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- Ethereum goes to New York 🗽
Ethereum goes to New York 🗽
As the NYSE welcomes Ethereum ETFs, Sen. Elizabeth remains on the warpath against crypto.
Ryan Ozawa
July 26, 2024
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📝 What you need to know
In an especially visible illustration of the traditional finance sector’s growing acceptance of crypto, the New York Stock Exchange today is hosting Bitwise Asset Management to ring its signature closing bell. Outside the storied institution, a massive banner promotes the company’s Bitwise Ethereum ETF (ETHW).
Meanwhile, despite the dizzying ups and downs in the race for U.S. president, some things remain steady. Sen. Elizabeth Warren has taken another broadside at crypto. This time, she took aim at crypto mining operations in the U.S., saying foreign ownership and interests—notably from China—threaten America’s national security.
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💬 Quote of the Day
“One—third of crypto mining facilities in the U.S. are owned by citizens of the People's Republic of China, including people with direct ties to the Chinese government.”
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From Our Partner
Short for “United For Kindness,” UNFK is engaging the crypto community to promote positive change by putting social pressure on banks and other big institutions using memes and pranks.
UNFK is gearing up for the next phase of its campaign with the release of its web app—and a meme competition directed at crypto’s favorite regulator, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, with up to $10,000 in SOL up for grabs.
