Veröffentlicht am

SEC legt Berufung ein: XRP in Gefahr?

Die US-Börsenaufsichtsbehörde SEC hat offiziell Berufung gegen das Urteil vom Juli 2023 eingelegt, das Ripple Labs teilweise entlastet hatte. Im Fokus der Berufung steht die Frage, ob XRP auch bei Verkäufen an Privatanleger als Wertpapier einzustufen ist.

Veröffentlicht am

Switzerland’s PostFinance AG bank introduces Ethereum staking

  • PostFinance AG launches Ethereum staking, expanding its crypto service offerings.
  • The move aligns with rising global crypto adoption and Switzerland’s crypto-friendly stance.
  • The US political shift under Trump is expected to boost crypto market stability and growth.

In a pioneering move that underscores the growing integration of cryptocurrencies into traditional banking, Switzerland’s state-owned PostFinance AG has launched Ethereum staking services.

This move comes at a time when the global financial landscape is witnessing a significant embrace of digital assets, particularly with expectations of a transformative year for cryptocurrencies in 2025.

PostFinance AG’s forays into crypto

PostFinance AG, already known for its progressive steps in the crypto sector, has taken its commitment a step further by allowing its clients to stake Ethereum, thereby participating in the validation of transactions on the Ethereum blockchain and earning additional tokens.

The Ethereum staking initiative reflects the bank’s strategy to expand its cryptocurrency services, building on its introduction of crypto trading and custody services in the previous year.

By offering staking, PostFinance is not only catering to the growing demand from investors looking for passive income through digital assets but is also setting a precedent for how traditional banking can coexist with the decentralized ethos of blockchain technology.

Leveraging the political shift in the US

This move by PostFinance is particularly timely. With the recent political shifts in the United States, where President-elect Donald Trump is set to begin his second nonconsecutive term, there’s a palpable optimism around regulatory changes that could further legitimize and stabilize the crypto market.

Trump, heralded as the first truly pro-crypto president, is expected to influence a more favourable environment for digital currencies, both domestically and internationally.

Moreover, the enthusiasm for cryptocurrencies within Switzerland itself seems to be on an upward trajectory. This is evidenced by recent proposals suggesting that the Swiss National Bank should consider purchasing and holding Bitcoin as part of its strategic reserves.

Such a policy, if implemented, would mark another significant milestone in the acceptance of cryptocurrencies by state institutions, potentially catalyzing further adoption across Europe.

The introduction of staking by PostFinance AG is also a clear indicator of the bank’s vision for the future of finance. By integrating blockchain technology into its operations, PostFinance is not only providing its customers with new investment opportunities but is also preparing for a future where digital assets might play a more central role in the global economy.

The bank’s announcement also hinted at plans to introduce staking for other tokens soon, suggesting a broader strategy to solidify its position in the crypto space.

The post Switzerland’s PostFinance AG bank introduces Ethereum staking appeared first on CoinJournal.

Veröffentlicht am

Nasdaq files 19b-4 form for ‘Canary Litecoin ETF’ SEC approval

  • Nasdaq has filed a 19b-4 form for the proposed Canary Litecoin ETF.
  • The SEC recently asked Canary Capital to amend the S-1 form of the proposed Litecoin ETF.
  • The initial filing for the Canary Litecoin ETF was made in October 2024.

Nasdaq has taken a pivotal step by filing a 19b-4 form for the proposed ‘Canary Litecoin ETF,’ signaling the start of the US Securities and Exchange Commission (SEC) review process.

This filing comes just after Canary Capital amended its S-1 form, completing the necessary duo of documents required for the SEC’s consideration.

The 19b-4 form, submitted on Wednesday, outlines that US Bancorp Fund Services, LLC will act as the administrator for the ETF, with US Bank N.A. tasked with managing the fund’s cash assets. The custody of the actual Litecoin for the ETF will be handled by Coinbase Custody Trust Company LLC.

Canary Litecoin ETF is part of the growing list of proposed crypto ETFs

This move by Nasdaq and Canary Capital is part of a broader trend where multiple firms are pushing for spot ETFs based on various cryptocurrencies, including Solana and XRP, amidst speculation that the incoming Trump administration could be more favourable towards crypto regulations.

The SEC has previously given the green light to Bitcoin ETFs in January 2024 and Ethereum ETFs later that year, paving the way for other crypto-based financial products.

Bloomberg Senior ETF Analyst Eric Balchunas has expressed optimism about the Litecoin ETF’s prospects, stating on X that feedback from the SEC on the S-1 form bodes well for approval. However, he also noted that the imminent change in SEC leadership could introduce significant variables.

Gary Gensler’s tenure as SEC Chair concluded on Monday, and President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner known for his crypto-friendly views, to take over. The confirmation hearing for Atkins might occur in March, potentially influencing the regulatory climate for cryptocurrencies.

Canary Capital’s initial filing for the Litecoin ETF occurred in October 2024, marking the beginning of this regulatory journey.

With the 19b-4 and S-1 forms now in place, the focus shifts to the SEC, where the process will unfold over the coming months. This filing is a critical milestone in potentially bringing Litecoin to mainstream investors through a regulated financial product, highlighting the growing intersection between traditional finance and the digital asset space.

The post Nasdaq files 19b-4 form for ‘Canary Litecoin ETF’ SEC approval appeared first on CoinJournal.