China News Today TheBitTimes.com

The Securities and Exchange Commission (SEC) is delaying a decision on Grayscale, 21Shares, Bitwise and Canary’s Ripple XRP ETF applications. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the regulator said on Tuesday. The decision is a step back for the crypto community, which was looking for the monumental approval of the first XRP ETFs. These four applications are the only ones that have been delayed thus far, but more may come in the coming hours. Additionally, the regulator has already made several decisions in support of crypto, including dropping investigations into several top exchanges. However, the SEC needs more time to consider the launch of a new XRP ETF. Grayscale, the leading crypto asset manager, originally filed to convert its XRP trust into an ETF in late January. The proposal w...

Crypto exchange platform Binance.US faces ongoing challenges intensified by regulatory scrutiny, especially in Florida and Alaska, where its operations have been suspended. Alaska and Florida regulators deliver blows to Binance.US The Florida Office of Financial Regulation recently decided against Binance. US, known as BAM Trading under section 120.60(6) of the Florida statutes. This permits immediate suspension in case an operation is threatening public health, safety or welfare. The suspension seeks to protect the public’s interests as a result of findings that BAM Trading works posed an immediate danger. Binance.US has experienced challenges with regulatory issues in Alaska, as its banking division rejected license renewal for reasons not known yet.  These actions underscore the regulator s’ increasing scrutiny and commitment to enforcing compliance within the U.S. cryptocurrency market. The regulatory hurdles in Alaska and Florida are part of a broader crackdown on Bin...