Nikolay Rodriges
3publications1,363views
FinCEN and the Fed drop the $250 Travel Rule plan for cryptoFinCEN and the Fed withdrew the 2020 plan to cut the cross-border Travel Rule threshold to $250. The $3,000 rules stay; formal Federal Register publication is listed for Nov. 9.
Ether drops about 8% and bitcoin about 6% after a Nasdaq-led selloffEther fell about 8% and bitcoin about 6% as a Nasdaq-led tech selloff spilled into crypto and forced roughly $1.1 billion in liquidations, mostly longs.
After the midterms, the CLARITY Act has until Jan. 3 to passDemocrats won both chambers, and the stalled crypto market structure bill now has only the lame-duck session to move before Jan. 3.