HIMALAYA TECHNOLOGIES APPLAUDS MILETONE SEC DECISION APPROVING SPOT BITCOIN ETF’S; PREPARES EVEREST TOKEN FOR THE FUTURE

Pittsburgh, PA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Himalaya Technologies, Inc. (OTC: HMLA) applauds yesterday’s landmark decision by the SEC and its Chairman Gary Gensler to approve trading of SPOT bitcoin exchange traded funds (“ETF’s”). On Wednesday, the SEC approved the first U.S.-listed ETF’s to track bitcoin in a milestone event for the world’s largest cryptocurrency and the broader crypto industry. These approvals include applications from Financial Titans such as BlackRock, Ark Investments/21Shares, Fidelity, Invesco, VanEck, and several others.

Said Vik Grover, CEO: “Technology as against Regulation is a powerful, reflexive process that inevitably leads to innovation driving change that the government cannot stop. Just as the telecom monopolies in the 1990’s – 2000’s spent billions of dollars and many years fighting packet voice only to see Voice over IP (“VoIP”) triumph and go mainstream eliminating arduous international settlement arrangements, expensive termination fees, confusing per minute rate plans, and often arbitrary regulatory hurdles, blockchain technology will similarly transcend the OTC Markets and result in a more efficient, comprehensive platform for capital flows for growth companies.

The SEC decision approving bitcoin ETF’s is a significant positive for the institutionalization of bitcoin as an asset class. Over time, it should prove to be the inflection point after which legitimate forms of crypto currency, coins, tokens, and NFT’s will move more mainstream. bitcoin ETF’s, which alone are projected by some to attract $50 - 100 billion of capital annually, should pave the way for growth of other innovative products such as Himalaya’s EVEREST Token* (https://www.theeveresttoken.com/), an Ethereum-based utility instrument planned for launch and integration into social networks, online payment platforms, and centralized crypto exchanges for swap into bitcoin and other cryptocurrencies.

Once the dam has been breached, it is going to be impossible for the SEC to continue a ‘just say no to crypto’ approach. I believe yesterday’s spot bitcoin ETF approval by the SEC will prove to be a watershed event for small issuers such as Himalaya Technologies, eventually leading us to being able to quantum leap OTC Markets to the blockchain where the sins of the OTC system and broken regulatory frameworks including FINRA can be absolved. To achieve this and create sustainable value, we are preparing EVEREST Token with a goal of a dividend to or exchange with our shareholders in 2024 subject to legal review and regulatory frameworks. Watch us for further developments as we move our organization into the blockchain world.”