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South Korea to Unveil Crypto Investment Guidelines for Institutions

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  • South Korea’s Financial Services Commission will introduce institutional cryptocurrency investment guidelines by the third quarter of 2025.
  • The regulator confirmed its plan during a meeting with cryptocurrency industry experts on Wednesday.
  • The guidelines will establish standards for institutional investors, including trading rules, disclosure requirements, and risk management protocols.

South Korea’s Financial Services Commission (FSC) will introduce detailed guidelines for institutional cryptocurrency investment by the third quarter of 2025. The regulator confirmed this plan during a meeting with crypto industry experts on Wednesday. The guidelines will outline standards for institutional investors, including trading rules, disclosure requirements, and risk management protocols.

FSC to Issue Investment Guidelines for Institutions

The FSC is progressing with a structured approach to institutional investment in digital assets. The regulator intends to release investment guidelines for public companies and professional investors in the third quarter. Meanwhile, non-profit organizations and cryptocurrency exchanges will receive their guidelines earlier, with a target rollout in April.

In January, the FSC announced its plan to lift restrictions that have prevented institutions from investing in digital assets. The latest announcement reinforces the country’s shift toward integrating crypto assets into traditional finance. With institutional involvement, the South Korean crypto market is expected to see increased liquidity and stability.

Regulator Pushes for Stronger Oversight and Security

The FSC has urged banks and cryptocurrency exchanges to enhance their anti-money laundering (AML) and cybersecurity measures. Local regulations require crypto users to verify accounts with real-name bank accounts, ensuring better transparency. The commission emphasized the need for robust security protocols to prevent illicit activities and hacking incidents.

FSC Vice Chairman Kim So-young highlighted the necessity of clear best practices for institutional crypto investments. He acknowledged that global crypto regulations are evolving, especially with the U.S. administration under Donald Trump accelerating policy discussions. The upcoming guidelines will focus on transparency, compliance, and investor protection in digital asset markets.

South Korea Expands Crypto Regulatory Framework

The FSC is working on the second phase of its crypto regulatory framework, which will cover stablecoins and crypto business regulations. The first phase of the law took effect last year, setting rules for cryptocurrency service providers. The second phase will introduce additional measures to regulate digital asset transactions and safeguard investors.

The regulator has not provided an update on local spot cryptocurrency exchange-traded funds (ETFs), despite previous reports suggesting a review. However, market analysts expect further developments as institutional adoption increases. South Korea’s proactive regulatory stance signals a major shift in its approach to digital assets.

The country remains one of the largest cryptocurrency markets, with millions actively trading digital assets. Institutional participation could further drive growth, adding credibility and stability to the industry. The upcoming guidelines mark a significant step in integrating crypto into South Korea’s financial system.

US House Moves to Repeal IRS DeFi Broker Rule in Key Vote

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  • The US House of Representatives voted to repeal the IRS DeFi broker rule.
  • Lawmakers argued that the rule placed excessive burdens on DeFi platforms.
  • The resolution passed with bipartisan support, with 76 Democrats joining Republicans.

The US House of Representatives advanced a resolution to repeal the IRS DeFi broker rule. Lawmakers argued that the regulation imposed excessive compliance burdens on decentralized finance platforms. The resolution will now proceed to the Senate for a final vote.

House Votes to Overturn DeFi Broker Rule

The House of Representatives voted to repeal the IRS rule that classified DeFi platforms as brokers. 292 lawmakers supported the repeal, while 132 opposed it. The decision received bipartisan support, with 76 Democrats joining Republicans in voting against the rule.

The IRS introduced the rule in December under the Biden administration. It sought to impose strict data reporting requirements on DeFi platforms and decentralized protocols. Critics argued that enforcing compliance would be technically unfeasible due to the absence of centralized control over user funds.

Supporters of the repeal contended that the regulation threatened innovation within the US crypto sector. They warned that restrictive reporting rules could drive digital asset businesses overseas. The Blockchain Association also urged Congress to reject the rule, citing its potential harm to the industry.

Critics Call the Rule Overly Burdensome

Lawmakers who opposed the rule described it as an example of government overreach. They emphasized that DeFi software providers, who do not control user funds, should not be classified as brokers. The requirement to report user transactions would impose costly and unnecessary burdens on decentralized platforms.

French Hill, chairman of the House Financial Services Committee, strongly criticized the rule. He stated that defining software providers as brokers would undermine privacy and hinder financial innovation. He further argued that the policy would weaken the United States’ leadership in digital asset development.

White House AI and Crypto Czar David Sacks also backed the repeal. He posted on X that the administration supports efforts to eliminate the regulation. His statement reinforced the growing opposition to the IRS proposal within government and industry circles.

Senate to Decide the Fate of the Resolution

After the House passes the resolution, the Senate will determine whether to repeal the rule. If approved, it will prevent the IRS from implementing similar regulations in the future, which could provide long-term protection for decentralized finance platforms.

If the Senate rejects the resolution, the IRS may attempt to enforce comparable rules under a revised framework. However, strong bipartisan opposition suggests the repeal has a high chance of passing. The outcome will shape the future of DeFi regulation in the United States.

Once passed by the Senate, the resolution will move to President Donald Trump’s desk. If signed into law, it will mark a significant victory for the DeFi industry and signal a major policy shift in the federal government’s approach to decentralized finance.

US Lawmakers Push to Repeal Controversial DeFi Broker Rule

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  • The House Ways and Means Committee voted to advance a resolution repealing the DeFi broker rule.
  • The rule requires decentralized exchanges to report transaction details to the IRS.
  • Critics argue the regulation is impractical and threatens financial innovation.

The U.S. House Ways and Means Committee has advanced a resolution to repeal the DeFi broker rule, a regulation requiring decentralized exchanges to report transaction details to the IRS. Lawmakers voted 26-16 on February 26 to move forward with the measure, signaling opposition to the rule set to take effect in 2027. If approved by Congress and signed into law, the resolution will overturn reporting requirements for cryptocurrency brokers.

Critics Call DeFi Broker Rule Unworkable

The DeFi broker rule, approved by the IRS on December 5, expands reporting requirements to include gross proceeds from crypto sales and taxpayer details. Critics argue the regulation is impractical, as decentralized finance platforms do not collect the user data necessary for compliance. Lawmakers opposing the rule claim it oversteps government authority and threatens financial innovation in the U.S.

The repeal effort has gained momentum among lawmakers seeking to promote a crypto-friendly regulatory environment. House Ways and Means Committee Chairman Jason Smith criticized the rule for imposing unrealistic requirements on DeFi brokers. He argued that the IRS lacks the resources to handle the additional paperwork the rule would generate.

Industry leaders warn that enforcing the regulation could drive crypto businesses away from the U.S. Miller Whitehouse-Levine, CEO of the DeFi Education Fund, labeled the rule unconstitutional and called for immediate action to overturn it. Supporters of the repeal stress the importance of maintaining the U.S. as a competitive hub for financial technology.

The opposition argues that decentralized finance operates without intermediaries, making compliance nearly impossible. They believe enforcing the rule would create excessive burdens for both businesses and regulators. Many crypto advocates fear the regulation could stifle innovation and push companies to relocate abroad.

Political Shift and Future Implications

The push for repeal follows a broader shift in U.S. crypto policy under the Republican-controlled Congress. Many pro-crypto lawmakers have secured seats, increasing the likelihood of reduced regulatory restrictions. The new administration is expected to prioritize policies that encourage financial technology growth.

Regulatory agencies have already signaled a shift in enforcement priorities. Throughout February, the SEC dropped several cases against crypto firms, reflecting a more lenient stance. The Justice Department is also expected to shift its focus toward other policy areas, such as immigration enforcement.

If the resolution passes the House, it will proceed to the Senate for approval. Should both chambers support the measure, it will then move to President Donald Trump for final approval. The decision will determine the future regulatory landscape for decentralized finance in the U.S.

XRP Lawsuit: Lawyer Highlights SEC’s Settlement Delay Reasons

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  • The SEC is delaying the XRP lawsuit settlement due to legal complexities.
  • Lawyer MetaLawMan predicts a longer resolution timeline for Ripple vs SEC.
  • Judge Torres’ ruling and Ripple’s $125 million penalty complicate negotiations.

The US Securities and Exchange Commission (SEC) is moving forward with resolving crypto lawsuits, but the XRP lawsuit remains uncertain. Legal experts suggest that negotiations between Ripple and the SEC may take longer than expected. The complexity of the case and regulatory concerns contribute to the delay in reaching a settlement.

Legal Expert Suggests Delay in XRP Lawsuit Settlement

Lawyer James Murphy, known as MetaLawMan, has indicated that the XRP lawsuit may not conclude soon. He noted that the case is more complicated than other ongoing crypto lawsuits involving Binance, Kraken, and Gemini. While other cases may see faster resolutions, Ripple’s situation requires extensive negotiations.

MetaLawMan previously speculated that Ripple might settle before filing its appellate brief by April 16, 2025. However, he now believes that a quick resolution is unlikely due to legal complexities. The SEC and Ripple must determine how to handle the final judgment and the escrowed funds.

The court has already ruled on certain aspects of the case, complicating settlement discussions. Judge Analisa Torres’ ruling and the imposed $125 million penalty require careful consideration in negotiations. Both parties must find common ground, which takes time.

SEC Faces Conflict of Interest Allegations

The SEC’s handling of the case has raised concerns about potential conflicts of interest within the agency. Empower Oversight, a US government watchdog, has questioned former SEC official Bill Hinman’s connections to Ethereum. Critics argue that his classification of Bitcoin and Ethereum as non-securities unfairly excluded XRP.

Reports suggest that Hinman had financial ties to the law firm Simpson Thacher, which has links to Ethereum. Allegations claim that he received significant payments from the firm while making regulatory decisions favoring Ethereum. If proven, these claims could pressure the SEC to reconsider its stance on XRP.

The Office of the Inspector General is reviewing these allegations, which could influence the ongoing lawsuit. If conflicts of interest are confirmed, the SEC may face scrutiny over its previous regulatory actions. This could impact its legal strategy and force a reevaluation of its appeal.

SEC’s Recent Crypto Policies Raise Questions

The SEC has recently softened its stance on crypto regulation, signaling a shift from strict enforcement to policy adjustments. The agency dismissed its charges against Coinbase and closed its investigation into Robinhood. These moves suggest a broader effort to ease tensions with crypto firms.

Additionally, the SEC has acknowledged applications for XRP exchange-traded funds (ETFs) from major investment firms. Companies such as Grayscale, CoinShares, and 21Shares have submitted proposals for XRP ETFs. This marks a notable change in regulatory approach, raising speculation about the lawsuit’s potential outcome.

Lawyer Jeremy Hogan believes the case could conclude by April or May 2025. He suggests that the SEC may want to resolve the XRP lawsuit before approving an ETF. 

SEC Drops Robinhood Crypto Probe, Signaling Major Regulatory Shift

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  • The SEC has officially closed its investigation into Robinhood Crypto without any enforcement action.
  • The decision follows a Wells Notice issued in May 2024 that signaled possible regulatory action.
  • Robinhood Crypto moves forward without penalties as the SEC shifts its approach to digital asset oversight.

The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Robinhood Crypto without taking enforcement action. The agency’s decision follows a Wells Notice issued in May 2024, which had signaled possible regulatory action. Robinhood Crypto moves forward without penalties, marking a shift in the SEC’s approach to digital asset oversight.

Robinhood Crypto Moves Forward After SEC Decision

The SEC formally notified Robinhood crypto of the inquiry’s closure on February 21, ending the scrutiny. The agency decided not to pursue charges, reinforcing the changing regulatory stance toward digital assets. This outcome follows a similar decision in the SEC’s enforcement case against Coinbase, suggesting a broader shift in policy.

Robinhood Crypto had long asserted that its business practices complied with federal securities laws and did not violate regulatory standards. The SEC’s previous stance treated most digital assets as securities, a position that Robinhood repeatedly challenged. The closure of the investigation signals regulatory recalibration in how authorities define and oversee digital asset transactions.

The SEC’s decision comes amid a major transformation within the agency under new leadership. Former Chair Gary Gensler‘s departure and the shift in administration have influenced a less aggressive approach toward cryptocurrency companies. The SEC now focuses on updating regulatory frameworks instead of pursuing enforcement-heavy strategies.

The agency’s internal restructuring also reflects this change, replacing the Digital Assets Unit with the Cyber and Emerging Technologies Unit. This new unit prioritizes cybersecurity threats and fraud prevention while moving away from classifying most digital assets as securities. This strategic shift aligns with the SEC’s effort to modernize oversight in response to evolving blockchain technologies.

Robinhood Crypto sees the SEC’s decision as validation of its regulatory position, reinforcing its commitment to compliance. The firm has maintained that its digital asset services do not fall under securities regulations. With this inquiry closed, Robinhood can continue expanding its crypto services without legal uncertainty.

Crypto Task Force Pushes for Clear Guidelines

The closure of the investigation aligns with broader industry calls for updated cryptocurrency regulations. Market participants have long argued for clearer distinctions between securities and digital assets that function under alternative frameworks. This shift in enforcement priorities may encourage more institutional investment in digital assets.

The SEC has also introduced new initiatives, including the Crypto Task Force, led by Commissioner Hester Peirce. This task force aims to develop regulatory guidelines that foster responsible innovation rather than penalize market participants. The agency’s evolving stance reflects an industry-wide demand for transparent and predictable oversight. Robinhood crypto’s regulatory win could set a precedent for other digital asset firms facing similar scrutiny. The SEC’s decision marks a turning point in how authorities address cryptocurrency businesses.

Franklin Templeton’s EZPZ ETF Expands Crypto Investment Access

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  • Franklin Templeton launched the Franklin Crypto Index ETF under the ticker EZPZ.
  • The ETF trades on the Cboe BZX Exchange, offering exposure to Bitcoin and Ethereum.
  • The fund follows CF Benchmark’s Institutional Digital Asset Index for tracking performance.

Franklin Templeton has introduced the Franklin Crypto Index ETF, trading under the ticker EZPZ, further expanding its presence in digital assets. The ETF debuted on the Cboe BZX Exchange, offering investors weighted exposure to Bitcoin and Ethereum. This launch continues the asset manager’s efforts to improve its cryptocurrency investment product lineup.

Franklin Templeton Expands Crypto Investment Offerings

The Franklin Crypto Index ETF tracks CF Benchmark’s Institutional Digital Asset Index, which measures the performance of regulated cryptocurrencies. The fund’s allocation comprises approximately 87% Bitcoin and 13% Ethereum, mirroring their market capitalizations. Coinbase serves as the custodian, ensuring institutional-grade security and compliance with financial regulations.

The ETF provides investors a diversified way to invest in the top two digital assets without managing individual holdings. Following a regulated benchmark aligns the fund with institutional investment standards and capital market requirements. This strategy enhances accessibility for both retail and institutional investors seeking exposure to digital assets.

Franklin Templeton continues to expand its digital asset offerings by providing cost-efficient and structured crypto investment vehicles. The company launched the Franklin Bitcoin ETF (EZBC) in January 2024 and the Franklin Ethereum ETF (EZET) in July 2024. The new index ETF strengthens its position as a major player in the cryptocurrency investment space.

SEC Approves New Crypto Investment Funds

The launch of EZPZ follows a shift in US regulatory policy, allowing more cryptocurrency-focused investment products in traditional markets. In December, the SEC approved Franklin Templeton’s and Hashdex’s crypto index ETFs, marking a more open approach to digital asset investments. These approvals indicate growing institutional acceptance and regulatory clarity in the crypto sector.

Hashdex launched its Nasdaq Crypto Index US ETF (NCIQ) on February 14, becoming the first in the market. Franklin Templeton’s EZPZ joins the competition, expanding investment options for those seeking broad crypto exposure. These ETFs provide diversified and simplified access to digital assets while adhering to compliance standards.

The regulatory shift coincides with changes in US leadership, influencing the country’s stance on cryptocurrency. After winning the 2024 elections, Donald Trump took office on January 20, pledging to strengthen the US crypto market. Since then, asset managers have increased filings for ETFs tracking altcoins, anticipating further regulatory adjustments.

New Crypto ETFs Gain Institutional Interest

With the success of Bitcoin and Ethereum ETFs, financial institutions are exploring additional crypto investment products. Industry leaders expect growing demand for ETFs covering other digital assets, including Solana, XRP, and Litecoin. This expansion reflects rising institutional interest and investor appetite for diversified cryptocurrency exposure.

The emergence of more crypto-index ETFs demonstrates the evolution of digital asset investment strategies. Asset managers respond to market demand by creating products that simplify access to blockchain-based assets. As regulatory clarity improves, financial firms will likely introduce more diversified crypto funds to attract investors.

Franklin Templeton’s latest ETF underscores the increasing role of digital assets in traditional finance. The company remains committed to expanding its crypto offerings, aligning with the evolving regulatory environment. With EZPZ, investors now have another option to gain structured exposure to Bitcoin and Ethereum compliantly.

Ripple Whales Move 430M XRP as Regulatory Shift Gains Momentum

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  • Large XRP transactions totaling 430 million XRP have sparked discussions in the crypto community.
  • Ripple transferred 300 million XRP to an unknown wallet, raising speculation among analysts.
  • An additional 90 million XRP was moved between unidentified wallets within hours.

Large XRP transactions have sparked discussions in the crypto community after blockchain tracking service Whale Alert reported the movement of 430 million XRP. The transactions included a 300 million XRP transfer from Ripple to an unknown wallet and another 90 million XRP moved between unidentified addresses. Additionally, 40.8 million XRP were transferred from Coincheck to an unknown destination, raising questions about market liquidity and investor sentiment.

Whale movements in the crypto space often indicate strategic shifts by major holders, leading to increased scrutiny from traders and analysts. These large transfers occurred within hours, triggering speculation about their potential impact on XRP’s market dynamics. However, despite these movements, XRP’s price remained relatively stable, suggesting controlled liquidity in the market.

The nature of these transactions remains uncertain, but analysts continue to monitor their effects on trading volume and market behavior. Some believe they could be linked to institutional transactions, while others suggest they may be related to internal wallet restructuring. Regardless of the motive, large movements of XRP typically draw attention from investors anticipating possible market fluctuations.

Ripple CEO Signals Positive Shift in Crypto Regulation

Ripple CEO Brad Garlinghouse has highlighted a changing stance on cryptocurrency regulations in the United States. He pointed to increased bipartisan support for clearer policies, indicating a potential breakthrough in the regulatory landscape. Meetings with lawmakers such as Senator Tim Scott and Representatives Ritchie Torres, William Timmons, and French Hill suggest ongoing discussions to address the crypto industry’s concerns.

Garlinghouse has long criticized the lack of regulatory clarity in the U.S., arguing that it has driven crypto innovation overseas. His recent comments indicate optimism about progress in legislative efforts to provide a more structured framework for digital assets. Lawmakers now appear more willing to engage with industry leaders to create policies encouraging growth while ensuring compliance.

This development comes amid increasing pressure on regulatory agencies to refine their approach to digital assets. The Securities and Exchange Commission recently acknowledged a 19b-4 filing related to a potential XRP exchange-traded fund (ETF). Analysts believe this acknowledgment may signal a more constructive stance on XRP and its role in the financial ecosystem.

Regulatory Shifts Could Influence Ripple-SEC Case

A U.S. federal judge recently paused the SEC’s lawsuit against Binance for 60 days to allow both parties to assess regulatory developments. This decision has fueled speculation about the possibility of a Ripple-SEC settlement as regulatory agencies reassess their stance on crypto-related lawsuits. Some market observers believe a similar pause in the Ripple case could be on the horizon.

The SEC’s handling of crypto cases has faced criticism, prompting discussions about a more balanced regulatory approach. The acknowledgment of XRP-related ETF filings suggests the agency may be considering a shift in its legal strategy. A settlement in the Ripple-SEC case could provide much-needed clarity for XRP and the broader cryptocurrency industry.

Amid these legal and regulatory discussions, XRP’s price has shown resilience and stability despite large whale transactions. Traders continue to watch developments closely, as regulatory clarity could drive a significant shift in market sentiment. If an XRP ETF gains approval, analysts predict the asset could enter a new price discovery phase.

Michigan Joins the Crypto Revolution with New Bill for State Bitcoin Reserve: Report

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  • Michigan’s House Bill 4087 proposes a state Bitcoin Reserve, allowing crypto investments from Michigan’s general and stabilization funds.
  • The bill grants Michigan’s state treasurer up to 10% in digital assets investments, with future regulations left to state discretion.
  • Michigan joins 20 states exploring crypto reserves; Texas recently filed a similar bill, while North Dakota rejected such legislation.

The state of Michigan has recently seized the possible idea of accepting Crypto through House Bill 4087, which aims to form the state Bitcoin Reserve. In the House of Representatives on February 13, two legislators, Bryan Posthumus and Ron Robinson, introduced the bill that in its turn proposes modification of the Michigan Management and Budget Act to enable the investment in cryptocurrencies.

If approved, the bill will allow the Michigan state treasurer to invest up to ten percent of the state’s general fund and the economic stabilization fund in digital currencies. Instead, it leaves the regulation of which cryptocurrencies may be included to the discretion of the state in the future investments. Furthermore, the bill permits the state to invest its digital assets even if the investment does not increase its risk exposure while generating possible revenues from the digital currencies.

Following Texas’ Crypto Model

The Michigan pension fund has invested in Bitcoin and Etherum through the operating ETFs, showing the state’s increasing interest in digital currencies. Posthumus, one of the bill’s sponsors, acknowledges that Michigan can effectively set an example for the rest of the United States in terms of the development of regulation. He noted that Michigan ought to follow the suit of Texas in developing a comprehensive crypto reserve plan, particularly a law that would make Michigan a global hub.

The bill also outlines a plan for the establishment of the state-backed stablecoin called “MichCoin.” Posthumus indicated that MichCoin could be ‘backed’ by gold and silver for a fixed amount in Michigan to ensure that its value is real and has a back up of the elements seen as valuable.

Crypto Adoption Expands

Michigan is not alone now, as 20 other states are also considering the reserve legislation. Like Michigan, Texas has also passed a similar bill one day earlier and it also actively seeking opportunities to integrate digital currencies with state investment portfolios. However, North Dakota remains the only one of them that has refused to pass such a law.

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Source: Bitcoin Reserve Monitor

With the increase in use of cryptocurrencies, more states are starting to consider possibilities of incorporating digital currencies into their economy. Michigan’s proposal shows that it both wants to be involved in the participation and development of state-level crypto investments.

BlackRock’s Ethereum ETF Options Face Delay—Will SEC Approve It?

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  • The SEC has delayed its decision on BlackRock’s Ethereum ETF options trading until April 9, 2025.
  • The agency extended the review period to assess market stability, investor protection, and potential risks.
  • BlackRock’s spot Ethereum ETF was approved in May and began trading alongside other similar funds.

The U.S. Securities and Exchange Commission postponed its decision on BlackRock’s request to list and trade options on its Ethereum ETF. The agency announced it would decide by April 9, 2025, whether to approve or reject the proposal. The delay allows regulators more time to evaluate the rule change and any potential risks.

SEC Extends Review of BlackRock Ethereum ETF Options

BlackRock’s spot Ethereum ETF received approval in May and launched trading alongside eight similar funds. Later, Nasdaq, acting on behalf of BlackRock, submitted a request to list and trade options on the iShares Ethereum Trust. The SEC has extended its review period, citing the need to examine the proposal thoroughly.

The commission stated that assessing the proposed rule change and any concerns raised requires additional time. The delay ensures a careful review of market stability, investor protection, and the impact on financial markets. Regulators emphasized that they would decide after fully considering all relevant factors.

BlackRock remains one of the leading asset managers pursuing cryptocurrency-related investment products. The firm’s spot Bitcoin ETF received similar regulatory scrutiny before gaining approval. Its Ethereum ETF faces comparable challenges, particularly regarding derivative trading risks.

Concerns Raised Over Ethereum ETF Options Trading

The SEC’s delay follows responses from industry groups regarding Nasdaq’s proposal. Better Markets, a nonprofit organization advocating for a more muscular financial system, urged caution over options trading for crypto ETFs. The group emphasized Ethereum’s high volatility and potential risks to retail investors.

Benjamin Schiffrin, Better Markets’ director of Securities Policy, expressed concerns about options trading leading to investor losses. He warned that sophisticated traders might exploit retail investors through complex derivatives. The organization also noted that Bitcoin and Ethereum ETFs carry similar volatility risks.

Regulators have been scrutinizing crypto-related financial products due to potential market manipulation. The SEC has prioritized protecting retail investors from excessive risks tied to derivatives. Market analysts expect the agency to weigh these factors heavily before deciding.

Fidelity’s Ethereum ETF Options Await SEC Review

The SEC also requested public comments on a similar proposal from Cboe BZX Exchange Inc. on behalf of Fidelity. The proposal seeks approval to list and trade options on Fidelity’s spot Ethereum ETF. The agency has invited market participant feedback to understand potential risks and benefits better.

Interested parties have 21 days to submit comments after the notice is published in the Federal Register. The SEC often considers public input before ruling on major financial products. This step ensures transparency and helps regulators gauge market sentiment.

Fidelity’s proposal reflects the growing demand for Ethereum-related investment options. Institutional and retail investors have shown increasing interest in crypto ETFs. The SEC’s final decision will significantly impact the future of Ethereum derivatives in traditional markets.

Will Ripple Lawsuit End Today? SEC Meeting Sparks Settlement Buzz

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  • The SEC held a closed-door meeting, fueling speculation about the Ripple lawsuit.
  • The meeting agenda included litigation settlements and enforcement matters.
  • XRP supporters believe the case may be nearing a resolution.

A closed-door meeting at the U.S. Securities and Exchange Commission (SEC) today has fueled speculation about the Ripple lawsuit. The SEC’s agenda includes discussions on litigation settlements and enforcement matters, raising hopes among XRP supporters. With ongoing legal battles, many wonder if this meeting signals the end of the long-running case.

Ripple Case Nears End as SEC Updates Website

Today, the SEC’s closed session is the fifth one this year, and it has drawn significant attention from the XRP community. Acting Chair Mark Uyeda and Commissioner Hester Peirce will participate, adding to the anticipation. Uyeda’s approach to crypto regulation has led many to believe he may push for a fair resolution.

The agenda of the meeting includes the institution and settlement of injunctive actions and administrative proceedings. It also covers the resolution of litigation claims and other enforcement-related matters. Given the SEC’s past actions, many in the crypto industry are watching closely for any announcements.

The SEC has recently removed all references to Ripple from the litigation releases section on its website. This sudden change has fueled speculation that the case could be concluding. While there is no official confirmation, the timing of this update has caught the attention of investors and analysts.

Some believe this move signals an upcoming settlement, while others see it as routine website maintenance. The absence of any official statement leaves room for speculation, adding to the uncertainty. Despite the lack of clarity, many XRP holders remain optimistic about a positive outcome.

Ripple CEO Calls for Unity in Crypto Industry

Ripple CEO Brad Garlinghouse has emphasized the need for collaboration in the crypto space amid the ongoing lawsuit. He has spoken against crypto maximalism, advocating for a more inclusive industry. His views align with the broader call for regulatory clarity in the digital asset market.

Garlinghouse holds multiple cryptocurrencies, including XRP, Bitcoin, and Ethereum, showing his belief in a diverse market. He argues that regulatory clarity is crucial for innovation and mainstream adoption. His comments reflect a broader push within the industry for fair regulations that support growth rather than stifle it.

With speculation running high, all eyes are on the SEC and potential updates from today’s meeting. The outcome could have significant implications for Ripple, XRP, and the broader cryptocurrency market. Until an official announcement is made, the XRP community will continue to watch closely for any progress.

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