Earlier Friday, Sen. Ron Wyden (D-Ore.), a member of Biden’s party who voted for the resolution, said the guidance creates a different standard for crypto than other assets in the financial sector while at CoinDesk’s Consensus 2024 conference in Austin, Texas. Source
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both countries. Hester Peirce Pushes for US-UK Collaborative Financial Sandbox U.S. Securities and Exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Why It Matters Whether the CFTC Versus the SEC Regulates Crypto Source
Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The court listing’s title referred to a May 29 telephone conference , “without transcription or recording.” Counsels for all the parties were present. As the parties informed the Court that they reached a settlement in principle, an oral argument previously set for May 29 was cancelled. The parties must file the required documents in support of the settlement in front of Judge Jed S. Rakoff by June 12. Source
The world’s largest asset manager, Blackrock, has updated its S-1 registration statement for the Ishares Ethereum Trust, which will be listed as “ETHA.” According to the update, ‘Seed Creation Baskets’ were acquired by the fund’s ‘Seed Capital Investor.’ Furthermore, several spot ether exchange-traded fund (ETF) applicants now have their respective tickers listed on the Depository […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely a 2025 story.” They believe that the SEC approving spot ethereum ETFs suggests that the securities watchdog does not view ether as a security and that other coins similar to ether will also […] Original
As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and the SEC over digital asset regulation. This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. As Coinbase […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Ethereum’s price has barely budged despite the US Securities and Exchange Commission (SEC) giving the green light for spot Ether exchange-traded funds (ETFs) to launch faster in the United States. Ahead of the SEC’s landmark approval, Ether fell by 3.4%, rebounding by around 5% shortly after. As of now, Ether is trading at $3,701, with a 24-hour trading volume of $47.5 billion, according to CoinMarketCap. ETH 24-hour price chart | Source: CoinMarketCap On May 23, the SEC approved 19b-4 applications from financial giants such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and…
The request would have to be accepted by the courts, including Judge Katherine Polk Failla, of the U.S. District Court for the Southern District of New York, who rejected Coinbase’s request to dismiss the SEC’s original case, which accused the exchange of operating illegally. Resolving this central legal question could help steer a number of other SEC enforcement clashes with the industry. Source