House Majority Whip Tom Emmer has strongly criticized the Treasury Department’s recent recommendations for increased control over the cryptocurrency industry. Speaking at the Blockchain Association Policy Summit, Emmer expressed concerns about the agency’s intentions, cautioning against relying on a supposed savior figure. Emmer has also voiced opposition to central bank digital currencies (CBDCs), describing them […]
The US Securities and Exchange Commission (SEC) has opened up the opportunity for the public to provide comments on Fidelity’s application for a spot Ethereum exchange-traded fund (ETF). This move by the SEC allows individuals to share their insights on the proposed rule change that would enable Fidelity to introduce shares of its spot Ether […]
The US Securities and Exchange Commission (SEC) has opened up the opportunity for the public to provide comments on Fidelity’s application for a spot Ethereum exchange-traded fund (ETF). This move by the SEC allows individuals to share their insights on the proposed rule change that would enable Fidelity to introduce shares of its spot Ether […]
The United States Securities and Exchange Commission (SEC) is seeking public feedback on Fidelity Investments’ proposal for an Ethereum exchange-traded fund (ETF). This move by the SEC highlights the increasing interest and potential acceptance of cryptocurrencies as mainstream financial assets. Fidelity Investments, a major asset management firm, applied to the SEC for an Ethereum ETF, […]
The United States Securities and Exchange Commission (SEC) is seeking public feedback on Fidelity Investments’ proposal for an Ethereum exchange-traded fund (ETF). This move by the SEC highlights the increasing interest and potential acceptance of cryptocurrencies as mainstream financial assets. Fidelity Investments, a major asset management firm, applied to the SEC for an Ethereum ETF, […]
Celsius Network, a cryptocurrency lending platform, may need to seek approval from creditors for its proposed shift to a Bitcoin mining venture. A U.S. bankruptcy judge expressed concerns about the sudden change, emphasizing the importance of reaching an agreement with the SEC. The judge highlighted that the transformation into a mining business deviates significantly from […]
Facing allegations and scrutiny from regulators and government officials in the U.S., Circle, the stablecoin issuer behind USDC, has issued a statement addressing its purported ties with Hamas and Justin Sun. Circle emphasizes its commitment to stringent compliance standards and its cooperation with law enforcement. The company asserts that it abides by legal measures and […]
The U.S. Securities and Exchange Commission (SEC) recently met with Hashdex, an applicant for a Bitcoin ETF. The meeting discussed a proposed rule change that would allow NYSE Arca to list and trade shares of Hashdex’s Bitcoin ETF. The SEC memo stated that two individuals from the SEC’s Office of the Chair met with three […]
A recent public consultation conducted by the Bank of Canada on the country’s central bank digital currency (CBDC) initiative has revealed a negative sentiment among Canadians. The consultation aimed to explore the role of CBDCs in a digital payment landscape dominated by credit cards. However, the survey, which received 89,423 responses, showed that Canadians are […]
BlackRock, a major asset manager, has made revisions to its proposed spot Bitcoin ETF structure in an effort to address concerns raised by the Securities and Exchange Commission (SEC). The changes aim to mitigate market manipulation and regulatory issues. The new model modifies the redemption process by introducing a “prepaid model” where the offshore market […]
