The ongoing scrutiny by the US Securities and Exchange Commission (SEC) concerning the approval of options trading for Ethereum (ETH) exchange-traded funds (ETFs) has sparked significant discourse in both regulatory and cryptocurrency circles. As of November 8, the SEC has opted to postpone its decision, thereby prolonging uncertainty for investors and market participants alike. The
Regulation
As Donald Trump prepares to take office once again, his transition team is heavily weighing potential appointments for key financial regulatory positions. Recent reports suggest that a variety of corporate attorneys and seasoned Republican regulators are being considered, aiming to reshape the landscape of financial oversight. This transition reflects a broader political shift that might
Polymarket, a prominent platform in the realm of cryptocurrency-based predictions, has recently come under the scrutiny of France’s National Gaming Authority (ANJ). Attracting significant attention during the 2020 US presidential election, Polymarket allowed users to engage in speculation about uncertain outcomes, amassing over $3.2 billion in global wagers. The platform differentiates itself from traditional betting
As the political tides begin to turn in the United States with Donald Trump’s anticipated victory, the cryptocurrency sector finds itself at a critical juncture. Matthew Hougan, the Chief Investment Officer at Bitwise, recently indicated that this political change may usher in a “Golden Age of Crypto.” This assertion has stirred excitement within the cryptocurrency
In a significant development within the cryptocurrency landscape, asset management firm 21Shares has made strides to introduce a spot XRP exchange-traded fund (ETF) by filing an application with the U.S. Securities and Exchange Commission (SEC). As of November 1, 21Shares submitted an S-1 form aimed at registering its Core XRP Trust shares for listing on
The looming presidency and the upcoming US elections have catalyzed an aggressive wave of regulatory actions against cryptocurrency companies, with the latest target being the blockchain gaming platform, Immutable. The Securities and Exchange Commission (SEC) has served a Wells notice to Immutable, compelling the company to reckon with potential legal implications surrounding its actions in
Hong Kong’s rapidly evolving financial ecosystem is on the brink of a significant transformation as authorities signal plans to license an increasing number of cryptocurrency exchanges by the close of the year. Financial Secretary Paul Chan’s recent comments at Hong Kong FinTech Week suggest a proactive approach by the Securities and Futures Commission (SFC) to
The collaboration between the Bank for International Settlements (BIS) and several central banks marks a proactive step towards solving the complex challenges of regulatory compliance in cross-border transactions. Announced on October 28, this initiative, known as Project Mandala, brings together the BIS Innovation Hub Singapore Centre and central banks from Australia, Korea, Malaysia, and Singapore.
In a compelling open letter to prominent political figures, including Vice President Kamala Harris and former President Donald Trump, Charles Cascarilla, the CEO and co-founder of Paxos, has highlighted a significant concern for the future of America’s financial landscape. He articulates that the nation’s financial dominion relies heavily on the next presidential administration’s approach to
Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, recently announced that it has secured in-principle approval from the Monetary Authority of Singapore (MAS) to deliver cross-border money transfer and digital payment token services. This development transforms Gemini’s operational landscape as they ramp up their presence in the Asia-Pacific (APAC) region, a market that