
May 31st, 2025
The South Korean cryptocurrency giant Bithumb partnered a US-based fintech company seriesOne in a bid to launch a complaint security token exchange for American customers.
As more regulatory clarity in the crypto space emerges there is a huge possibility of institutional players adopting security tokens considering the security and liquidity they offer.
Pending the regulatory approval from CFTC, the physically-settled Bitcoin futures on Bakkt is expected to go live on 12th of December.
FinHub will act as a central medium for the securities agency to interact with developers and entrepreneurs from the fintech space.
The SEC has set a new deadline till the October end for public comments after which the securities agency will start reviewing the proposed rule changes.
The 1Broker.com domain has been seized by the Federal Bureau of Investigation with the investigative agency levying further charges of wire fraud and money laundering.
VanEck director Gabor Gurbacs said that the company is firm in its decision to get “a liquid, insured and appropriately regulated physical bitcoin ETF” in the market.
The SEC has sought for comments to “address the sufficiency of the Exchange’s statements in support of the proposal, which are set forth in the Notice.”
According to the recent ruling made by a US federal judge, criminal cases related to shady ICOs officially fall under securities laws.
The SEC cited the reason of its interim suspension stating that the funds create a “confusion amongst market participants.”
SEC Commissioner Hester Peirce explained that the agency might reconsider its decision as the ruling was originally drafted by SEC staff members on behalf of the leadership.
SEC says that the insufficient volumes of Bitcoin Futures don’t satisfy the agency’s rules to prevent fraud and manipulation.
The U.S. SEC is set to approve or deny the two ProShares Bitcoin ETFs filed in 2017 on 23 August. If approved, the ETF’s performance would be tracked on popular exchanges like the Cboe and CME.
The U.S. SEC will be analyzing ETFs from SolidX, VanEck, ProShares, and others within the next two months. If get approved, institutional investors can enter the market and facilitate the growth of the most important cryptos prices.
The crypto market sentiment has been severely driven down after the rejection of CBOE Bitcoin ETF, the ripple effect of which is spread all over.