Friend.tech Partners Conduit, Unveils Friendchain #Startups
Friend.tech partners with Conduit to create Friendchain, a native blockchain using the $FRIEND token as gas. Launch date TBD. $FRIEND up 15% to $0.8439. #Crypto #Web3
Regulation
American Securities Association Files Lawsuit Against SEC
The American Securities Association sues the @SECGov for alleged transparency violations over $3B in fines against firms like @jpmorgan and @GoldmanSachs. The outcome could impact future regulations. #Finance #Regulation
ProShares Pursues SEC Approval for Spot Ethereum ETF
ProShares filed with the SEC to list a spot Ethereum ETF on the NYSE, excluding staking activities to align with regulatory requirements. Expected approval by July 2024. #CryptoNews #Ethereum
SEC Challenges: Monica Long Criticizes US Regulatory Climate
Monica Long, President of @Ripple, highlighted the approval of Bitcoin ETFs and BlackRock’s involvement as key milestones for crypto adoption at Money 20/20. She called for clearer regulations. #CryptoNews #Money2020
Hong Kong Crypto Exchange Licensing Insights
Major crypto exchanges @OKX, @Bybit_Official, and HTX have retracted their Hong Kong license applications due to strict regulations, including a ban on serving Mainland China users. #CryptoNews #HongKong
Binance, OKX Exit Hong Kong Amid Licensing Hurdles
Prominent exchanges Binance, @HuobiGlobal, and OKX withdrew licensing applications from Hong Kong’s SFC due to stringent policies. Concerns rise over Hong Kong’s crypto hub ambitions. #Crypto #Updates
Biden Vetoes Bill Limiting SEC Crypto Power
President Biden vetoed a bill to overturn SEC crypto guidelines, aiming to protect investors. Critics say it hinders financial institutions. Overturning requires a two-thirds Congress majority. #Crypto #Regulation
SEC Approves Ethereum ETF: VanEck CEO Celebrates Milestone
The @SECGov has approved spot $ETH ETFs, a landmark moment in crypto. @vaneck_us CEO calls it a career highlight. Expect increased investor interest and market clarity. #CryptoNews
Biden Faces Backlash Over Crypto Regulation Veto
President Biden’s veto of SEC’s SAB 121 faces backlash from @Coinbase, @Ripple, and Congress members, with concerns over destabilizing the crypto industry and future consumer protections. #CryptoNews #RegulationUpdates
Crypto Regulations 2025: KYC and AML Impact
The EU’s MiCA regulation, effective January 2025, mandates KYC and AML for all CASPs, bans algorithmic stablecoins, and aims to standardize crypto laws across Europe. #CryptoRegulations #EU
Ethereum ETF Applications Updated for SEC Approval
Invesco Galaxy, VanEck, and others updated S-1 filings for spot Ethereum ETFs to the SEC. Franklin Templeton’s 0.19% annual fee marks the first disclosed. #Crypto #Ethereum
Biden Blocks Bill to Reverse Crypto Law
President Biden vetoes bill to overturn SEC’s SAB 121, mandating banks list crypto assets as liabilities. This move emphasizes investor protection and regulatory stability. #Crypto #Finance
Biden Veto Safeguards SEC’s Crypto Regulations
President Biden vetoes bill to revoke SEC’s SAB 121, keeping crypto holdings listed as liabilities. This move aims to protect consumers and ensure market stability. #Crypto #Regulation
Coinbase Challenges SEC Rulemaking Denial in Court
Coinbase files closing brief in lawsuit against SEC over rulemaking denial. Dispute highlights SEC’s inconsistent approach to crypto, causing industry confusion. #CryptoRegulation #Coinbase