SEC plans to introduce “innovation exemption” for Bitcoin and crypto firms by end of the year

CNBC’s “Squawk Box” team discusses cryptocurrencies, markets and more with Anthony Scaramucci, founder and managing partner of SkyBridge Capital.

Last week, the SEC approved rule changes that are likely to further result in an even greater supply of cryptocurrency related exchange traded products. In January 2024, the first wave of spot bitcoin ETFs began trading in the U.S. Demand for these products was stronger than many expected, including me. Six months later, the first spot ethereum ETFs ...

Nearly all crypto assets are seeing red on Monday, with the total market capitalization for all crypto assets falling below $4 trillion since Sunday evening. Bitcoin (BTC-USD) fell 3%. The second-largest cryptocurrency, ether (ETH-USD), fell 6%. Solana’s (SOL-USD) token is down 7%. Dogecoin (DOGE-USD) and World Liberty Financial (WLF) are each down 10%. ...