SEC

London, UK, May 24th, 2024, Chainwire In a major development for the cryptocurrency industry, the SEC approved the first-ever Ethereum ETF today. This decision is seen by many as a potential turning point, ushering in a new bull cycle for crypto. With Ethereum paving the way for regulatory acceptance, all eyes are now on other leading projects like Solana. SolanaVM created L2's innovative solution that allows Ethereum dApps to leverage Solana's lightning-fast speed and minimal fees. This can play a…

The United States Securities and Exchange Commission (SEC) has approved all spot Ethereum ETFs in a landmark move, paving the way for the products to begin trading later this year.  The green light to spot Ethereum ETFs comes after intense speculation that the Securities and Exchange Commission was considering treating ETH as a security.  Spot Ethereum ETFs Get SEC Green Light  The SEC’s decision marks the approval of the second crypto-based ETF in the United States. It also marks a…

SEC deadline for Ethereum ETF decisions approaches, with Gary Gensler hinting at imminent announcements. SEC has approved eight Ethereum ETFs, signaling a significant regulatory breakthrough. Following CNF’s report that Ethereum has surpassed Mastercard in market capitalization, the focus is now on the SEC as it approaches a critical deadline. Today, the SEC must decide on at least one of the spot Ethereum ETF applications it is reviewing. After a period of minimal communication, the SEC requested that exchanges re-submit their…

The post Paul Grewal: SEC Approval Reinforces Ethereum as a Commodity appeared first on Coinpedia Fintech News Coinbase CLO Paul Grewal shed light on the SEC’s approval of eight spot Ethereum ETF applications, highlighting Ethereum’s status as a commodity. Grewal noted that this decision strengthens Ethereum’s recognition as a commodity, a notion shared by the Commodity Futures Trading Commission and federal courts. Moreover, this approval signals the upcoming trading of Ethereum on Wall Street and marks a major milestone for…

The post Big Win For Ethereum As The SEC Approved All Spot Ethereum ETFs appeared first on Coinpedia Fintech News In a landmark decision on May 24, 2024, the U.S. Securities and Exchange Commission (SEC) has approved all Spot Ethereum Exchange-Traded Funds (ETFs), marking a pivotal moment in the cryptocurrency market. This approval ends a prolonged period of anticipation and debate, signaling a new era for Ethereum and the broader crypto industry. The approval of all Spot Ethereum ETFs is…

XRP’s price action remains under scrutiny, with its trajectory dependent on developments in the SEC vs. Ripple case and broader economic indicators. Investors eagerly await a court ruling on sealing motions, which could disclose sensitive information potentially impacting Ripple’s business relationships and XRP adoption. The uncertainty in the Ripple vs SEC case continues to hover around, the XRP price has recently come under some selling pressure. In the last 24 hours, the XRP price dropped by 2% moving back to…

The post Gensler Teases Upcoming SEC Decision on Ethereum ETFs: Here’s What To Expect appeared first on Coinpedia Fintech News U.S. Securities and Exchange Commission Chair Gary Gensler recently hinted at a big decision coming up about Ethereum ETFs but didn’t give away much detail. Gensler suggested that there’s a change in how they’re thinking about these funds after some recent court decisions. Gensler didn’t reveal much but advised everyone to “stay tuned” for an important update that could significantly…

Solana may be the next cryptocurrency to receive an ETF in the U.S. The approval faces challenges due to SEC’s classification of Solana as a security and the absence of a futures ETF. Following recent predictions updated by CNF earlier this May, where Michael Saylor suggested that Ethereum could face SEC classification as a security, a similar spotlight now shines on Solana (SOLUSD). According to today’s update shared on Trading View, during the CNBC post-market talk show “Fast Money” on…

Ripple’s CLO, Stuart Alderoty, criticizes SEC Chair Gensler, highlighting a serious challenge to his regulatory approach. Ripple faces critical legal hurdles but continues to innovate, potentially expanding into the stablecoin market. n a recent fiery statement, Ripple’s Chief Legal Officer, Stuart Alderoty, accused SEC Chair Gary Gensler of overreaching his authority, casting him as a political liability. Amid the ongoing legal battle, tensions escalate as Ripple intensifies its criticism of the SEC’s tactics and strategies. Tensions Mount in Ripple vs.…