The US Securities and Exchange Commission (SEC) will approve the first exchange-traded funds (ETFs) that invest directly in Ether, the world’s second-largest cryptocurrency. According to filings and statements from asset managers, companies including 21Shares AG, Bitwise Asset Management Inc., BlackRock Inc., Invesco Ltd., Franklin Templeton, Fidelity Investments and VanEck have received approval. The SEC has…
A US district judge has sided with the Securities and Exchange Commission (SEC) against Rivetz, a provider of mobile crypto wallets, over allegations of selling unregistered securities. This ruling is an important step in the SEC’s ongoing efforts to regulate the cryptocurrency industry, setting a precedent for how cryptocurrency projects can be treated under US…
Washington, D.C. – SEC Commissioner Hester Peirce is advocating for clearer regulatory guidelines for the cryptocurrency industry, which has long criticized the government’s inconsistent approach. In an interview with Yahoo Finance on Friday, Peirce emphasized the need for a legal framework that is practical and aligned with existing laws. “I want to create a system…
Robinhood announced that the US Securities and Exchange Commission (SEC) officially closed its investigation into the company’s cryptocurrency division without taking any action. The decision removes a major regulatory concern hanging over the trading platform’s crypto operations. In May 2024, Robinhood received a notice from the SEC stating that its crypto unit was under…
