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Browsing Category
Regulations
US-based ETFs offering staking set for growth despite some regulatory, macro tailwinds
Upcoming exchange-traded funds (ETFs) that integrate staking yields stand to benefit significantly as US lawmakers and regulators clarify the legal status of on-chain rewards, according to a June 3 report.The report noted points to two…
NYSE Arca submits filing to list Truth Social’s spot Bitcoin ETF
NYSE Arca has submitted a Form 19b-4 filing to the US Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin ETF, a spot Bitcoin exchange-traded fund (ETF) associated with Trump Media & Technology…
Dubai crypto ambitions soar with Solana and Ripple moves
Dubai is cementing its role as a leading crypto-friendly hub through strategic collaborations with major blockchain firms.On June 3, financial authorities in the region announced different initiatives with Solana and Ripple to build on…
Nobel prize-winning economist says ‘stablecoins don’t serve any clearly useful function ’;…
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve…
IMF asks for urgent clarification from Pakistan over 2,000MW power allocation to Bitcoin mining
The International Monetary Fund (IMF) wants Pakistan to urgently clarify its plans for allocating power to Bitcoin mining amid the country’s electricity shortages and fiscal problems, according to a local news report. The IMF delegation is…
Memecoin investors ‘should not be looking to the SEC for protection,’ Commissioner Hester Pierce…
Memecoin investors should realize that the U.S. Securities and Exchange Commission (SEC) will not come to their aid if they lose their money, Commissioner Hester Peirce told CNBC on Friday. Peirce, who was appointed by now crypto-friendly…
SEC ruling eases path for Ethereum staking in ETFs
The US Securities and Exchange Commission (SEC) has issued new guidance clarifying that common forms of crypto staking do not fall under securities laws.On May 29, the SEC’s Division of Corporation Finance confirmed that those participating…
SEC files dismissal on Binance lawsuit files after two-year securities showdown
The US Securities and Exchange Commission (SEC) asked a federal judge on May 29 to dismiss its civil complaint against Binance and its founder, Changpeng ‘CZ’ Zhao, according to a four-page filing in the District Court docket.Judge Amy…
Bipartisan lawmakers roll out CLARITY Act, shift crypto spot rule to CFTC
House Financial Services Committee Chairman French Hill introduced the Digital Asset Market Clarity Act on May 29, a bipartisan measure that would place most cryptocurrencies under a unified federal regime and draw clear lines between…
Bybit earns MiCA license as hackers keep $644M from its $1.4B exploit out of reach
Crypto exchange Bybit has received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework from Austria’s Financial Market Authority (FMA), according to a statement issued on May 29.This license enables the…
