SEC Sues Consensys, MiCA Goes Live, VanEck Files First-ever Solana ETF | Weekly Recap
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Today’s edition of the weekly recap: SEC sues Consensys despite suspending investigation into Ethereum 2.0; MiCA goes live; VanEck files for the first-ever Solana ETF in the U.S.; Bitcoin (BTC) ETFs record mild inflows.
SEC sues Consensys; MiCA goes live
Regulatory developments prevailed last week. The Nigerian SEC announced that Virtual Asset Service Providers (VASPs) have a window of 30 days to update their licensing applications on the back of a comprehensive rule amendment.
In the U.S., the securities regulator filed a lawsuit against Ethereum development firm Consensys over its staking and wallet services on MetaMask. The lawsuit came up shortly after the SEC closed its investigation into Ethereum 2.0.
America’s largest exchange Coinbase sued the SEC and the FDIC for failing to comply with its FOIA demand. Coinbase is seeking clarity on several issues, including the SEC’s position on whether Ethereum is a security.
While industry leaders bemoaned regulatory uncertainty in the U.S., the European Union implemented a phased launch of MiCA on June 30. The stablecoin aspect of the regulation will take effect from the beginning of July.
