Five U.S. states refuse to budge as Coinbase escalates its defense, defying SEC guidance and a dropped federal lawsuit that challenged staking’s status, fueling national controversy. 5 US States Won’t Budge on Coinbase Lawsuits After SEC Drops Staking Case, Releases Guidance Following guidance from the U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The United States Securities and Exchange Commission (SEC) responded to the effective registration amendment for Solana (SOL) and Ether (ETH) staked exchange-traded funds (ETFs) from ETF provider REX Financial and asset management firm Osprey Funds, raising concern that both investment vehicles do not qualify as ETFs due to their unique structures. According to a recent report from Bloomberg, the regulators say the c-corp business structure used in the funds, which is incredibly rare for ETFs, conflicts with the 6C-11 rule, colloquially known as “the ETF rule.” This regulation legally designates…
Key Notes A whale withdrew $4.53M in TRUMP tokens from Binance amid a steep price decline. SEC Commissioner Hester Peirce confirmed the agency won’t regulate meme coins like TRUMP. Indicators show that TRUMP is bearish with oversold RSI and price hugging the lower Bollinger Band. The Trump-backed meme coin, Official Trump (TRUMP), is once again in the spotlight with a fresh wallet, as revealed by Onchain Lens, withdrawing 425,764 TRUMP tokens—valued at approximately $4.53 million—from Binance, The transaction hints at either a strategic repositioning or an impending dump. This comes…
How did the decision by SEC Binance to close the Binance lawsuit coincide with Binance losing over 30% of its global trading volume between 2023 and April 2025? The SEC vs Binance battle fades as the SEC lawsuit against Binance gets quietly buried After nearly two years of courtroom tension, regulatory scrutiny, and public debate, the U.S. Securities and Exchange Commission has formally withdrawn its civil lawsuit against Binance and its founder, Changpeng “CZ” Zhao. The decision, filed jointly by lawyers from both sides on May 29, in a Washington,…
Key Notes Staking rewards are classified as services by node operators, not profits derived from managerial efforts, said the SEC. The SEC clarified that custodial staking does not fall under securities laws, as custodians act as agents without direct control over staking amounts. Hester Peirce hailed the decision as a step toward regulatory clarity, which could open the gates for enabling staking for Ethereum ETFs. In a big decision, the US Securities and Exchange Commission (SEC) has issued fresh guidance stating that crypto staking activities do not violate the securities…
The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation. In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.” The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the…
The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country. According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.” “The SEC advises all investors using these platforms to take necessary action regarding their assets before the shutdown date,” the agency said. The decision follows the Royal Decree on…
Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday. The SEC’s Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly noting that covered activities do not “involve the offer and sale of securities” — meaning the SEC won’t sue any person or company participating in those activities. Node operators and validators, custodians, delegates, nominators and…
The United States Securities and Exchange Commission (SEC) and Binance have filed a joint stipulation seeking to dismiss the securities regulator’s action against the crypto exchange, filings show. The dismissal specifically relates to the civil enforcement action brought against Binance Holdings, BAM Trading Services, BAM Management US Holdings and Binance’s former CEO, Changpeng Zhao, back in June 2023. “Whereas, in light of the foregoing, and in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of this Litigation is appropriate,” the May 29 filing…
The United States Securities and Exchange Commission has delayed its decision on Grayscale’s proposed spot ETFs for Avalanche and Cardano, extending the review period to 15 July 2025. A May 28 press release from the Commission said it was appropriate to designate a longer period to consider the proposed rule change. The SEC made the designation under Section 19(b)(2) of the Securities Exchange Act of 1934, which allows for extensions beyond the initial 45-day review window. Nasdaq filed the Avalanche ETF proposal on 27 March 2025 and seeks to list…