The US Securities and Exchange Commission (SEC) has once again postponed its decision regarding the approval of options trading for Ethereum (ETH) exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). The announcement, made in a filing on November 8, cites the need for further review of the proposals and their potential impact on
Regulation
The anticipated transition of power in the United States has brought about fervent discussions regarding the future leadership of key financial regulatory bodies. As President-Elect Donald Trump prepares his team, early indications suggest a strategic inclination towards appointing individuals with close ties to corporate America and the Republican Party. Reports indicate that a shortlist of
The prediction market landscape has seen significant innovations over the past few years, particularly with the advent of blockchain technology. Polymarket, a prominent cryptocurrency-based platform, epitomizes this shift by allowing users to place bets on various uncertain outcomes, ranging from the financial sector to political events. Launching in 2020, Polymarket quickly gained traction, especially during
The recent shift in the political landscape of the United States has invigorated the cryptocurrency sector, marking what some industry experts believe could be the onset of a “Golden Age of Crypto.” In a memo dated November 6, Bitwise Chief Investment Officer Matthew Hougan articulated his perspective, suggesting that the victory of Donald Trump in
In a significant move for the cryptocurrency market, asset management company 21Shares has submitted a formal application to the US Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). This application, filed on November 1, aims to register shares of the Core XRP Trust for trading on the Cboe BZX Exchange. Notably,
In a rapidly evolving regulatory landscape, the U.S. Securities and Exchange Commission (SEC) has intensified its scrutiny of the cryptocurrency sector, an action underscored by its latest move against Immutable, a notable player in the blockchain gaming arena. Immutable announced via a blog post on October 31 that it had received a Wells notice—a formal
The landscape for cryptocurrency exchanges in Hong Kong is poised for significant transformation as authorities signify their intent to license additional platforms by year-end. Financial Secretary Paul Chan, speaking at the Hong Kong FinTech Week, indicated that the Securities and Futures Commission (SFC) is diligently reviewing more candidates for regulatory approval. This development suggests that
The Bank for International Settlements (BIS), often hailed as the bank for central banks, is embarking on a transformative journey with its Project Mandala. This initiative, launched in partnership with the central banks of Australia, Korea, Malaysia, and Singapore, aims to streamline cross-border transactions, a critical aspect of global finance. In today’s interconnected world, regulatory
In a compelling open letter, Charles Cascarilla, the CEO and co-founder of Paxos, has brought urgent attention to the necessity of embracing digital assets in the United States. Addressing both Vice President Kamala Harris and former President Donald Trump, he emphasized that the fate of America’s financial supremacy hinges on the next presidential administration’s stance
In an announcement made on October 29, crypto exchange Gemini revealed that it has received preliminary regulatory approval from the Monetary Authority of Singapore (MAS) to offer services related to cross-border money transfers and digital payment tokens. This significant step marks an important milestone for the Gemini platform, which is co-founded by the Winklevoss twins.