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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Decrypting the SEC's Approval of Spot Bitcoin ETFs: A Comprehensive Review

The recent approval by the United States Securities and Exchange Commission (SEC) for spot Bitcoin exchange trading funds (ETFs) has been met with mixed reactions, shedding light on the toll the long wait has taken on investors and the cryptocurrency industry. SEC Commissioner Hester Pierce, known as "Crypto Mom," expressed her sentiments on the matter, highlighting the unnecessary yet consequential delay in approving spot Bitcoin ETFs. Pierce's statement contrasts with SEC Chair Gary Gensler's more reluctant acknowledgment of the long-awaited decision.

Key Points Highlighted by Commissioner Pierce:

  • Pierce emphasized the prolonged nature of the approval process, spanning over a decade since the first spot Bitcoin ETF application was filed in the U.S.
  • She criticized the SEC's inconsistent denials and shifting approval criteria for spot Bitcoin ETPs, making prediction of approval timelines unfeasible.
  • Retail investors resorted to less efficient methods to gain exposure to Bitcoin due to the SEC's inaction, according to Pierce.
  • The Commissioner noted the missed opportunities over the past decade and criticized the SEC for only changing its stance after a court ruling.

The SEC's recent approval of spot Bitcoin ETFs follows a significant ruling by the U.S. Court of Appeals for the D.C. Circuit in August, which compelled the Commission to reconsider its position. Pierce's remarks underscore the regulatory challenges and missed opportunities that have characterized the journey towards approving spot Bitcoin ETFs.

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