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SEC solicits comments on Fidelity’s spot Ether ETF application

The United States Securities and Exchange Commission (SEC) called on the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ether exchange-traded fund, or ETF.In a Nov. 30 notice, the SEC said “interested persons” may comment on the

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Ripple CEO criticizes former SEC Chair Jay Clayton’s comments

Ripple CEO Brad Garlinghouse strongly criticized former United States Securities and Exchange Commission (SEC) Chair Jay Clayton’s remarks regarding the agency’s regulatory approach. Since the first quarter of 2023, the SEC has initiated various regulatory actions against crypto exchanges and companies.During an interview with CNBC on June 29, 2023, Clayton

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IRS extends comments period for new crypto tax rule to mid-November

The United States Internal Revenue Service (IRS) has extended the commentaries period for crypto tax reporting rules proposed in August 2023. The public consultation will last until Nov. 13. The “Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions” were made public

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Hong Kong politician responds to Vitalik’s comments about crypto-friendliness

Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” toward cryptocurrencies. Ng said he "sincerely invites" Buterin to visit Hong Kong to better understand the region. Additionally

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SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments

The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management.In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in

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U.S. Senate Finance Committee Letter Seeks Crypto Industry Comments for Taxation Policy

"In recent months, the Committee on Finance initiated a bipartisan effort to identify key questions that lie at the intersection of digital assets and tax law," the letter said. "The Internal Revenue Code of 1986, as amended (IRC), draws distinctions between types of property, with no straightforward classification for digital

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