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- 2024-07-01
2024-07-01
Fernando Fierro
July 01, 2024
Howdy folks,
🚨⚖️ In a significant legal development, a U.S. judge ruled that the SEC can pursue most of its claims against Binance, including allegations of offering unregistered securities and anti-fraud violations. Former CEO Changpeng Zhao, “CZ,” will also face charges as a “control person.”
However, the judge dismissed several key SEC arguments, potentially weakening the regulatory body’s stance. This July hearing will be crucial for the future of cryptocurrency regulation in the U.S.
In other news:
📉📊 Bitcoin’s weekend trading volumes have hit record lows in 2024, with only 16% of trading now occurring on weekends, down from 28%. The decline is attributed to the launch of spot ETFs and the closure of crypto-friendly banks.
July promises volatility with potential Ethereum ETF approvals and major token unlocks, which could impact Bitcoin significantly.
📃⌛ The SEC has returned Ethereum ETF issuers’ S-1 forms, delaying the anticipated early July launch. The regulator’s comments have set back the timeline, though experts remain hopeful for approval after July 8.
This delay underscores the ongoing regulatory challenges in the crypto space.
🚀📈 The race for the first US-listed Solana ETF heats up as 21Shares files for SEC approval, following VanEck’s recent filing. The approval process depends on how regulators classify Solana, but the interest highlights growing institutional confidence in the cryptocurrency’s future.
An approved Solana ETF could significantly boost its adoption and accessibility.
DailyCoin Daily Meme
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