SEC Plans to Propose Crypto Regulation This Month to Support Startups

·2 views

The U.S. Securities and Exchange Commission is planning to propose a new crypto-specific rule as early as this month. The regulation, informally referred to as 'Reg Crypto,' has been placed high on the agency's near-term agenda. The proposed rule is intended to ease regulatory burdens for crypto startups and simplify fundraising in the digital asset space. The development was revealed through a newly updated regulatory agenda published by the SEC.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Tokenized equities hit record $3.86B in June, led by SpaceX tokens

Tokenized equities trading reached a record $3.86 billion in June, driven largely by interest in SpaceX-linked tokens. SpaceX tokens alone accounted for $1.19 billion, representing 31% of the total monthly trading volume. Backpack's SPCX token was the dominant instrument in this segment, recording $1.08 billion in trades. The surge coincides with heightened market anticipation around a potential SpaceX IPO.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Brokerages Initiate SpaceX Coverage with Bullish Ratings After $75B IPO

Several major brokerages launched their research coverage of SpaceX on Tuesday, largely assigning buy ratings to the company's stock. The initiations follow SpaceX's initial public offering in June, which valued the company at $75 billion. Analysts appear broadly optimistic about the company's growth prospects going forward. The wave of post-IPO research marks a significant milestone in SpaceX's transition to a publicly traded company.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Vanguard Seeks Digital Assets Leader as Crypto Strategy Shifts

Vanguard, the global investment management giant, has launched a search for a new digital assets leadership role. The position will be responsible for overseeing the firm's initiatives in tokenization, stablecoins, and blockchain technology. This move signals a notable shift in Vanguard's approach to digital assets, a space the company has historically been cautious about. The hiring effort suggests the firm is actively reassessing how it engages with the evolving cryptocurrency and blockchain landscape.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

AI Infrastructure Trade Cools as Investors Reassess Spending Outlook

The AI infrastructure investment trade is losing momentum as market realities prompt a broader reassessment among investors. Despite record earnings from key players, rising competition within the sector is adding pressure to valuations. Growing concerns about a potential slowdown in AI-related spending have further unsettled investor confidence. These combined factors are pushing market participants to take a closer look at one of the most prominent trades in recent memory.

0 comments Read more at CoinDesk