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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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...
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SEC registrants seek DeFi and physically-backed Bitcoin ETF approval

Amplify ETFs, Invesco and Galaxy submitted registrations to the U.S. SEC for Bitcoin and DeFi-based ETF offerings.

Crypto companies from the United States filed two registration statements with the Securities and Exchange Commission (SEC) seeking permission to sell exchange-traded funds (ETF) in relation to Bitcoin (BTC) and decentralized finance (DeFi).

An Atlanta-based investment company, Invesco joined New York’s Galaxy Digital Funds to file and register Invesco Galaxy Bitcoin ETF, a trust with physically protected private keys. Illinois-based Amplify ETFs filed the second registration for adding DeFi centric open-end EFT funds offering to the Amplify ETF Trust.

If approved by the SEC, the Invesco Galaxy Bitcoin ETF will be registered as a securities offering with the ability to get listed on traditional national exchanges in the U.S. According to the filing, the trust will use “robust physical barriers to entry, electronic surveillance and continuously roving patrols” to protect Bitcoin private keys.

On the other hand, SEC’s approval for Amplify ETFs’ FORM N-1A filing will allow the company to issue unlimited new shares for American investors. However, this is the second time Galaxy has applied for a Bitcoin ETF registration since April 12, the approval of which is due in October.

Both Invesco and Amplify ETFs are yet to respond to Cointelegraph’s request for comment.

Related: SEC chair doubles down, tells crypto firms ‘come in and talk to us’

The US SEC chairman, Gary Gensler, has been pursuing crypto businesses to register with the authorities. In a statement from September 14, Gensler asked crypto-related companies to “come in and talk to us,” citing probabilities of legal status on a case-to-case basis.

In August, Gensler had shared similar sentiments, seeking a robust crypto regulatory regime to improve investor protection across “crypto finance, issuance, trading, or lending.” More recently, he demanded clarity for the stablecoin ecosystem. “The poker chip is these stablecoins at the casino gaming tables,” he said.

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