Tag:

SEC

Decrypt logo
NFT Gaming

SEC Halts Trading of Bitcoin, Ethereum Treasury Firm QMMM After 2,000% Stock Surge

by admin



In brief

  • Digital advertising firm QMMM Holdings announced that it was buying Bitcoin, Ethereum, and Solana earlier this month.
  • The company’s stock has skyrocketed by more than 2,100% over the last month amid the crypto pivot.
  • The SEC has now halted trading of the stock, and alleges that there may be manipulation at play.

The Securities and Exchange Commission has halted trading of a company after its stock boomed by over 2,000% following a recently announced crypto treasury pivot.

Digital advertising firm QMMM Holdings earlier this month announced a plan to buy Bitcoin, Ethereum, and Solana—causing an explosion in the price of its stock. In September alone, its price has risen by more than 2,100%, according to Yahoo Finance data, finishing Friday at a price of $119.40. 

But Wall Street’s biggest regulator said Monday that it was suspending trading of the security until October 10 as it investigates “potential manipulation” of the stock.



“The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation in the securities of QMMM effectuated through recommendations, made to investors by unknown persons via social media to purchase the securities of QMMM, which appear to be designed to artificially inflate the price and volume of the securities of QMMM,” the statement from the SEC read. 

Decrypt reached out to the SEC and QMMM Holdings for comment, but did not immediately receive a response from either party.

Hong Kong-based QMMM Holdings said at the start of the month that its treasury will initially start with $100 million worth of cryptocurrency. 

The SEC’s announcement comes as regulators pay closer attention to digital asset treasuries—companies that buy cryptocurrency with spare cash. Last week, the Wall Street Journal reported that the SEC and the Financial Industry Regulatory Authority, or FINRA, had contacted companies after identifying unusual trading activity. 

A number of companies have bought cryptocurrencies like Bitcoin, Ethereum, and Solana to get better returns for shareholders. Such firms have often seen their share prices soar—albeit sometimes briefly—after announcing crypto treasury pivots.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Stylized network of light focii covering Earth (geralt/Pixabay)
Crypto Trends

Crypto is ‘Job One’ as U.S. SEC, CFTC Move Into Harmony on Policies: Chairman Atkins

by admin



WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chairman Paul Atkins said that “crypto is job one” as his agency hosted a Monday roundtable focused on harmonizing policy work with its sister regulator, the Commodity Futures Trading Commission.

Both agencies are set to have central roles in overseeing the digital assets markets in the U.S., with the SEC overseeing crypto securities and the CFTC — especially after it’s expected to be given more authority by Congress — supervising the bulk of digital assets transactions. But leaders of both have said they want the borders between securities and commodities to be seamless, allowing single firms or even apps to traverse both without difficulty.

“Our two agencies must work in lockstep,” Atkins told a crowd of financial compliance lawyers and industry representatives at the SEC headquarters in Washington. “What matters is building a framework where our agencies coordinate seamlessly.”

Read More: SEC, CFTC Chiefs Say Crypto Turf Wars Over as Agencies Move Ahead on Joint Work

The CFTC Acting Chairman Caroline Pham added, “It’s a new day, and the turf war is over.”

Though it’s an unusually powerful sentiment from these agencies, which have often been at odds with each other, the CFTC side is still absent a permanent leader to assure its strategic decisions won’t be shifted under new management. But Pham spent some of her time at the microphone assuring the crowd that her agency is moving at a rapid pace under her leadership.

“The CFTC is alive and well, and there needs to be no more FUD about what’s going on,” she said, evoking the common crypto-world acronym for “fear, uncertainty and doubt.”

Atkins commented on the CFTC leadership under Pham, with whom he’s been working together on crypto initiatives, as “full-speed ahead.”

On the sidelines of the roundtable event, the SEC chairman told reporters that “obviously, top priority right now is crypto.”

He said in response to a question from CoinDesk that President Donald Trump “kind of laid down the gauntlet” and wants to sign a market structure bill by the end of the year. “We’ll see how that goes.”

Asset tokenization will be one particular area of SEC focus, he said, though he said it may take “a year or two” to erect regulatory guardrails around the activity.

“The potential is pretty much endless,” he said.

Atkins also dismissed speculation about the SEC and CFTC merging, calling it “fanciful.”

The Monday roundtable was the latest SEC event that put some focus on the crypto space, though this one represented a wider cooperation between the agencies. Weighing in on the panels were digital assets and blockchain leaders from such firms as Kraken, Crypto.com, Polymarket, Kalshi and Robinhood Markets.



Source link

0 comments
0 FacebookTwitterPinterestEmail
SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’
NFT Gaming

SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

by admin



The U.S. Securities and Exchange Commission (SEC) has asked crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, paving the way for a faster approval process after new rules removed a key regulatory hurdle, a person familiar with the matter told CoinDesk.

Earlier this month, the SEC signed off on generic listing standards, which allow exchanges to list commodity-based exchange-traded products (ETPs), including those tied to cryptocurrencies, without requiring a separate review for each one. These changes are expected to lower the regulatory hurdles for launching spot crypto ETFs.

Historically, issuers had to work with exchanges to submit 19b-4 filings — formal requests to amend exchange rules — before an ETF could be listed. But under the updated framework, that step is no longer required for certain products. Issuers now only need to file an S-1, the document that details an ETF’s structure and strategy, to receive the SEC’s green light.

“The SEC can move absurdly fast if they really want to — as we’ve seen in the past. Meaning that we could see approvals in a matter of days. But there’s no guarantee of that,” said Bloomberg Intelligence ETF analyst James Seyffart.

“They still haven’t greenlit Bitwise’s BITW to convert into an ETF which I’m guessing has to do with the first to file aspect that the SEC typically follows for the rest of the ETF industry. So perhaps they’ll will allow these things to launch in sorts of rolling waves or it could be a shotgun start by underlying asset.”

Over the past several months, asset managers have filed a growing list of spot crypto ETF proposals covering coins like SOL$209.81, LTC$105.93 and DOGE$0.2331. These proposals included both 19b-4 and S-1 filings, reflecting the two-part process required under the old rules.

Removing the need for 19b-4 forms could significantly speed up approvals. The 19b-4 route involved exchanges, such as Nasdaq or NYSE Arca, petitioning the SEC to change their own listing standards each time a new product was introduced — a process that often took months.

Now, with the SEC’s updated stance, exchanges can list crypto-based ETFs that fall within the generic commodity ETP category without having to seek a rule change every time. This places the approval burden squarely on the S-1 filing, which remains under the SEC’s direct review.

While it’s unclear how quickly the SEC will move on the outstanding S-1s, the change marks a shift in the agency’s approach to crypto markets — potentially opening the door for a wider range of digital asset funds to come to market with fewer regulatory delays.

“Everything is uncertain. Add in the prospect of a government shutdown and things can get really wonky,” Seyffart said.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Whale Opens $17.6M XRP Short as SEC Nears Crucial Spot Crypto ETF Decisions
NFT Gaming

Whale Opens $17.6M XRP Short as SEC Nears Crucial Spot Crypto ETF Decisions

by admin


According to data provided by Lookonchain, a prominent trader recently reopened an XRP short position with 20X leverage.

The notional value of the reopened position stands at $17.6 million. 

The trader’s current liquidation price is $2.91. Meanwhile, the Ripple-linked token is currently trading at $2.86, meaning that even a minor move could potentially result in liquidation. 

The gutsy bet comes after the trader already took a $3.4 million loss with his Bitcoin (BTC) and XRP shorts. 

You Might Also Like

CoinGlass data shows that roughly $3.76 million worth of XRP has been liquidated over the past 24 hours, with short positions accounting for roughly 75% of the wipeout. 

Big week for ETFs

The timing of the bet appears to be rather confusing, given that the U.S. Securities and Exchange Commission (SEC) could approve spot ETFs in the near future. 

As noted by analyst Nate Geraci, the next few weeks could be “enormous” since SEC deadlines are currently approaching on numerous filings. 

The agency is set to make final decisions on XRP ETFs during October. The deadline for Franklin Templeton’s proposal is set for Nov. 14. 

You Might Also Like

The likely approval of the XRP ETF is likely to supercharge another rally. However, there is also a possibility that such decisions have already been priced in. 

XRP is currently down 22% from the all-time high of $3.66 that was achieved on July 18.



Source link

0 comments
0 FacebookTwitterPinterestEmail
SEC chair outlines main directions of regulatory work ahead
NFT Gaming

SEC chair outlines main directions of regulatory work ahead

by admin



U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins recently told Fox Business that the agency will pursue crypto rulemaking and seek an innovation exemption to maintain the U.S.’s leadership in digital finance.

Summary

  • In an interview with Maria Bartiromo, Paul Atkins clarified that the SEC is preparing an innovation exemption for the end of 2025.
  • The exemption is designed to allow crypto companies to launch their products without fear of restrictive securities laws being applied to them.
  • Atkins noted that the SEC and the CFTC are working closely together to provide the marketplace with a stable platform for introducing new products.

Atkins told anchor Maria Bartiromo on Sept. 23 that the SEC is working closely with the Commodity Futures Trading Commission to determine the distribution of responsibility between the agencies and bring certainty to the market structure. 

Some projects (like single stock futures) were “torpedoed” only because of the uncertainty in whether they should have been supervised by the SEC or the CFTC.

He stated that both agencies will focus on rulemaking in the coming months and aim to establish an innovation exemption by year-end. The SEC chair said that it is not an ad hoc approach:

“We’re trying to give the marketplace some kind of stable platform upon which they can introduce their products,” he said.

The exemption aims to enable crypto businesses to launch their products immediately, thereby avoiding the early bureaucratic and regulatory burdens that typically hinder projects.

Atkins compared to Gensler

During the DeFi and American Spirit roundtable in June, Atkins explained the need for the conditional exemption relief framework in order to encourage developers.

Meanwhile, the SEC is working on new rules that Atkins argues will replace outdated securities laws applied to the crypto space.

The previous SEC chairman, Gary Gensler, treated various cryptocurrencies as unregistered securities. Still, many of the sector’s U.S.-based brands thrived, including Coinbase, Strategy, Robinhood, Ripple, and Circle. 

However, many crypto pros insist that Gensler’s cautious approach to the emerging industry left the U.S. behind Europe and the UK in terms of access to cryptocurrency markets and services. For example, Coinbase’s staking service is not available in five states. 

For years, Americans have faced challenges in participating in airdrops, buying spot ETFs, perpetual futures, and tokenized securities, as well as accessing the largest crypto exchanges, among other issues. That’s not the scenario in the UK and Europe. Estonia, one of the countries that pioneered nation-level blockchain adoption, offered tokenized securities back in 2019.

‘Make IPOs great again’

As for the plans not directly associated with crypto, Atkins said that he wants to “make IPOs great again.” He stressed that ordinary investors need to diversify their portfolios, but it’s not an easy task in the current circumstances.

According to the SEC chair, the number of public companies has shrunk by 50% in the last 30 years. He explained that going public became too burdensome in terms of regulation, compliance, reporting, and other requirements. That’s why not many companies are seeking to become public.

The fact that the top public corporations are all tech companies increases risks. So, Atkins sees the solution in streamlining and safeguarding ordinary investors’ access to private funds.

In general, Atkins’s appearance on Bartiromo’s “Mornings with Maria” indicated the SEC chair’s effort to allow U.S. crypto companies to self-regulate and provide retail investors with a broader set of investment options. 



Source link

0 comments
0 FacebookTwitterPinterestEmail
crypto, Coinbase, SEC, PayPal
NFT Gaming

SEC, FINRA Probe Crypto Treasury Firms For Unusual Trading

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are reportedly investigating suspicious trading patterns in the shares of certain companies that have announced crypto treasury strategies.

SEC, FINRA Scrutinize Suspicious Trading Moves

On Thursday, The Wall Street Journal (WSJ) reported that financial regulators have reached out to some of the over 200 companies with Digital Asset Treasury (DAT) strategies after observing unusual trading activity in the days leading up to the announcement of their crypto treasury strategy.

People familiar with the matter told the news media outlet that the SEC and the FINRA have examined unusual trading moves in the shares of multiple unnamed companies that announced that they would adopt a DAT strategy this year.

Reportedly, the regulators have raised concerns in letters and conversations about “unusually high trading volumes and sharp stock-price gains” that preceded the announcement that these companies would make cryptocurrencies their core corporate strategy.

SEC officials have warned these companies about potential violations of Regulation Fair Disclosure, the WSJ sources alleged. As the news media outlet noted, the rule prohibits public companies from “selectively disclosing material, nonpublic information to investors, analysts, and other market participants who might trade on the information.”

According to some lawyers, these types of FINRA letters usually mark the start of serious investigations into insider trading. However, it remains unclear whether the financial regulators are pursuing enforcement actions against any of these companies or investors.

Former SEC enforcement lawyer and now SEC defense attorney David Chase told WSJ that “when those go out, it really stirs the pot. It’s typically the first step in an investigation. Whether it goes full, full length, it’s anybody’s guess.”

The sources noted that, in some cases, the secrecy of the DAT announcements can be compromised, leading to the unusual stock activity ahead of the official statements. Meanwhile, lawyers who have worked on crypto-treasury deals affirmed that information leaks can also harm pricing transactions.

“If the stock price is highly volatile in the days leading up to pricing a transaction, that could actually make it very difficult to agree on a price for the transaction and put it at risk of execution,” Justin Platt, a partner at law firm Goodwin, told WSJ.

Crypto DAT’s Momentum Continues

Over the past few months, the crypto treasury strategy trend, pioneered by Michael Saylor’s Strategy, has gained momentum, with 212 new companies announcing plans to raise hundreds of billions of dollars to launch DAT strategies, the WSJ noted, citing data from crypto advisory firm Architect Partners.

Throughout September, multiple companies have unveiled crypto treasury strategies focused on Cardano (ADA), Avalanche (AVAX), and Solana (SOL). As reported by Bitcoinist, Solana-focused DATs have seen hundreds of millions of dollars invested in the strategies this month.

Recently, Helius Medical Technology revealed the launch of a $500 million SOL treasury strategy backed by Pantera Capital and Summer Capital. Similarly, Nasdaq-listed Fitell Corporation, a global provider of fitness equipment and health solutions, has unveiled the launch of the first Solana-based digital asset treasury in Australia.

Meanwhile, the top crypto treasuries have continued to accumulate Bitcoin (BTC) and Ethereum (ETH), the leading digital assets. BitMine, the largest ETH-focused treasury, recently surpassed the 2 million ETH milestone, while Strategy, the leading Bitcoin and crypto treasury, purchased another 850 BTC earlier this week.

Bitcoin trades at $109,229 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from NBC News, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Vaneck Urges Sec To Update Rules For Tokenized Etfs
Crypto Trends

VanEck Urges SEC to Update Rules for Tokenized ETFs

by admin



VanEck, a top-10 ETF issuer, met with the U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force on Thursday to discuss how tokenization and staking could fit inside regulated fund structures.

VanEck, which reported $132.9 billion in assets under management as of June 30, 2025, submitted a written agenda and supporting materials ahead of the session. The meeting focused on practical and regulatory questions that arise when traditional funds move onto blockchain systems.

Tokenization and staking on the table

Officials examined the tokenization of exchange traded funds (ETFs), including what it would mean for the issuer that sits behind a tokenized fund. VanEck asked the task force to consider how existing rules apply when fund shares are represented as blockchain tokens and how that might affect investor protections and market structure.

A separate agenda item considered liquid staking tokens. VanEck sought guidance on whether the SEC’s proposed Generic Listing Standards for Commodity and Crypto-Based Exchange-Traded Products apply to staking products, and how exchanges and issuers should handle liquidity risk tied to staking within ETF wrappers.

Wider regulatory questions raised

VanEck also brought up bigger issues it wants regulators to look at, like how decentralized finance (DeFi) platforms, tokenized securities, and ICOs should be handled under today’s securities laws. The firm also suggested that the Advisers Act Custody Rule may need an update so it properly covers the way digital assets are stored and managed.

On custody, VanEck highlighted Multi-Party Computation (MPC) as a practical tool for safekeeping private keys and suggested the SEC consider how technology-driven custody models should be regulated.

Who represented VanEck?

VanEck’s delegation included Wyatt Lonergan (General Partner), Kyle F. DaCruz (Director of Digital Assets Product), Matthew Sigel (Head of Digital Assets Research), Jonathan R. Simon (General Counsel), and Matthew A. Babinsky (Associate General Counsel).

The session is part of an ongoing series of meetings between regulators and market participants as the SEC weighs how to adapt securities rules for crypto-era products. Any guidance or rule changes that follow could affect how fund managers design and list tokenized ETFs.

Also Read: SEC’s Crypto Task Force Meets with SIFMA to Discuss Regulations



Source link

0 comments
0 FacebookTwitterPinterestEmail
Solana, XRP first in line as SEC fast-tracks altcoin ETFs
NFT Gaming

Solana, XRP first in line as SEC fast-tracks altcoin ETFs

by admin



Crypto is racing to Wall Street as Solana and XRP ETFs are widely expected to hit the market as soon as October.

Summary

  • Following newly shortened SEC approval timelines, financial firms including Canary Capital and VanEck are updating filings to launch the first altcoin ETFs.
  • The accelerated regulatory process reportedly reduces the review from 270 to 75 days.
  • This could usher in a wave of Solana- and XRP-linked products, marking a significant step toward mainstream institutional access to crypto markets.

Financial institutions are lining up to launch crypto exchange-traded funds, following new listing rules, Reuters reported on Wednesday, Sept. 24. Notably, these firms are scrambling to meet the updated Securities and Exchange Commission’s standards, which were approved a week prior.

Notably, the U.S. Securities and Exchange Commission (SEC) has slashed the timeline for approvals from 270 days to as little as 75 days.

The first altcoin ETFs are reportedly set to launch as soon early as October. These will likely be ETFs that are tied to Solana (SOL) and XRP (XRP) cryptocurrencies. Several prospective ETF firms are updating their filings to the SEC, including Canary Capital, VanEck and more.

“We’ve got about a dozen filings with the SEC now, and more coming,” said Steven McClurg, founder of Canary Capital Group, one of the pioneers in crypto ETFs. “We’re all getting ready for a wave of launches.”

Firms scramble to update their ETF filings

The final wave of updated filings could arrive by this week, with managing firms highlighting new regulatory changes. According to Teddy Fusaro, president of Bitwise, the filings are already far along in the review process.

Still, to qualify for the expedited process, an ETF has to meet certain criteria. For one, the underlying asset must already be traded on a regulated market or have regulated futures contracts for at least six months.

“Not all of our existing filings qualify,” said Kyle DaCruz, director of digital assets product at asset manager VanEck. “The next step is to talk to our lawyers to see which products can move forward and how rapidly will they get onto the market.”



Source link

0 comments
0 FacebookTwitterPinterestEmail
crypto, Coinbase, SEC, PayPal
Crypto Trends

SEC Eyes New Crypto ‘Innovation Exemption’ By Late 2025

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In a recent interview, the Securities and Exchange Commission (SEC) Chairman discussed the importance of establishing a crypto market structure legislation and the regulatory agency’s effort to implement a rule exception for digital asset firms in the coming months.

SEC To Offer More Crypto Clarity By Year-End

On Tuesday, SEC Chairman Paul Atkins joined FOX Business to discuss the US Congress’s crypto legislation and the agency’s measures to make the industry “stand on firm ground” and provide the long-awaited regulatory clarity to advance the digital assets sector in America.

Atkins stated that the Commission is “trying to get the marketplace some kind of stable platform upon which they can introduce new products,” citing the recently approved new generic listing standards for spot crypto exchange-traded funds (ETFs) as one big step toward their goals.

The SEC Chief affirmed that “a lot is going on” for the agency, including working on rulemaking and setting an innovation exemption for crypto firms by the end of 2025. Following the successful “Crypto Week” in July, he revealed that the Commission was exploring some regulatory changes to boost innovation.

As reported by Bitcoinist, the Chairman shared that the agency was considering an innovation exemption that would “permit novel ways of trading and more narrowly tailored forms of relief to facilitate the building of other components of a tokenized securities ecosystem.”

The rule exemption would allow crypto firms to quickly launch products without having to comply with “burdensome prescriptive regulatory requirements that hinder productive economic activity.”

Instead, crypto firms would “be able to comply with certain principles-based conditions designed to achieve the core policy aims of the federal securities laws,” Atkins detailed in a late July speech.

CFTC, SEC To Work ‘Hand in Glove’

During the interview, the SEC Chairman also discussed the regulator’s ongoing collaboration with the Commodity Futures Trading Commission (CFTC) and the potential consolidation of the two agencies, with Atkins as the leader.

It’s worth noting that the CFTC is currently in leadership limbo as the confirmation process of President Trump’s nominee for Chairman, Brian Quintenz, has stalled following a request from the White House.

The regulatory agency, intended to be a five-person, bipartisan commission, is down to only acting Chair Caroline Pham, who is also expected to depart from the agency once a permanent chief is appointed.

“I have my hands full right now,” Atkins said, shutting down the idea. “We are working hand in glove right now with the CFTC, so harmonization is what I envision. People have been discussing this issue for a long time, and I think we’re at a point now, especially when we look at the changes in the digital asset area, that it’s incumbent on the two agencies to work hand in glove.”

What we have to really focus on is that over the years, there’s been (…) jockeying for position, and we don’t need regulatory turf battles. The field is littered with bodies of would-be products (…) that over the years have been torpedoed by the lack of certainty as between what falls within the SEC’s realm and what’s the CFTC’s realm.

Speaking about crypto market structure legislation, the regulator highlighted the importance of the bill. He explained that with the enactment of the GENIUS Act for stablecoin regulations, the market structure must be a priority “so that there’s certainty in the marketplace and direction to the SEC and CFTC to work together.”

Ultimately, he anticipated that the two regulatory agencies would work on joint rulemaking to “try to future-proof these rules and the relationships from some rogue regulations in the future.”

Bitcoin (BTC) trades at $113,016 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from NBC News, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Sec Targets Crypto Rule Exemption By December Under New Approach
GameFi Guides

SEC Targets Crypto Rule Exemption By December Under New Approach

by admin



The U.S. Securities and Exchange Commission (SEC) plans to introduce a conditional rule exemption for crypto firms by the end of 2025, signaling a shift away from enforcement-first policies. The move, revealed by SEC Chairman Paul Atkins, is part of a broader push to give digital asset companies more regulatory breathing room to launch new products without clearing the traditional compliance gauntlet.

Dubbed an “innovation exemption,” the proposal would allow certain crypto projects to bypass existing SEC rules that Atkins has described as “incompatible or burdensome” for emerging technologies. The plan aligns with President Trump’s stated goal of establishing the U.S. as a leader in crypto development and signals a departure from the aggressive enforcement strategy led by former SEC Chair Gary Gensler.

SEC rollback clears path for pro-crypto reset

The agency is working to provide a “stable platform” for crypto product launches, while also advancing efforts to establish new regulatory rules for digital assets. A week ago, he emphasized the need to revitalize U.S. capital markets, pointing to a sharp decline in publicly traded companies over the past 30 years. “I want to make IPOs great again,” Atkins said, echoing familiar political messaging from the Trump era.

The exemption proposal follows a series of enforcement reversals at the Commission, including the dismissal of several lawsuits initiated under Gary Gensler’s leadership. It coincides with the formation of an internal crypto task force charged with developing a regulatory structure that keeps pace with innovation. 

While specific details remain scarce, the SEC aims to finalize the rule by year’s end, a timeline that aligns with former President Trump’s broader efforts to position the U.S. as a hub for crypto, including his reported involvement in easing terms of Binance’s $4.3 billion plea agreement amid scrutiny over ties between his family and the exchange.

Also read: SEC Approves New Standards to Fast-Track Spot Crypto ETFs Listings



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close