Because of the bear market and ambiguous laws, Visa and Mastercard’s embrace of cryptocurrencies may have run into trouble. Crypto cycles are not for the faint of heart. Cuy Sheffield, who is in charge of Visa’s cryptocurrency section, reassured the market that Visa is dedicated to achieving its goals in the space. With the private beta launch of Bluesky, a purportedly decentralized Twitter alternative, and Goldman Sachs’ apparent need for more experts in digital assets, Jack Dorsey is embracing decentralized social networks.
The CEO of Coinbase, Brian Armstrong, reaffirmed that their staking products do not qualify as securities and should not be subject to the Securities and Exchange Commission’s enforcement action. Goldman Sachs is currently accepting applications for crypto-related positions. Crypto exchange Kraken has already received a written warning from the SEC for providing staking services. Crypto exchange Kraken has already received a written warning from the SEC for providing staking services.
