Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

DRV is now available for funding & trading!

We’re thrilled to announce that DRV is now available for funding and trading on Kraken! Funding and trading DRV funding and trading is live as of 12:00 AM UTC today, January 15, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken The new token is tradeable on Kraken and Kraken Pro with the following parameters: Asset Pair Price decimal precision Minimum order size Minimum deposit DRV USD, EUR 0.0001 25 25 Note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). DRV is not available in DE . Here’s some more information about these assets: Derive (DRV) is the native token of Derive, a decentralized derivatives exchange. Derive provides access to options, perpetual futures and more recently AI-enabled trading features, enabling users to hedge risks and speculate on different types of crypto assets without relying on traditional intermediaries. The DRV token is used for governance , collateralization, and incentivizing participation in the Derive ecosystem. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here . The post DRV is now available for funding & trading! appeared first on Kraken Blog . Crypto Potato

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Gary Gensler: SEC Has Never Declared Bitcoin or Ethereum as Securities

Gary Gensler: SEC Has Never Declared Bitcoin or Ethereum as Securities In a recent Yahoo Finance interview , Gary Gensler , Chairman of the U.S. Securities and Exchange Commission (SEC), clarified a long-standing misconception surrounding Bitcoin (BTC) and Ethereum (ETH). Gensler stated that neither he nor his predecessor, Jay Clayton , had ever labeled Bitcoin or Ethereum as securities . Furthermore, Gensler noted that the SEC itself has refrained from definitively classifying these assets as securities, citing the commission’s mandate and the unique characteristics of these tokens. What Did Gensler Say? Bitcoin and Ethereum’s Status Gensler emphasized that the SEC has never declared Bitcoin or Ethereum as securities . He explained that the nature of the SEC’s work prevents the commission from definitively classifying these tokens as securities. Historical Context Gensler pointed out that investors had access to Bitcoin and Ethereum long before exchange-traded fund (ETF) products involving these assets were launched. This highlights their decentralized origins and their adoption as non-securities by market participants. Why Bitcoin and Ethereum Are Treated Differently Bitcoin’s Decentralization Creation Without Issuers: Bitcoin was created through a decentralized process, with no central authority or initial coin offering (ICO). Global Consensus: Its decentralized nature has led regulators to treat it as a commodity rather than a security. Ethereum’s Evolution Initial Fundraising Questions: While Ethereum’s 2014 ICO sparked some initial scrutiny, its transition to a decentralized network has distanced it from traditional securities classifications. Regulatory Silence: The SEC’s lack of an official declaration on Ethereum reflects the complexity of applying securities laws to blockchain-based assets. Gensler’s Comments in Context Investor Misconceptions Gensler’s clarification comes amid ongoing debates about the classification of cryptocurrencies and regulatory oversight. His statement aims to dispel the notion that the SEC has taken a definitive stance on Bitcoin or Ethereum as securities. SEC’s Mandate Case-by-Case Basis: The SEC evaluates assets individually to determine whether they meet the criteria of a security under the Howey Test . Non-Definitive Statements: Due to this approach, broad classifications of cryptocurrencies remain rare. Implications for Bitcoin and Ethereum Investors Regulatory Clarity Gensler’s remarks reaffirm that Bitcoin and Ethereum are unlikely to face regulatory challenges as securities, ensuring continued confidence among investors. Market Dynamics ETF Adoption: The approval of Bitcoin and Ethereum ETFs demonstrates their acceptance as legitimate investment assets. Institutional Interest: Continued regulatory ambiguity may slow institutional adoption for newer tokens but reassures confidence in Bitcoin and Ethereum. The Broader Debate on Crypto Regulation Other Cryptocurrencies Under Scrutiny While Bitcoin and Ethereum enjoy regulatory leeway, many altcoins face questions regarding their status as securities. Recent SEC enforcement actions have targeted ICOs and tokens deemed to have violated securities laws. Future Clarity Comprehensive Frameworks: As the crypto market evolves, regulatory agencies may introduce clearer guidelines for digital asset classification. Role of Congress: Legislative action could provide the definitive clarity that the SEC currently avoids. Conclusion Gary Gensler’s assertion that neither Bitcoin nor Ethereum has been officially labeled as securities by the SEC underscores their unique status in the cryptocurrency market. While regulatory uncertainty persists for many digital assets, Bitcoin and Ethereum continue to enjoy broad acceptance due to their decentralized nature and established market presence. As crypto regulations evolve, these flagship cryptocurrencies remain key pillars of the digital asset ecosystem. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. Crypto Potato