The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry. The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration. The withdrawn proposals were introduced between March […]
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The joint motion seeks to end all pending appeals and avoid further legal proceedings between the two parties.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
In a major shift, the U.S. SEC has rolled back several proposals introduced during Gary Gensler’s tenure. Among the withdrawn rules are the controversial expanded Custody Rule, the DeFi-targeted Rule 3b-16, and stricter ESG reporting mandates. These changes signal a softer regulatory stance as pressure mounts for clearer, more balanced crypto oversight. The move has …
The proposals were made under former Chair Gary Gensler, who led the agency's 'regulation by enforcement' approach.
Ripple and the SEC are trying again to divvy up millions of dollars in fines, following a judge's rejection last month.
DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a must for any firm raising capital through public offerings. Without it, the commission won’t even consider your request. DeFi Development filed in late April 2025 but overlooked this step, a basic requirement in US securities law. DeFi Development (formerly Janover) has withdrawn its $1 billion Form S-3 registration after the SEC deemed it ineligible due to missing a required internal controls report in its Form 10-K. No securities were issued, and part of the proceeds had been intended for purchasing… — Wu Blockchain (@WuBlockchain) June 11, 2025 Plan To Buy Solana Based on reports, the company aimed to use the funds to buy Solana tokens. Solana ranks as the sixth-largest cryptocurrency by market cap. The filing showed some of the $1 billion would go toward staking rewards and token purchases. Staking can earn regular returns, but only if SOL holds or gains value. Putting such a large stake into one chain carries risks if market prices dip. Withdrawal And Next Steps DeFi Development confirmed that no securities were issued during this process. It said it plans to refile once the controls report is in place. A quick resubmission—perhaps within 30 or 45 days—would signal they were almost ready. Investors will watch whether the company brings in an experienced underwriter or auditor to prevent another slip. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Market Reaction Some traders had hoped the influx of a billion dollars in Solana tokens would boost the price. Now that the filing is on hold, those bets may stall. Markets often react when big purchases are delayed. Based on trading patterns, any sudden buy order of hundreds of millions in SOL could swing prices up or down. What Comes Next DeFi Development’s experience highlights that crypto firms must meet the same rules as any other public issuer. Skipping standard checks can derail even the boldest plans. The company’s next move will show how well it can balance its blockchain ambitions with straightforward regulatory steps. For now, the token-buy plan waits in limbo, and everyone from investors to developers will be watching the next filing. Featured image from Reuters, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The head of the Securities and Exchange Commission is turning a new page at the agency in how it views self-custody.
Crypto fund issuers urged the SEC to go back to an approach that allowed ETPs to be approved on a first-come first first-served basis
Gemini filed for an initial public offering on Friday, signaling growing momentum among crypto firms seeking to go public in the U.S.
NYSE Arca has filed for an exchange-traded fund named after President Trump's right-leaning social media platform.
Democratic staffers say they felt like the SEC was "trying to hide the ball," when asked technical questions about a large crypto bill.
The SEC’s 2025 guidance aims to bring clarity and a more structured regulatory framework to the digital asset space.
In-kind redemptions enable investors to redeem their stake in the fund using the underlying asset — bitcoin, in this case — rather than cash.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US Securities and Exchange Commission (SEC) has issued new guidance clarifying that common forms of crypto staking do not fall under securities laws. On May 29, the SEC’s Division of Corporation Finance confirmed that those participating in staking activities, including self-staking, delegated staking, custodial, and non-custodial forms, are not required to register these actions […]
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Canary Capital's filing follows the SEC's confirmation that proof-of-stake staking activities do not constitute securities transactions.
The SEC's latest staff statement addresses crypto staking, though it noted that it was not binding guidance.
The SEC sued Binance in June 2023, but moved to pause the case after Donald Trump retook the Oval Office.
Rebecca Rettig, the chief legal officer at Jito Labs, said this clears the way for crypto ETFs to include staking.
Hester Peirce, the SEC commissioner who leads its crypto task force, argued for lighter-touch oversight in which crypto investors take responsibility for their losses.
The SEC is seeking to dismiss its lawsuit against crypto giant Binance, according to a court document filed on Thursday.
The SEC will still bring enforcement cases against bad actors in crypto, said SEC Commissioner Hester Peirce.
More than 90% of XRP’s supply is currently profitable, even though the token’s price has remained relatively flat for the past three months. Data from on-chain analytics firm Santiment reveals that most of XRP’s circulating supply was acquired at lower price points than its current market value. This level of profitability places XRP ahead of […]
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Ripple has called on the US Securities and Exchange Commission (SEC) to establish clearer standards for determining when a digital asset no longer qualifies as part of an investment contract. The company submitted a detailed letter to the SEC’s Crypto Assets and Cyber Unit on May 27, expanding on a question raised by Commissioner Hester […]
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Circle plans to offer 24 million shares of its Class A common stock at between $24 and $26, according to an updated SEC filing.
Investor optimism for a spot XRP ETF has climbed sharply. Based on Polymarket’s data, the odds of a green light sit at 83%. That figure comes even as the US Securities and Exchange Commission keeps pushing decisions back. Some industry watchers say the regulator simply uses its full review window. Related Reading: Bitcoin To $125K By End Of Q2? Bold Call From Bybit Executive Analyst Predictions And Timeline According to Bloomberg’s James Seyffart, the SEC often takes the full 240 days to weigh 19b-4 filings. He pointed out that the agency asked for an extra 45 days on May 20 to rule on Bitwise’s Ether staking change, moving the deadline to May 22. Based on his posts on X, almost all spot ETF bids now face final due dates in October. That makes any early summer approvals highly unlikely. Spot Versus Futures Products On May 19, the Chicago Mercantile Exchange rolled out an XRP futures contract for the first time. A few days later, Volatility Shares listed the XRPI futures ETF on Nasdaq. Then Tectrium added a 2x Long Daily XRP ETF for those seeking more leverage. These products let traders bet on XRP’s future price in a regulated setting. They are not the same as a spot ETF, but they signal growing interest among big investors. Institutional Access Through ETFs Based on reports, Ripple’s CEO, Brad Garlinghouse, spoke on the company’s podcast about why ETFs matter. He said ETFs let Wall Street buy crypto without wrestling with exchanges or private wallets. He highlighted that the Bitcoin ETF hit $1 billion in assets faster than any other, and then reached $10 billion on record. That track record, he argued, paves the way for similar products tied to XRP. Market Outlook And Caution According to SEC filings and industry chatter, delays are normal. The commission has already postponed decisions on Grayscale’s XRP tracking fund and a Solana ETF. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Analysts warn that odds in prediction markets can shift wildly. An 83% chance today could drop if the SEC raises new questions or requests another comment period. Investors should keep an eye on the calendar as October approaches. Excitement And Patience The buzz around an XRP spot ETF reflects real excitement, but history shows regulators move slowly. Futures ETFs like XRPI offer one path into XRP’s market, yet they come with quirks like contango and premium swings. For now, institutions and retail traders alike will watch the SEC’s deadlines with keen interest—and maybe a bit of patience. Featured image from Gemini Imagen, chart from TradingView
According to an analyst, XRP could jump to $27 within about 60 days if it really does follow the same path it took back in 2017. The market expert points out that the token is acting a lot like it did before, and that has some traders watching closely. The setup is simple: repeat history, hit big targets, cash out along the way. Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K XRP Fractal Moves Mirror 2017 Based on reports, XRP first climbed from $0.0055 in March 2017 to $0.3988 by May of that year. Then it cooled off for roughly six months. In its current run, XRP lagged around $0.50 through most of 2023 and into early 2024. After the US elections in November 2024, it shot up nearly 600%—from $0.50 to $3.40 by January 2025. Now it’s pulled back and is sitting still. That pattern looks a lot like what happened eight years ago. #XRP – Fib Circle & The Surge (1700% in just 60 Days!): If #XRP is repeating the last section or pattern from October 2017, we might be on the brink of a major breakout soon! ???? Back in October 2017, XRP took roughly 63 days to explode and set a new all-time high, skyrocketing… pic.twitter.com/hXJLv6M5Tr — EGRAG CRYPTO (@egragcrypto) May 23, 2025 Fibonacci Levels And Profit Marks Analyst Egrag Crypto pinpoints three clear price zones before the big $27 goal. First is $8.49 (the 1.272 Fib extension). Next sits at $13.79 (1.414 Fib). Finally, if the token truly repeats 2017’s second wave—a 1,772% surge—it would top out near $27. To get there in 60 days is a stretch. But the math lines up if history really does rhyme. Traders are being told to book gains along the way instead of waiting for that final number. Support Lines Hold The Key He also notes that XRP needs to stay above the 21-week exponential moving average. That line is around $2.30 right now. XRP trades at about $2.33, so it’s only just ahead. If price dips under that moving average, the bullish case starts to wobble. A drop below $2.30 could see sellers step in and push it back toward tougher floors, like the $2.00 zone or other support bands from on-chain data. ???? #XRP is about to enter one of the most important moments in its history. Imagine holding 5589 XRP before the market explodes. Let me explain in this ???? why May 19 could change everything ???? pic.twitter.com/fS4GaWXENC — J4b1 (@XRPJ4b1) April 27, 2025 Futures And Volume Signals A fresh wrinkle comes from CME Group’s new XRP futures contracts. They went live in mid-May 2025, and only 1,380 contracts have traded so far—roughly $35.8 million in volume against XRP’s $138 billion market cap. hilarious that only 1,380 contracts of the new XRP futures traded on CME since launching over a week ago 1 contract value is $24k, so only $35.8mm USD market value traded in a week (~$5MM/day)… on a $138bn Market Cap/$233bn FDV token? over half of the volume is probably market… pic.twitter.com/xYavBXnDXO — Gold Mansacks (@Gold_Mansack) May 20, 2025 That’s a tiny fraction, and some say it’s underwhelming. Yet it could be the start of wider institutional flows if volume picks up. Watching that number in the coming weeks may tell us if big players are stepping in. Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Market watchers have doubts about a 1,772% move in two months. Regulators still have Ripple’s legal standing hanging in the air, and broader crypto sentiment can shift fast. Yet others feel that once XRP clears $2.70—that’s the 1.414 Fib level—it will have enough momentum to push past $3.00 and beyond. Based on all this, a move to $27 by July 2025 is not off the table, but it won’t be easy. Featured image from Pexels, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.