CoinShares says regulatory impasse has not halted the on-chain adoption of traditional finance, but high interest rates continue to weigh on Bitcoin

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CoinShares：SEC The innovation exemption will continue to drive TradeFi on-chain adoption, but high yields continue to weigh on Bitcoin

BlockBeats news,September 29, CoinShares said in its latest report that the U.S.CLARITY Act failed to advance in the Senate, cooling short-term expectations for legislation on crypto market structure, but the integration of traditional finance and on-chain infrastructure continues. The report said that the regulatory impasse has not disrupted corporate investment in payments, stablecoin distribution, and tokenized securities, and that the market is sustaining institutionalization through practical business partnerships.

CoinShares said that several TradeFi-related developments have recently emerged, including the NYSE and Blockchain.com exploring tokenized U.S. equities and ETF 24-hour trading channels,ICE will establish a two-way data partnership with Blockchain.com; Circle is expanding its Binance-5 year partnership with 100000000 USD strategic investment to promote USDC distribution, among other developments. CoinShares believes that these actions, together with SEC’s recent innovation exemption, will continue to drive the on-chain adoption of trading, payment, and settlement infrastructure.

Market performance shows that crypto assets have temporarily withstood the dual pressures of regulation and interest rates. CoinShares said that its blockchain equities index rose 1.9%, while Bitcoin rose 3.8%; however,USD rose to a 8-week high, and the 10-year U.S. Treasury yield broke above 5.2%. Oil prices remain supported by tensions in the Middle East, and the macro environment remains unfavorable for liquidity-sensitive assets.

Original link https://m.theblockbeats.info/flash/369482

Key points

CoinShares reported that the U.S.CLARITY Act failed to advance in the Senate.
The report said that corporate investment in payments, stablecoin distribution, and tokenized securities continues.
The report said that the NYSE and Blockchain.com are exploring tokenized U.S. equities and ETF 24-hour trading channels.
The report said that ICE will establish a two-way data partnership with Blockchain.com.
The report said that Circle is expanding its partnership with Binance by 5 years and has received 100000000 USD in strategic investment to promote USDC distribution.
CoinShares believes that the relevant actions and SEC’s recent innovation exemption will continue to drive the on-chain adoption of trading, payment, and settlement infrastructure.
CoinShares said that its blockchain equities index rose 1.9%, while Bitcoin rose 3.8%。
The report said that USD rose to a 8-week high, and the 10-year U.S. Treasury yield broke above 5.2%, while oil prices remain supported by tensions in the Middle East.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

The report believes that progress on some crypto legislation has slowed, but businesses are still advancing work on stablecoins, tokenized securities, and on-chain trading. At the same time,USD and rising Treasury yields may continue to put pressure on the market.

Why it matters to readers

It also reflects the continuation of institutional participation in infrastructure development, as well as the pressure that the macro environment is placing on crypto assets.

You can understand it this way: industry development is continuing, but the funding environment is temporarily unfavorable, and the performance of related assets may be affected.

Risks and unknowns

The specific progress of the partnerships and investments involving the NYSE, Blockchain.com,ICE, Circle, and Binance was not provided in formal announcements item by item in the original text.
SEC The specific scope of application of the innovation exemption was not explained in the original text.
《CLARITY Act Whether the
information in the article comes from media relay of a CoinShares report; the original report was not provided for item-by-item verification.

CoinShares says regulatory impasse has not halted the on-chain adoption of traditional finance, but high interest rates continue to weigh on Bitcoin

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