The @SECGov has approved @Grayscale’s Bitcoin Mini Trust ($BTC) to trade on NYSE Arca. With a commission rate of just 0.15%, ten times lower than GBTC, this new trust aims to make Bitcoin investment more accessible. Trading begins post-approval of the S-1 form in March 2024.
Swiss regulator FINMA mandates stablecoin issuers verify identities of all token holders to mitigate risks. This guidance, effective July 26, aims to enhance regulatory clarity. For more info, visit FINMA Guidance.
.@a16z co-founders Ben Horowitz and Marc Andreessen criticize the SEC and Biden administration for unclear crypto regulations, claiming it stifles growth. Over 30 lawsuits against their projects highlight the issue. Trump gains crypto support amid the regulatory divide. #CryptoNews
Anthony Scaramucci predicts VP Kamala Harris will fire SEC Chair Gary Gensler if she runs for president. Amid Biden’s crypto policy debates, Scaramucci reassures that Harris is crypto-friendly, despite not addressing the Bitcoin Conference. Prominent figures urge Harris for concrete crypto support. #CryptoNews
Hex Trust secures in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore, allowing legal crypto custody and OTC trading services. This strengthens regulatory collaboration and enhances digital asset security for institutional clients. #Crypto
.@Coinbase requests court order for SEC to disclose docs, including SEC Chair Gary Gensler’s emails since 2021. This follows SEC’s earlier denial; Coinbase stresses the need for a robust defense. Outcome may influence future crypto regulations. #CryptoNews #Update
Coinbase urges a NY court to compel the SEC to release documents on Gary Gensler’s crypto regulation talks. This could impact future transparency in crypto regulation. #CryptoNews @coinbase @SECGov #Update
Cryptocurrency whales bought 74M $XRP as the Ripple vs. SEC case nears a final ruling. Notable purchases: 26.42M, 23.65M, and 23.95M $XRP from Binance. Despite a 23.10M $XRP sale to Bitstamp, the overall buying trend is strong. Decision expected next week. #CryptoNews
The US House has passed a bill by @RepZachNunn to combat illegal crypto finance. A new Treasury-led group will assess crypto’s role in terrorism and money laundering, aiming to secure digital assets and national security. #CryptoRegulation
Ripple vs. SEC: Former SEC lawyer Marc Fagel says no evidence of settlement; expects final judgment in weeks. $XRP hits $0.63 amid positive developments and surging Asian trading volumes. Options traders eye $0.70. Verdict on penalties likely by late July/August. #CryptoNews
Iowa AG Brenna Bird, backed by six states, challenges SEC over crypto regulation, claiming it stifles innovation and oversteps state laws. The coalition demands clear congressional authorization for such vast oversight. #Cryptocurrency #Update
Crypto leaders foresee major regulatory shifts if Trump wins in 2024. Under Biden, the SEC, led by Gary Gensler, tightened crypto oversight, especially post-FTX collapse. A Trump administration could ease pressures on key players like $XRP, $COIN, and $BNB. #Crypto #Update
The SEC rescheduled its closed meeting to July 25, raising hopes for a Ripple ($XRP) case resolution. However, XRP lawyer Bill Morgan clarifies that the meeting is unrelated to Ripple v SEC. The case, significant for crypto regulations, continues with no current settlement. #CryptoNews
The SEC has formed the Interagency Securities Council (ISC) to tackle securities and crypto fraud, involving 100+ federal, state, and local agencies. Led by Chair Gurbir S. Grewal, the ISC aims to boost collaboration and fight scams using social media and deepfake tech. #InvestorProtection
