BitMine will hold a shareholder vote on the share issuance.
AI Summary1 min read
TL;DR
The US Senate Banking Committee will vote on the CLARITY Act to regulate crypto fraud and reserves. BitMine shareholders will vote on a share issuance to raise funds for ETH purchases, potentially boosting ETH prices.
Tags
EthereumSmart ContractsLayer 1CLARITY ActBitMineshareholder voteETH pricecryptocurrency regulation
Mars Finance reports that the cryptocurrency market is about to witness two key events: First, the US Senate Banking Committee will vote on the CLARITY Act. This bill aims to combat fraudulent transactions, deceptive trading, and inflated trading volumes, and mandates proof of reserves, potentially resolving long-standing cryptocurrency regulatory issues. Second, BitMine's shareholder day will take place, where shareholders will vote on a share issuance (increasing the issuance from 500 million shares to 50 billion shares). If the vote passes, BitMine will receive more funds to purchase ETH, thereby boosting ETH price expectations.