Tag: SEC

SEC, CFTC Strike Conciliatory Tone Ahead of CLARITY Act Talks

admin

SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act. US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared on CNBC’s Squawk Box on Thursday to discuss the crypto market structure bill and a White House–hosted meeting scheduled for Monday. The bill was recently held up in the Senate, where it is undergoing committee review after being passed in the House of Representatives, with lawmakers working through unresolved…

SEC Chair Paul Atkins supports crypto in 401(k) plans with safeguards for retirees

admin

SEC Chair Paul Atkins has voiced support for allowing crypto investments in 401(k) retirement plans, provided they are managed carefully with protective guardrails. Speaking alongside CFTC Chair Mike Selig in a CNBC interview today, Atkins addressed concerns raised by Senator Elizabeth Warren, who warned that allowing Americans to invest in crypto through retirement accounts could put workers and families at risk of major losses. Atkins noted that many Americans already have indirect exposure to crypto through professionally managed pension funds. The goal is to carefully let 401(k) plans offer similar…

SEC Releases New Guidance On Tokenized Securities Framework

admin

The United States Securities and Exchange Commission has released new guidance on tokenized securities, categorizing assets into two categories to provide more clarity for companies entering the space. The SEC’s statement on tokenized securities, released on Wednesday, defines the assets as issuer- or third-party-sponsored tokenized securities.  “Tokenized securities generally fall into two categories: (1) securities tokenized by or on behalf of the issuers of such securities; and (2) securities tokenized by third parties unaffiliated with the issuers of such securities,” the regulator stated.  Issuer-sponsored tokenized securities enable companies to tokenize…

SEC Drops Civil Action Over Gemini’s Lending Program

admin

The SEC was satisfied with Gemini’s agreement to contribute $40 million toward the full recovery of Gemini Earn investors’ assets lost as a result of the Genesis bankruptcy. The US Securities and Exchange Commission’s civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice. Court filings show the parties submitted a joint stipulation to dismiss the action on Friday in the US District Court in the Southern District of New York, effectively ending the SEC’s claim over Gemini’s crypto…

Grayscale Files for Spot BNB ETF With SEC

admin

The product, if approved, would give US investors access to regulated BNB exposure without needing to hold the token themselves. Grayscale has filed with the US Securities and Exchange Commission to launch a spot exchange-traded fund tracking BNB, marking one of the asset manager’s most ambitious moves beyond Bitcoin and Ether. According to a registration statement filed on Friday, the proposed Grayscale BNB ETF would hold BNB (BNB) directly and issue shares designed to reflect the token’s market value, minus fees and expenses. The filing indicates the fund is intended…

SEC, CFTC To Hold Discussion On Harmonizing Crypto Oversight

admin

The SEC’s Paul Atkins and the CFTC’s Michael Selig will discuss the two agencies’ crypto oversight as legislative efforts to define their roles work through the Senate. The US Securities and Exchange Commission and the Commodities Futures Trading Commission say they’re coming together to discuss their efforts to implement President Donald Trump’s crypto agenda. The agencies said on Thursday that SEC chair Paul Atkins and freshly-installed CFTC chair Michael Selig will hold an event on Tuesday to discuss the “harmonization between the two agencies.” “For too long, market participants have…

F/m Investments seeks SEC permission to tokenize ETF shares

admin

F/m Investments, which oversees $18 billion in client assets, has filed with the SEC seeking permission to tokenize its flagship US Treasury 3 Month Bill ETF (TBIL) on a permissioned blockchain ledger. With this move, the firm aims to enhance operational efficiency and recordkeeping while fully preserving the ETF’s traditional trading, arbitrage, and regulatory framework. The tokenized ETF Shares are also expected to enable modern digital interfaces and support automated allocation features, helping the fund adapt safely to emerging tokenized securities markets. Under the proposal, tokenized shares would be created…

SEC Crypto Task Force Receives New Submissions Around CLARITY Act

admin

The submissions add to mounting pressure on regulators as Coinbase CEO Brian Armstrong calls for compromise to pass market structure legislation. The US Securities and Exchange Commission’s (SEC) Crypto Task Force “Written Input” page added two new submissions on Tuesday that focus on self‑custody rights and how proprietary trading in tokenized and decentralized finance (DeFi) markets should be regulated.  One submission comes from “DK Willard,” centered on Louisiana retail users, and the other from the Blockchain Association Trading Firm Working Group on dealer rules for tokenized equity markets. Submissions target…

Coinbase opposes Senate crypto bill, warns of SEC overreach and DeFi bans

admin

Key Takeaways Coinbase CEO Brian Armstrong opposes the current Senate draft, warning it could restrict tokenized equities, privacy in DeFi, and stablecoin rewards. A new Coindesk report says Sen. Cynthia Lummis indicated the hearing may be postponed, despite the initial plan to amend and vote Thursday. Share this article Coinbase CEO Brian Armstrong said the exchange will not support the current Senate Banking Committee crypto bill, citing provisions that could ban tokenized equities, restrict DeFi, and kill stablecoin rewards. https://x.com/brian_armstrong/status/2011545247105355865 In a post after reviewing the draft over 48 hours,…

SEC ends investigation into Zcash Foundation tied to 2023 crypto asset inquiry

admin

Key Takeaways SEC ends review of Zcash Foundation’s involvement in 2023 crypto asset inquiry without enforcement action. Zcash remains a regulatory focal point as privacy coins face heightened scrutiny in global compliance debates. Share this article The U.S. Securities and Exchange Commission has ended its review of the Zcash Foundation’s 2023 subpoena and will not recommend any enforcement action, the foundation said in a written statement. The investigation was part of a broader SEC probe titled “In the Matter of Certain Crypto Asset Offerings,” focused on digital asset issuers and…