The United States Securities and Exchange Commission (SEC) has once again put a pause on the approval process for options trading linked to Ethereum exchange-traded funds (ETFs). This decision, communicated in a filing dated November 8, highlights the regulatory body’s cautious approach to the rapidly evolving cryptocurrency market. The postponement is particularly noteworthy as it
Regulation
As President-Elect Donald Trump prepares for his transition into office, there is palpable anticipation regarding the shifts within the leadership of key financial agencies in the U.S. Reports indicate that his transition team is exploring a selection of corporate attorneys and seasoned regulators to fill influential positions, notably within the Securities and Exchange Commission (SEC).
In recent developments, France’s National Gaming Authority (ANJ) has set its sights on Polymarket, a prominent cryptocurrency prediction marketplace. This action represents a significant regulatory intervention in the realm of digital gambling, indicating the French government’s increasing wariness regarding how cryptocurrency platforms operate within their jurisdiction. Polymarket, which has surged in popularity by allowing users
In a recent memo dated November 6, Matthew Hougan, Chief Investment Officer at Bitwise, expressed a strong belief that Donald Trump’s election victory could herald a transformative period for the cryptocurrency market, likening it to a potential “Golden Age of Crypto.” According to Hougan, the incoming administration is poised to foster a more favorable regulatory
In a significant move for cryptocurrency investment options, 21Shares has added its name to the growing roster of firms petitioning the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). On November 1, 21Shares filed an S-1 registration form for its Core XRP Trust shares, aiming for a listing on the
In a noteworthy development, the U.S. Securities and Exchange Commission (SEC) has taken an aggressive stance against blockchain gaming platform Immutable by issuing a Wells notice. This comes amid a broader initiative to scrutinize cryptocurrency companies in the lead-up to the upcoming U.S. elections. Immutable’s recent blog post sheds light on the perceived implications of
The Blockchain Association, a vital player in the crypto advocacy arena, recently highlighted a staggering $400 million spent by its member firms in response to enforcement actions imposed by the US Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler. This revelation point towards a significant strain being placed on the cryptocurrency
In a thought-provoking open letter addressed to Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, CEO and co-founder of Paxos, issued a compelling argument for the necessity of modernizing America’s financial approach. In an era where digital assets are rapidly gaining traction, Cascarilla contended that the competing global landscape poses an existential
As the financial world continues to witness a robust surge in cryptocurrency and digital assets, Hong Kong is positioning itself strategically to embrace this digital revolution. Financial Secretary Paul Chan’s announcement during the Hong Kong FinTech Week indicates a decisive move towards licensing additional crypto exchanges by the year’s end. This expands on the progress
The rapidly evolving landscape of global finance has necessitated innovative solutions that can bridge the gaps created by diverse regulatory frameworks. In response to this challenge, the Bank for International Settlements (BIS) has spearheaded Project Mandala, a collaborative initiative with the central banks of Australia, Korea, Malaysia, and Singapore. The project aims to streamline cross-border