FameEX Morning Crypto News Recap | February 23, 2024

Argentina Issues Executive Order for Regulation of Cryptocurrency Exchanges

The Argentine government plans to implement regulation on cryptocurrency service providers via an executive order to prevent inclusion on the Financial Action Task Force (FATF) gray list. The move will place cryptocurrency lenders under the scrutiny of the national securities regulator, thus increasing regulatory oversight in the crypto industry.

Harker from the Fed Indicates Rate Cut May Be Near, Timing Remains Unclear

The Fed's Harker indicated a potential approach to a point where interest rates might be cut, yet the precise timing remains undetermined. He underscored the hazard associated with the Fed reducing rates prematurely and recommended tempering expectations for a swift rate cut, emphasizing careful management of anticipations concerning the schedule of this monetary policy adjustment.

Valkyrie Investment Head: Spot Ethereum ETF Likely to Receive Approval in the Coming One to Two Years

Valkyrie’s CIO, Steven McClurg, anticipates that approval for a spot Ethereum ETF, although not imminent, could occur within the next two years. Firms including Fidelity and BlackRock have applied for these ETFs, with predictions suggesting the SEC might approve them as soon as May of this year.

Worldcoin (WLD) Sets New Records, AI-Related Tokens Witness Widespread Increases

According to CoinDesk, OpenAI CEO Sam Altman's Worldcoin (WLD) reached an unprecedented high on Thursday, with other AI-related tokens also experiencing significant gains. WLD led the rally, recording a 40% increase on the day and a near 170% rise over the past week. The token achieved a record high of $8.85, with its trading price at $8.54 at the time of reporting.

US House Majority Whip Rejects Immediate Call for Bitcoin Mining Data Collection

Minnesota's U.S. House Majority Whip Tom Emmer has criticized an emergency request for data collection on Bitcoin mining in the U.S. Approved last month by the Office of Management and Budget (OMB), this request mandates the Energy Information Administration (EIA) to conduct an in-depth investigation into the energy usage and geographical distribution of Bitcoin mining operations across the country.

EU Creates New Body to Combat Money Laundering within Cryptocurrency Sector

The European Union is initiating the Anti-Money Laundering Agency (AMLA) dedicated to overseeing the cryptocurrency market and mitigating financial threats. Including delegates from all 27 member nations and stationed in Frankfurt, Germany, AMLA's mandate is to directly supervise the crypto sector, guaranteeing adherence to the EU's strict anti-money laundering and anti-terrorism financing regulations.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​