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Canadian Regulator Seeks Input on Crypto-Asset Disclosure Requirements for Financial Institutions

Canada’s Office of the Superintendent of Financial Institutions (OSFI) has initiated a consultation period regarding the disclosure requirements for crypto-assets in federally regulated financial institutions. This consultation was anticipated in the 2023 federal budget and is closely linked to a similar inquiry by the Bank for International Settlements (BIS). The Canadian government aims to establish […]

US Presidential Candidate Proposes Crypto Policy Framework, Criticizes Sanctions on Crypto Mixer

Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework called “The Three Freedoms of Crypto.” Ramaswamy promises to focus on prosecuting bad actors rather than the code they use or the developers who write that code. He also pledges to provide regulatory clarity and exemptions from securities laws for new cryptocurrencies. Additionally, Ramaswamy […]

FTX Founder Granted Extension for Post-Trial Motions in High-Stakes Legal Battle

Judge Lewis A. Kaplan of the United States District Court, Southern District of New York, has granted a request for an extension for filing post-trial motions in the case against Sam Bankman-Fried. The extension allows Bankman-Fried’s legal team to prepare for the subsequent stages of the case. The defense’s post-trial motions, initially due on November […]

Coinbase Receives Regulatory Approval for Crypto Futures Trading in the US

Coinbase, a leading digital currency exchange, has received regulatory approval from the National Futures Association (NFA) to introduce crypto futures trading in the United States. This comes after a two-year application process and positions Coinbase as a Futures Commission Merchant (FCM). While the service is not immediately accessible, interested individuals can sign up for an […]

Fidelity Investments Files for Ethereum Spot ETF with SEC

Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). This is the second ETF filing by Fidelity, following their previous filing for a Spot Bitcoin ETF. The filing outlines the framework for listing and trading Trust shares on […]

SEC Rumored to Require Cash Creates for Spot Bitcoin ETF Applicants

Bloomberg analyst Eric Balchunas has reported that the Securities and Exchange Commission (SEC) is instructing spot Bitcoin ETF applicants to incorporate cash creates. This means that instead of delivering Bitcoin assets in exchange for shares of the ETF, participants would deliver cash. Balchunas explains that cash creation may be preferred because broker-dealers cannot deal in […]

SEC Extends Decision Period for Global X and Franklin Templeton Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has extended the decision period for two spot Bitcoin Exchange Traded Funds (ETFs). The first filing is for GlobalX’s spot Bitcoin ETF, which was submitted on August 4 and published for comment on August 23. The SEC will now have until February 2024 to approve or reject the […]

Fidelity Files for Ethereum ETF, Following BlackRock’s Lead

Fidelity Investments has filed for a spot Ethereum exchange-traded fund (ETF), following in the footsteps of its main competitor, BlackRock. The filing with the Securities and Exchange Commission (SEC) outlines Fidelity’s plan to list and trade shares of the proposed fund on Cboe BZX. This move comes after Fidelity submitted a similar proposal for a […]

Increase in Crypto Scams Targeting Elderly Americans Spurs Legislation

United States Senator Elizabeth Warren has raised concerns about the increasing number of cryptocurrency scams targeting senior citizens. During a Senate hearing, Warren highlighted a 350% rise in crypto investment scams aimed at elderly Americans, resulting in over $1 billion in losses. Cybersecurity expert Steve Weisman supported Warren’s proposed legislation on digital assets, emphasizing the […]

WisdomTree Submits Amended Prospectus for Bitcoin ETF to SEC

Asset manager WisdomTree has submitted an amended Form S-1 prospectus to the SEC for a spot bitcoin exchange-traded fund (ETF). The proposed WisdomTree Bitcoin Trust would trade on the CBOE BZX Exchange under the ticker BTCW, with Coinbase Custody Trust serving as the custodian. Despite ongoing discussions with the SEC, WisdomTree remains committed to launching […]