Ondo Finance joins Blockchain Association to advance US digital asset policy

Senators engaged in bipartisan discussions regarding the anticipated crypto market structure bill, with Senator Cynthia Lummis expressing optimism for a new draft to be released soon. The discussions are aimed at finalizing the legislation before Congress adjourns for the holiday break. Lummis highlighted the urgency of progressing with the bill during a panel hosted by the Blockchain Association.

Nicholas Wealth has submitted a proposal for a new exchange-traded fund (ETF) named 'Bitcoin After Dark' to the SEC, which is designed to operate exclusively during nighttime hours. This innovative strategy aims to capitalize on potential market movements that occur after traditional trading hours.

The SEC has approved the Bitwise 10 Crypto Index Fund, which is now trading on NYSE Arca, marking the second cryptocurrency index exchange-traded product (ETP) in the U.S. This fund allows investors to gain exposure to a diversified portfolio of major cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Senator Cynthia Lummis announced at the Blockchain Association Policy Summit that a markup for the anticipated cryptocurrency market structure bill is expected next week, indicating progress in legislative efforts surrounding digital assets. The senator noted the exhaustion of staff involved in the process, highlighting the complexity and importance of the bill.

The U.S. Securities and Exchange Commission (SEC) has intensified its focus on anti-money laundering (AML) measures concerning low-priced securities held in omnibus accounts, signaling a potential shift towards stricter compliance and oversight in the financial sector.

Citadel Securities has called on the U.S. Securities and Exchange Commission (SEC) to regulate decentralized finance (DeFi) platforms that offer tokenized U.S. stocks, a move that has sparked significant controversy within the cryptocurrency sector. This request aligns with Citadel's push for regulatory parity between traditional exchanges and DeFi trading venues.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ondo Finance, a decentralized finance platform, without filing any charges. This investigation, which began during the Biden administration, focused on whether Ondo's tokenized products complied with federal securities laws. The SEC's decision marks the end of a two-year probe that scrutinized the company's operations and regulatory compliance.

BlackRock has filed for the listing of a staked Ether ETF, which, if approved by the SEC, would provide investors with indirect exposure to staked Ether, marking a significant step in the evolving cryptocurrency landscape. This initiative follows the anticipated approval of spot Ether ETFs in 2024.