Important information from last night and this morning (February 13-February 14)
Polish President Rejects Controversial Cryptocurrency Bill Again
According to Cryptopolitan, Polish President Karol Nawrocki has once again rejected the government's proposed "Crypto Asset Markets Bill." This bill aimed to incorporate the EU's "Crypto Asset Markets Regulation Act" into Polish domestic law, but has been criticized for imposing stricter regulations on local crypto companies than EU standards. The controversy centers on granting the Polish Financial Supervisory Authority (KNF) excessive supervisory powers, such as the power to suspend or ban the public offering and trading of crypto assets, and sanctions against intermediaries that violate regulations. The bill also stipulates that token issuances or service offerings not reported to the KNF will incur criminal liability, with the most serious violations punishable by fines of up to 10 million złotys (approximately $2.8 million). Previously, in December of last year, the Polish president rejected a bill imposing strict regulations on the crypto asset market.
US Treasury Secretary: Advancing the Clarity Act Will Help Boost Bitcoin Prices
According to DL News, US Treasury Secretary Scott Bessent stated in an interview with CNBC that advancing crypto legislation, such as the long-stalled Clarity Act, will help stabilize the currently weak market and restore investor confidence. Bessent pointed out that Bitcoin has a history of volatility, but some of the current volatility is "self-inflicted." He stated that a group of Democrats want to work with Republicans to advance the market structure bill, but some crypto companies have been obstructing it. He said that providing clarity on the Clarity Act during a period of historic market volatility and sell-off would be a great comfort to the market, and it is crucial to complete this work as soon as possible. The cryptocurrency industry and the banking industry must reach an agreement on the market structure bill by March 1st.
Morpho Announces Partnership with Apollo, the latter to Purchase Up to 90 Million MORPHO Tokens Over 48 Months
According to an official announcement, the Morpho Association announced a partnership agreement with an affiliate of Apollo Global Management. Under the agreement, Apollo and its affiliates can acquire MORPHO tokens through open market purchases, over-the-counter transactions, and other contractual arrangements, but a cumulative holding limit of 90 million tokens is set for 48 months, subject to transfer and trading restrictions. Apollo and Morpho will collaborate to support the on-chain lending market on the Morpho protocol. Galaxy Digital UK Limited served as Morpho's exclusive financial advisor in this collaboration.
BlackRock, Goldman Sachs, Citigroup, and other Wall Street institutions are actively recruiting talent in the crypto space.
According to DL News, based on job postings on various company websites, traditional financial institutions such as BlackRock, Goldman Sachs, Morgan Stanley, and Citigroup are actively recruiting talent with cryptocurrency knowledge. Sam Wellalage, founder of WorkInCrypto, a recruitment agency specializing in the cryptocurrency field, stated that this is just the beginning of traditional finance embracing digital assets on a large scale. He said that traditional financial institutions...
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