Recent developments regarding spot Ethereum ETF applicants have sparked optimism among investors and analysts. The SEC has requested updates to 19-b4 filings, leading to speculation that the pending applications may not be denied after all. ETF analysts such as Eric Balchunas and experts like Nate Geraci believe that the SEC could approve exchange listing rules
Regulation
Crypto exchange Coinbase has expressed optimism regarding the approval of spot Ethereum ETFs by the SEC. Analyst David Han believes that there is a 30% to 40% chance of approval by the end of the month. Han points to the correlation between CME futures products and spot exchange rates as a factor that could lead
Oklahoma has made history by becoming the first state in the United States to officially protect the right to self-custody Bitcoin through the enactment of a groundbreaking bill. This legislation, known as the ‘Bitcoin Rights’ bill or HB3594, was signed into law by Republican Governor Kevin Stitt, marking a significant step forward in the realm
France’s financial regulator, Autorité des Marchés Financiers (AMF), recently issued a warning to French investors regarding Bybit, a popular cryptocurrency exchange. According to a notice released on May 16, AMF stated that Bybit is not a registered platform in the country and therefore, not authorized to provide its services to residents of France. This raises
US lawmaker Wiley Nickel has taken a stand against the Securities and Exchange Commission’s Staff Accounting Bulletin 121 (SAB 121), calling for its repeal. This regulation mandates that financial institutions holding crypto assets must include them on their balance sheets. While some argue that this rule stifles the growth of the crypto sector, President Joe
In a groundbreaking move, the state of Oklahoma has taken a significant step towards protecting the rights of individuals engaging in cryptocurrency-related activities. Governor Kevin Stitt recently approved HB 3594, a bill that ensures the freedom to use and hold crypto assets without interference from the state government. This bill is set to come into
Deutsche Bank has recently made a significant leap into the world of digital assets and tokenization by partnering with the Monetary Authority of Singapore (MAS) in Project Guardian. This innovative initiative focuses on testing asset tokenization applications in a regulated environment to assess their viability and potential integration within the financial markets. Joining Deutsche Bank
The Department of Justice (DOJ) has recently faced pushback from Senators Cynthia Lummis and Ron Wyden regarding its attempt to broaden the definition of a money-transmitting business. The senators are concerned that the DOJ’s expansive interpretation could potentially criminalize non-custodial crypto asset software services, a move that goes against the intentions of Congress and the
House Financial Services Committee Chairman Patrick McHenry has announced that new legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, is on track for a potential House floor vote by the end of May. This legislation aims to address the regulatory uncertainties surrounding the digital asset market, providing clear frameworks
The International Monetary Fund (IMF) has recently released a consultation report recommending that Nigeria should regulate the use of digital assets by licensing international crypto exchanges. This move is aimed at enhancing economic stability in the country while also improving its standing within the African crypto sector. The IMF advises strict adherence to regulatory standards,