Coinbase lobby, Gold tokenization, Bitcoin startups, SpaceX value

Thanks, Rey.

Here's a look at your Coin Street headlines.

Coin Mesa's lobbying arm, along with 65 crypto firms, has urged US House lawmakers to pass a major bill when they meet next week that would lay out how the crypto industry is regulated.

In a letter sent this week, sand with crypto and 65 crypto advocacy groups and firms as House lawmakers to back the digital asset Market Clarity Act, better known as just the Clarity Act, and this act. the roles of the Commodity Futures Trading Commission and the Securities and Exchange Commission in policing crypto.

It gives most of the jurisdiction over crypto to the CFTC that the SEC would regulate the products like crypto-related securities.

Well, BioSci and StreamX have secured 1.1 billion in growth financing to support their pivot into on-chain commodities starting with gold.

Paxos Gold and Tether gold.

Among companies exploring tokenized gold, both cryptocurrencies are backed by physical gold stored in vaults.

Venture capital firm Ego Death Capital has raised $100 million from family offices and other investors to support early stage Bitcoins.

So far, Ego Death has invested in several Bitcoin focused startups, including the Rock Com Exchange, the Rely savings platform, and Breeze, a payment solution built on the Lightning Network.

However, The firm does not plan to invest in hardware-focused companies like Bitcoin miners or wallet makers, and SpaceX is discussing plans to raise money and sell insider shares in a deal that would value the company around $400 billion according to Bloomberg.

The valuation reflects a range of factors, including the rise of its Starlink satellite unit and the company's ability to achieve new milestones with the Starship rocket program, and that's the latest Point Street headlines.