The Digital Asset Market has exploded in the last 6 months! Bitcoin closing in on $50k and Ether looking at $2k. The 8400 plus token Digital Asset Market has surged to $1.4 Trillion in Market Capitalization. It was disclosed that Elon Musk’s Tesla bought $1.5 Billion of Bitcoin to invest excess cash (7% of Tesla cash) and will start accepting Bitcoin to purchase new Tesla models.
But not all is good in the Digital Asset realm as the SEC continues it’s suit against Ripple for sale of XRP as an unregistered security.
Patrick J. McCarty, Adjunct Professor at Georgetown University Law Center and Of Counsel at Ruddy Gregory PLLC, discussed about US legislative and regulatory developments related to Bitcoin, Ether and the broader Digital Asset Market.