Vaneck Files With SEC to Launch BNB-Backed ETF

Digital asset manager Vaneck has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) offering direct exposure to BNB, the native cryptocurrency of the BNB Chain. BNB Enters ETF Arena With New Vaneck Filing On May 2, 2025, Vaneck Digital Assets, LLC submitted an S-1 registration statement […] Source BitcoincryptoexchangeExchanges CryptoX Portal

The SEC Can Learn From the IRS in Making Regulation Simpler for Crypto

In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is imminent. Since then, the SEC, in line with President Trump, has taken a far less adversarial stance towards the cryptocurrency industry, as evidenced by the appointment of crypto-friendly personnel and the abandonment of numerous lawsuits and investigations into crypto companies. But DOGE has the potential to implement further change, and interest in the SEC signals growing pressure towards regulators to…

SEC Ditches PayPal’s PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

The U.S. Securities and Exchange Commission has closed its investigation into PayPal’s dollar-backed stablecoin, PayPal USD (PYUSD), without taking enforcement action, ending a regulatory chapter that began more than a year ago, the company said. “In November 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin. The subpoena requested the production of documents. In February 2025, the SEC communicated it was closing this inquiry without enforcement action,” PayPal disclosed this week in a filing. Wednesday’s filing marks the latest SEC move to…

US crypto groups urge SEC for clarity on staking

Nearly 30 crypto advocate groups led by the lobby group the Crypto Council for Innovation (CCI) have asked the Securities and Exchange Commission for clear regulatory guidance on crypto staking and staking services. The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30 letter to the agency’s Crypto Task Force lead, SEC Commissioner Hester Peirce, that staking is fundamentally a technical process, not an investment activity.  “Staking isn’t niche — it’s the backbone of the decentralized internet,” the letter said.  The letter responded to the SEC’s call…

Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security

The Crypto Council for Innovation is making a case with the U.S. Securities and Exchange Commission that staking is not only a virtue for digital asset markets, but it should be hands-off for the securities regulator. The group — a coalition of staking interests, including Kraken, a16z, Lido, Galaxy, Figment, Polychain and Paradigm — argued in a letter to the agency’s crypto task force that the logic behind the SEC staff’s recent statement that “proof-of-work” crypto mining isn’t a securities transaction under the agency’s jurisdiction, should extend to the practice…

Nasdaq Seeks SEC Approval to List Dogecoin ETF Backed by 21Shares

Nasdaq is charging into the future with a groundbreaking proposal to list the 21Shares Dogecoin ETF, unlocking unprecedented access to DOGE through mainstream brokerage channels. Nasdaq Seeks SEC Approval to Launch 21Shares Dogecoin ETF Nasdaq filed a proposal on April 28 to list and trade shares of the 21Shares Dogecoin exchange-traded fund (ETF) with the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC punts decisions on XRP, DOGE ETFs

The US Securities and Exchange Commission (SEC) has postponed deciding on whether to greenlight two proposed cryptocurrency exchange-traded funds (ETFs) holding Dogecoin and XRP, filings show.  The US regulator has delayed its deadline for ruling on the proposed ETF listings until June, according to two filings reviewed by Cointelegraph.  The filings were responses to March requests from US exchanges NYSE Arca and Cboe BZX Exchange to list Bitwise’s Dogecoin (DOGE) ETF and Franklin Templeton’s XRP (XRP) ETF, respectively.  They came on the same day that Nasdaq, another US exchange, asked…

Grayscale presses SEC on ETH ETF staking as Ethereum targets $2K

Key Notes Grayscale is pushing the SEC to allow ETH staking, unlocking millions in missed rewards. Massive ETH inflows into exchange Binance sparked fears of a new wave of selling pressure. ETH could target $2,000 in the near future as Buterin unveiled massive upgrades for ETH. The representatives from Grayscale Investments met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on April 21 to advocate for allowing staking within Ethereum exchange-traded products (ETPs). Grayscale proposed amendments to its Form 19b-4 filings for both the Grayscale Ethereum Trust…

Coinbase presses to axe rule banning SEC staff from holding crypto

Coinbase has urged the US Office of Government Ethics to remove a rule banning Securities and Exchange Commission staff from holding crypto. SEC staff need to use crypto to better understand how it works and the best way to regulate it, Coinbase chief legal officer Paul Grewal argued in open letters sent to OGE acting director Jamieson Greer and newly sworn-in SEC Chair Paul Atkins, which he shared to X on April 25. “To regulate technology, you need to understand it. To understand technology, you need to use it,” Grewal…

New SEC Chair Promises Radical Crypto Reforms—Vows to Make US the Top Investment Hub

Crypto markets and investor confidence are poised for explosive growth as new SEC leadership vows to end overreach, restore fairness, and champion clear digital asset regulations. New SEC Leadership Signals Massive Win for Crypto Innovation and Investor Confidence Paul Atkins officially assumed leadership of the U.S. Securities and Exchange Commission (SEC) during a swearing-in ceremony […] Source CryptoX Portal