Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commission (SEC) on July 1. Bloomberg ETF analyst James Seyffart said in a social media post on July 2 that the stay blocks the conversion “for now” […]
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The SEC's delay highlights regulatory caution, potentially impacting the timeline for broader crypto ETF adoption and market integration.
The post SEC delays Grayscale’s large-cap crypto ETF launch despite approval order appeared first on Crypto Briefing.
Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new […]
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Ripple's banking license bid signals a potential shift towards deeper integration of crypto into mainstream finance amid evolving regulations.
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The SEC put a pause on converting the Grayscale Digital Large Cap Fund LLC a day after agency staff greenlit the fund to begin trading.
The situation highlights the risks of secondary market investments and underscores the need for stringent regulatory oversight to protect investors.
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A trade association is urging the SEC to deny companies the opportunity to offer tokenized equities through specific exemptive relief.
The applications for national banking licenses keep rolling in, with the latest being Ripple, according to The Wall Street Journal.
Arizona Governor Katie Hobbs has vetoed a proposed law establishing a state-run Bitcoin and digital assets reserve fund. On July 1, Governor Hobbs informed House Speaker Steve Montenegro in a letter that she opposed House Bill 2324, which sought to establish a “Digital Assets Reserve Fund” funded by criminal asset forfeiture. In her veto letter, […]
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The veto highlights ongoing tensions between state innovation in digital finance and traditional law enforcement funding priorities.
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A bulletproof hosting service provides servers that bypass law enforcement and cybersecurity organizations.
Arizona Governor Katie Hobbs vetoed HB 2324, which proposed establishing the Bitcoin and Digital Assets Reserve Fund to manage seized crypto.
The Securities and Exchange Commission (SEC) is working with US exchanges on a generic listing framework for token-based exchange-traded funds (ETFs) that could eliminate the need for issuers to file individual rule-change requests, Fox News’ Eleanor Terret reported on July 1. According to the report, the initiative would enable an ETF sponsor to bypass the customary […]
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The Securities and Exchange Commission (SEC) has approved the proposal to convert the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), completing the conversion of the crypto index product into an ETF structure. According to a July 1 filing, the ETF will issue trust units that track a basket of the five largest […]
The post SEC approves Grayscale Index ETF conversion, clears Solana, XRP, Cardano for spot trading appeared first on CryptoSlate.
The SEC's approval signals growing acceptance of crypto assets in traditional finance, potentially boosting market legitimacy and investor access.
The post SEC approves Grayscale’s proposal to convert BTC, ETH, XRP, ADA large-cap fund into a spot ETF appeared first on Crypto Briefing.
Bills to regulate stablecoins working their way through Washington put Americans at risk, said New York Attorney General Letitia James.
Streamlining crypto ETF approvals could accelerate market growth, enhance investor access, and influence global regulatory approaches.
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The launch of leveraged crypto ETFs could increase market volatility and attract both speculative interest and regulatory scrutiny.
The post Tuttle Capital targets July 16 to launch 10 leveraged crypto ETFs, including XRP, BNB, TRUMP, and more appeared first on Crypto Briefing.
The SEC approved on an "accelerated basis" an exchange-traded fund that looks to convert the Grayscale Digital Large Cap Fund LLC.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A cryptocurrency tax provision that would have scored big for advocates ultimately didn't make it into the "big, beautiful bill."
Connecticut's crypto ban may limit innovation in digital finance, contrasting with states exploring crypto reserves, impacting future tech adoption.
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Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s focus toward a private, bank-led stablecoin initiative. The Bank of Korea (BOK) halted its “Project Han River,” following mounting pressure from commercial banking partners who cited prohibitive costs and the absence of a viable […]
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Deutsche Bank's custody project follows a growing institutional shift toward digital assets, driven by clearer EU rules under MiCA.
Bitwise reiterated its call for BTC to hit $200,000 by the end of 2025, but is not so sure new highs for ETH and SOL are on the cards.
Circle applied to charter First National Digital Currency Bank to become a federally regulated trust that would manage USDC reserves and expand custody services for institutional clients. According to a June 30 announcement, Circle applied to the Office of the Comptroller of the Currency (OCC), seeking authority to operate as a national trust bank subject […]
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Circle seeks a trust bank license to directly manage USDC reserves and offer custody for tokenized stocks and bonds onchain.
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Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction. Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of […]
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Circle has applied for a national banking license, according to Reuters. which would enable it to act as a custodian for its own reserves.
Approval could set a precedent for broader crypto ETF adoption, potentially transforming investment landscapes and regulatory approaches.
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