News
(Traders Magazine)
When we think about the Basel III implications, we are concerned about the implications for our underlying clients, said Michael Winnike, Director, Market Structure, BlackRock. Speaking at the SIFMA’s Basel III Endgame Roundtable on April 18, Winnike highlighted two categories of issues.
(The Block)
The U.S. Securities and Exchange Commission is delaying making decisions on the next steps for two proposed spot Ethereum exchange-traded funds proposed by Grayscale and Franklin Templeton. The agency pushed its timeline to decide to June 11, 2024 for the Franklin Ethereum ETF after which the SEC could approve or disapprove or institute proceedings, the SEC said in a filing on Tuesday.
(CoinDesk)
The SEC adopted a broadened “dealer” definition that might capture crypto traders, the Blockchain Association and Crypto Freedom Alliance of Texas alleged.
(Bloomberg)($)
Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. Michael Welsh and Joseph Watkins stepped down this month after an SEC official told them that they would be terminated if they stayed, according to people familiar with the matter. The pair were lead attorneys on a case against Digital Licensing Inc., a crypto platform known as DEBT Box.
(The Block)
A newly introduced bill in the Senate would be beneficial to stablecoin issuers, according to a note from investment bank TD Cowen. The Lummis-Gillibrand Payment Stablecoin Act, introduced last week by Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., would create “clear rules of the road,” the bank said in a note on Monday.
More News
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Industry calls for major rethink of Basel III rules
(Risk.net)($)
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Regulatory Round-up April
(Best Execution)
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FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
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SEC Fines 16 Firms in Latest WhatsApp Probe Penalties
(Bloomberg)($)
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ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
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Tag, not it! First mover hesitancy for research rebundling
(Best Execution)
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FDIC Chief Says US Ready If Big Wall Street Bank Ever Failed
(Bloomberg)($)
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SEC delays decision on spot bitcoin ETF options
(The Block)
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Hidden Road ready for rush hour after FCM approval
(Risk.net)($)
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SEC Wins Trial in Novel ‘Shadow’ Insider Trading Crackdown
(Bloomberg)($)
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Senvest Management hit with $6.5m recordkeeping fine
(Best Execution)
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The Derivatives Service Bureau calls for industry input on OTC Derivative Identifier Services
(The Derivatives Service Bureau)
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Feature: FTX’s Original Sin Is a Warning to All of Crypto
(Bloomberg)($)
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Bitwise files for a spot ether ETF
(Blockworks)
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SBF Is Going to Prison for 25 Years
(CoinDesk)
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How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
(New York Times)($)
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House Republicans seek answers from SEC on non-security digital assets
(Financial Regulation News)
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