Tag: SEC

XRP ETF Odds Drop 8% After SEC Opposes

Key Notes Despite the drop in XRP ETF approval odds, XRP price remains stable around $3.05. Speculation continues around a potential BlackRock XRP ETF, and Ripple partner SBI Holdings has filed for a Bitcoin-XRP dual ETF in Japan. All 13 recent internal SEC votes on crypto ETPs passed with a 3-1 margin, with Crenshaw as the sole dissenting vote. The odds of spot XRP ETF approval have tanked more than 9% to 62% soon after Caroline Crenshaw, the Commissioner of U.S. Securities and Exchange Commission (SEC), said that she remains…

SEC Commissioner Crenshaw Rebuffs Statement on Liquid Staking

The staunch crypto critic has once again challenged her colleagues in the SEC’s Division of Corporation Finance on their favorable guidance on liquid staking. Crenshaw Pushes Back on SEC’s Liquid Staking Guidance Commissioner Caroline Crenshaw of the U.S. Securities and Exchange Commission (SEC), who Coinbase CEO Brian Armstrong once called “a failure,” has once again […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Former SEC Chief of Staff Compared Liquid Staking To Lehman Brothers.

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Former US Securities and Exchange Commission (SEC) chief of staff Amanda Fischer drew crypto community ire after comparing liquid staking to factors that exacerbated the 2008 global financial crisis. In a Tuesday staff statement, the SEC stated that it does not consider certain liquid staking activities to be security offerings and, as such, they do not fall under the purview of the agency. In a post on X, Fischer compared liquid staking activities to the Lehman Brothers’ use of client assets as collateral for the firm’s transactions. The collapse of…

SEC Guidance on Liquid Staking a Win for DeFi, Institutions

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The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets. Released Tuesday, the SEC staff issued a guidance on liquid staking, writing that under certain conditions, liquid staking activities and the receipt tokens they generate do not constitute securities offerings. “Institutions can now confidently integrate LSTs into their products which is sure to drive new revenue streams, expand customer bases, and enable…

US SEC Commissioner Slams Agency’s Statement on Liquid Staking: “Muddies the Waters”

US SEC Commissioner Caroline Crenshaw sharply criticized a staff statement released on Tuesday by the regulator’s Division of Corporation Finance that praised the SEC’s position on liquid staking activities, saying it created more confusion than clarity. “Some things are better left unsaid,” began Crenshaw’s rebuttal, in which she argued that the staff statement “only muddies the waters” by relying on unverified assumptions. Crenshaw said the statement creates a “wobbly wall of facts without an anchor in industry reality,” warning liquid staking entities to proceed cautiously: “Caveat liquid staker.” The SEC…

SEC Says Certain Liquid Staking Activities Fall Outside of Securities Laws

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The US Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities do not constitute securities offerings, a notable step in the agency’s ongoing effort to provide clearer guidance on digital asset regulation. “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,” the regulator said Tuesday, referring to key sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. “Today’s staff statement…

Philippines SEC Flags 10 Crypto Exchanges for Violations

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The Philippines Securities and Exchange Commission (SEC) issued an advisory naming 10 major crypto exchanges, including OKX, Bybit, KuCoin, Kraken and others, for operating without the required authorization under the country’s new crypto regulations. The alert, published on Monday, warned that the platforms continued to offer or promote crypto services to Philippine users despite lacking registration under SEC Memorandum Circulars No. 4 and No. 5, which took effect on Tuesday. “These platforms have no license, registration, or authorization from the SEC to operate in the Philippines or to solicit investments…

Philippine SEC Flags 10 Crypto Exchanges Defying New Digital Asset Regulation

Top global crypto exchanges face mounting legal peril in the Philippines after being accused of illegally targeting users and violating strict new digital asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating Illegally in the Country The Philippine Securities and Exchange Commission (SEC) published an advisory on Aug. 4, alerting investors about unregistered offshore […] Source CryptoX Portal

SEC, CFTC Division to end Fragmented US Crypto Landscape

The White House’s long-awaited report on cryptocurrency policy recommendations that could bring an end to years of regulatory uncertainty for digital asset firms, many of which have struggled with unclear guidance around securities laws. US President Donald Trump’s Working Group on Digital Assets released its crypto policy report last Wednesday, which outlines recommendations on market structure, banking regulations and methods to bolster the US dollar’s dominance through stablecoins and crypto tax laws. One of the report’s key proposals is a clearer division of responsibilities between the US Securities and Exchange…

SEC Upping Bitcoin ETF Options Limits Will Boost IBIT: NYDIG

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BlackRock’s market-dominating spot Bitcoin exchange-traded fund may get bigger after the US Securities and Exchange Commission increased position limits for many Bitcoin funds, according to crypto financial services firm NYDIG. The SEC on Tuesday increased the number of allowed options contracts from 25,000 to 250,000 “for all ETFs with options,” which includes the iShares Bitcoin Trust ETF (IBIT) but not the Fidelity Wise Origin Bitcoin Fund (FBTC), NYDIG’s global head of research, Greg Cipolaro, said in a report on Friday. “The change is likely to widen the monstrous lead that…