Fortune has created a new list to recognize the growth and innovation that exists in the cryptocurrency industry. This and more news is in this handy daily roundup so that you are always informed with the latest events that occur within the crypto world.
Fortune Crypto 40
📍Fortune has created a new list focused on the cryptocurrency industry. Call "Fortune Crypto 40”, the global business publication’s new list recognizes Ethereum as one of the leading smart contract protocols and the largest decentralized finance (DeFi) ecosystem in the crypto industry.
The list was launched this month, as a first-of-its-kind list to recognize the best companies and decentralized autonomous organizations (DAOs) that make up the cryptocurrency world. As explained by the publication, Fortune Crypto 40 is a testament to how large and diverse the crypto industry has become.
Companies are classified into a total of eight categories, including TradFi, CeFi, and DeFi, among others.
In addition to Ethereum, other crypto industry projects such as Polygon Network, Yuga Labs, Uniswap, and Opensea have received recognition from Fortune for their innovation.
El Salvador grants first license to a cryptocurrency service provider
📍Bitfinex has been granted a license as a cryptocurrency and virtual asset service provider in El Salvador. The issuance of this license to the cryptocurrency company shortens the wait for the launch of the Bitcoin Bonus or Volcano Bonus.
El Salvador will issue a bitcoin bond to raise around $1.000 billion, which will finance the construction of the first phase of Bitcoin City and strengthen its investment strategy and store of value in the world's leading cryptocurrency.
The crypto company will help El Salvador raise capital within a regulated environment, tapping into the class of investors who are extremely comfortable with crypto assets and tokenized securities, its chief technology officer Paolo Ardoino said.
El Salvador issued such a regulatory license to Bitfinex under the country's Digital Asset Issuance Law, which was approved by the National Assembly last January.
SEC calls for regulation of cryptocurrencies as securities
📍SEC's Investor Advisory Committee calls on US regulator to apply securities law to cryptocurrencies. According to the committee, many of the companies that are part of the crypto industry have been offering these digital assets to their investors as unregistered securities.
In a letter, addressed to SEC Chairman Gary Gensler, the Investors Advisory Committee stated that all cryptocurrencies, with the exception of Bitcoin, should be considered unregistered securities and therefore subject to applicable federal laws.
The letter also urges the SEC to continue to exert pressure on cryptocurrency service companies, asset issuers, managers and custodians to ensure investor protection and financial stability.
The aggressive regulatory policies set by the SEC have been rejected by the crypto community and by several pro-crypto US politicians such as Tom Emmer.
Continue reading: Ordinals has surpassed 1 million registrations on the Bitcoin network
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