Posts

Showing posts with the label sec

SEC Approves New Generic Listing Rules For Crypto ETPs That Will Streamline Entire Process

Image
The US Securities and Exchange Commission (SEC) has approved new listing standards for exchange-traded products (ETPs) holding spot commodities, including cryptos, which will streamline the process and remove the need for the agency to review applications on a one-by-on-basis. The decision will enable exchanges such as Nasdaq, NYSE Arca, and Cboe BZX, to proceed with listings of proposed ETFs (exchange-traded funds) by sidestepping the 19(b) rule filing process, which is often lengthy, can take up to 240 days, and requires the SEC to approve or disapprove applications. BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under '33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS — Eric Balchunas (@EricBalchunas) September 17, 2025 The decision will essentially make the process more streamlined, because ETF issuers...

USDC Issuer Circle Files For IPO As Analysts Flag Profitability Concerns

Image
Circle Internet Financial, the issuer of USD Coin (USDC), has filed for an initial public offering (IPO) amid analyst concerns over the company’s profitability. The firm  submitted an S-1 form to the Securities and Exchange Commission (SEC) yesterday, which, if approved, will see the company’s stock trade on the New York Stock Exchange under the symbol “CRCL.” Not USDC Issuer’s First Attempt To Go Public Circle , the issuer of the second-largest stablecoin by market capitalization,  has been trying to go public since 2021. Its first attempt was a SPAC merger, which failed because the company did not complete the SEC’s “qualification in time,” said CEO Jeremy Allaire. Reports at the time suggested that the SEC simply chose to not sign off on Circle’s plans, but the company denies these claims. Circle then tried a different approach for its second attempt, filing a draft registration for an initial public offering wit...

Crypto.com CEO Says SEC Dropped Investigation Without Penalty, CRO Surges 8%

Image
Crypto.com CEO Kris Marzalek said that the US Securities and Exchange Commission (SEC) has closed its investigation into the crypto exchange without imposing a penalty or taking any legal action. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond,” he said in a March 27 X post . “It was a calculated attempt to put an end to the industry.”  Crypto.com Accuses The SEC Of A “Misguided” Approach To Digital Asset Regulation  The SEC’s decision to close its investigation into Crypto.com comes after the agency issued a Wells notice to the company in August that signaled its intention to take legal action against the crypto exchange. Crypto.com responded by filing a lawsuit against the SEC in October. In its filing, the exchange accused the then Gary Gensler-led agency of overstepping its authority and taking a “misguided” approach to crypto regulation. CRO...

Huge Win For BAYC NFT Fans, As The SEC Ends Probe Into Yuga Labs

Despite the rapid expansion of the global non-fungible token market, regulatory uncertainty has remained a significant roadblock for investors. But in recent days, the regulatory landscape surrounding non-fungible tokens appears to be taking a new shape. In another exciting incident, the United States Securities and Exchange Commission (SEC) has dropped investigations into the Bored Ape non-fungible token creator Yuga Labs. The SEC Ends Probe into Yuga Labs In a March 4 blog post, the Yuga Labs team confirmed that the United States Securities and Exchange Commission (SEC) has officially closed its investigation into its NFT company. The regulatory commission put Yuga Labs into intense scrutiny three years ago, citing that the digital asset company was trading unregulated securities. By description, securities are financial products representing digital ownership in a company, such as stocks, bonds, and notes. After 3+ years, the SEC has officially closed its investigation into Yuga...

Dogecoin Price Prediction: DOGE Jumps 5% As Bloomberg Puts 75% Odds On SEC Approving Dogecoin ETF, While New BTC Bull Meme Coin ICO Goes Parabolic

Image
The Dogecoin price jumped over 5% in the last 24 hours to trade at $0.2665 as of 3:10 a.m. EST as investors go long on the meme coin. The uptick in the DOGE price comes after Bloomberg ETF analysts James Seyffart and Eric Balchunas said in a post on X that there is a 75% chance that the US Securities and Exchange Commission (SEC) will approve a spot Dogecoin ETF (exchange-traded fund) this year. They also said that they expect the SEC to acknowledge filings for Dogecoin ETFs by Grayscale and Bitwise this week. Dogecoin Price Trying To Flip The $0.2582 Resistance 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is attempting to flip the resistance level at $0.2582 into support, GeckoTerminal data shows. Should the leading meme coin close a 4-hour candle above this mark within the next 8 hours, it could have the foundation needed to attempt a challenge at the next technical barrier at $0.2789. However, a rejection from the $0.2582 level or a sudden sell-off ...

Litecoin Surges 14%, Is LTC Slated To Hit $200 In February 2025?

Image
Litecoin (LTC) was finally making news after staying on the sidelines for years. The altcoin is one of the earliest cryptocurrencies and was dubbed as digital silver while Bitcoin was called digital gold. Despite its early popularity, the asset was seen dropping down in terms of ranking. An LTC exchange-traded fund filing is the reason that the asset has been making noise yet again. While the asset was seen recording a double-digit spike, the real question is if LTC can continue this momentum into the next month. Also Read: Ethereum Could Hit $4,500 In February, Here’s Why SEC Acknowledges Litecoin ETF Application Source: tokenmetrics Canary Capital’s proposal for a Litecoin ETF was acknowledged by the SEC. This further gives the community confidence that it may eventually be listed on exchanges. It will be a significant milestone if the LTC ETF garners a green signal. This is because it would be the SEC’s first recognition of an altcoin ETF filing. According to Bloomberg se...

Did Justin Sun even attend Donald Trump’s inauguration? 

Image
Liberland Prime Minister Justin Sun was seemingly completely absent from Donald Trump’s inauguration and all related events on Monday, despite claiming he’d be schmoozing with close allies of the new president.  Protos previously reported that Sun and Liberland President Vít Jedlička would be in attendance at events including Trump’s swearing-in ceremony, the Starlight Ball, and the cabinet reception, as per the micronation’s press release. However, Sun’s name was removed from the document and only Jedlička’s name remained.  Sun boasted during his 2025 Liberland pitch that he would be meeting close Trump associates Eric Trump and Steve Witkoff during the inauguration on January 20.  Justin Sun’s pitch where he claims he met and would be meeting close Trump allies. Read more: Justin Sun invites you to join him at Trump inauguration for $50k He was also slated to attend a Liberland Davos event that takes place alongside but is sepa...

Ripple Drop Can't Stop 44% Surge: Can XRP End 2024 at $2.50?

Image
Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market. There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it? Source: Investopedia Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November...

If You Invested $1,000 in XRP 10 Years Ago, Here’s What

Image
Along with the rest of the market, Ripple’s XRP was also seen making strides. Despite being overtaken by its counterparts, the altcoin hit an eight-month high of $0.73. While the asset continues this hot streak, several investors who missed out on pouring funds into XRP sooner rather than later were calculating their potential profits. This article dives into the asset’s growth over the past decade and the gains made. Also Read: Shiba Inu: This SHIB Investor Turned $3,800 Into $123 Million Revisiting XRP’s Growth XRP made its debut in the cryptocurrency market in June 2012. But in little more than a year, its value skyrocketed, rising from its modest origins to more than 100 times its original worth by 2014. In 2014, which was about ten years ago, the asset was trading at $0.028. XRP even went on to hit an all-time high of $3.84 in 2018. At press time, the asset was trading at $0.6677, witnessing a 4.50% surge over the past 24 hours. Ripple’s cryptocurrency grew ...

Who’s in line to replace Gary Gensler at the SEC?

During his speech at Bitcoin 2024, incoming US President Donald Trump promised to fire Gary Gensler as Chairman of the Securities and Exchange Commission (SEC). “On day one, I will fire Gary Gensler and appoint a new SEC Chairman,” he declared to uproarious applause. “I didn’t know he was that unpopular. Let me say it again. On day one, I will fire Gary Gensler.” Although there are some formalities to removing Gensler from office without showing cause — including the possibility of a legal challenge by the SEC itself — his resignation or involuntary departure seems likely at some point during 2025. With Howard Lutnick co-chairing Trump’s presidential transition team and making recommendations for his replacement, several rumors have circulated about potential contenders . Here are some popular guesses for candidates who might earn Trump’s endorsement to lead the SEC. Trump win opens door to many pro-crypto government appointments Read m...

Golden State Warriors sign crypto deal with Coinbase amid FTX lawsuit

The Golden State Warriors have announced a partnership with troubled cryptocurrency exchange Coinbase, despite currently being sued by the investors of its previous crypto sponsor, FTX. Coinbase is now the “official cryptocurrency platform and blockchain partner of the Warriors” and its home, Chase Center. The partnership aims to “introduce new and exciting ways for fans to engage with their favorite team.” Essentially, Coinbase and the Golden State Warriors will peddle blockchain-related merch . In a bid to attract new users, Warrior fans who create a Coinbase account will also get “season-long benefits.” Coinbase is already the exclusive crypto partner of the NBA and the WNBA, as well as the NBA G League and the NBA 2K League. Golden State Warriors and Coinbase face legal woes However, the crypto exchange is currently in a heated legal battle with the Securities and Exchange Commission (SEC). Coinbase is accused of illegally ope...

Ripple Says 2025 is a Breakthrough Year: What it Means for XRP

Image
In a recent post, Ripple Labs has referred to 2025 as a breakthrough year for the company, which has many traders pondering what that means for XRP. Indeed, the incoming year is set to be huge for the XRP Ledger. Yet, that could have massive implications for the company’s native crypto. September arrived with a plethora of new announcements from Ripple. Among them was the unveiling of Ethereum-compatible smart contracts to the ledger. Moreover, a company blog post has called 2025 a “significant year” for further developments that could develop into a vital year for XRP. Also Read: Ripple to Add Ethereum Smart Contracts to its XRP Ledger Ripple Has Big Plans for 2025: Could XRP Be Set to Surge? 2024 was supposed to be crucial for XRP. Indeed, the years long legal battle with the US Securities and Exchange Commission (SEC) was set to come to an end. Yet, with that settlement arriving, the asset has failed to live up to the hype. A poor August has left the crypto up only ...

Brazil’s SEC Approves The Country’s First Solana ETF

Image
The Brazilian Securities and Exchange Commission (CVM) has approved a Solana ETF (exchange-traded fund), the first investment product of its kind in the country. Following the disclosure in the CVM’s central database on Aug. 7, the product is still in its pre-operational phase awaiting approval from Brazil’s main stock exchange, B3. SOL Barely Reacts To Brazil’s Solana ETF Approval A local news organization by the name of Exame reported that the newly-approved Solana ETF will follow the CME CF Solana Dollar Reference Rate, which was created by the CF Benchmarks with the support of the Chicago Mercantile Exchange (CME). This index is a benchmark rate that aims to provide a reliable dollar rate for SOL. Local asset manager QR Asset will offer the ETF, while Brazilian fintech Vortx will serve as the product’s manager, the report added. This new fund will also be among the first launched globally. Swiss investment product provider 21Shares launched the first ...