Finance ministers, citing recent market instability, want to see financial stability and money-laundering regulations implemented as quickly as possible.
According to data, the put/call ratio for bitcoin options hit yearly highs on Thursday.
Once regulatory uncertainty is resolved, Commonwealth Bank of Australia CEO Matt Comyn maintains his bank will move on with the second pilot of crypto services via its app.
Hayes pleaded guilty in February to one count of violating the Bank Secrecy Act (BSA), and he faces a maximum sentence of 12 months in jail.
'It was evident to me, it was clear to many that I knew it was a horrible idea,' said Paolo Ardoino, CTO of Tether and Bitfinex.
The chaos on the crypto market following the Terra crash heightened the ministers' feeling of urgency to finish the regulating process.
In court records, the SEC declared, 'After reasonable inquiry, the material known and currently accessible is not adequate to enable the Commission to admit or refuse this motion.'
Why institutional investors will ignore the volatility and negative headlines surrounding digital assets.
LDA Capital, a global investment firm, has committed capital and will give strategic support.
Andrew Kang discussed MicroStrategy's bitcoin strategy with The Wall Street Journal on Wednesday.