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Cointime News Wrapup-Afternoon Version: Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
On September 17, crypto journalist Eleanor Terrett reported that seven U.S. Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, have expressed their commitment to advancing the CLARITY Act through bipartisan cooperation. According to three sources familiar with the matter, this statement comes as both parties are making preliminary attempts to restart negotiations. Stakeholders are assessing whether there is a willingness from both sides to return to the negotiating table and aim for the passage of the CLARITY Act by the end of this year.
On September 17, the Federal Reserve raised interest rates by 25 basis points, increasing the benchmark rate to 3.75%-4.00%. This marks the first rate hike since July 2023 and aligns with market expectations, following five consecutive meetings where the Fed maintained its stance.
Market data shows that BTC has surpassed $76,000, currently priced at $76,009.56, with a 24-hour decline of 1.23%. The market is highly volatile, so please ensure proper risk management.
Market data shows that ETH has fallen below $2400, currently priced at $2399.94, with a 24-hour decline of 3.39%. The market is experiencing significant volatility, so please ensure proper risk management.
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that it has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the UAE. The approval, dated February 18, 2025, signifies a significant milestone in Bybit's efforts to provide a secure and compliant platform for crypto traders in the region. Bybit is now in the final stages of obtaining its fully operational license, demonstrating its commitment to meeting regulatory and compliance standards. This authorization brings Bybit closer to offering a wide range of digital asset services to retail and institutional clients in the UAE, aligning with its goal of fostering a compliant and innovative digital asset ecosystem. Bybit's progress in the UAE complements its existing regulatory approvals in the Middle East and reflects its dedication to compliance in key financial hubs worldwide.
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