SEC's case on Ether's status as a security seems to be losing steam, with Consensys lawyer Laura Brookover stating that the SEC's approval of Ether ETFs implies Ether is a commodity, not a security. However, the SEC has not confirmed this.
Meanwhile, Iran's Central Bank has launched a pilot for a national digital currency aimed at domestic micropayments. The digital rial will be available to bank customers and tourists on the island of Kish.
Cryptocurrency exchange Uphold will delist six popular stablecoins from its European market from July 1, in line with the EU's Markets in Crypto-Assets Regulation (MiCA).
Lastly, Italy is set to increase surveillance of the crypto markets to curb insider trading and market manipulation, in compliance with the MiCA regulatory framework. Penalties for violations range from âŹ5,000 to âŹ5 million.
