Tag: SEC

Ondo Urges SEC to Delay Nasdaq’s Tokenized Stock Plan

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Ondo Finance urged the US Securities and Exchange Commission (SEC) to delay or reject Nasdaq’s proposal to trade tokenized securities, saying it lacks transparency and could give established market players an unfair edge. In a Wednesday letter to the regulator, Ondo — a blockchain company that issues tokenized versions of traditional assets — said regulators and investors can’t fairly evaluate Nasdaq’s proposal without public details on how the Depository Trust Company (DTC) will handle blockchain settlements. DTC serves as the main depository for US securities and facilitates their post-trade settlement.…

Plume Network Registers with SEC as Transfer Agent

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Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) — a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securities. The company announced its registration on social media, saying the step supports its broader mission of migrating securities markets onto blockchain infrastructure. Transfer agents traditionally handle critical back-office functions for securities issuers, including maintaining shareholder registries, recording ownership transfers and managing corporate actions.  Plume said…

SEC silent on Canary Litecoin ETF Amid Uncertainties

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Canary Capital’s spot Litecoin exchange-traded fund is in limbo after the US Securities and Exchange Commission took no action on Thursday, the original deadline for it to make a decision. The SEC’s silence has left the crypto community uncertain about how the regulator will function amid a federal government shutdown and how its new generic listing standards would affect the timelines of dozens of crypto ETF applications awaiting approval. Bloomberg ETF analyst James Seyffart and FOX News reporter Eleanor Terrett noted that the old 19b-4 deadlines for crypto ETF applications…

Tether Mega Raise, SEC Eyes Onchain Stocks

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If this week’s Crypto Biz had a theme, it’s the steady march of traditional finance deeper into crypto’s core infrastructure. Tether is reportedly courting major venture firms for a funding round that could value the stablecoin issuer alongside private tech giants like OpenAI. At the same time, US regulators are considering whether traditional stocks should trade onchain, as the convergence between the Securities and Exchange Commission, Wall Street and tokenization gains momentum. Elsewhere, JPMorgan’s Kinexys platform added a major Gulf bank as a user, while a Nasdaq-listed biotech firm built…

Thai SEC to expand Crypto ETFs beyond Bitcoin

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The Thai SEC want to open the market up to exchange-traded funds backed by other digital assets outside of the typical Bitcoin ETF that exists in the market. Summary Thai SEC is drafting new rules to allow Crypto ETFs beyond Bitcoin, aiming to include more digital assets to attract both local and foreign investors. By expanding access to more Crypto ETFs, Thai regulators hope to draw in young investors and boost Thailand’s position as a regional crypto hub According to a recent Bloomberg report, the Thai Securities and Exchange Commission…

SEC Open to Advisers Using State Trusts for Crypto Custody

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The US Securities and Exchange Commission staff has opened up to allowing investment advisers to use state trust companies to custody cryptocurrency assets. In a rare no-action letter, the SEC’s Division of Investment Management said on Tuesday that it wouldn’t recommend that the SEC take enforcement action if advisers used state trust companies as a crypto custodian. Law firm Simpson Thacher & Bartlett had sent a letter to the Division on Tuesday, wanting assurances that registered financial institutions, such as venture capital firms, wouldn’t be subject to enforcement action by…

SEC Weighs Plan to Let Stocks Trade on Blockchain

The US Securities and Exchange Commission (SEC) is reportedly developing a plan to allow blockchain-registered versions of stocks to trade on cryptocurrency exchanges — a move that would mark a significant step toward integrating digital asset technology into the traditional financial system. The proposal, still in early stages, would let investors buy and sell stock tokens — digital representations of shares in publicly traded companies — on approved crypto platforms, The Information reported Tuesday, citing people familiar with the matter. The initiative reflects growing regulatory openness to tokenization, the process…

SEC Halts QMMM Trading After 1,000% Crypto Rally

Key Notes The rally followed QMMM’s announcement of a $100 million crypto treasury investing in Bitcoin, Ethereum, and Solana. The securities regulator cited concerns over potential market manipulation linked to anonymous social media promotions. Corporate crypto adoption is expanding rapidly, with nearly 200 publicly traded firms holding over $112 billion in digital assets. The US Securities and Exchange Commission (SEC) has recently charged out on Solana Treasury firm QMMM Holdings, with its stock price gaining 1000 % in just 25 days. The SEC alleges that the rally was fueled by…

SEC Pauses Trading on Crypto Treasury Firm QMMM

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The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms.  “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in a notice on Monday, halting trading of QMMM stock for 10 trading days. It said the alleged manipulation was “effectuated through recommendations, made to investors by unknown persons via social media to purchase” QMMM shares,…

SEC Rare No-Action Letter Clears Crypto DePIN Tokens

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The US Securities and Exchange Commission has signalled that it won’t take enforcement action against tokens tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN). In a no-action letter on Monday, SEC Division of Corporation Finance chief counsel Michael Seaman said he “will not recommend enforcement action” to the SEC for the planned token launch of the DePIN project DoubleZero. SEC Commissioner Hester Peirce separately added that the “economic reality of DePIN projects differs fundamentally from the capital-raising transactions Congress charged this Commission with regulating.” The rare no-action letter from the…