The Digital Chamber Calls for NFT Clarity Amid SEC Overreach

The Digital Chamber Calls for NFT Clarity Amid SEC Overreach

The Digital Chamber (TDC) is urging Congress to clarify the regulatory status of non-fungible tokens (NFTs). In response to the SEC's recent Wells notice to OpenSea, the TDC is advocating for legislation that defines certain NFTs as consumer products, exempting them from federal securities laws.

The TDC's position is based on a comprehensive study of the NFT ecosystem, which highlighted the diverse range of NFT applications. Many NFTs are clearly not designed for investment purposes but rather for personal use and enjoyment. Classifying these NFTs as consumer goods would protect them from excessive regulation and allow the industry to thrive.

The SEC's aggressive stance has created a climate of uncertainty for NFT creators, companies, and consumers. By providing legislative clarity, Congress can help ensure that the NFT industry remains within the United States and continues to contribute to the economy.

The Digital Chamber is calling on Congress to take action and protect the future of NFTs.

CleanSpark Expands Bitcoin Mining Operations with New Tennessee Facilities

CleanSpark Inc. has announced the acquisition of seven Bitcoin mining facilities in the Knoxville, Tennessee area. This strategic move will significantly increase the company's mining capacity and bolster its position in the Bitcoin mining industry.

The acquired facilities will contribute an additional 5 exahashes per second (EH/s) to CleanSpark's total hashrate once the latest generation S21 pro miners are installed. This expansion is expected to be completed within the coming weeks.

CleanSpark CEO Zach Bradford expressed enthusiasm for this acquisition, highlighting the company's focus on securing high-quality infrastructure opportunities at favorable valuations. He also emphasized the company's commitment to building strong relationships with local communities and contributing positively to the region.

This latest expansion further solidifies CleanSpark's position as a leading player in the Bitcoin mining industry. The company's strategic acquisitions and focus on operational efficiency have enabled it to achieve rapid growth and expand its mining footprint.

CEX.io Returns to the UK Market After Regulatory Compliance Review

Centralized cryptocurrency exchange CEX.io is back in business for UK users. The platform had temporarily suspended operations in the country in October 2023 to ensure compliance with stricter regulations introduced by the Financial Conduct Authority (FCA).

In a recent interview, CEX.io's managing director, Rich Evans, emphasized the platform's commitment to responsible operations. "We voluntarily suspended operations for UK customers," Evans stated, highlighting CEX.io's focus on adhering to the FCA's requirements.

This move signifies CEX.io's dedication to providing its services in a regulated environment. By prioritizing compliance, the exchange aims to offer a safe and secure platform for UK users to trade cryptocurrencies.

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