Jim Cramer advised against purchasing derivatives and suggested buying Bitcoin directly. （Bitcoin Archive）

According to Bitcoin.com News, Sandmark, a cryptocurrency analysis platform, found on August 19th that Binance still allows users in Austria, France, Germany, Spain, and Belgium to register and complete identity authentication, and their accounts can use services such as receiving cryptocurrency deposits. The European Securities and Markets Authority (ESMA) requires unauthorized institutions to cease account opening and service marketing for EU clients by July 1st. Binance stated that it is still pushing for relevant licenses and has taken measures to ensure that its products and services comply with applicable legal regulatory frameworks. On August 14th, the Austrian Financial Market Authority (FMA) fined Bitpanda 70000 euros for notification and marketing violations.

Elon Musk stated that Bitcoin is his largest personal holdings after Tesla and SpaceX. （Bitcoin Archive）

[CoinDesk Calls on U.S. Congress to Pass the 'Clarity Act' to Establish a Regulatory Framework for Digital Assets] According to CoinDesk, an article calls on the U.S. Congress to pass the 'Clarity Act' to establish a unified regulatory framework for digital assets. The article points out that enforcement-led regulation dominated by the SEC has created uncertainty. The act aims to clarify the attributes and jurisdiction of spot digital assets, distinguish between the definitions of commodities and securities, and grant clear authority to the CFTC and SEC.

Ray Dalio stated that if the United States does not reduce its deficit to 3% of GDP, it will face a debt crisis within three years, and said that the increase in debt supply, weak Treasury demand, and printing money make gold and Bitcoin superior to bonds. （Cointelegraph）