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The SEC has announced the distribution of millions of dollars to investors affected by the collapse of BitClave, an online advertising blockchain startup. The reimbursement amount is over $4.6 million.
The payments include principal amounts and interest for eligible investors.
President-elect Donald Trump is reportedly considering a permanent new crypto advisor role for the White House. Trump’s team is interviewing candidates but has not disclosed any strong contenders.
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The US Securities and Exchange Commission (SEC) has distributed $4.6 million to investors of defunct crypto startup BitClave’s 2017 initial coin offering (ICO), according to a Nov. 20 announcement.
The funds were disbursed as part of the BitClave Fair Fund established after a 2020 settlement.
The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s application to launch a crypto index exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) to Jan. 6, 2025.
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Key Takeaways
The SEC delayed the decision on Franklin Templeton’s Bitcoin and Ethereum ETF, extending the deadline to January 6, 2025.
The SEC’s review period extension allows more time to evaluate the proposal and its implications.
Key Takeaways
Trump’s team is considering creating a White House position dedicated to crypto policy.
Industry advocates are pushing for this crypto role to have direct access to the President.
The Reserve Bank of India (RBI) is adopting a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), the e-rupee, prioritizing financial stability and a thorough understanding of its potential impacts.
Deputy Governor T.
South Korea’s financial watchdog has doubled its restrictive stance toward crypto, rejecting the launch of exchange-traded funds (ETFs) that track companies linked to digital assets.
Local media reported on Nov.
Japan is advancing a landmark economic stimulus package that includes a significant overhaul of current taxation rules for crypto, local media reported on Nov. 20.
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Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.
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Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate.
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Jesse Powell, the founder of Kraken exchange, has voiced strong support for Brian Brooks, the former acting US Comptroller of the Currency, as the next Chair of the Securities and Exchange Commission (SEC).
Powell highlighted Brooks’ broad expertise in a Nov.
Russian authorities plan to prohibit crypto mining in occupied Ukrainian territories, marking a new regulatory step as the conflict surpasses 1,000 days.
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