Tag: SEC

Crypto lobby group says SEC should back off regulating most DAOs

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Crypto lobby group the DeFi Education Fund and the Uniswap Foundation have said the Securities and Exchange Commission should be hands-off on regulating decentralized autonomous organizations (DAOs). The May 27 letter to SEC Crypto Task Force lead Hester Peirce argued that the agency should not treat DAOs under the purview of the securities-defining Howey test if they’re “sufficiently decentralized,” as they are not identifiable and are not a coordinated group. Instead, the pair said DAOs should be treated as individuals or a group of persons unless proved otherwise.  “If a…

XRP ETF Filing From WisdomTree Now Under Review By US SEC

Key Notes The US SEC has commenced the official review of WisdomTree’s spot XRP ETF. WisdomTree first filed the S-1 for this XRP ETF application in December 2024. There is no assurance of approval, even though the SEC has begun a review. The United States Securities and Exchange Commission (SEC) has decided to review WisdomTree’s spot XRP Exchange Traded Fund (ETF) application. This is the commission’s first formal review of a US-based spot XTP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B ETF. WisdomTree XRP…

Nasdaq files for 21Shares Sui ETF, kicking off SEC review

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Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund. Both regulatory filings are needed for the Sui (SUI) tracking fund to gi live, with the 19b-4 filing kicking off the SEC’s…

XRP ETF At 83% Approval Odds—Is The SEC Losing Grip?

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Investor optimism for a spot XRP ETF has climbed sharply. Based on Polymarket’s data, the odds of a green light sit at 83%. That figure comes even as the US Securities and Exchange Commission keeps pushing decisions back. Some industry watchers say the regulator simply uses its full review window. Analyst Predictions And Timeline According to Bloomberg’s James Seyffart, the SEC often takes the full 240 days to weigh 19b-4 filings. He pointed out that the agency asked for an extra 45 days on May 20 to rule on Bitwise’s…

Standard Chartered Predicts Bitcoin Hitting $500K as SEC Filings Fuel Demand

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Bitcoin’s explosive path to $500,000 just gained serious momentum as sovereign funds and heavyweight institutions pile in, validating Standard Chartered’s ultra-bullish thesis with real capital. Standard Chartered Doubles Down on $500K Bitcoin Forecast Amid Sovereign Buying Surge Standard Chartered Bank reiterated its long-term bitcoin outlook this week, maintaining its ambitious forecast that the cryptocurrency will […] Original

SEC Delays Decision on Grayscale’s XRP ETF Bid as XRP Shows 500% Rally Pattern 

Key Notes SEC begins extended review process for Grayscale’s XRP ETF application. Analysts expect ETF approval decisions no earlier than late Q2. XRP holds steady at $2.35 with minimal daily price change. The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Grayscale’s application for a spot XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B exchange-traded fund (ETF). As per regulatory norms, the agency has initiated formal proceedings to seek public comments and conduct deeper analysis. This delay does not come as…

SEC delays decision on Ether staking and XRP ETFs, as analysts expected

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The US Securities and Exchange Commission has delayed its decision on Bitwise’s application to add staking to its Ether exchange-traded fund and on Grayscale’s XRP ETF bid, which analysts had expected. The SEC said on May 20 that it needed to extend its decision on Bitwise’s application by 45 days to “consider the proposed rule change and the issues raised therein.” The agency needed to either decide or punt its decision by May 22. The agency also delayed deciding on Grayscale’s XRP (XRP) tracking ETF and Bitwise’s Solana (SOL) tracking…

SEC charges Unicoin and executives for alleged $100 million fraud

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The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez with misleading investors about certificates that conveyed rights to receive Unicoin tokens and stock. Mark Cave, associate director in the SEC’s Division of Enforcement, claimed the trio “exploited thousands of investors with fictitious promises…

SEC Chair Outlines Key Priority to Develop Rational Crypto Framework

Crypto regulation is entering a new era as the SEC commits to ditching aggressive enforcement in favor of crystal-clear rules, unleashing long-awaited momentum for blockchain innovation. Crypto Gets Regulatory Reset as SEC Chair Paul Atkins Prioritizes Clarity Over Crackdowns U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins delivered a pointed message to lawmakers during […] Source CryptoX Portal

Robinhood Proposes SEC Framework to Bring Real-World Assets Onchain

Robinhood has submitted a detailed proposal to the U.S. SEC seeking a unified regulatory framework for tokenized real-world assets. If adopted, it could establish the foundation for a legally compliant, blockchain-powered U.S. securities market. Robinhood’s SEC Proposal Could Lay the Groundwork for Tokenized Finance in the U.S. Robinhood is taking a bold step toward integrating […] Source CryptoX Portal