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.
oday in crypto, Indonesia is exploring the idea of a Bitcoin reserve, the US SEC issued new guidance on liquid staking and spot Ether ETFs recorded their largest-ever daily outflow of $465 million.
Indonesia is exploring a national Bitcoin reserve, says local group
The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy could drive economic growth in the country.
“We were invited to the Vice President’s office to present how Bitcoin could benefit the country,” Bitcoin Indonesia said in an X post on Monday.
US SEC says certain liquid staking activities fall outside of securities laws
The US Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities do not constitute securities offerings, a notable step in the agency’s ongoing effort to provide clearer guidance on digital asset regulation.
“The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,” the regulator said Tuesday, referring to key sections of the Securities Act of 1933 and the Securities Exchange Act of 1934.
In its Staff Statement, the SEC defined liquid staking as the process of staking digital assets through a protocol and receiving a “liquid staking receipt token,” which serves as evidence of the staker’s ownership.
“Today’s staff statement on liquid staking is a significant step forward in clarifying the staff’s view about crypto asset activities that do not fall within the SEC’s jurisdiction,” SEC Chair Paul Atkins said in a statement.
