Tag: SEC

Thai SEC Seeks to Update Rules for Utility Token Issuance

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Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry. The country announced in May plans to allow tourists…

Crypto ETF Approvals Likely as SEC Continues Pro-Industry Shift

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The likelihood of US regulators approving a wave of crypto exchange-traded funds (ETFs) is now a near certainty, signaling a continued pro-crypto shift at the Securities and Exchange Commission (SEC), according to Bloomberg analysts Erich Balchunas and James Seyffart. In a social media post on Friday, Seffart said he and Balchunas have raised their odds for the vast majority of crypto ETF approvals to “90% or higher,” citing “very positive” engagement from the SEC. The analysts also suggested that the SEC “likely” views cryptocurrencies such as Litecoin (LTC), Solana (SOL),…

Canada’s Sol Strategies files with SEC to list on the Nasdaq

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Sol Strategies, a Canadian firm that focuses on the Solana ecosystem, has filed compliance documents with the US Securities and Exchange Commission to get listed on Nasdaq. The Form 40-F filing reveals that if the firm received approval from the agency, it would trade under the STKE ticker symbol on the Nasdaq exchange. Companies domiciled in Canada are required to file Form 40-F with the SEC if they want their securities to be listed on US exchanges. The Nasdaq exchange is the second largest exchange in the world with a…

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

Ripple urges Judge Torres to approve its joint SEC motion, securing reduced penalties, preserving prior rulings, and accelerating long-awaited resolution that could redefine XRP’s regulatory landscape. Ripple and SEC Urge Judge Torres to Acknowledge Settlement and End XRP Case Ripple’s legal team formally petitioned Judge Analisa Torres of the Southern District of New York on […] Source CryptoX Portal

SEC No Longer A Roadblock-Analyst

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Interest is building among XRP investors after Crypto Beast, a well‑known analyst, put forward a bold forecast. He sees a minimum breakout level of $8 on the horizon. With the US Securities and Exchange Commission no longer posing a…

Ripple Lawsuit Conclusion in Weeks, Says Lawyer as SEC Seeks Comments on XRP ETF

As the US Securities and Exchange Commission (SEC) and Ripple decide to hold off further appeal in the ongoing XRP lawsuit, popular lawyer Bill Morgan weighs in on what’s coming next in this lawsuit. He added that if both parties agree on an indicative ruling, this matter will conclude in the next few weeks. The lawyer shared that the legal teams for both Ripple and the SEC have asked for an indicative ruling from Judge Torres as part of their second joint motion. This ruling will guide both parties in…

Ripple and SEC Ask Court to Pause Appeals as They Fight to End XRP Case

Ripple and the SEC have requested to pause their appeals while awaiting a decision that could finalize their settlement and conclude the prolonged case regarding XRP sales. SEC and Ripple Align on Pausing Appeals Pending Court Decision on XRP Case The U.S. Securities and Exchange Commission (SEC) and Ripple Labs informed the U.S. Court of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

JPMorgan Meets With SEC On Capital Markets Moving Onchain

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Executives with America’s biggest bank met with the Securities and Exchange Commission’s Crypto Task Force to discuss digital asset regulation and potential ramifications of capital markets moving onchain. The JPMorgan Chase executives discussed with the SEC the “potential impact of existing capital markets activity migrating to public blockchain” — including which areas of the existing model might change and how firms could assess the risks and benefits of those changes, according to an SEC note shared on Tuesday. The two groups also discussed JPMorgan’s existing “business footprint” in the crypto…

SEC Reviews Franklin XRP ETF Proposal in Key Step Toward Potential Approval

The SEC’s review of the Franklin XRP ETF comes amid rising institutional confidence in XRP, underscoring its evolving market maturity and accelerating push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal as Confidence Grows in XRP Market Structure The U.S. Securities and Exchange Commission (SEC) announced on June 17 that it has initiated proceedings […] Source CryptoX Portal

SEC Opens Franklin Templeton SOL And XRP ETF Proposals To Comments

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The US Securities and Exchange Commission (SEC) has opened public comments for two proposed cryptocurrency exchange-traded funds, or ETFs, from asset manager Franklin Templeton to be listed on the Chicago Board Options BZX Exchange. In separate filings on Tuesday, the SEC said it was instituting proceedings that could allow the US exchange to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. The Cboe BZX Exchange filed for a proposed rule change with the SEC in March to allow for approval of the investment vehicle, which…