There has been recent speculation by Bloomberg ETF analyst, Eric Balchunas, that US spot Ethereum ETFs could potentially launch in June. Balchunas has suggested that there is a legitimate chance that these spot Ethereum ETFs will be up and running by the end of June, although he believes an earlier mid-June launch is unlikely. Balchunas’
Regulation
In a recent move, SEC commissioner Hester Peirce has put forward a proposal for the establishment of a shared digital securities sandbox between the US and the UK. This initiative aims to extend the existing joint digital securities sandbox (DSS) operated by the Bank of England and the Financial Conduct Authority (FCA) to include US
Senator Cynthia Lummis is a prominent figure in the US Senate who has been a vocal advocate for pro-crypto legislation. She firmly believes that the crypto market has the potential to play a significant role in the US economy, as long as the opportunity is not squandered. In her journey as a senator, she encountered
Recently, the US District Court for the District of Utah made the decision to dismiss the SEC’s case against DEBT Box without prejudice. In addition to this dismissal, the court imposed fines of over $1.8 million against the SEC for bad faith conduct. These fines, which include attorney fees and costs, serve as a form
The European Securities and Markets Authority (ESMA) has been closely examining Maximum Extractable Value (MEV) as a form of illegal market abuse within the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development, highlighted by Patrick Hansen, a well-known commentator on crypto regulations, has significant implications for the cryptocurrency industry. According to
The U.S. District Court for the Western District of Texas recently ruled in favor of the Securities and Exchange Commission (SEC) in a case against crypto influencer Ian Balina. The court found that Balina had offered and sold SPRK Tokens as securities in unregistered transactions, thus violating US securities laws. The SEC’s complaint, filed on
The recent Bernstein report highlighted the potential approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US and its implications for the classification of Solana (SOL) as a commodity. The distinction between cryptocurrencies as securities or commodities carries significant weight in the financial world. While a commodity classification could pave the way for
The Financial Innovation and Technology for the 21st Century (FIT21) Act has been a subject of significant debate and controversy within the cryptocurrency industry. Despite being hailed for providing regulatory clarity, the Chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has expressed strong opposition to the bill, citing concerns about its potential
Uniswap Labs has recently issued a bold response to the SEC’s Wells notice, pushing back against the agency’s attempts to regulate decentralized finance (DeFi). In a blog post dated May 20, the company expressed confidence in its position and readiness to defend itself if faced with litigation. Uniswap Labs firmly believes that the SEC’s focus
Recent developments in the world of Spot Ethereum ETFs have sparked optimism among applicants. The Securities and Exchange Commission (SEC) has requested spot Ethereum ETF applicants to update their 19-b4 filings. This move has led to speculations that there might be a shift in the SEC’s stance on approving the pending applications. ETF analysts like
