On February 3, 2023, Ethereum hit a new multi-year low against Bitcoin after the altcoin fell 23.5% this year. This follows a dramatic 34% drop last year, and it looks like Ethereum could end the fourth consecutive year in the red unless the ETH/BTC pair can pull off a notable turnaround.
In addition, the Ethereum Foundation is actively involved in DeFi and is planning major changes to attract fresh talent and move the project forward. It remains to be seen whether Ethereum will be able to catch up with the leading crypto king Bitcoin.
The current legal standoff between Binance and the U.S. Securities and Exchange Commission (SEC) has caught the attention of the cryptocurrency industry and raised questions about the future regulation of digital assets.
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A new chapter in cryptocurrency regulation
work of the Crypto Task Force
The significance of the 60-day standstill
context of the legal disputes
Conclusion and outlook for the future
A new chapter in cryptocurrency regulation
The two parties recently filed a joint motion to pause the SEC's final trial against cryptocurrency exchange Binance for 60 days. This decision coincides with the appointment of Mark Uyeda as the SEC's new chairman, who took office last month. Such a pause could have implications not only for the specific trial, but also for other proxies in the digital finance sector facing similar legal challenges.