The approval of options on spot Bitcoin exchange-traded funds (ETFs) may face significant delays, as reported by Reuters on February 1st. This delay is primarily due to the need for approval from two regulatory bodies, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). According to industry experts, this added
Regulation
Coinbase’s Chief Legal Officer, Paul Grewal, recently criticized the U.S. Securities and Exchange Commission (SEC) for its minimalistic legal filing on January 30. Grewal expressed his dissatisfaction with the complete lack of substance in the administrative record, stating, “See for yourself whether it’s even close to complete or sufficient to justify their decision.” This article
Navigating the regulatory landscape can be a daunting task for cryptocurrency firms, especially those based in the European Union (EU). The European Securities and Markets Authority (ESMA) recently provided some guidance on the provision of crypto-asset services to non-EU customers, shedding light on the possibilities for EU-based firms. However, it is crucial for these firms
The cryptocurrency industry is rapidly evolving, and regulators are faced with the challenge of keeping up with its growth. In a recent speech delivered by CFTC Chair Rostin Behnam, he expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation. This article delves into the key points made in his speech and
In the world of cryptocurrency, the approval of exchange-traded funds (ETFs) holds significant importance. Among the various digital currencies, Ethereum has emerged as a strong contender for a spot ETF. However, according to FOX Business reporter Eleanor Terrett, the future of spot Ethereum ETF approvals seems uncertain. Terrett suggests that the U.S. Securities and Exchange
The Internal Revenue Service (IRS) recently issued a reminder to all taxpayers to report any income related to digital assets. The IRS defines digital assets as including convertible virtual currency and cryptocurrency, stablecoins, and non-fungible tokens (NFTs). The agency has expanded the number of forms that include the question about digital assets and requires all
Sen. Elizabeth Warren recently made comments that have drawn significant backlash from the cryptocurrency community. Her remarks, based on a report from the U.S. Government Accountability Office (GAO), suggested that cryptocurrency is being used by “rogue nations” to evade sanctions and pose threats to national security. However, many in the crypto community argue that her
The U.S. Securities and Exchange Commission (SEC) has recently initiated a comment period on proposals related to options trading on Bitcoin exchange-traded funds (ETFs). This article aims to provide an analysis of the SEC’s proposed rule changes and their potential impact on the cryptocurrency market. Proposed Rule Change for Nasdaq One of the SEC notices
The U.S. Securities and Exchange Commission (SEC) recently announced that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. This decision pertains to a proposed rule change that would permit Cboe BZX to list and trade shares of Fidelity’s planned fund. Originally filed on November 17, 2023, the proposed rule change was published
In the ongoing court battle between Coinbase and the U.S. Securities and Exchange Commission (SEC), a hearing was held on January 17th to discuss the charges brought against Coinbase. The SEC accused Coinbase of operating an unregistered national securities exchange, broker, and clearing agency, as well as conducting an unregistered sale and offering of securities
