Tag: SEC

Morgan Stanley Pushes Closer to Bitcoin ETF With Amended SEC Filing

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US investment bank Morgan Stanley filed a second amended S-1 for its proposed spot Bitcoin exchange-traded fund (ETF), detailing seed capital, trading partners and listing plans as the Wall Street bank moves closer to launching the product under the ticker MSBT. The amended filing says the trust expects to raise $1 million through the sale of 50,000 initial seed shares to its delegated sponsor ahead of listing on NYSE Arca, then use the proceeds to buy Bitcoin (BTC) for the fund. Morgan Stanley said the fund remains subject to regulatory…

SEC Interpretation on Crypto Laws ‘a Beginning, Not an End,‘ Says Atkins

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US Securities and Exchange Commission (SEC) Chair Paul Atkins has clarified how the agency intends to approach digital asset regulation following an interpretative notice issued this week. In prepared remarks for a Thursday speech at the Practising Law Institute, Atkins said that the SEC would take a different approach to digital assets than its previous “regulation by enforcement” campaign. According to the SEC chair, the agency would first focus on its interpretation of how federal securities laws apply to crypto following the signing of a memorandum of understanding with the…

Solana Eyes ‘Clear Path’ Towards $115 Amid SEC Guidance

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Amid strong institutional demand and regulatory clarity from US authorities, an analyst has suggested that Solana (SOL) could potentially rally above a crucial psychological barrier for the first time in a month. Related Reading Clear Skies Ahead For Solana Over the past week, Solana has had a remarkable performance, jumping 22% from March lows and breaking out of its multi-week consolidation range. The cryptocurrency has been hovering between the $77 and $92 levels over the past month and a half, failing to break above the upper zone of this range…

SEC Approves Nasdaq Tokenization Trading Trial

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Nasdaq has been given the regulatory green light to offer some tokenized stocks, which will trade alongside traditional securities on its exchange. The US Securities and Exchange Commission on Wednesday approved Nasdaq’s pilot proposal to support the trading of tokenized versions of stocks and other securities. Nasdaq first filed its proposal in September that sought to allow trades on high-volume stocks in either a traditional or tokenized form on the same exchange in a pilot with the key market infrastructure firm, Depository Trust Company. The tokenized stocks would trade alongside…

Nasdaq Gets Green Light For Tokenized Securities Trading After SEC Approval

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The US Securities and Exchange Commission (SEC) approved on Wednesday a significant rule change allowing one of the world’s largest stock exchanges, Nasdaq, to support trading in tokenized securities, a move that could accelerate the integration of blockchain technology into the mainstream financial markets.  Nasdaq Rule Amendments Approved Nasdaq’s modified regulations were approved by the SEC following a seven-month assessment that began in September 2025 and included adjustments to ensure compliance with federal securities laws and investor protection requirements. For context, tokenized securities are blockchain‑based representations of traditional financial instruments—stocks,…

SEC Chair Explains Why NFTs Aren’t Securities

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After the US Securities and Exchange Commission (SEC) outlined four broad categories of digital assets that fall outside securities laws, Chair Paul Atkins offered further clarity on why nonfungible tokens (NFTs) generally do not meet that definition. In a Wednesday interview with CNBC, Atkins reiterated that the agency’s recent interpretive release identified four types of digital assets that are typically not considered securities: digital commodities, digital tools, digital collectibles such as NFTs, and stablecoins. During the interview, host Andrew Ross Sorkin pressed Atkins on digital collectibles, noting they could more…

SEC will Consider most Crypto Assets not Securities under Federal Law

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In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws. In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would serve as an “important bridge” as lawmakers in the US Congress consider market structure legislation which will codify how financial regulators oversee digital assets.  The commission said the interpretation would provide a “coherent token taxonomy…

DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens

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Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities and Exchange Commission (SEC) over its approach to airdrops, citing a recent shift in the regulator’s approach to crypto. Beba launched a free token airdrop in March 2024 and, together with the DeFi Education Fund, filed a pre-enforcement challenge against the SEC that year. The lawsuit alleged the regulator had adopted its digital asset enforcement policy without a formal notice-and-comment rulemaking process, in violation of the Administrative Procedure Act. The…

SEC has Proposed Narrowing Rule 15c2-11 to Equity Securities Only

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The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule that prevented certain assets from being quoted by broker-dealers on the over-the-counter (OTC) market.  The SEC Rule 15c2-11 was first adopted in 1971, aimed at reducing fraud in the penny stock market. It requires broker-dealers to maintain up-to-date public information about an issuer before it can publish over-the-counter quotes. In 2021, the rule was reinterpreted to also include fixed-income securities (such as government or corporate bonds), which saw backlash from…

SEC Drops Case Against BitClout Nader Al-Naji

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The US Securities and Exchange Commission (SEC) has dropped its two-year-long case against the founder of the blockchain-based social media platform BitClout, Nader Al-Naji.  In the joint dismissal stipulation filed in the US District Court for the Southern District of New York last Thursday, the SEC cited the crypto task force, which was tasked with developing a regulatory framework for crypto in January 2025, and a “reassessment of the evidentiary record” as the basis for dismissal. However, the regulator cautioned in a statement that this case outcome doesn’t necessarily mean…