Article Title: Key Updates in the Cryptocurrency Industry
The Federal Reserve issues a cease-and-desist order against Evolve Bank, Aptos sees a staggering 1400% increase in daily trading volume within three days, and LayerZero establishes a foundation with a teaser announcement set for June 20th. Meanwhile, Gemini faces a ban on operating cryptocurrency lending projects in New York State.
Financial experts predict that a spot Ethereum ETF could potentially be approved by late July, with Bloomberg ETF analysts suggesting that the launch date of a spot Ethereum ETF could be moved up to July 2nd. The Chairman of the SEC emphasizes that the economic substance of a product determines whether it falls under securities regulations.
In a bid to influence cryptocurrency voters, American mining executives have founded the Bitcoin Voter Project organization, aiming to have an impact on the crypto community’s political decisions.