In a landmark move that could reshape how companies account for digital assets, the U.S. Securities and Exchange Commission (SEC) has issued interim guidance permitting certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets. Reported by Bloomberg Tax on August 5, the update marks a ...
A coalition of major players in the Solana ecosystem, including Jito Labs, VanEck, Bitwise, the Solana Foundation-backed Policy Institute, and Multicoin Capital, has formally appealed to the U.S. Securities and Exchange Commission (SEC) to permit liquid staking for Solana-based exchange-traded products (ETPs). Liquid staking allows investors to stake tokens while ...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the proposed Truth Social Bitcoin ETF, extending its review period until at least September 18. The delay comes as part of the agency’s standard evaluation process, allowing more time to scrutinize the application submitted by NYSE Arca on ...
In a surprising turn of events, the US Securities and Exchange Commission (SEC) has approved but immediately paused the conversion of Bitwise’s flagship crypto index fund into an exchange-traded fund (ETF), leaving the process in limbo pending further review. On Tuesday, the SEC’s Division of Trading and Markets granted “accelerated ...
Bakkt Holdings Inc. is making a bold treasury pivot, announcing plans to raise up to $1 billion through a mixed securities offering to fund future Bitcoin acquisitions. In a filing submitted to the U.S. Securities and Exchange Commission on June 26, the crypto software firm revealed it intends to issue ...
The U.S. Securities and Exchange Commission (SEC) has kicked off a public comment period for two proposed cryptocurrency exchange-traded funds (ETFs) from Franklin Templeton, marking a pivotal step in expanding digital asset investment products beyond Bitcoin and Ether. In separate filings published June 17, the SEC announced the initiation of ...
The U.S. Securities and Exchange Commission (SEC) has formally withdrawn several proposed rules introduced during the Biden administration, including two major regulations targeting cryptocurrency custody and decentralized finance (DeFi) platforms. In a statement released on June 12, the agency announced it is rescinding 14 proposed rules issued between March 2022 ...
Republican Congressman William Timmons is pressing the U.S. Securities and Exchange Commission (SEC) for transparency over its evolving stance on Ethereum (ETH), calling on former commissioner Paul Atkins to provide internal documents related to how the agency has historically classified the digital asset. In a letter sent June 10, Timmons ...
The U.S. Securities and Exchange Commission (SEC) could begin approving a wave of cryptocurrency-linked exchange-traded funds (ETFs) as early as July, potentially ushering in what analysts are calling an “altcoin ETF summer.” According to Bloomberg senior ETF analyst Eric Balchunas, the regulatory body may greenlight ETFs that track broad-based crypto ...
The U.S. Securities and Exchange Commission (SEC) is set to revamp its approach to crypto regulation, moving away from enforcement-led tactics and instead prioritizing rulemaking through a public “notice and comment” process, according to SEC Chair Paul Atkins. Speaking before the Senate Appropriations Subcommittee on Financial Services on June 3, ...
