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.
Vivek Ramaswamy unveils “The Three Freedoms of Crypto,” further shoring up his “crypto candidate” status in the U.S. presidential race. Meanwhile, BlackRock filed a Form S-1 with the United States Securities and Exchange Commission (SEC) a week after registering its iShares Ethereum Trust with Delaware’s Division of Corporations. And Solana (SOL) jumped 20% after ARK’s Cathie Wood sang its praises on CNBC.
Vivek Ramaswamy unveils “The Three Freedoms of Crypto,” further shoring up his “crypto candidate” status in the U.S. presidential race
Republican U.S. Presidential candidate Vivek Ramaswamy recently unveiled his crypto policy framework, dubbed “The Three Freedoms of Crypto,” at the North American Blockchain Summit (NABS) in Fort Worth, Texas.
Rolling out my “Three Freedoms of Crypto” policy framework at the North American Blockchain Summit this morning in Texas. Since the inception of crypto, the shadow government in the administrative state in Washington, D.C., and its cronies on Wall Street have tried to quash its… pic.twitter.com/eo2oUTlVMf
— Vivek Ramaswamy (@VivekGRamaswamy) November 16, 2023
A key point in the politician’s message involves the use of so-called crypto mixers, a technique that allows cryptocurrency senders to obfuscate who is receiving funds. According to Ramaswamy, these mixers are a fundamental American right tied to the First Amendment of the U.S. Constitution.
As Ramaswamy put it:
“I believe code is a form of speech.”
BlackRock files S-1 form for spot Ether ETF with SEC
BlackRock, the world’s largest asset manager, officially filed for a spot Ether exchange-traded fund (ETF) with the SEC on Nov. 15.
The Ether ETF, dubbed the iShares Ethereum Trust, aims to “reflect generally the performance of the price of Ether,” read the S-1 filed with the SEC. The iShares brand is associated with BlackRock’s ETF products, with its Bitcoin ETF called the iShares Bitcoin Trust. The trust appoints Coinbase as the custodian for the underlying ETH.
The move by BlackRock comes nearly a week after it registered the iShares Ethereum Trust with Delaware’s Division of Corporations and almost six months after it filed its spot Bitcoin ETF application.
SOL pops 20% day after Cathie Wood praises network
Solana (SOL) reached new yearly highs and gained over 17% the day after ARK Invest CEO Wood lauded the network for its efficiency and cost-effectiveness over Ethereum.
In a Nov.15 CNBC interview, Wood hailed the Solana network as a major infrastructure player in the wider blockchain ecosystem and added it had been doing a “really good job” in the recent market conditions.
“Ether was faster and cheaper than Bitcoin in the day — that’s how we got Ether. Solana is even faster and cost-effective than Ether”
Wood described Ethereum and Solana as crucial infrastructure layers — capable of more real-world applications than Bitcoin (BTC).
The broader crypto market is on the up, but Solana’s gains have significantly outpaced other major cryptocurrencies with monthly gains of 197%.
Wood also riffed on the current market hype for a spot Bitcoin ETF and said there might be a “sell on the news” event — with investors’ anticipation of an approval outpacing the market demand for an ETF.
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