‘Chances of Bitcoin ETF Approval Skyrocket’, PayPall to roll out Crypto service starts and ‘BTC on every block’
Chances of a Bitcoin ETF Approval Skyrocket
In the past years, the Securities and Exchanges Commission (SEC) rejected several proposals for Bitcoin Exchange Traded Funds. But the chance for an approval is rising, according to Trustnodes.
The SEC is now down to just three individuals with the power to decide the fate of many economic actors. Chairman Jay Clayton will exit the watchdog in some weeks, as we’re dealing with bureaucracy. He is nominated to serve as U.S. Attorney for the Southern District of New York.
And with still having Hester Peirce, also known as ‘Crypto Mum’ in the commission, the chances for a Bitcoin ETF are most likely to rise.
Jake Chervinsky, general counsel at Compound and an adjunct professor at Georgetown University Law Center, tweeted:
“The SEC chair is one of the most important U.S. officials for crypto regulation. Chairman Clayton’s replacement will have a massive impact on the industry (for better or worse). Our chance at ETF approval & clarity on a wide range of issues for years to come hangs in the balance.”
‘Bitcoin on every block’ campaign, starting at 20.000 retail locations
Consumers can now use cash to purchase bitcoin with LibertyX at 20,000 retail locations around the U.S., including major convenience store and pharmacy chains, such as 7-Eleven, CVS Pharmacy, and Rite Aid
Founded in 2013, LibertyX is America’s first and largest network of bitcoin ATMs, cashiers, and kiosks. With 25,000 locations across 45 states, consumers can buy bitcoin in-person with cash and debit cards.
Source: Prnewswire
PayPal, Venmo to Roll Out Crypto Buying and Selling
Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter, according to Coindesk.
It is unclear which or how many cryptocurrencies would be available. The industry source said they expected PayPal “would be working with multiple exchanges to source liquidity.”
A second source confirmed that PayPal is looking to offer buying and selling of crypto and said the service could be expected “in the next three months, maybe sooner.”
“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo. They are going to have some sort of a built-in wallet functionality so you can store it there.” — a well-placed industry source
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