BitMine is set to hold a crucial shareholder vote on January 15 to decide on a significant increase in its stock issuance, from 500 million to 50 billion shares. This move aims to raise additional funds for purchasing Ethereum (ETH), potentially impacting ETH price expectations. On the same day, the U.S. Senate Banking Committee will vote on the "CLARITY Act," a bill designed to address issues of fake trading and false trading volumes in the cryptocurrency market. The act mandates proof of reserves, aiming to resolve ongoing regulatory challenges in the industry.
BitMine Shareholders to Vote on Massive Share Increase for ETH Purchase
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