SEC Launches Crypto Task Force to Define Regulatory Boundaries

TST the 'official' BSC memecoin

BNB Chain's team created an educational video on Four.meme where the video used Test (TST) token as a showcase. The tutorial drew attention from traders, who discovered the token and went on to boost its liquidity. Influencers started promoting the token after seeing its ticker in one of the video frames.Although the team just called the token TST for a test asset, it was a real token, hence totally tradable.

The former CEO of Binance, CZ claimed this token as unofficial and stated that the secret key of the team has been deleted (0.13% of total supply), and hence Binance has no conflict of interest. However what CZ did was essentially a huge promotion to TST token, and very soon Binance listed TST at
https://www.binance.com/en/trade/TST_USDT
and https://www.binance.com/en/futures/TSTUSDT

SEC Crypto Task Force

https://www.sec.gov/newsroom/speeches-statements/peirce-journey-begins-020425

The U.S. Securities and Exchange Commission (SEC) has launched a new cryptocurrency task force website. According to the webpage, the Crypto Task Force aims to clarify the application of federal securities laws in the cryptocurrency market and propose practical policy measures to foster innovation and protect investors. The task force collaborates with SEC staff and the public to help develop new approaches to cryptocurrency asset regulation.

The Crypto Task Force will assist in defining clear regulatory boundaries, appropriately distinguishing securities from non-securities, crafting tailored disclosure frameworks, providing realistic paths to registration for both cryptocurrency assets and market intermediaries, ensuring that investors have the necessary information to make investment decisions, and ensuring judicious deployment of enforcement resources.

Metamask Gas Station

After annoucement in end of Nov, 2024, MetaMask finally went live with Gas Station feature.

It allows users to directly include network fees when using Swaps, avoiding incomplete transactions due to insufficient ETH balances. Currently, this feature is live on the MetaMask Extension version of the Ethereum mainnet, supporting assets such as USDT, USDC, DAI, ETH, wETH, wBTC, wstETH, wSOL, and more. The mobile version is expected to be released soon.

The development of this MetaMask feature seems a bit slow. One who rises early can accomplish more, lest they fall behind. Rabby, Phantom, OKX, and Binance are all eyeing the hot wallet market eagerly.