token system for cross-border transactions among corporate client-serving banks. However, its deployment hinges on obtaining regulatory approval in the United States, signaling the financial giant's continued foray into the cryptocurrency domain.

House Committee Plans Digital Dollar Discussion Resumption on September 14th
Republican lawmakers on a House committee will convene on September 14 to examine the consequences of introducing a Central Bank Digital Currency (CBDC) and consider private sector alternatives. This "Digital Dollar Dilemma" discussion takes place approximately two weeks ahead of SEC Chair Gary Gensler's testimony before the full committee.

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