Category: Law of the Chain

The SEC approved Bitwise’s 10 Crypto Index Fund conversion to an ETF, offering exposure to Bitcoin, Ethereum, XRP, Solana, and six other major cryptocurrencies, signaling regulatory acceptance.

The DOJ closed its investigation into Kraken founder Jesse Powell, finding no wrongdoing in a nonprofit dispute. Verge Center board members allegedly withheld key communications during civil proceedings.

Cboe filed amendments for five crypto ETFs to enable in-kind redemptions, signaling SEC collaboration. This structural change benefits authorized participants, improving tax efficiency and market liquidity.

The GENIUS Act’s passage is expected to boost RWA tokenization, with stablecoins playing a key role. Aptos exec Solomon Tesfaye highlights regulatory support as a catalyst for institutional adoption and sector growth.

Citadel Securities advises the SEC to proceed carefully with tokenized securities, warning of market disruption and risks to institutional investors. They recommend structured rulemaking over informal guidance.

SEC Chair Paul Atkins expressed bullish views on Bitcoin and crypto, affirming regulatory support and stating Ethereum is not a security. The GENIUS Act is seen as beneficial for Ethereum.

Roman Storm’s defense team considers filing for a mistrial after failing to trace witness funds to Tornado Cash, potentially dismissing or retrying the case.

Senate Republicans propose new crypto rules expanding the CLARITY Act, defining ancillary assets and Regulation DA to exempt certain token sales from SEC registration, seeking public feedback.

A fake resignation letter attributed to Fed Chair Jerome Powell circulated online, sparking rumors. The letter, shared by US Senator Mike Lee, was quickly debunked due to formatting errors and inconsistencies.

The U.S. Senate introduced a draft bill to regulate digital assets, classifying most tokens as commodities but applying securities laws if profits depend on managerial efforts.