Today in crypto, Goldman Sachs CEO David Solomon expressed skepticism about the Federal Reserve cutting rates by 50 basis points, anticipating a smaller cut of 25 basis points. This aligns with market expectations as lower interest rates could enhance the attractiveness of riskier assets like cryptocurrencies. In other news, the Polygon Foundation announced that it had restored consensus and finality functions on its network following a software bug that had caused nodes to fall out of sync. After a hard fork, the issues were resolved and normal operations resumed. Lastly, SEC Chair Paul Atkins stated most tokens are not securities, advocating for a new regulatory framework to streamline crypto activities under unified rules, which would include allowing platforms to operate as 'super-apps'. He emphasized the importance of clear regulations to foster innovation in the U.S. crypto market.

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