The Securities and Exchange Commission (SEC) granted accelerated approval for Bitwise’s 10 Crypto Index ETF on July 22, only to reverse the decision hours later through a stay order. The approved ETF would have tracked ten digital assets, including Bitcoin, Ethereum, XRP, Solana, Cardano, SUI, Avalanche, Litecoin, Polkadot, and others, with at least 85% of…
CoinShares, one of Europe’s leading digital asset managers, has announced its French subsidiary, CoinShares Asset Management, has received authorisation under the Markets in Crypto-Assets (MiCA) Regulation. With this latest approval, CoinShares became the first regulated asset management firm in continental Europe to be authorised under MiCA. The MiCA authorisation adds to CoinShares’ existing regulatory approvals,…
The United States Department of Justice has allegedly dropped its investigation against Kraken founder Jesse Powell, a Tuesday report from Fortune claims. Jesse Powell Vindicated In DOJ Probe, Report Indicates According to the July 22 report, federal agents raided Powell’s home in 2023 stemming from a “management dispute” over the nonprofit Verge Center for the…
The U.S. Senate Banking Committee has introduced a long-awaited draft bill to reshape how digital assets are classified and regulated in the United States. Titled the Responsible Financial Innovation Act of 2025, the draft introduced by Senate Banking Chair Tim Scott (R-SC), alongside Senators Cynthia Lummis (R-WY), Bill Hagerty (R-TN), and Bernie Moreno (R-OH), seeks…