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U.S. SEC Expects ETH Spot ETF Securities Filing to Become Effective 7/22... Means They're Ready to Trade

Amid widespread speculation that an Ethereum spot ETF will launch on July 23, the U.S. Securities and Exchange Commission (SEC) is expected to file a registration statement for the product on July 22, the Wall Street Journal (WSJ) reports. The filing marks the product's readiness to begin trading. The media outlet also reported that the SEC has told several asset managers that an ETH spot ETF could launch on July 23, citing industry sources. Previously, DeCrypt reported that the SEC has instructed asset managers that have filed applications to launch ETH spot ETFs to file finalized versions of their S-1s by July 17th.

“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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