Law & Policy

What happened in the crypto industry last week (June 17-23)?

1/ Consensys requested clarifications from the SEC regarding the investigation into Ethereum following the approval of spot ETFs based on the asset. The SEC responded that it has completely closed the investigation and does not intend to recommend enforcement actions. Full report here:

What happened in the crypto industry last week (June 17-23)?

1/ Consensys requested clarifications from the SEC regarding the investigation into Ethereum following the approval of spot ETFs based on the asset. The SEC responded that it has completely closed the investigation and does not intend to recommend enforcement actions. Full report here: https://assets.ctfassets.net/gjyjx7gst9lo/6BtUdxsw1vlatBjIspkJN9/792adab194b9ac71c1eeeded42b01615/Termination_Notice_K._Schwartz_6.18.24.pdf

2/ Despite the SEC's decision to terminate the investigation into Ethereum, Consensys intends to continue its legal battle against the regulator. More details:

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3/ Rumors are spreading that the CFTC is investigating Jump Trading's activities. Unconfirmed reports suggest that the case involves the cryptocurrency division of the brokerage firm. Previously, the company was accused of "pumping" the UST exchange rate and illegal enrichment. More information: https://fortune.com/crypto/2024/06/20/cftc-jump-crypto-behnam-kanav-kariya-sec/ and

3/ Rumors are spreading that the CFTC is investigating Jump Trading's activities. Unconfirmed reports suggest that the case involves the cryptocurrency division of the brokerage firm. Previously, the company was accused of "pumping" the UST exchange rate and illegal enrichment. More information: https://fortune.com/crypto/2024/06/20/cftc-jump-crypto-behnam-kanav-kariya-sec/ and https://ru.scribd.com/document/644577737/Taewoo-Kim-et-al-v-Jump-Trading#

4/ 3iQ filed an application to launch the first Solana-ETF in Canada. If approved, it will be the first investment product of its kind in North America. More details:

4/ 3iQ filed an application to launch the first Solana-ETF in Canada. If approved, it will be the first investment product of its kind in North America. More details: https://x.com/JSeyff/status/1803884787813486892

5/ The crypto exchange Uphold will cease supporting USDT as of July 1, 2024, in accordance with MiCA regulations. Announcement here: https://x.com/AntonyWelfare/status/1802790828991021286

6/ Spot Ethereum-ETF issuers submitted amended Form S-1 filings. If the SEC raises no new objections, trading may begin as early as July 2. Full story:

6/ Spot Ethereum-ETF issuers submitted amended Form S-1 filings. If the SEC raises no new objections, trading may begin as early as July 2. Full story: https://www.theblock.co/post/301320/spot-ethereum-etf-issuers-post-fee-and-seed-investment-disclosures-in-latest-wave-of-amended-filings

2/ Despite the SEC's decision to terminate the investigation into Ethereum, Consensys intends to continue its legal battle against the regulator. More details: https://x.com/EleanorTerrett/status/1803579075359023421