Nebraska lawmaker proposes research on blockchain agricultural applications Early details: Chain circle dynamics Nebraska lawmaker proposes to conduct research on blockchain agricultural applications Coin circle dynamic JPMorgan Chase: Tether will continue to face difficulties in entering the U.S. banking system SEC commissioners: The SEC has no reason not to approve bitcoin ETFs Two Canadian bitcoin ETFs this week issued a "market disruption" alert SEC lawyer: Ripple was told by its lawyers that XRP may be both currency and securities

JPMorgan Chase & Co. Tether will continue to face difficulties in gaining access to the U.S. banking system; two Canadian Bitcoin ETFs issued "market disruption" alerts this week

The chain has to be reported in the morning. May 22, 2021 at 09:20 AM

<h1 toutiao-origin="h2" > early market details:</h1>

ChainDede ChainDD's may 22 market shows that the combined index and CoinMarketCap quotes:

BTC was trading at $37,330.66, down 10.11% in 24 hours;

ETH was trading at $2423.64, down about 16.15% in 24 hours;

DOT was trading at $23.86, down about 20.70% in 24 hours;

DOGE was trading at $0.3521, down about 13.24 percent in 24 hours.

< h1 toutiao-origin="h2" > chain dynamics</h1>

<h1 toutiao-origin="h2" > Nebraska lawmakers proposed to study blockchain agricultural applications</h1>

Carol Blood, a Member of the Uss of Nebraska, has submitted a legislative proposal called "Study the Potential Application of Blockchain Technology in Agricultural Operations." If approved, it will clear the way for state officials to investigate the potential for the use of blockchain technology in agriculture.

Specifically, the bill requires specific areas of research, including "how blockchain technology can be used to trace product origins from farm to shelf," "potential use cases for using blockchain to monitor farm conditions, including but not limited to weather, soil quality, and the capabilities of irrigation equipment," and "using blockchain for data verification and certification of organic products." "The potential use of blockchain as an asset exchange tool, including payments for sales and storage of products and devices, will also be studied.

< h1 toutiao-origin="h2" > coin circle dynamics</h1>

<h1 toutiao-origin="h2" > JPMorgan Chase: Tether will continue to face difficulties in gaining access to the U.S. banking system</h1>

JPMorgan Chase & Co. interest rate derivatives strategist Josh Younger released a new report on stablecoins and their interactions with the commercial paper market on Friday.

"It is not known whether the allocation of Tether reserves represents other smaller stablecoins," the report reads. A key question is why they choose to rely more on commercial paper, which introduces more logistics and relative value considerations in terms of credit and maturity than relatively simple bank deposits. There are three reasons to believe that Tether has faced and will continue to face difficulties in gaining access to the domestic banking system, especially at the scale needed to absorb a considerable portion of its already huge reserves. First, their assets may be overseas, not necessarily in the Bahamas. Second, the OCC's recent guidance authorized domestic banks under its supervision to accept deposits from stablecoin issuers (among other requirements) only if those tokens were fully retained, and Tether has acknowledged misrepresentation and violations in its recent settlement with NYAG's office. Finally, these acknowledgments, along with other concerns, could raise reputational risk concerns among large domestic banks, as they are able to accommodate a significant portion of these reserve assets. ”

< h1 toutiao-origin="h2" > SEC commissioner: the SEC has no reason not to approve a Bitcoin ETF</h1>

SEC member Hester Peirce, a crypto mom, said the SEC had no reason not to approve bitcoin ETFs. Peirce said: "We are long overdue for approval of bitcoin ETF products, and we now have a lot more information than before. I am hopeful about that because we have a new President and the new President is interested in this area, we will have the opportunity to revisit this area. ”

<h1 toutiao-origin="h2" > two Canadian Bitcoin ETFs issued "market disruption" alerts this week</h1>

During this week's crypto market turmoil, two Canadian Bitcoin ETFs operated by Horizon Funds issued "market disruption" alerts. Horizon alerted its market makers in early Trading on the Toronto stock market that if the futures price remained below its lower limit at the end of the trade, they would not be able to honor the day's buy and sell orders.

Steve Hawkins, CHIEF Executive Officer of Horizons ETF Canada, said: "At 9am we are on high alert and we have to develop all our business continuity plans for these ETFs. ”

< h1 toutiao-origin="h2" > SEC attorney: Ripple was told by his lawyer that XRP could be both a currency and a security</h1>

On a conference call from Ripple and the U.S. Securities and Exchange Commission (SEC), SEC senior trial lawyer Jorge Tenreiro argued that Ripple's lawyers had told the company that XRP could be both currency and securities. It also said Ripple is a veteran, employing at least 12 law firms. Ripple attorney Gregory Rapawy claimed: "The advice Received by Ripple is not the subject of this defense. We believe that XRP is not an investment contract irrelevant, which is strictly a liability. Our defense is impartial, not our state of mind. ”

In response, SEC attorney Tenreiro asked Ripple to retract its affirmative defense. U.S. District Court Judge Sarah Netburn said the ruling would be announced "as soon as possible." Earlier, the SEC asked the court to force Ripple to produce all relevant documents for the legal advice the company has sought in the past.