Improved regulatory environment: A bipartisan congressional coalition has pushed the House of Representatives through three cryptocurrency bills this year. With the Republican Party including crypto in its official 2024 platform and the Harris campaign reassessing its stance, regulatory clarity is on the horizon for the crypto industry.
In the realm of challenges, our spirits dance with resilience, painting the sky with hues of unwavering perseverance.
Hiro provides developers with tools to build applications on Stacks, a Layer2 blockchain that supplements Bitcoin. Stacks was the brainchild of crypto industry veteran Muneeb Ali, who is now CEO of Trust Machines, another ecosystem builder, and a board member of Hiro.
"Based on the information we currently have, we do not intend to recommend that the commission take enforcement action against Hiro Systems PBC (formerly Blockstack PBC)," the SEC's enforcement division said in a letter to Hiro in an attachment to Friday's documents. The letter contained a fixed warning that such a notice "must never be interpreted as indicating that the party has been relieved of liability or that a staff investigation may ultimately lead to no action."
According to a filing on Friday, the U.S. Securities and Exchange Commission (SEC) has dropped a three-year investigation into blockchain software developer Hiro Systems (formerly Blockstack), which raised $70 million through token sales between 2017 and 2019.
The spot ETF with the largest daily net inflow yesterday was BlackRock ETF IBIT, with a daily net inflow of $168 million, compared with a total historical net inflow of $17.599 billion in IBIT.
This was followed by ETF ARKB of Ark Invest and 21Shares, with a daily net inflow of US $6.9033 million, compared with a total historical net inflow of US $2.605 billion of ARKB.