More Benjamins!
We’re making today’s post free for all readers on Substack, happy reading!
Of course CFTC would _love_ to regulate crypto but if it does so, it will need more money… goes the message from the incoming / awaiting confirmation Chairman as Quintenz Says CFTC Will Need More Funding If Tasked With Broader Crypto Oversight (The Block).
Much happening elsewhere in Washington DC too as Rep. Timmons Asks SEC For Docs On Agency’s Past Approach To Ethereum, House Agriculture Committee Advances Crypto Market Structure Bill / Crypto Market Structure Bill Moves Out Of House Committees, Stablecoin Action Pending (CoinDesk) and US House Financial Services Committee Advances Crypto CLARITY Act (all Cointelegraph).
Meanwhile, PYMNTS reviews the SEC roundtable by saying, SEC Aims To Ease Regulations On DeFi After Years Of Scrutiny.
Elsewhere in regulation, a Crypto Asset Reserve Bill Lands In Ukraine’s Parliament (Cointelegraph) and under a new Chairman (the former PSE boss), the SEC PH Unveils Sweeping New Crypto Regulations (Manila Bulletin).
The IPO pipeline continues to grow as eToro and Circle’s Success Opens Up Crypto Public Listing Gates: Bullish Files For IPO (Finance Magnate).
Ripple's Brad Garlinghouse Says Circle IPO Signals U.S. Stablecoin Regulation Ahead (Coindesk) and Circle’s IPO Underscores Need For A Diversified Crypto Portfolio, Says Bitwise CIO (The Block).
While the Librarian Ghouls Hacker Group Is Targeting Russians To Mine Crypto, MEXC Launches $100M User Protection Fund To Cover Platform Breaches and the Ethereum Foundation Highlights UX, Social Layer As Security ‘Challenges’ (Cointelegraph).
Another distributor for the liquidator’s payout as FTX Estate Adds Payoneer As Third Distributor Alongside Kraken And BitGo (The Block).
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IPO-VID LIVESTREAM: NEXT TUESDAY
"Introducing The Ethiopian SX"
Guests: Michael Habte
June 17th, 2025
1700 UK, 1800 CET, 1200 EST
Having worked with top-tier global financial firms, including Citigroup, Bloomberg, BBVA, Moody’s, and Wood Mackenzie, Michael Habte co-led the ESX Project Office which led to his becoming COO of the Ethiopian Securities Exchange (ESX), where he oversees all aspects of the exchange’s operations, including trading, clearing, settlement, and regulatory compliance. Join us to hear about Ethiopia's exciting new stock exchange.
From our sister publication, EI Weekend:
EXCHANGE INVEST WEEKLY PODCAST
Celebrating US T+1 Day At T+1 Years Old
NSE IPO Talk Harms Private Markets,
Sino Commodity Internationalization Is Coming,
AMX Trades Tabadul,
& There’s A Kenyan CEO Pickle.
Books worth reading:
Finance Book Of The Week
“Progress: Ten Reasons to Look Forward to the Future ” by Johan Norberg traces just how far we have come in tackling the issues facing our species. Progress is a call for renewed hope in defiance of the doom-mongering of politicians and the media.
Get the book here.
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Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
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