SEC’s Next Roundtable To Discuss Crypto Custody With Insiders

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By Kapil Rajyaguru

SEC’s Next Roundtable To Discuss Crypto Custody With Insiders.

The US Securities and Exchange Commission (SEC) announced industry insiders from Kraken, Exodus, Anchorage Digital, and others would be participating in its crypto task force’s roundtable discussion on custody.

Notably, Uyeda was listed as acting chair of the commission at the April 25 event, despite the US Senate confirming that Paul Atkins would head the regulatory body on April 9.

Among the topics listed on the roundtable’s agenda are discussions on broker-dealers and custody at investment firms.

Raydium Debuts LaunchLab To Rival Memecoin Maker Pump.fun.

The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun.

The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm by moving its token migration from Raydium’s liquidity pools to its own new decentralized exchange, PumpSwap.

LaunchLab will leverage Raydium’s liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad.

Panama’s Capital To Accept Crypto For Taxes, Municipal Fees.

Panama’s capital city will accept cryptocurrency payments for taxes and municipal fees, including bus tickets and permits.

Panama City will begin accepting Bitcoin, Ether, Circle’s USDC and Tether’s USDt stablecoin for payments once the crypto-to-fiat payment rails are established.

Ethereum Fees Drop To A 5-Year Low As Transaction Volumes Lull.

Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment.

Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether and interacting with smart contracts.

ETH has fallen over 12.5% in the past 14 days and has traded flat over the past 24 hours, hovering just under $1,600, according to CoinGecko.

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