The US SEC is about to announce major plans for cryptocurrency

Bitwise Chief Investment Officer Matt Hougan stated that the physical trading volume of Bitwise's Bitcoin ETF has reached $600 million and is expected to exceed $1 billion in the coming years. （Bitcoin Archive）

The SEC is preparing a mechanism to allow cryptocurrency projects to bypass traditional securities registration requirements. （Decrypt）

CryptoQuant monitoring shows that short-term Bitcoin holders have transferred approximately 19200 BTC to the exchange in the past 24 hours and are in a loss making state. （Cointelegraph）

[36-Day Window for U.S. Senate to Advance CLARITY Act Legislation] According to Cointelegraph, the U.S. Senate has only a 36-day session remaining after recess to push forward the legislation of the 'Digital Asset Market Clarity Act' (CLARITY Act). The Senate is expected to hold a procedural vote on the CLARITY Act after reconvening on September 14, but it must also address the recess schedule ahead of the midterm elections in November. The CLARITY Act includes ethical provisions related to former U.S. President Trump's digital asset connections and restrictions on stablecoin reward programs. If Congress fails to pass the legislation, SEC Chairman Paul Atkins and CFTC Chairman Michael Selig will independently introduce digital asset regulations.

According to Bloomberg, the US SEC is about to announce major plans for cryptocurrency. （Watcher.Guru）