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What happened last night in the crypto market?
• Bitcoin ETFs recorded a net outflow of $227.9 million on March 5, but the total over 7 days remains positive at $235.8 million.
• The Federal Reserve, OCC, and FDIC clarified that tokenized securities should receive the same capital treatment as traditional securities.
• Discussions on the structure of the crypto market are progressing in the United States, with Senator Tillis identified as a key vote for the Clarity Act. A review by the banking committee could take place in late March.
• The SEC reached an agreement with Justin Sun and TRON after their case was suspended.
• Pudgy Penguins faces a trademark infringement lawsuit from Penguin clothing company after ignoring a cease and desist order in 2023.