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SEC delays Ether ETFs, Binance settlement approved and another court loss for SBF: Hodler’s Digest, Dec. 17-23

Press Releases Crypto News Cointelegraph SEC delays Ether ETFs, Binance settlement approved and another court loss for SBF: Hodler’s Digest, Dec. 17-23

SEC delays several Ethereum ETFs, pushing final decision to May

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on several Ethereum exchange-traded funds (ETFs) to May 2024. The agency said it was instituting proceedings that involve gathering further public input around whether or not the ETFs should be listed. The decision affects proposals from Hashdex, Grayscale, VanEck, ARK Invest and 21Shares. Despite the SEC having approved Ethereum futures ETFs in the past, the agency has yet to approve a spot or mixed-type product. A final decision is expected in May 2024.

US court approves settlement against Binance, firm to pay $2.7B to CFTC

A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC). The agency sued the executive and his exchange on March 27 for evading federal law and operating an illegal derivatives exchange. The approved settlement marks the conclusion of a long-running case against CZ and Binance by the CFTC. CZ agreed to step down from his role at the helm of Binance as part of a wider settlement with the U.S. Department of Justice, the Treasury Department and the CFTC.

Judge denies SBF request for delays on eve of sentencing interview

Judge Lewis Kaplan has denied former FTX CEO Sam Bankman-Fried’s request for a four- to six-week adjournment of his sentencing hearing. The request was made on Dec. 20 and would have d

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Author: Editorial Staff

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