Carving out clear jurisdictions for the SEC and CFTC may ease investor concerns over ambiguous securities laws. The long-awaited White House report on cryptocurrency policy recommendations may bring an end to years of regulatory uncertainty for digital asset companies, many of which have struggled with unclear guidance regarding securities laws. US President Donald Trump’s Working Group on Digital Assets released its crypto policy report on Wednesday, outlining recommendations on market structure, banking regulations and methods to bolster the US dollar’s dominance through stablecoins and crypto tax laws. One of the report’s key proposals is a division of responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC will gain authority over spot crypto markets, addressing longstanding concerns about overlapping or conflicting enforcement. Read more
Bitcoin tries to recover from its trip below $112,000 as BTC price volatility keeps the market in a state of flux. Bitcoin (BTC) starts the first full week of August at a crossroads as market nerves combine with a BTC price bounce. After bouncing from three-week lows, BTC price action is fielding mixed targets with bigger August volatility expected. The market environment is now fundamentally different from Bitcoin’s old all-time highs from January, analysis says. Read more
A team of transaction specialists of PwC Romania granted assistance, financial and tax due diligence and deal support to investment fund T2Y Capital in relation to the acquisition of a minority stake in Prime Batteries, a Romanian producer of energy storage solutions.
Franklin Templeton International, the US that manages Fondul Proprietatea, on August 1 received, from a number of shareholders of the Fund who, according to their own assertion hold together a total of 5.27% of the Fund’s share capital, a request to convene the Ordinary General Shareholders’ Meeting of Fondul Proprietatea.