The Daily Data Room: Tuesday, June 18th, 2024

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Today's headlines include SEC Commissioner Uyeda acknowledging the benefits of securities tokenization, NYAG completing a settlement with Gemini over the Earn program and recovering $50 million for users, a high-stakes Bitcoin roundtable in DC with the Biden administration and Mark Cuban, and Marathon CEO Fred Thiel predicting Bitcoin transaction fees will surpass the block subsidy.

• A SEC commissioner stated that asset tokenization, including the tokenization of securities, had potential benefits.

• The New York Attorney General's (NYAG) office announced the completion of its deal with Gemini and the recovery of $50 million for customers of the now-defunct Gemini Earn program.

• A U.S. Congressman plans to organize a Bitcoin and blockchain roundtable in Washington, D.C. in early July.

• The CEO of Marathon Digital Holdings predicts that Bitcoin transaction costs will exceed block subsidies.

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