SEC Approves Crypto ETF with BTC ETH XRP
The SEC approved NYSE Arca’s proposal to list the T. Rowe Price Active Crypto ETF, including $BTC, $ETH, and $XRP among eligible assets. The fund aims for long-term growth. #Update #Crypto $BTC
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Bitcoin Mogul’s Fraud Conviction Upheld
A federal appeals court upheld Sam Bankman-Fried’s 25-year fraud conviction, rejecting his claims about FTX’s solvency. A presidential pardon is his last option. #Breaking #Legal
SEC Backs States in Prediction Market Battle
Gary Gensler supports states against CFTC in prediction market regulation, emphasizing state authority on gambling issues. Thirty Native American tribes back Ohio’s legal stance. #Breaking #Legal
Crypto Regulation Shifts: CFTC’s Selig Acts
CFTC’s Mike Selig ends “regulation by enforcement,” focusing on rule-based oversight for crypto, derivatives, and prediction markets. $BTC #Update #Crypto
SEC Scraps Rule 611 Boosts Tokenized Stocks
The SEC proposed scrapping Rules 611 and 610(e), potentially easing barriers for tokenized US stocks, with feedback open for 60 days; Galaxy’s Alex Thorn calls it a major unlock for DeFi trading. #Update #Crypto $BTC
SEC Chair Gensler Defends Prediction Markets Regulation
Former SEC and CFTC Chair Gary Gensler argues prediction markets do not override state regulations, as legal disputes continue between courts on their legitimacy. #Update #Legal $BTC
Bitcoin: Brazil Approves Crypto Law Bill
Brazil’s Chamber of Deputies debates Bill 2946 to enforce mandatory registration for crypto services, aiming to stabilize VASP regulations by codifying Central Bank resolutions. #Update #Crypto
CFTC Approves Most Sports Contracts
The CFTC proposed a rule defining sports event contracts as gaming, banning five categories but allowing most. Event listings grew from 220 in 2021 to over 8,000. Legal
CFTC Approves Hyperliquid Perpetuals Trading
@Kalshi has launched Hyperliquid (HYPE) perpetual futures trading, approved by the US CFTC, with zero fees for a limited time. HYPE price surged over 10% to $59.40. #Update #Crypto $HYPE
Crypto Regulation Bill Set to Pass in Japan
Japan’s House of Representatives passed a bill to regulate cryptocurrencies as financial instruments, allowing for ETFs and imposing stricter rules, including an insider trading ban. #Update #Crypto $BTC $ETH
CFTC Approves Sports Event Contracts Framework
The CFTC proposed new rules favoring sports event contracts, clarifying they aren’t “gaming,” which may boost platforms like @Kalshi and @Polymarket amid growing institutional interest. #Update #Crypto $KAL $POLY
CFTC Drafts Major Prediction Markets Framework
The US Commodity Futures Trading Commission (CFTC) proposes a regulatory framework for prediction markets, focusing on sports wagering and excluding election-related contracts. Public comment period open for 45 days. #Update #Legal
Treasury’s GENIUS AML Rules Backed by Anchorage
@AnchorageDigital supports US Treasury’s proposed AML framework for stablecoin issuers, advocating for clarity on secondary-market sanctions liability. Concerns raised by industry groups echo similar sentiments. #Update #Crypto $USDC
SEC Delays SpaceX IPO Amidst Senator Push
U.S. Senator Warren urges SEC to delay @SpaceX’s June 12 IPO, citing valuation and governance risks. The offering could value SpaceX at $2 trillion, raising $75 billion. #Breaking #Legal