US Lawmakers Unite Against SEC as Crypto Regulations Tighten Globally

Web3 Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/the-senate-approved-supported-anti-sec-resolution-and-other-crypto-regulation-updates.
Crypto market update: Bitcoin ETF inflows surge, US lawmakers challenge the SEC, and global crypto regulations evolve in the EU, Turkey, India, and Venezuela.
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Despite Bitcoin's price dip below $57,000 in early May, the crypto market is seeing unprecedented growth. Bitcoin ETFs are experiencing record inflows, with significant investments from institutional players like Millennium and Morgan Stanley. US lawmakers have united against the SEC's crypto regulations, indicating bipartisan support for the crypto industry. Globally, Turkey introduces a new crypto bill, India updates its regulations, and Venezuela imposes a mining ban. Meanwhile, the EU faces uncertainty with the MiCA framework, affecting major players like Tether and Kraken. The SEC's upcoming decision on VanEck's Ethereum ETFs is also highly anticipated.