SEC delays decision on Polkadot ETF
The SEC has postponed its decision on a proposed exchange-traded fund (ETF) that would hold Polkadot’s native token, according to recent regulatory filings. A filing dated April 24 reveals that the SEC has extended its deadline for making a final ruling until June 11. This delay comes almost four months after Nasdaq initially sought approval […]
New SEC Chair Paul Atkins Signals Regulatory Shift, Igniting Crypto Optimism
The crypto world is buzzing with renewed optimism following Paul Atkins’ appointment as the new head of the U.S. Securities and Exchange Commission on April 21. Known for his deregulatory leanings from his previous tenure as SEC commissioner, Atkins steps in to replace Gary Gensler, whose aggressive approach toward the crypto sector had sparked years […]
Federal Reserve Rolls Back Crypto-Restrictive Guidance
The U.S. Federal Reserve has officially withdrawn previous guidelines that discouraged banks from participating in cryptocurrency and stablecoin-related activities. In a statement issued on April 24, the Fed announced it is rescinding a 2022 supervisory letter that had required state-chartered member banks to notify the central bank before getting involved with crypto assets. From now […]