Tag: SEC

SEC Fumbled Ball on Digital Large Cap Fund ETF listing

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Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday. The SEC’s Division of Trading and Markets initially approved the ETF proposal, but the SEC’s Office of the Secretary decided to review the action immediately afterward, halting the decision, Grayscale’s attorneys said. The initial letter from the SEC approving the listing of the Grayscale fund. Source: SEC This violates the “statutory approval or disapproval deadline” set by the…

CLARITY Bill Could Allow Tesla And Meta To Evade SEC Rules

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Massachusetts Senator Elizabeth Warren is sounding the alarm about how publicly traded companies could essentially bypass US securities laws if a bill to regulate cryptocurrency markets becomes law. In a Wednesday hearing of the Senate Banking Committee to address crypto market structure legislation, ranking member Warren said she would be in favor of digital asset regulations strengthening the US financial system, but expressed concerns about the Digital Asset Market Clarity, or CLARITY, Act under consideration in the House of Representatives. The Massachusetts senator suggested that “non-crypto companies” could tokenize their…

Trump Media’s ‘Truth Social Bitcoin and Ethereum ETF’ under SEC review

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Trump Media’s application to list and trade shares of its Truth Social Bitcoin and Ethereum ETF is currently being reviewed by the U.S. SEC as of July 8. A recent filing showed that the U.S. Securities and Exchange Commission has accepted the application for a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund. Truth Social first lodged its S-1 form with the SEC for the crypto ETF that holds both Bitcoin and Ethereum on June 16. According to the filing, the ETF is meant to offer investors exposure to the two…

Truth Social Bitcoin And Ether ETF Filing Acknowledged By SEC

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The US Securities and Exchange Commission has accepted Trump Media’s application for a Bitcoin and Ethereum exchange-traded fund, starting the clock for the agency to approve or reject the proposed fund.  The ETF proposes offering investors exposure to Bitcoin (BTC) and Ether (ETH) through shares listed on NYSE Arca backed by the crypto assets, with 75% allocated to Bitcoin and 25% to Ether, according to the filing.  Foris DAX Trust Company, doing business as Crypto.com, will act as the custodian, and asset management firm Yorkville America Digital will act as…

Solana ETF Approval Fast-Tracked as SEC Issues New July Deadline – Will SOL Price Hit $200?

Key Notes The SEC’s new July 31 deadline for Solana ETF refilings suggests approval could come earlier than the formal October deadline. Polymarket bettors now price in 99% probability of SOL ETF approval before 2025 ends, reflecting strong market confidence. Technical analysis shows SOL could target $200-260 if ETF approval triggers institutional demand similar to Bitcoin and Ethereum patterns. The US Securities and Exchange Commission (SEC) appears poised to approve Solana ETFs faster than expected as the regulator directs issuers to re-submit filings by a new July 31 deadline. SEC…

US SEC Halts Full Launch of Grayscale Digital Large Cap Fund

Key Notes After approving the Grayscale Digital Large Cap Fund (GDLC), the SEC has paused trading for the fund. Analysts believe the SEC intends to establish guidelines for crypto ETFs before proceeding with Grayscale’s application. There are suspicions that the conflicting guidance is a matter of internal politics at the SEC. The United States Securities and Exchange Commission (SEC) will not be taking any action on Grayscale’s Exchange Traded Fund filing for Solana SOL $153.0 24h volatility: 3.2% Market cap: $81.82 B Vol. 24h: $5.18 B , XRP XRP $2.28…

Finance Group Urges SEC Reject Tokenized Equities Exemptions

An industry trade group is urging the US securities regulator to reject a wave of relief requests from crypto companies seeking to offer tokenized stocks.  The Securities Industry and Financial Markets Association (SIFMA), which consists of securities issuers and finance firms, said in a letter on Monday that it has a “significant concern” about reports of crypto firms submitting no-action or exemptive relief to allow them to offer tokenized equities or securities. No-action relief would mean the SEC wouldn’t recommend taking enforcement action against a firm over products it launches.…

SEC Chair Paul Atkins Backs Tokenization, Marks Regulatory Shift After Gensler

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The US Securities and Exchange Commission (SEC) now sees tokenization as an “innovation” to be encouraged in the marketplace, according to Chair Paul Atkins, who pointed to a clear regulatory shift since former SEC Chair Gary Gensler’s tenure ended. “Tokenization is an innovation,” Atkins said in a CNBC interview on Wednesday. “And we at the SEC should be focused on how do we advance innovation in the marketplace.” Atkins contrasted his approach to crypto regulation with his predecessors, saying the SEC had previously hindered innovation through vague laws and “regulation…

SEC eyes single-track crypto ETF listings in quiet talks with exchanges

A little-known SEC consultation could scrap months of bureaucratic delays for crypto ETFs. Instead of dual filings, issuers may soon need just an S-1 and patience, setting the stage for an unprecedented wave of listings. FOX Business reporter Eleanor Terrett has uncovered early discussions between SEC officials and major exchanges about creating standardized listing rules for crypto ETFs. The potential overhaul could fundamentally change how these funds reach the market. Instead of navigating the bureaucratic maze of 19b-4 approvals, issuers might only need to file an S-1 registration and endure…

🛑 It Has Begun ? Latest Crypto Market Analysis BTC News Updates Today 📊

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛑 It Has Begun ? Latest Crypto Market Analysis BTC News Updates Today 📊 Stay up-to-date with the latest crypto news today, featuring updates on Bitcoin, Ethereum, and other top cryptocurrencies. Get the latest trends and insights in the cryptocurrency market. __________________________________________ Follow the AL MAKKAH TECH & BUSINESS HUB channel on WhatsApp: __________________________________________ The cryptocurrency market is known for its volatility, and it’s essential to stay informed about the latest developments to make informed investment decisions. In this article, we’ll cover…