FameEX Morning Crypto News Recap | February 23, 2024

Argentina Implements Regulation on Cryptocurrency Exchanges via Executive Order

Argentina's government is set to regulate cryptocurrency service providers through an executive order, aiming to avoid being placed on the Financial Action Task Force (FATF) gray list. This regulation will subject crypto service lenders to the supervision of the local securities watchdog, enhancing oversight within the cryptocurrency sector.

Fed's Harker Suggests Approaching Rate Cut, Uncertain of Timing

The Federal Reserve official Harker mentioned the possibility of nearing a juncture for reducing interest rates, though the exact timing is uncertain. He highlighted the risk of the Fed lowering rates too soon and advised against anticipating an imminent rate cut, stressing the importance of cautious expectation management regarding the timing of such a decision.

Valkyrie's Investment Chief: Approval for Spot Ethereum ETF Expected Within the Next Couple of Years

The Steven McClurg, Valkyrie's Chief Investment Officer, suggested that while a spot Ethereum ETF might not emerge immediately, approval could come in the next one to two years. Recently, significant firms like Fidelity and BlackRock have submitted applications for such ETFs, with analysts forecasting that the SEC could greenlight these products possibly by May this year.

Worldcoin (WLD) Reaches Record Peaks, with Broad Gains Among AI-Related Tokens

CoinDesk reports that Worldcoin (WLD), associated with OpenAI CEO Sam Altman, achieved a historic high on Thursday, alongside widespread increases in other AI-related tokens. Worldcoin's WLD spearheaded the surge, climbing 40% on the day and approximately 170% over the last week. It reached a peak of $8.85, trading at $8.54 when reported.

US House Majority Whip Opposes Urgent Plea for Collecting Bitcoin Mining Data

U.S. House Majority Whip Tom Emmer of Minnesota has voiced opposition to an approved emergency data collection request on U.S. Bitcoin mining. The request, granted last month by the U.S. Office of Management and Budget (OMB), calls for a comprehensive study by the U.S. Energy Information Administration (EIA) on the energy consumption and locations of Bitcoin mining activities.

EU Sets Up New Agency for Anti-Money Laundering to Oversee Cryptocurrency Industry

The European Union is forming a new Anti-Money Laundering Agency (AMLA) tasked with supervising the cryptocurrency industry and other potential financial concerns. This agency, featuring representatives from all 27 EU member states, will be based in Frankfurt, Germany. AMLA aims to directly oversee the crypto sector, ensuring adherence to the EU's comprehensive anti-money laundering and counter-terrorist financing regulations.

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