Court Dismisses SEC Claim on Secondary Sales of BNB
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Court Dismisses SEC Claim on Secondary Sales of BNB

The U.S. District Court for the District of Columbia has dismissed several claims in the U.S. Securities and Exchange Commission (SEC)’s case against Binance and its affiliates. This includes allegations related to secondary BNB sales and the sale of the stablecoin BUSD. However, the majority of the claims against the crypto exchange will proceed. Some […] Source: https://news.bitcoin.com/court-dismisses-sec-claim-on-secondary-sales-of-bnb/

SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations
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SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations

The U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue burden. SEC Seeks to Quash Coinbase Subpoena in […] Source: https://news.bitcoin.com/sec-asks-court-to-quash-coinbase-subpoena-in-legal-clash-over-crypto-regulations/

Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President
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Spot Ether ETF Approval Expected to Enhance Crypto Asset’s Legitimacy and Utility, Says Hedera Council President

While lobbying is likely to play an important role in shaping crypto policy, just as it has done in the early days of most industries, Charles Adkins, President of the Hedera Council, believes showcasing the tangible benefits of blockchain technology is a far more sustainable approach. Therefore, instead of relying solely on lobbying efforts or […] Source: https://news.bitcoin.com/spot-ether-etf-approval-expected-to-enhance-crypto-assets-legitimacy-and-utility-says-hedera-council-president/

Firm Behind Pudgy Penguin NFTs Acquires Frame to Build Abstractchain for Consumer Crypto
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Firm Behind Pudgy Penguin NFTs Acquires Frame to Build Abstractchain for Consumer Crypto

Igloo Inc., the team behind the Pudgy Penguins non-fungible tokens (NFTs) has announced the acquisition of Frame, aiming to enhance the consumer crypto experience by developing Abstractchain. This move is expected to address limitations in current layer two (L2) solutions and expand cultural and community-driven crypto adoption. Igloo Expands Crypto Infrastructure With Frame Acquisition Igloo […] Source: https://news.bitcoin.com/firm-behind-pudgy-penguin-nfts-acquires-frame-to-build-abstractchain-for-consumer-crypto/

Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry
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Supreme Court’s Chevron Ruling Seen as ‘a Game Changer’ for Crypto Industry

The U.S. Supreme Court has struck down Chevron deference, a doctrine that allowed federal agencies broad discretion in interpreting ambiguous statutes. This decision is seen as a pivotal shift towards greater regulatory clarity and judicial oversight, especially impacting the digital assets sector. Supreme Court Overturns Chevron Deference, Paving Way for Regulatory Clarity in Digital Assets […] Source: https://news.bitcoin.com/supreme-courts-chevron-ruling-seen-as-a-game-changer-for-crypto-industry/

Blackrock’s IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow
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Blackrock’s IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow

Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.05 million […] Source: https://news.bitcoin.com/blackrocks-ibit-leads-as-spot-bitcoin-etfs-see-73m-in-daily-net-inflow/