SEC Set to Examine Tokenization Rules With Coinbase, Blackrock, Galaxy, Robinhood Joining

Coinbase CEO Brian Armstrong has publicly opposed a draft Senate bill concerning cryptocurrency, warning that it poses a threat to decentralized finance (DeFi) and tokenized equities, while also indicating potential overreach by the SEC. Senator Cynthia Lummis has suggested that discussions regarding the bill may be postponed.

Coinbase CEO Brian Armstrong has publicly rejected the U.S. Senate Banking Committee's latest draft of the CLARITY Act, arguing that it would worsen the regulatory environment for the cryptocurrency industry in the United States. Armstrong expressed concerns about the bill's implications for crypto operations and innovation.

Coinbase has withdrawn its support for a proposed cryptocurrency market structure bill, with CEO Brian Armstrong citing numerous issues with the legislation. This decision reflects ongoing challenges in the regulatory landscape for digital assets.

SEC Chair Paul Atkins expressed optimism regarding the potential signing of a crypto market structure bill by former President Trump, indicating a significant step towards regulatory clarity in the cryptocurrency sector. This development comes as the SEC aims to enhance its oversight of digital assets and streamline regulations.

The Zcash Foundation announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC), which began with a subpoena regarding certain crypto asset offerings. This decision has led to a 12% increase in the price of Zcash's native token, ZEC, and a 39% surge in trading volume over the past 24 hours.

The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Zcash, which began with a subpoena regarding certain crypto asset offerings. This development signifies the end of scrutiny for the privacy-focused cryptocurrency.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the Zcash Foundation, which was initiated in 2023 following a subpoena regarding certain crypto asset offerings. This decision marks the end of scrutiny for the privacy-focused cryptocurrency, Zcash.

Morgan Stanley has filed multiple S-1 registration statements with the SEC to launch spot crypto exchange-traded funds (ETFs), marking a significant step towards mainstream adoption of cryptocurrency investments. This move comes as XRP ETFs are nearing $1 billion in assets under management, reflecting a growing interest in structured crypto participation.