Crypto News
Regulatory Delay Hits Franklin Templeton’s XRP ETF Listing Bid
The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve the listing of Franklin Templeton’s proposed exchange-traded fund (ETF) tied to XRP, extending its review period by 45 days. SEC Takes Additional 45 Days to Assess Franklin XRP Fund Filing The SEC announced Tuesday it will defer its ruling onSource link
Tornado Cash Can’t Be Sanctioned Again, Texas Judge Rules
Tornado Cash is officially safe from U.S. sanctions, following a district court ruling on Monday.The Treasury Department’s Office of Foreign Asset Control (OFAC) removed Tornado Cash from its sanctions list in March, several months after an appeals court ruled that the agency had “overstepped its Congressionally-defined authority” by sanctioning the crypto mixing service’s smart contracts back in 2022.However, the way that OFAC de-listed Tornado Cash, and the subsequent notices and motions its lawyers filed with the court in March, left apparent wiggle room for the agency to put the mixing service back on its no-fly list in the future, a federal judge said. The Treasury attorneys argued that, because OFAC had revoked sanctions against Tornado Cash before the district court’s...
Markets Waver as US Treasury Chief Talks Tough on China Trade Risks
U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock Market Stall Amid efforts to highlight President Trump’s policy achievements during his secondSource link
BTC Holds Firm at $95K as Bitcoin ETFs Gain Ground on Gold ETFs
Research from Standard Chartered Bank shows a marked exodus from spot gold exchange-traded funds (ETFs) to bitcoin ETFs. Gold vs. Bitcoin: ETFs Show Shifting Investor Sentiment as BTC Holds $95K London-based Standard Chartered Bank published research on Tuesday showing a migration of investor capital from spot gold ETFs to bitcoin ETFs, as the cryptocurrency heldSource link
Samourai Wallet Prosecutors Are Considering Dropping Charges Under New DOJ Crypto Enforcement Priorities: Filing
New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing.In a joint letter to District Judge Richard Berman of the Southern District of New York (SDNY), both prosecutors and lawyers for Rodriguez and Hill requested that the case be granted a 16-day continuance, or extension, “while the Government determines its position” in response to the defense’s request that the case be dismissed under the auspices of U.S. Deputy Attorney General Todd Blanche’s recent memo to the Department of Justice’s (DOJ) staff.In his April 7 memo, Blanche announced that the DOJ’s crypto unit, the National Cryptocurrency Enforcement Team (NCET) would be disbanded,...