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US SEC asks ETH spot ETF issuers to file S-1 amendments...approval expected

"Two issuers of Ethereum (ETH) spot ETFs received comments from the U.S. Securities and Exchange Commission (SEC) last week on their S-1 filings and are preparing amendments," The Block reports, citing anonymous sources. The amendments are due today (April 21)." While one of the issuers said the SEC's S-1 amendment comments were reasonable and they expect approval soon, the other said it was premature to expect approval.

The first step in the approval process for ETH spot ETFs, a 19b-4 rule change review request, was approved in May. According to Bloomberg ETF analyst Eric Balchunas, the ETH spot ETF is expected to launch on July 2 (local time). Meanwhile, Bitwise recently filed an S-1 amendment for the ETH spot ETF.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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