Nasdaq Jumps Into Crypto

Happy Friday Everyone!

With macro firmly in the drivers seat for the time being, were keeping an eye on everything happening off the field.

This week, in a lawsuit filed against a crypto influencer, the SEC used language that suggests it considers the entire Ethereum ETH/USD network to be under its jurisdiction.

Over in the US House of Representatives, a bill has been drafted that would criminalize the issuance of algorithmic stablecoins (think Terra).

Meanwhile, across the pond, US dollar-pegged-token enthusiasts scored a win as the EU dropped limitations on stablecoins from its landmark markets in crypto-assets (MiCA) regulatory framework.

Having said thatlets get to it!

1. Nasdaq jumps into crypto
2. Nomura launches crypto VC unit
3. VC firms want equity, not tokens

1. Nasdaq jumps into crypto

Nasdaq NDAQ has already had its toes dipped into the crypto waters.

Crypto exchanges have been using the companys matching engine technology while other firms in the crypto sphere outsource its surveillance and trading software.

Now, the worlds second-largest stock exchange is going head first by creating a new digital assets division that will act as a custodian of digital assets and initially offer Bitcoin and Ethereum to institutional investors.

As such, it will be competing with players like Coinbase and BitGo, while also bringing an entirely different (and refreshing?) air to the space.