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U.S. Court Calls ETH a Commodity; Binance to 'Gradually' End Support for BUSD Products

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto today. Elon Musk's social media platform, X, obtains money or currency transmitter licenses in seven U.S. states. A New York court is classifying ether and bitcoin as "commodities", what it means for a proposed class action lawsuit against Uniswap. Plus, the timeline for Binance ending support for its BUSD stablecoin.

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Commodity Futures Trading Commissioner on the Role of Privacy for Digital Transactions

At Consensus 2023, the Commodity Futures Trading Commissioner, Christy Romero, discusses the ideas of digital identity and financial privacy.

Consensus 2023 Highlights

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Co-Author of Biden's Executive Order on Crypto Explains How to Get Clarity in Defining Digital Assets

Following U.S. President Joe Biden's executive order that directed federal entities to comprehensively regulate the industry, regulatory uncertainty still remains in the crypto markets. One of its authors Carole House, who is a former White House director of cybersecurity and secure digital innovation at the National Security Council and currently an executive in residence at Terranet Ventures, cites the The Digital Commodities Consumer Protection Act to clarify the definition around securities versus commodities.

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Why Indonesia Is Bullish About Crypto Adoption

The Indonesian government is pushing for locally issued crypto tokens to one day join palm oil or coal among the country's major export commodities. CoinDesk’s Emily Parker discusses the current state of crypto adoption in Indonesia.

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