Cryptocurrency

US securities regulator urges against crypto bill adoption May 22, 2024 10:58AM

(Reuters) - The U.S. securities regulator on Wednesday urged U.S. lawmakers not to adopt a bill that aims to create a new legal framework for digital currencies, saying it would undermine existing legal precedent and put capital markets at "immeasurable risk."

The U.S. House of Representatives is expected later on Wednesday to take up the Republican-sponsored Financial Innovation and Technology for the 21st Century Act, which would in part determine... (continue reading...)

Political tide is turning positive for crypto, seen as a 'significant catalyst' for Coinbase (COIN) May 22, 2024 10:48AM

Analysts at JMP Securities believe political tides appear to be shifting for digital assets, which, if sustained, will represent a significant catalyst for Coinbase (NASDAQ: COIN) and others.

In a note to clients Wednesday, the investment firm reiterated a Market Outperform rating and $320 price target on Coinbase shares, with the target reflecting an ~11x EV/revenue multiple on JMP's 2025E revenue expectation.

"Over the past week, several notable events have developed... (continue reading...)

US SEC asks exchanges to fine-tune ether ETF filings in positive sign for approval, say sources May 21, 2024 08:46AM

By Suzanne McGee and Hannah Lang

(Reuters) -The U.S. securities regulator on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, multiple people familiar with the process told Reuters.

Securities and Exchange Commission officials asked the exchanges to submit their revisions by the end of Tuesday, two of those sources... (continue reading...)

US SEC on Monday Asked Nasdaq, CBOE to Tweak Spot Ether ETF Filings - Reuters May 21, 2024 08:26AM (Updated - May 21, 2024 8:26 AM EDT)

US SEC on Monday Asked Nasdaq, CBOE to Tweak Spot Ether ETF Filings - Reuters

• The request may signal regulators are poised to approve filings.

Cryptocurrencies gain as investors turn optimistic on ether ETFs May 21, 2024 05:45AM

LONDON (Reuters) - Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about the outcome of applications for U.S. spot exchange-traded funds that track the world's second-biggest cryptocurrency, while bitcoin also approached a record high.

Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Monday.

Top... (continue reading...)