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A Spot Bitcoin ETF Still Seems Unlikely


Several bitcoin futures exchange-traded funds are now trading, with more to come. A spot bitcoin ETF remains elusive. Industry proponents hope that the recent approval of a futures ETF filed under the same law that governs spot bitcoin ETF applications may be a hopeful sign, but the SEC has...

New York Senate Authorizes NYDFS to 'Assess' Crypto Companies


The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for...

FDIC Asks All Banks to Report Crypto Activities


A top U.S. banking regulator has asked banks to report on their “crypto-related activities,” citing potential “safety and soundness risks as well as financial stability concerns” resulting from exposure to crypto assets

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