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Crypto legislation
The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the approval or rejection of spot Ether exchange-traded fund (ETF) applications submitted by ARK 21Shares and VanEck.
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The Senate Committee on Economic Legislation has issued a recommendation against the approval of Senator Andrew Bragg's Digital Assets (Market Regulation) Bill 2023. The committee officially communicated this decision on September 4, advising the government to continue its research on the subject rather than enact the proposed legislation.
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