CFTC and SEC Seek Cooperation to Regulate Digital Assets Effectively

U.S. financial regulators, the CFTC and SEC, are enhancing discussions to clarify the regulatory landscape for digital assets, with a focus on cooperation. CFTC Commissioner Caroline Pham emphasized the need for predictable guidelines, while Rep. John Rose introduced the BRIDGE Digital Assets Act to establish a Joint Advisory Committee aimed at improving regulatory clarity. Critics argue that the SEC’s enforcement-heavy approach hinders innovation, highlighting the ongoing debate over the classification of cryptocurrencies as securities or commodities.

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Dogecoin Price Outlook Analysts Predict Potential Rebound Amid Concerns

Dogecoin (DOGE) is showing potential for a comeback, with analysts suggesting that a breakout above $0.29124 could lead to a rally towards $0.50-$0.60. However, concerns about declining network activity and futures trading volume raise the risk of a price drop to $0.06 if it falls below $0.19.

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Montana Bill Advances to Allow Bitcoin as State Reserve Asset

Montana’s House Bill 429, which allows the state to invest in Bitcoin and other digital assets, has passed the Committee stage and is set for a vote in the House. The bill establishes a special revenue account for investments in precious metals and digital currencies, with a limit on crypto assets based on market capitalization. The state treasurer is required to transfer up to $50 million from the general fund to this account by July 15, 2025.

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