Cointime

Download App
iOS & Android

Clock Starts for SEC Review of Spot-Bitcoin ETF Applications After All Eight Applicants Listed on Federal Register

The countdown for SEC approval of spot-bitcoin ETF applications has officially begun as all eight applicants have been listed on the Federal Register. The clock starts ticking on the review process once filings are published in the register, which occurred on Tuesday.

The eight applicants include BlackRock's iShares ETF, Bitwise's Bitcoin ETP Trust, and six others filed on the Chicago Board Options Exchange. While there is no guarantee of approval, the filing by BlackRock has increased speculation that permission is more likely.

Comments

All Comments

Recommended for you

  • South Korea’s Monetary Authority: Confirmed to include token delisting standards in the Virtual Asset User Protection Act

    The Financial Supervisory Service (FSS) of South Korea has confirmed that token delisting standards will be included in the "Best Practice for Compliance with the Virtual Asset User Protection Act" released in early June. An official from the Financial Supervisory Service stated in a conversation with Bloomberg on Tuesday that the upcoming "Best Practices for Compliance with the Virtual Asset User Protection Act" will not only include listing standards for virtual assets, but also provide guidance on whether to maintain trading of listed virtual assets. The guidance will provide a basis for cryptocurrency issuers to delist in the event of problems. The guidance will be released from the end of May to early June. Currently, the Financial Supervisory Service is developing guidelines to support self-regulation by cryptocurrency exchanges under the Virtual Asset User Protection Act before it is implemented in July. The plan proposes standards for virtual asset issuance, circulation, and trading support, prohibits the listing of virtual assets with a history of hacking attacks, and requires the release of Korean white papers and technical manuals when listing overseas virtual assets.
  • US court orders seizure of 279 virtual currency accounts containing criminal proceeds from North Korean hacking

    A US court has ordered the confiscation of 279 virtual currency accounts containing proceeds from North Korean hacker crimes. US District Court Judge Timothy Kelly in Washington, DC approved the federal prosecutor's request for a summary judgment on these accounts and ordered their confiscation on May 8. This ruling means that these accounts are now under the control of the US Department of Treasury.
  • South Korea’s National Tax Service announced that it would collect 40 billion won in taxes from Bithumb users

    Bithumb has issued a preliminary notice of comprehensive income tax to some users who participated in activities held between 2018 and 2021, and announced full support for the related tax amount. The position of the National Tax Service is that rewards paid to users through various activities (including virtual assets) constitute taxable income. Bithumb does not agree with the National Tax Service's opinion, but explains that taxation is mandatory.
  • US House of Representatives passes SAB 121 crypto rule overturning SEC

    The US House of Representatives has passed H.J. Res. 109, a resolution aimed at overturning the Securities and Exchange Commission's SAB 121 regulation on digital assets. The resolution aims to reduce regulatory burden and promote regulated banks to safely hold digital assets. However, the White House supports the SEC and has threatened to veto the resolution, emphasizing that if the President receives H.J. Res. 109, he will veto it.
  • Canada's anti-money laundering regulator fines Binance $4.4 million

    Binance Holdings Ltd, a cryptocurrency exchange, has been fined CAD 6 million (approximately USD 4.4 million) by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating anti-money laundering regulations. The report states that Binance was penalized for failing to register as a foreign money services business and for not reporting virtual currency transactions exceeding CAD 10,000. The fine was issued on Tuesday of this week, and the Canadian regulatory agency announced the news to the public on Thursday.
  • Multidimensional gas pricing

    In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:
  • AMA: AO and Artificial Intelligence

    The article is divided into two sections: the main dialogue between the host and Sam, and the Q&A session where community users ask questions about AO.
  • $HALO,World!

    Everything you want to know about the $HALO token
  • Exploring Core Chain and Its Core Competency

    This report examines Core Chain’s pivotal role in enhancing Bitcoin’s functionality, focusing on the core competencies of the Satoshi Plus Consensus mechanism, non-custodial BTC staking, and EVM compatibility.
  • Taiwan's administrative agency passed four new anti-fraud laws to bring cryptocurrency traders under control

    It was announced that Taiwan's administrative management agency has passed the "New Anti-Fraud Law" to regulate cryptocurrency traders. In the future, businesses or individuals providing virtual asset services or third-party payment services must complete anti-money laundering measures and register their services or log in. Failure to do so may result in a maximum of 2 years in prison or a fine of up to NT$5 million. Businesses or individuals outside of Taiwan providing virtual asset or third-party payment services must register their companies or branches according to company law and complete anti-money laundering measures and service registration or login. Otherwise, they are not allowed to provide virtual asset services or third-party payment services in Taiwan. Qiu Shuzhen, the deputy chairman of Taiwan's financial regulatory agency, stated that there are currently around 60 to 70 cryptocurrency traders in the market, of which 25 have passed the anti-money laundering review by the financial regulatory agency. In the future, all traders will be required to declare and undergo review, and a cryptocurrency traders' association will be established for legal, administrative, and association management. Accounting professionals will also be enlisted to assist with internal control.