On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The CEO of pioneering digital bank Avanti Bank & Trust, Caitlin Long, has predicted the upcoming Coinbase IPO will force regulators to provide clarity to the crypto sector.
Caitlin Long, founder of Wyoming-based digital asset bank, Avanti Bank & Trust, has predicted Coinbase’s upcoming IPO will be a “watershed moment” for cryptocurrency regulation.
Speaking alongside SEC commissioner Hester Peirce during BlockFi and Real Vision’s “Bitcoin in the Real World” event on Feb. 5, Long speculated the IPO of the United States’ leading crypto exchange is likely to “force” the SEC’s hand to establish a precedent for many outstanding regulatory issues key to the digital asset sector.
Long emphasized the SEC will examine Coinbase’s prospectus with a “fine-tooth comb,” stating:
“What the world is going to look at when that prospectus goes effective, is that everything that in it is OK with the SEC.”
Noting the recent delistings of Ripple’s XRP token from dozens of exchanges after the SEC alleged it was an unlicensed security offering, Long asserts the IPO will compel the SEC to make firm rulings regarding any other tokens it suspects of being securities that are currently trading on Coinbase:
“To the extent that there are securities that haven't been deemed securities yet, but they actually are, and they're trading on the Coinbase platform [...] I think that the IPO does sort of force the issue.”
Despite positing that the crypto community will be receiving greater clarity on key issues due to Coinbase’s IPO, Long emphasized that, “It's not going to be necessarily as black and white as we all hope, but we will get a lot more clarity.”
Following years of speculation across the crypto community, Coinbase revealed plans to go public during the first quarter of this year in December after filing a draft registration with the SEC.
Last week, Coinbase revealed it is seeking to conduct its public offering by direct listing rather than a typical IPO, allowing the firm’s shareholders to sell their stock directly to the public without lock-ups.
https://ift.tt/3rrYMhY
Comments
Post a Comment