cryptocurrencies It is not having a good day and BTC is having a hard time maintaining $108 thousand. There are losses exceeding 5 percent in altcoins. Peace negotiations with Russia are restarting, but rising trade tensions with China are suffocating risk markets. So what will happen in the long run? SEC Commissioner Hester said some important things today.
Tokenization and SEC
Ethereum 
$3,999.65 For and other networks, tokenization is a serious growth opportunity. This field is expected to reach a market size of trillions of dollars within a few years. Many large financial companies have already launched pilots. Even BlackRock Tokenized US bonds of giants such as have exceeded billions of dollars.
SEC Commissioner Hester Peirce said that the agency is focusing on issues such as guidelines on token distribution rules and crypto custody services. Reminding that the regulatory body is working with Congress on bills concerning the cryptocurrency industry, Hester emphasized their desire to introduce supportive regulations without leaving any gaps in any area.
Coming back to the topic of tokenizing real world assets, that is a completely different topic. Even Nasdaq recently asked the SEC for permission to sell tokenized securities. This means that the largest US exchanges will soon create crypto-based stock markets.
Cryptocurrency ETF Approvals
The US government is in the second week of the shutdown and no results have been achieved today. Closing cryptocurrencies It started at a terrible time for you. In an environment where ETF approvals are expected, approvals do not come as government institutions work with minimum staff and many units are completely closed. Since the SEC administration has created the necessary framework for altcoin ETF approvals, approvals are expected to come as the closure ends.
Hester, named many years ago as the mother of crypto, also touched on the issue of privacy;
“And we don’t want to live in a world where the government has all the information. I mean, we’ve seen what can happen in many places where the power of government can be used in a bad way. So we need to think about protecting ourselves.”
DOGE continues the day below $0.19. BTC lost 108 thousand dollars and ETH Under $3,900. US markets are in decline, and the renewed negotiations with Russia have not been very effective. Tomorrow is Friday and the risk of seeing more negativity at the end of the week may push investors to reduce their risks.
