FameEX Morning Crypto News Recap | September 8, 2023

Ethereum Foundation Grants 18 Awards for Account Abstraction Initiatives
The Ethereum Foundation has concluded its grants program supporting ERC-4337, the account abstraction standard. They selected 18 projects with various functions, such as educational content creation and software development for operations based on other applications' needs.

El Salvador Initiates Pilot Program to Integrate Bitcoin into School Curricula
El Salvador's Ministry of Education has teamed up with the nonprofit organization Mi Primer Bitcoin (MPB) to integrate Bitcoin-related content into the national school curriculum. Through a pilot initiative, 150 teachers will be trained to teach Bitcoin in 75 public schools across the country, aiming to promote financial education and awareness of cryptocurrency among students.

ECB Official Updates on Digital Euro Advancements, Expresses Concerns About Paypal's Stablecoin
ECB executive board member Fabio Panetta voiced concerns about private provider-issued stablecoins like Paypal's and updated on the digital euro's progress. The ECB is in the final stages of its investigation, paving the way for the Governing Council to decide on the project's next steps.

CFTC Commissioner Advocates for Pilot Program on Crypto Regulation
Caroline Pham, a CFTC commissioner, plans to propose a limited pilot program for crypto regulation after public discussions. She believes the U.S. should catch up with crypto-friendly jurisdictions and envisions a program resembling state-level regulatory sandboxes.

JPMorgan Ventures into Deposit Tokens for Settlement Solutions
JPMorgan is working on a blockchain-based deposit token system for cross-border transactions among banks serving corporate clients. The system's deployment depends on regulatory approval in the United States, marking JPMorgan's further expansion into the cryptocurrency realm.

House Committee to Resume Digital Dollar Talks in September 14 Hearing
Republican lawmakers on a House committee are set to hold a hearing on September 14 to discuss the implications of issuing a Central Bank Digital Currency (CBDC) and explore private sector alternatives. This discussion, titled the "Digital Dollar Dilemma," precedes a testimony by SEC Chair Gary Gensler before the full committee by about two weeks.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.