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Financial Nonprofit Better Markets: Approving a Spot Ether ETF Would Threaten ‘the Broader Financial System’
18.5.2024
Better Markets, a financial nonprofit organization, has lashed out against approving a spot ether ETF product, stating that it would endanger the broader financial system. In a supplemental comment letter sent to the SEC, the organization states that approving these spot ether ETPs would...
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
17.5.2024
Crypto firms rally behind FIT21 bill approaching US House floor vote
17.5.2024
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule
XRP Lawyer Deaton hits back at SEC and Warren over crypto regulation
17.5.2024
John Deaton, a well-known lawyer who has spoken publicly in favor of XRP, recently published a devastating review of both the Securities and Exchange Commission (SEC) and Senator Elizabeth Warren. He opines that the above entities are more concerned about their political agendas than those of...
SEC says crypto exchanges are delisting Naira from P2P platforms
17.5.2024
The Securities and Exchange Commission (SEC) recently announced that cryptocurrency exchanges have begun delisting the Naira for peer-to-peer (P2P) trading platforms. The SEC and the Office of the National Security Advisor (ONSA) issued an order the week prior mandating that digital currency...
DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn
17.5.2024
Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s...
Community Launches Decentralized Memecoin To Take Anti-SEC Stance
16.5.2024
In response to the increasing regulatory scrutiny by the SEC on crypto, a small group of community members has launched a decentralized memecoin called NotWifGary (NWG).
The post Community Launches Decentralized Memecoin To Take Anti-SEC Stance appeared first on Cryptonews
US Senate Votes to Overturn SEC’s Controversial Crypto Rules — Biden’s Veto Threat Looms
16.5.2024
The U.S. Senate has voted to overturn the Securities and Exchange Commission (SEC)’s controversial SAB 121, which imposes regulatory burdens on digital asset custodians. The resolution also passed in the House and now faces a veto threat from President Joe Biden. Last week, the White House...
US Senate passes resolution overturning SEC crypto rule on banks
16.5.2024
U.S. President Joe Biden said he intended to veto the joint resolution aimed at overturning an SEC rule requiring banks to keep customers’ digital assets on its balance sheets
Dogecoin Creator Expresses Pessimistic Stance on Spot Ether ETF Approval
16.5.2024
Billy Markus, the co-founder of Dogecoin, has expressed his scepticism regarding the approval of spot Ethereum exchange-traded funds (ETFs), although the US Securities and Exchange Commission (SEC) has not yet made a decision on the matter.
The post Dogecoin Creator Expresses Pessimistic Stance...
U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
16.5.2024
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution
Breaking: Senate Overwhelmingly Votes To Overturn The SEC’s SAB121
16.5.2024
The U.S. Senate voted to formally issue a disapproval of the United States Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121 on Monday afternoon. The vote follows a House vote of the federal agency’s guidelines, with the resolution now headed to President...
Regulatory crackdown spawns anti-SEC 'CultureCoin'
16.5.2024
Creators of NotWifGary aim to "stand [their] ground against Gary Gensler and the SEC" in support of Ethereum and open-source developers
Over 600 firms reveal billions in combined investment in Bitcoin ETFs
16.5.2024
Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment
SEC custody rule made crypto regulation a ‘political football’ — Rep. Nickel
16.5.2024
The SEC’s proposed crypto custody rule and its “hostility” to the industry isn’t in Joe Biden’s “best interests,” Representative Wiley Nickel told Gary Gensler
Ripple Seeks Court Approval to Seal Sensitive Documents in SEC Lawsuit
16.5.2024
Ripple Labs has filed a motion to seal remedy documents in its ongoing litigation with the U.S. Securities and Exchange Commission (SEC). Ripple argues that these documents contain sensitive information, including proprietary business strategies, financial data, and internal communications. Public...
Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin
15.5.2024
ETH price continues to trail far behind Bitcoin’s year-to-date gains even after the crypto market responded positively to today’s CPI print
Congressman Wiley Nickel Slams SEC’s “Open Hostility” Towards Digital Assets, Urges Gensler To Rescind SAB121
15.5.2024
Congressman Wiley Nickel (D-CA) is criticizing United States Securities and Exchange Commission (SEC) Chair Gary Gensler over SAB121 and the agency’s “open hostility” towards crypto, a Wednesday letter to Gensler from Congressman reveals. Nickel's letter comes amidst the controversial staff...
House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
15.5.2024
A House proposal to revoke the U.S. Securities and Exchange Commission's Staff Accounting Bulletin 121 is likely to pass through the Senate in a vote on Thursday, multiple people familiar with the situation told CoinDesk
Persistent Discount Plagues Grayscale’s Ethereum Trust as ETF Decision Nears
15.5.2024
As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded...