On January 16, 2025, the Nasdaq made a significant move by filing a 19b-4 Form to list a spot Litecoin (LTC) exchange-traded fund (ETF) spearheaded by Canary Capital. This application marks a noteworthy moment in the cryptocurrency landscape as it suggests the first approval of an altcoin ETF within this emerging market. Eric Balchunas, a
Regulation
The United States Securities and Exchange Commission (SEC) has escalated its legal confrontation with Ripple Labs by submitting an opening brief to contest a court ruling that favored the cryptocurrency company. The filing on January 15 raises significant questions about the regulatory landscape surrounding cryptocurrencies, particularly XRP, which Ripple uses as its native token. The
The world of cryptocurrency is fraught with challenges, especially regarding government oversight and asset management. Recently, Senator Cynthia Lummis has articulated grave concerns over significant activities involving the U.S. government’s handling of Bitcoin tied to the notorious Silk Road and issues regarding the Federal Deposit Insurance Corporation’s (FDIC) stewardship of digital asset records. These issues
As a new political era unfolds under President-elect Donald Trump, significant changes loom on the horizon for the U.S. Securities and Exchange Commission (SEC). The agency is reportedly gearing up for a re-evaluation of its stance towards cryptocurrency firms, a pivot that has significant implications for the burgeoning crypto market. According to reports from Reuters,
The TON Foundation, renowned for its connection to the Telegram messaging platform, is poised to embark on an ambitious expansion into the United States. Announced on January 14, this development comes on the heels of a promising performance in 2024. Under the forthcoming administration of President-elect Donald Trump, which is perceived to foster a more
In a significant turn of events within the financial sector, Robinhood has accepted a settlement totaling $45 million following allegations of securities law violations, as confirmed by a statement released on January 13. This resolution stems from an in-depth investigation by the U.S. Securities and Exchange Commission (SEC) targeting its subsidiaries, Robinhood Securities LLC and
In a groundbreaking move towards enhancing cryptocurrency regulation, the New York Department of Financial Services (NYDFS) has forged a strategic partnership with the Bank of England (BOE). This collaboration, announced on January 13, introduces the Transatlantic Regulatory Exchange (TRE), a pioneering initiative aimed at unifying regulatory approaches towards digital assets and emerging payment systems. As
Tether, a prominent player in the stablecoin market, is taking a decisive step by relocating its global headquarters to El Salvador. This shift follows the company’s successful acquisition of a Digital Asset Service Provider (DASP) license, marking a significant milestone in its operational strategy. El Salvador has made headlines as the first country in the
In recent months, the Federal Deposit Insurance Corporation (FDIC) has found itself navigating the tumultuous waters of cryptocurrency regulation, a topic that has generated considerable debate within financial circles. The interim chair of the FDIC, Travis Hill, brought renewed attention to this issue during a speech delivered in St. Louis on January 10. His remarks
In a considerable move towards regulating cryptocurrency, the Consumer Financial Protection Bureau (CFPB) has introduced an interpretive rule that could reshape how digital wallets operate under the Electronic Fund Transfer Act (EFTA). Released on January 10, this proposal addresses the need for consumer protections similar to those found in traditional banking, particularly in response to