The US Securities and Exchange Commission streamlining the approval process for crypto exchange-traded products (ETPs) may trigger a surge of new offerings, but that doesn’t guarantee their success, a crypto executive warns. “The adoption of generic listing standards — which could come as early as October — will likely usher in a ton of new…
Trading company and market maker Wintermute asked the United States Securities and Exchange Commission (SEC) to confirm that network tokens should not be classified as securities. In formal feedback to the agency’s request for comment, the company said clear guidance on the security status of tokens is necessary to avoid the misapplication of securities laws…
Crypto-native companies are ramping up efforts to influence regulatory guidance on digital asset transactions. On Monday, transfer agent Fairmint proposed a framework to the United States Securities and Exchange Commission’s (SEC’s) Crypto Task Force targeting what it described as outdated and fragmented back-end infrastructure in private securities administration. Submitted to SEC Chairman Paul Atkins and…
Trump Media and Technology Group (TMTG), the company that owns US President Donald Trump’s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal. According to a June 13 SEC filing, the…
Exchange-traded fund (ETF) issuers VanEck, 21Shares and Canary Capital sent a letter to the US Securities and Exchange Commission (SEC) urging a return to the “first-to-file” principle of approving ETF applications in the order they were submitted to the regulator. The companies argued that by failing to abide by the first-to-file principle, the default process…
The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services. On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration…
The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks. The meeting, which also involved the SEC’s Crypto Task Force, comes at a time when over $193 billion in digital assets are staked across major…
Former SEC Chair Jay Clayton confirmed that he has been appointed as the interim US Attorney for the Southern District of New York after the Democratic Party’s Senate leader used a “blue slip” to block a vote confirming Clayton’s position. The appointment comes a little over five months after US President Donald Trump nominated Clayton…
The US Securities and Exchange Commission (SEC) and crypto exchange Binance have asked a US federal judge for an additional two-month pause in their nearly two-year legal battle. “Since the Court stayed this case, the Parties have been in productive discussions, including discussions concerning how the efforts of the crypto task force may impact the…
US Securities and Exchange Commission staff have given guidance on how federal securities laws could apply to crypto, saying companies issuing or dealing with tokens that could be securities should give better details about their business. The SEC’s Division of Corporation Finance said in a staff statement on April 10 that it was giving its…