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💥 Grayscale Presents 8-K for Horizen Trust to the SEC🚨
On December 24, Grayscale filed an 8-K form for Grayscale Horizen Trust (ZEN) with the SEC. This move suggests increased interest in the ZEN token and could indicate a step towards regulation and transparency in the cryptocurrency market.
#Grayscale #SEC #HorizenTrust
$SOL $CAKE $CITY
On December 24, Grayscale filed an 8-K form for Grayscale Horizen Trust (ZEN) with the SEC. This move suggests increased interest in the ZEN token and could indicate a step towards regulation and transparency in the cryptocurrency market.
#Grayscale #SEC #HorizenTrust
$SOL $CAKE $CITY
Midday News Update #Web3
📉 #Hyperliquid sees $256M net outflow in the past 30 hours, with record single-day exits on Dec 23.
💸 Mt. Gox moves 319.56 $BTC ($30.1M) to two new wallets, leaving a balance of 36,085 $BTC .
🐶 #Memecoins__ dominate 31% of crypto narratives in 2024, up nearly 4x from last year.
🇵🇭 Philippines #SEC issues comprehensive crypto asset regulations covering disclosures and public offerings.
📊 Wall Street predicts 2-year US Treasury yields to drop 50bps in 2025 despite #Trump's trade policies.
📉 #Hyperliquid sees $256M net outflow in the past 30 hours, with record single-day exits on Dec 23.
💸 Mt. Gox moves 319.56 $BTC ($30.1M) to two new wallets, leaving a balance of 36,085 $BTC .
🐶 #Memecoins__ dominate 31% of crypto narratives in 2024, up nearly 4x from last year.
🇵🇭 Philippines #SEC issues comprehensive crypto asset regulations covering disclosures and public offerings.
📊 Wall Street predicts 2-year US Treasury yields to drop 50bps in 2025 despite #Trump's trade policies.
SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1.
These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens.
Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1.
These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens.
Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
alidiab:
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SEC approves first hybrid Bitcoin-Ethereum ETFs
The U.S. Securities and Exchange Commission #SEC has approved the first hybrid #Bitcoin -#Ethereum exchange-traded funds (ETFs), after several months of review. The #Hashdex Nasdaq Crypto Index US ETF and the #FranklinCrypto Index #ETF, which will be listed on Nasdaq and Cboe BZX Exchange respectively, combine Bitcoin $BTC and Ethereum $ETH holdings. Each fund's composition will reflect the market capitalizations of the two cryptocurrencies, with an expected split of 80% Bitcoin and 20% Ethereum.
The U.S. Securities and Exchange Commission #SEC has approved the first hybrid #Bitcoin -#Ethereum exchange-traded funds (ETFs), after several months of review. The #Hashdex Nasdaq Crypto Index US ETF and the #FranklinCrypto Index #ETF, which will be listed on Nasdaq and Cboe BZX Exchange respectively, combine Bitcoin $BTC and Ethereum $ETH holdings. Each fund's composition will reflect the market capitalizations of the two cryptocurrencies, with an expected split of 80% Bitcoin and 20% Ethereum.
Tai Mo Shan Settles with SEC for $123 Million Over TerraUSD Collapse
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
Tai Mo Shan Settles with SEC for $123 Million Over TerraUSD Collapse
Tai Mo Shan, a subsidiary of Jump Crypto, agreed to pay $123 million to settle charges with the United States Securities and Exchange Commission (SEC) on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse.
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
The SEC revealed that Tai Mo Shan had an agreement with Terraform Labs in 2021 to purchase Terra LUNA at a steep discount.
Additionally, Tai Mo Shan bought approximately $20 million in UST to maintain the stablecoin’s 1:1 peg with the US dollar.
SEC Chair Gary Gensler remarked:
“The impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public.”
The Collapse of TerraUSD
TerraUSD, once the third-largest stablecoin by market capitalization, collapsed in May 2022, causing widespread disruption in the crypto market.
It was an algorithmic stablecoin that maintained its dollar peg through software and digital asset collateral.
The collapse began on May 8, 2022, when a whale dumped around $285 million in UST, causing the stablecoin to lose its peg and drop to $0.98.
By May 10, UST plunged further to $0.67, triggering liquidations among leveraged traders and sparking fear and uncertainty among investors.
As UST’s market capitalization exceeded the underlying LUNA reserves, it became clear that the stablecoin lacked sufficient collateral, leading to its complete collapse as panic selling ensued.
The fallout prompted a formal investigation of Terraform Labs and its founder, Do Kwon, by U.S. authorities, resulting in charges and a $4.4 billion settlement.
The collapse also spurred regulatory reforms like the Lummis-Gillibrand Stablecoin Act of 2024, which banned algorithmic stablecoins.
No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.
#TaiMoShan #SECSettlement #TerraUSDCollapse #CryptoRegulation #SEC $LUNC $USTC $BTC
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Cryptocurrency markets fall after the Fed's press conference
As we mentioned last week, we could expect significant volatility in the crypto markets following the FOMC meeting and the press conference of Fed Chairman Jerome Powell, and that's exactly what happened after a more restrictive approach by the Fed looking towards 2025.
Although the Fed cut rates by 25 basis points, which was already widely anticipated, the unexpected part was the revision of its outlook for 2025, reducing the expected rate cuts from three to just two, a total of 50 basis points. Additionally, they raised their inflation expectations for the end of 2025 from 2.1% to 2.5%.
As a result, the markets reacted with massive sell-offs. The total crypto market capitalization fell by 14%, dropping from $3.73 trillion (all-time high) to $3.2 trillion. Altcoins were the most affected, as Bitcoin's dominance increased despite the overall market decline.
The question now is whether we will see a deeper correction as Powell's comments are digested by the markets, or if investors will take the opportunity to "buy the dip" and remain optimistic about the long-term outlook.
#FED #SEC #bitcoin $BTC
As we mentioned last week, we could expect significant volatility in the crypto markets following the FOMC meeting and the press conference of Fed Chairman Jerome Powell, and that's exactly what happened after a more restrictive approach by the Fed looking towards 2025.
Although the Fed cut rates by 25 basis points, which was already widely anticipated, the unexpected part was the revision of its outlook for 2025, reducing the expected rate cuts from three to just two, a total of 50 basis points. Additionally, they raised their inflation expectations for the end of 2025 from 2.1% to 2.5%.
As a result, the markets reacted with massive sell-offs. The total crypto market capitalization fell by 14%, dropping from $3.73 trillion (all-time high) to $3.2 trillion. Altcoins were the most affected, as Bitcoin's dominance increased despite the overall market decline.
The question now is whether we will see a deeper correction as Powell's comments are digested by the markets, or if investors will take the opportunity to "buy the dip" and remain optimistic about the long-term outlook.
#FED #SEC #bitcoin $BTC
SEC Charges Jump Crypto Subsidiary for Role in Terra’s Stablecoin Collapse
The U.S. Securities and Exchange Commission (SEC) announced that Tai Mo Shan Ltd. has agreed to pay $123 million to resolve allegations of misleading investors about the stability of terrausd, Terra’s algorithmic stablecoin.
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1. These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens. Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
Without admitting or denying the SEC’s findings, Tai Mo Shan agreed to pay $73.5 million in disgorgement, $12.9 million in prejudgment interest, and a $36.7 million civil penalty. The firm also committed to cease violating fraud and registration provisions of U.S. securities laws.
SEC Chair Gary Gensler highlighted the broader implications of the case, stating, “Here, the impact reverberated throughout the crypto markets, eventually costing the savings of countless investors.” Gensler will leave his post this year as the Trump administration takes over the White House.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
Tai Mo Shan Settles SEC Allegations Over Terrausd for $123 Million
Tai Mo Shan, a subsidiary of Jump Crypto Holdings, was accused of engaging in deceptive practices to stabilize terrausd’s $1 peg. According to the SEC complaint, the firm purchased over $20 million worth of terrausd (UST) on days when its value dropped below $1. These actions allegedly misled investors into believing that UST’s algorithmic mechanisms, designed to maintain the peg, were functioning independently.
The SEC further alleged that Tai Mo Shan’s trading was incentivized by Terraform Labs, which offered discounted options for its sister token, Luna. The charges also include violations of securities laws in the underwriting and sale of Luna tokens. Tai Mo Shan reportedly acted as a statutory underwriter by acquiring Luna from Terraform Labs and reselling it as securities on U.S.-based crypto platforms between January 2021 and May 2022, according to the SEC order.
The collapse of UST in May 2022, known as a key event during the so-called “crypto winter,” triggered significant losses in the cryptocurrency market. Terraform Labs and its founder, Do Kwon, were previously found liable for fraud this year, resulting in a $4.5 billion settlement with affected investors.
Without admitting or denying the SEC’s findings, Tai Mo Shan agreed to pay $73.5 million in disgorgement, $12.9 million in prejudgment interest, and a $36.7 million civil penalty. The firm also committed to cease violating fraud and registration provisions of U.S. securities laws.
SEC Chair Gary Gensler highlighted the broader implications of the case, stating, “Here, the impact reverberated throughout the crypto markets, eventually costing the savings of countless investors.” Gensler will leave his post this year as the Trump administration takes over the White House.
#SEC #JumpCrypto #TerraStablecoin #CryptoNews #SECCharges $LUNC $BTC $LUNA
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Token Boom and Crypto Game Events: An Exciting Holiday Season for Blockchain Gamers
The crypto gaming market and #NFT witnessed a lively week with a series of notable events, from token launches, in-game events, to promising new projects. Here are the most notable highlights from the past week:
The New Token Launch Craze
A series of gaming platforms on $ETH held token generation events (TGE) this week:
• Nifty Island launched token ISLAND with a market cap of 15 million USD.
The New Token Launch Craze
A series of gaming platforms on $ETH held token generation events (TGE) this week:
• Nifty Island launched token ISLAND with a market cap of 15 million USD.
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🔥 SEC FINES TAI MO SHAN FOR MARKET MANIPULATION
In a move aimed at deterring market manipulation in the cryptocurrency space, the SEC has fined Tai Mo Shan, a unit of Jump Trading, $123 million.
Investigations revealed that this company engaged in an opaque "market making" strategy with UST, purchasing a large amount of UST to support its price and receiving Luna tokens at attractive discounts in return.
This behavior clearly violates securities trading regulations and has caused harm to investors.
#SEC #UST #LUNA
In a move aimed at deterring market manipulation in the cryptocurrency space, the SEC has fined Tai Mo Shan, a unit of Jump Trading, $123 million.
Investigations revealed that this company engaged in an opaque "market making" strategy with UST, purchasing a large amount of UST to support its price and receiving Luna tokens at attractive discounts in return.
This behavior clearly violates securities trading regulations and has caused harm to investors.
#SEC #UST #LUNA
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🚀 BREAKING: SEC Starting to Become Pro-Crypto?
There's exciting news from SEC Commissioner Hester Peirce! She just expressed optimism about the future of crypto under new leadership. 💡
She said that with Paul Atkins replacing Gary Gensler as SEC Chair, the opportunity for more crypto-friendly regulations is even greater. In fact, an open dialogue between regulators and industry players is being pursued so that they are not just suspicious of each other. 🤝
"The key is in fair and transparent collaboration," said Peirce.
✨ The target? Clear regulations by the end of 2025 so that innovation is freer without the hassle of unclear rules!
👉 If the SEC really becomes pro-crypto, what impact will it have on all of us? Let's discuss in the comments column! 🔥
#CryptoNews #SEC #CryptoRegulation
There's exciting news from SEC Commissioner Hester Peirce! She just expressed optimism about the future of crypto under new leadership. 💡
She said that with Paul Atkins replacing Gary Gensler as SEC Chair, the opportunity for more crypto-friendly regulations is even greater. In fact, an open dialogue between regulators and industry players is being pursued so that they are not just suspicious of each other. 🤝
"The key is in fair and transparent collaboration," said Peirce.
✨ The target? Clear regulations by the end of 2025 so that innovation is freer without the hassle of unclear rules!
👉 If the SEC really becomes pro-crypto, what impact will it have on all of us? Let's discuss in the comments column! 🔥
#CryptoNews #SEC #CryptoRegulation
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#MarketPullback
#SEC approved combined spot cryptocurrency ETFs from Hashdex and Franklin Templeton
- The SEC has approved two new spot cryptocurrency ETFs.
- These are combined funds from Hashdex and Franklin Templeton.
- They will invest in both Bitcoin and Ethereum.
- The product structure also includes the ability to add new positions.
$BTC $ETH
#SEC approved combined spot cryptocurrency ETFs from Hashdex and Franklin Templeton
- The SEC has approved two new spot cryptocurrency ETFs.
- These are combined funds from Hashdex and Franklin Templeton.
- They will invest in both Bitcoin and Ethereum.
- The product structure also includes the ability to add new positions.
$BTC $ETH
See original
SEC Approves First ETFs Combining Bitcoin and Ethereum
The U.S. Securities and Exchange Commission (SEC) has just approved the first two ETF funds combining Bitcoin and Ethereum after multiple extensions of review since June this year. This is a significant advance for the cryptocurrency financial market as these exchange-traded funds offer diversification within a single product.
Approval Details:
Approved ETF Funds:
Hashdex Nasdaq Crypto Index US ETF on the Nasdaq.
Approval Details:
Approved ETF Funds:
Hashdex Nasdaq Crypto Index US ETF on the Nasdaq.
See original
Gensler's "Last Struggle"? Internal SEC Struggles Ignite Regulatory Focus!
Former SEC Internet Enforcement Office Chief John Reed Stark has directly fired shots, accusing current Chairman Gary Gensler of secretly maneuvering to ensure long-term influence over the SEC after his departure by "promoting five enforcement officials." Among them, four high-ranking officials are experienced in the cryptocurrency field, essentially forming a tailor-made "iron team" for cryptocurrency regulation.
Stark condemned this move as "unprecedented," shocking not only procedurally but also because these promotions involve career civil servant positions, which the new government has almost no power to replace, essentially serving as a "regulatory lock-up." Even more bizarrely, these promotions were conducted quietly, with no press releases, no public statements, only an internal order.
What lies behind this is either "early layout for a regulatory marathon" or "a departure foreshadowing power manipulation"? On one hand, Gensler's iron-fisted attitude toward the cryptocurrency sector is well-known, and this arrangement may be a preventive measure against industry backlash; on the other hand, it brings new uncertainties to the crypto market: will the future SEC be more aggressive?
This is a contest of power and market, as well as an unprecedented regulatory game. For market participants, regardless of the outcome, the wave has already been pushed to its peak.
Understanding market rhythms is the beginning of wealth control! Stay close to Old Tan, layout in advance, and let the next peak belong to your account! Follow Old Tan, and never let opportunities slip away!
#加密市场盘整 #市场调整後的机会？ #美联储放鹰 #SEC #BTC $BTC $ETH $SOL
Former SEC Internet Enforcement Office Chief John Reed Stark has directly fired shots, accusing current Chairman Gary Gensler of secretly maneuvering to ensure long-term influence over the SEC after his departure by "promoting five enforcement officials." Among them, four high-ranking officials are experienced in the cryptocurrency field, essentially forming a tailor-made "iron team" for cryptocurrency regulation.
Stark condemned this move as "unprecedented," shocking not only procedurally but also because these promotions involve career civil servant positions, which the new government has almost no power to replace, essentially serving as a "regulatory lock-up." Even more bizarrely, these promotions were conducted quietly, with no press releases, no public statements, only an internal order.
What lies behind this is either "early layout for a regulatory marathon" or "a departure foreshadowing power manipulation"? On one hand, Gensler's iron-fisted attitude toward the cryptocurrency sector is well-known, and this arrangement may be a preventive measure against industry backlash; on the other hand, it brings new uncertainties to the crypto market: will the future SEC be more aggressive?
This is a contest of power and market, as well as an unprecedented regulatory game. For market participants, regardless of the outcome, the wave has already been pushed to its peak.
Understanding market rhythms is the beginning of wealth control! Stay close to Old Tan, layout in advance, and let the next peak belong to your account! Follow Old Tan, and never let opportunities slip away!
#加密市场盘整 #市场调整後的机会？ #美联储放鹰 #SEC #BTC $BTC $ETH $SOL
🚨 Pro-Crypto Signals from the SEC?
#SEC Commissioner Hester Peirce, aka "Crypto Mom," hints at potential pro-crypto regulatory changes. In an interview with Coinage, Peirce discussed:
✅ Revisiting in-kind redemptions for Bitcoin & Ethereum ETFs
✅ Allowing ETF issuers to incorporate staking services
A potential turning point for U.S. crypto policy?Broader adoption depends on consensus within the SEC, which remains cautious under Chair Gary Gensler.
#SEC Commissioner Hester Peirce, aka "Crypto Mom," hints at potential pro-crypto regulatory changes. In an interview with Coinage, Peirce discussed:
✅ Revisiting in-kind redemptions for Bitcoin & Ethereum ETFs
✅ Allowing ETF issuers to incorporate staking services
A potential turning point for U.S. crypto policy?Broader adoption depends on consensus within the SEC, which remains cautious under Chair Gary Gensler.
SEC Approves Hybrid Bitcoin and Ethereum ETFs: A Game-Changer for the Crypto Market
The SEC has given the green light to the first-ever hybrid #ETFs✅ combining Bitcoin and Ethereum. This decision marks a significant milestone for the cryptocurrency industry, blending two of the most prominent digital assets into a single investment product.
Why Does It Matter?
1. Institutional Attraction
Hybrid ETFs simplify access to #Bitcoin❗ coin and #Ethereum✅ for institutional investors. By combining the two leading cryptocurrencies, the product offers a more diversified option for hedge funds and large-scale investors.
2. Market Maturity
The SEC’s approval signals increasing legitimacy for the crypto market. It could inspire similar regulatory moves in other countries, fostering global adoption.
3. Price Momentum
$BTC price already surged to $98,000 following the news. With rising interest, new all-time highs for both Bitcoin and Ethereum may be just around the corner.
Risks to Watch
Increased Scrutiny: Higher transparency requirements could intensify regulatory pressure on crypto companies.Market Volatility: Competition among ETF issuers (such as Hashdex and Franklin Templeton) might trigger fluctuations in the market.
Conclusion
The #SEC ’s approval of hybrid Bitcoin-Ethereum ETFs is a landmark event for the crypto industry. It opens the door for institutional capital to flow into the market while emphasizing the need for regulatory compliance. As the market evolves, this decision is likely to set the tone for the next wave of crypto adoption.
Why Does It Matter?
1. Institutional Attraction
Hybrid ETFs simplify access to #Bitcoin❗ coin and #Ethereum✅ for institutional investors. By combining the two leading cryptocurrencies, the product offers a more diversified option for hedge funds and large-scale investors.
2. Market Maturity
The SEC’s approval signals increasing legitimacy for the crypto market. It could inspire similar regulatory moves in other countries, fostering global adoption.
3. Price Momentum
$BTC price already surged to $98,000 following the news. With rising interest, new all-time highs for both Bitcoin and Ethereum may be just around the corner.
Risks to Watch
Increased Scrutiny: Higher transparency requirements could intensify regulatory pressure on crypto companies.Market Volatility: Competition among ETF issuers (such as Hashdex and Franklin Templeton) might trigger fluctuations in the market.
Conclusion
The #SEC ’s approval of hybrid Bitcoin-Ethereum ETFs is a landmark event for the crypto industry. It opens the door for institutional capital to flow into the market while emphasizing the need for regulatory compliance. As the market evolves, this decision is likely to set the tone for the next wave of crypto adoption.
"Breaking: Franklin Templeton and Hashdex Dual Bitcoin-Ethereum ETFs Now Approved by SEC"
#SEC expands institutional access to Bitcoin and Ethereum by approving two crypto index ETFs holding both assets.
Read more on: https://thecryptobasic.com/2024/12/20/sec-approves-franklin-templeton-and-hashdex-dual-bitcoin-ethereum-index-etfs/
#Cryptonews
Read more on: https://thecryptobasic.com/2024/12/20/sec-approves-franklin-templeton-and-hashdex-dual-bitcoin-ethereum-index-etfs/
#Cryptonews