SEC To Lead US Regulation And Enforcement On Stablecoins – October 26

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$62,798

Bitcoin price continues to range in the $62,000s to begin Tuesday, as volatility appears to be declining in the short-term.

Top-20 altcoins look steady, as Ethereum gains 2%, Cardano rises 1% and Shiba Inu rallies 21% over the last 24 hours.

Top Stories for October 26, 2021 🔥

👉 SEC To Lead US Regulation And Enforcement On Stablecoins

US regulators have agreed that the Securities and Exchange Commission (SEC) will lead the country’s regulation and enforcement on stablecoins, according to Bloomberg.

Sources in the report claim that the SEC’s authority over stablecoins will be announced this week in the Treasury Department’s anticipated stablecoin report.

👉 Near Protocol Launches $800M Fund For Grants

Near Protocol, a scalable blockchain targeting decentralized applications, has announced an $800 million grants fund to boost its ecosystem.

$250 million in ecosystem grants will be distributed over four years, while $350 million will be targeted towards decentralized finance (DeFi). $100 million will go specifically to startups, while the remaining $100 million will be allocated to a regional fund.

👉 BlockFi And Neuberger Berman To Create ETF-Focused Business

Crypto lending platform BlockFi has partnered with Neuberger Berman, an investment management firm, to launch crypto asset management products.

The venture will include exchange-traded funds (ETFs) and other products that provide investors with easier access and exposure to cryptocurrency assets.