The Truth Social Bitcoin ETF storms onto Wall Street as NYSE Arca files with the SEC, fusing Trump branding with crypto exposure in a regulated investment vehicle. Bitcoin ETF Branded With Trump’s Truth Social Seeks SEC Approval NYSE Arca Inc. filed a rule change with the U.S. Securities and Exchange Commission (SEC) on June 3 […] Original
Key Notes US SEC’s approval of an XRP ETF is most likely to happen in Q4, as per experts. With heightened optimism around ETF approval and legal clarity, XRP’s price has risen by 2.64% to $2.25. Ripple lawyer Bill Morgan reaffirmed the court’s ruling that XRP is not a security, countering Bitcoin community claims. The chances of the US Securities and Exchange Commission (SEC) approving an XRP exchange-traded fund (ETF) hit a massive 98% on June 3, as per decentralized prediction platform Polymarket. As of today’s date, the approval chances…
Key Notes SEC to use “notice and comment” instead of lawsuits for crypto regulation. New Crypto Task Force aims to streamline policy across SEC divisions. Chair Paul Atkins plans clear rules for crypto issuance, trading, and custody. Paul Atkins, chair of the U.S. Securities and Exchange Commission, informed Congress that under his leadership, the commission will shape crypto policy through the “notice and comment” process rather than relying on “regulation by enforcement.” The SEC chair made this known through a June 3 remark to the Senate Appropriations Subcommittee on Financial…
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress. In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and comment rulemaking, not through regulation by enforcement.” “The commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” he added. Atkins, a former crypto lobbyist, said that creating a “rational regulatory framework…
US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group. Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump…
The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services. On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration requirements under the Securities Act. However, the SEC’s fresh interpretation may diverge from several federal court rulings, according to former SEC chief of Internet Enforcement, John Reed Stark. In a statement on X, Stark argued…
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,…