The potential approval of a spot Ethereum exchange-traded fund (ETF) in the United States could have far-reaching implications for the classification of Solana as a commodity. This classification is crucial as it determines the level of oversight and regulatory scrutiny that cryptocurrencies are subjected to. If the Securities and Exchange Commission (SEC) views Ethereum as
Regulation
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently voiced his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread praise the bill has received for bringing regulatory clarity to the crypto industry, Gensler argues that it would actually weaken current consumer protections
Uniswap Labs recently issued a bold response to the SEC’s Wells notice, taking a strong stance against the agency’s attempts to regulate DeFi. In a blog post on May 20, the company expressed confidence in its position and readiness to defend itself in court if necessary. It believes that the SEC’s efforts to expand its
There has been a recent buzz surrounding potential approvals of spot Ethereum ETFs by the SEC, with Bloomberg ETF analyst Eric Balchunas suggesting a possible shift in the regulatory stance. ETF Store President Nate Geraci also joined in, mentioning the likelihood of the SEC approving 19-b4 exchange listing rules while delaying decisions on S-1 registration
In a recent development, a Kraken executive has denied any plans to delist Tether’s USDT stablecoin in Europe. Mark Greenberg, the Global Head of Asset Growth & Management Business at Kraken, stated that the company is exploring all options to ensure that USDT remains available under the upcoming regulatory regime. Despite the uncertainties surrounding the
Crypto exchange Coinbase has recently released a report predicting the likelihood of the Securities and Exchange Commission (SEC) approving spot Ethereum exchange-traded funds (ETFs) by the end of this month. According to Coinbase Institutional Research Analyst David Han, the chances of approval stand between 30% to 40%. Han believes that the correlation between CME futures
Oklahoma made history by becoming the first US state to enact legislation that legally protects the right to self-custody Bitcoin. This groundbreaking bill, known as HB3594 and signed into law by Governor Kevin Stitt, ensures that residents are able to hold, control, and utilize digital assets without interference from the state. The passage of this
Recently, France’s Autorité des Marchés Financiers (AMF) issued a warning to French crypto investors regarding Bybit, stating that the platform is not registered in the country. The AMF urged retail investors to exercise caution when considering investment proposals from Bybit, emphasizing that the platform is not authorized to provide its services in France. This warning
US lawmaker Wiley Nickel has taken a stand against the SEC’s Staff Accounting Bulletin 121 (SAB 121), calling for its repeal before an impending Senate vote. This bulletin mandates financial institutions custodying crypto assets to include them on their balance sheets. Many stakeholders in the industry have voiced their concerns about the regulation, arguing that
Recently, Oklahoma signed a bill into law that protects crypto-related rights within the state. This new law, known as HB 3594, was approved by Governor Kevin Stitt on May 13 and is set to come into effect on November 1. Under this legislation, the Oklahoma state government is now restricted from prohibiting, restricting, or impairing