SEC Financial News

The daily trading volume for Ethereum futures exchange-traded funds (ETFs) surged to an all-time high yesterday, fueled by increasing anticipation of potential spot approval from the U.S. Securities and Exchange Commission  (SEC).

The Financial Innovation and Technology for the 21st Century Act (FIT21), if passed, would establish a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance.However, SEC chair Gensler warns that the bill would remove investment contracts that are recorded on a blockchain from the statutory definition of securities."Further, by removing this set of investment contracts from the statutory list of securities, the bill implies what courts have repeatedly ruled - but what crypto market participants have attempted to deny - that many crypto assets are being offered and sold as securities under existing law," says Gensler.The Biden administration has also come out against the bill, saying that, in its current form, it "lacks sufficient protections for consumers and investors who engage in certain digital asset transactions".Continues the statement: "The Administration looks forward to continued collaboration with Congress on developing legislation for digital assets that includes adequate guardrails for consumers and investors while creating the conditions needed for innovation, and further time will be needed for such collaboration."In contrast, Republican presidential candidate Donald Trump and major crypto firms including Gemini, Kraken, Coinbase and the Digital Currency Group all back the bill.Glenser adds: "The crypto industry’s record of failures, frauds, and bankruptcies is not because we don't have rules or because the rules are unclear. It’s because many players in the crypto industry don’t play by the rules.

The chair of the Securities and Exchange Commission has issued a statement hailing what he sees as the benefits of the U.S. securities market adopting faster settlements.

Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about the outcome of applications for U.S. spot exchange-traded funds that track the world's second-biggest cryptocurrency, while bitcoin also approached a record high. Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Monday.

Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, believes that BJP not winning 400 seats will not be negative for the market at all. A stable and predictable political regime is most important right now. Therefore, irrespective of the outcome, it won't significantly affect the market, he explained.

Uniswap Labs filed a 40-page response on Tuesday to the SEC’s Wells Notice, arguing against a potential lawsuit and urging the agency to drop the matter.

Ether’s price has surged over 20% to around $3,792, fueled by rumors that US regulators might finally approve Spot Ethereum ETFs. The price surge has surprised traders as most anticipated the SEC would delay or reject the first ether ETF by Thursday.

Fraudsters are targetting South Korean crypto users with an Ethereum-themed scam, token holders in the country said on May 21.

The US Securities and Exchange Commission (SEC) filed a response to Ripple’s motion application to seal and redact the company’s business details in the parties’ briefings on remedies on Tuesday.

The price of ether (ETH), which is the native cryptocurrency of the Ethereum network, rallied as much as 20% early Tuesday before giving up some of the gains amid renewed hope for the approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

Representatives Maxine Waters (D-CA) and David Scott (D-GA) are refraining from whipping against the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of the crypto regulation’s expected vote Wednesday, according to an email obtained by Politico on Monday.

Waverly Advisors has just expanded its reach in the Southeast as it welcomes an investment advisory practice in Georgia.

Martin Gruenberg, the chairman of the United States Federal Deposit Insurance Corporation (FDIC), to step down from his position following an investigation that exposed a toxic workplace culture at the bank regulator.

The U.S. Securities and Exchange Commission (SEC) is requiring exchanges to update their spot Ethereum exchange-traded fund (ETF) filings.

dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly rangebound as investors generally stuck to their views of the expected timing and extent of Federal Reserve rate cuts this year. Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

Crypto experts are flocking to invest funds in an exciting new Solana meme coin Sealana (SEAL) as the crypto market rally accelerates on Monday in wake of rising hopes for the SEC to approve spot Ethereum ETFs this week.

The Blockchain Association urged a full House floor vote of the Financial Innovation and Technology for the 21st Century Act (FIT21) in a Monday letter to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries.

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While thefocus for the moment is — rightly, on the long working hours of juniors investment banking divisions after the death of Leo Lukenas (whom Bank of America says didn't work long hours, but whom a headhunter now says was seeking to find a new job for that very reason), there were reminders yesterday that young bankers aren't alone in being expected to grind. 

Recently, the SEC decided to pursue Ripple (XRP) for $2B as its legal battle heats up. Meanwhile, Tether (USDT) has increased its investment in CityPay, a payment service. Amidst these developments, all eyes are on Rollblock (RBLK) – a Stage 1 presale star. Analysts claim that this altcoin could surge 1200% in 2024. Let’s see why.

The US Securities and Exchange Commission (SEC) has yet to decide on spot Ethereum exchange-traded funds (ETFs). On May 16, Billy Markus, co-founder of Dogecoin, voiced his doubts about their approval, saying that the SEC is “compromised” and may not approve the ETFs.