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    Sam Bankman-Fried will likely appear in a suit and tie at trial

    In a Sept. 27 order filed in United States District Court for the Southern District of New York, Judge Lewis Kaplan said the United States Marshals Service and the Metropolitan Detention Center in Brooklyn would make arrangements for SBF to wear business attire for the duration of his criminal trial starting in October. Authorities will be responsible for “accept[ing] and maintain[ing]” 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, 2 pairs of shoes, and “appropriate undergarments”.Continue Reading on Coin Telegraph More

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    Bitcoin remains stable amid regulatory clarity: Gensler’s stance sparks renewed discourse

    Gensler reaffirmed his stance on cryptocurrencies, particularly criticizing what he referred to as crypto “hucksters” and their mishandling of customer assets. Amid these discussions, one of the most critical issues was the SEC’s position on spot Bitcoin exchange-traded funds (ETFs). Gensler disclosed that the agency has yet to determine its course of action following a judge’s ruling in August that mandated a reevaluation of its stance on Bitcoin ETFs.The SEC’s ongoing legal battles have drawn criticism from Rep. Patrick McHenry, Chairman of the House Financial Services Committee. He expressed concerns about the lasting harm the agency’s actions could cause within the industry. However, during questioning, Gensler clarified that Bitcoin does not fall under the category of a security, a statement that has steered a wave of discussion among investors and stakeholders.Despite the ongoing regulatory discussions, Bitcoin’s price remained relatively stable at $26,366, indicating a 0.41% increase over the previous 24 hours. This stability may signal cautious optimism among investors about Bitcoin’s future.Long-term holders of Bitcoin continue to demonstrate their support for the cryptocurrency. Findings from Reflexivity Research revealed that the percentage of Bitcoin supply held by these committed investors is approaching levels not witnessed since late 2015.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    ETH Price Skyrockets as Ethereum ETF Eyes Monday Launch Prospect

    Throughout this week, Ethereum has enjoyed remarkable gains, with its price surging by 4.6% since the beginning of the week. The current rise has made this week the most profitable for the altcoin since July.ETH to USD by According to the analyst, is reportedly eager to expedite the launch of Ethereum Futures ETFs. He suggested that the security regulator has asked ETF filers to update their documentation by Friday evening so that they can become effective on Monday and commence trading on Tuesday.While the crypto community eagerly awaits the launch of futures ETFs, the situation is more complex for spot instruments. The SEC recently deferred its decision on Ethereum Spot ETFs from ARK Invest and VanEck, setting new deadlines for both entities — Dec. 26 for ARK Invest and Dec. 25 for VanEck.This article was originally published on U.Today More