Reading the shift …
| BTC | ETH |
| BTC/USD=23510.50 | ETH/USD=624.02 |
| BTC/EUR=19,290.00 | ETH/EUR=512.00 |
| BTC/JPY=2,436,310.00 | ETH/JPY=64,664.60 |
| BTC/CNH=153,182.00 | ETH/CNH=4,065.75 |
| BTC/DKK=143,458.00 | ETH/DKK=3,807.66 |
| BTC/CHF=20,933.10 | ETH/CHF=555.606 |
| BTC/GBP=17,330.00 | ETH/GBP=459.973 |
Legal/Political Events Impacting Cryptocurrencies
No report at this time.
| BTC/USD=23,512.70 | ETH=610.610 |
| BTC/EUR=19,293.30 | ETH/EUR=501.034 |
| BTC/JPY=2,433,610.00 | ETH/JPY=63,199.30 |
| BTC/CNH=153,591.00 | ETH/CNH=3,988.66 |
| BTC/DKK=143,499.00 | ETH/DKK=3,756.28 |
| BTC/CHF=20,893.10 | ETH/CHF=542.580 |
| BTC/GBP=17,480.70 | ETH/GBP=453.963 |
Legal/Political events impacting cryptocurrency
SEC Issues Statement and Requests Comment Regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers
Washington D.C., Dec. 23, 2020 —
The Securities and Exchange Commission today issued a statement and request for comment regarding the custody of digital asset securities by broker-dealers in order to encourage innovation around the application of Securities Exchange Act Rule 15c3-3 to digital asset securities.
The statement sets forth the Commission’s position that, for a period of five years, a broker-dealer operating under the circumstances set forth in the statement will not be subject to a Commission enforcement action on the basis that the broker-dealer deems itself to have obtained and maintained physical possession or control of customer fully paid and excess margin digital asset securities for the purposes of paragraph (b)(1) of Rule 15c3-3. These circumstances, among other things, include that the broker-dealer limits its business to digital asset securities, establishes and implements policies and procedures reasonably designed to mitigate the risks associated with conducting a business in digital asset securities, and provides customers with certain disclosures regarding the risks of engaging in transactions involving digital asset securities.
In addition, the Commission is requesting comment to provide the Commission and its staff with an opportunity to gain additional insight into the evolving standards and best practices with respect to custody of digital asset securities. Such insights will serve to inform any potential future Commission action in this space.
The Commission statement and request for comment are published on the Commission’s website and will become effective 60 days after publication in the Federal Register. The Commission welcomes engagement from interested parties on these issues.
Source: U.S. Securities and Exchange Commission
BTC/USD=23,243.40 ETH/USD=623.883
BTC/EUR=19,040.60 ETH/USD=511.073
BTC/JPY=2,404,680 ETH/JPY=64,544.60
BTC/CNH=151,935 ETH/CNH=4,078.12
BTC/DKK=141,646 ETH/DKK=3,801.95
BTC/CHF=20,604 ETH/CHF=553.038
BTC/GBP=17,408.20 ETH/GBP=467.258
Legal/Political news impacting crypto markets
CFTC releases guide on position limits rule for exchange-traded futures contracts
Washington, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today released a staff workbook to provide guidance to market participants on which exchange-traded futures contracts would be subject to the position limits rule the Commission approved in October. [See CFTC Press Release No. 8287-20]
“DMO is providing this workbook to market participants to promote transparent regulation of the derivatives markets,” said DMO Director Dorothy DeWitt. “DMO staff has worked extensively with our exchanges to identify the right set of contracts that are referenced futures contracts under our new position limits rule.”
The staff workbook provides a list of the core referenced futures contracts, along with a non-exhaustive list of linked referenced contracts (i.e., cash-settled futures contracts and options on futures contracts that are linked to a core referenced futures contract), that would be subject to federal position limits in connection with the position limits final rule.
BTC/USD=22,898.00 ETR/USD=622.253
BTC/EUR=18,700.50 ETR/USD=507.607
BTC/JPY= 2,367,860 ETR/JPY=64,273.40
BTC/CNH=149,400.00 ETR/CNH=4,055.33
BTC/DKK=139,103.00 ETR/DKK=3,775.82
BTC/CHF=20,241.70 ETR/CHF=549.443
BTC/GBP=16,955.60 ETR/GBP=460.245
Source: OANDA
Legal/Political news impacting cryptocurrencies …
Brexit
Brexit talks are being described as “difficult” as the United Kingdom continues discussions with the European Union over their trading relationship. Bloomberg reported that talks would resume between the European Union and the United Kingdom on Monday. The two major issues dogging the talks are access to fishing waters and subsidies for businesses.
Pandemic Relief
Reuters reports that both chambers of Congress have reached agreement on a bill to provide relief for the ill effects of the pandemic. The bill calls for $900 billion in relief spending. The bill provides for $600 in direct payments to individuals and an additional $300 a week in unemployment payments.
