Tag: SEC

Is Staking a Security? Here’s What the US SEC Says

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…

SEC crypto staking guidance win for industry regulations, staked ETH ETF approval

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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…

Thai SEC blocks 5 crypto exchanges, including OKX and Bybit

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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 Doesn’t Violate Securities Law, SEC Says

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…

SEC moves to dismiss Binance lawsuit

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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…

SEC delays Grayscale’s Avalanche and Cardano ETF decisions to July

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…

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…