Today at #binance there are several significant news related to the activities of the US Securities and Exchange Commission (#SECCrypto ).
1. **Bitcoin ETF Approval**: The SEC has approved several applications for the creation of exchange-traded funds #ETF✅ based on Bitcoin. The decision comes after an appeals court ruled that the commission did not provide sufficient justification for rejecting previous applications. Investors will now be able to purchase and trade these ETFs on registered national exchanges, expanding access to Bitcoin and making it more attractive to a wider audience.
2. **Cases against crypto exchanges: The SEC continues to actively combat violations in the crypto industry. She recently won a case against one of the traders related to insider trading in cryptocurrencies. This could impact ongoing cases against major exchanges such as Coinbase and Binance, which are accused of violating securities laws by operating national exchanges and providing services without proper licenses.
These actions by the SEC underscore its intent to more strictly regulate the cryptocurrency market and enforce federal securities laws.