Bitwise Joins Mounting Race for Solana ETF
Crypto-investments firm Bitwise took a big jump Thursday toward offering a Solana exchange traded fund (ETF) in the United States.
Regulations
U.S. SEC Loses Crypto Lawsuit Over ‘Dealer’ Definition That Pushed Into Crypto
A Texas federal court has rejected the U.S. Securities and Exchange Commission’s recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary Gensler on the same day he announced his January departure.
SEC Distributes $4.6M to BitClave Investors
Some investors in defunct crypto startup BitClave will soon get their money back, plus interest, according to a Wednesday announcement from the U.S. Securities and Exchange Commission (SEC).
Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says
The broker raised its price target on the trading platform’s stock to $51 from $30.
Trump Said to Consider Crypto Lawyer Teresa Goody Guillén to Lead SEC
Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the candidates president-elect Donald Trump is considering to lead the agency, people familiar with the situation said.
Crypto Exchange Gemini Starts Up in France With EU’s MiCA Laws Weeks From Kicking In
Companies registered in EU nations by year-end will be able to operate in those countries while they secure licenses under MiCA regulations that take effect at the end of the year.
California Judge Puts the Kibosh on Kraken’s Interlocutory Appeal Attempt
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange.
Bitfinex Hack Launderer Heather ‘Razzlekhan’ Morgan Sentenced to 18 Months in Prison
Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack led by husband Ilya “Dutch” Lichtenstein, has been sentenced to 18 months in prison in the incident that drained almost 120,000 bitcoin from the exchange.
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing.
What Does Trump’s Win Mean for Crypto?
Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector.