Tag: SEC

Grayscale Pursues SEC Approval for Polkadot ETF on Nasdaq

Grayscale is pushing for a Polkadot ETF on Nasdaq, with the SEC reviewing the application. Polkadot is currently $4.35.



Grayscale Investments, a big name in crypto assets, is aiming to launch a Polkadot (DOT) ETF. They’ve officially filed with Nasdaq to list and trade shares of the Grayscale Polkadot Trust. The SEC now has 45 days to decide whether to approve, reject, or extend the review.

Grayscale already has Ethereum and Bitcoin ETFs, and now they want to include Polkadot on the list as well. This is just days after 21Shares, which is another company that trades cryptocurrency, filed an application for a Polkadot ETF last month. If approved, it will further expose and invest in Polkadot.

Polkadot is currently priced at $4.35 and has fallen by 6.7% in the past 24 hours with the entire cryptocurrency market under bearish pressure.

This comes at a time when the SEC has become more friendly toward crypto, especially since the Trump era. They’ve dropped investigations on platforms like Robinhood and OpenSea, which might make it easier for projects like Grayscale’s to move forward.

While the decision is still in the works, if the SEC gives the green light, Polkadot could see a major boost in the market with more investors jumping on board. Fingers crossed!

Also Read: Nansen Joins TRON as a Super Representative, Boosting Blockchain Transparency

SEC Drops Case Against OpenSea NFT Marketplace, No Charges Filed

SEC dropped its case against OpenSea, calling off NFT securities claims. Crypto fam sees it as a huge win for Web3.

Big W for NFTs—SEC just dropped its case against OpenSea, meaning no charges for the massive NFT marketplace. OpenSea’s founder, Devin Finzer, called it a win for the entire space after revealing the news on Feb 21.

This comes right after the SEC also backed off from a lawsuit against Coinbase, where they accused the exchange of running as an unregistered securities broker. OpenSea got hit with a Wells Notice last year, meaning legal action was on the table, but now? SEC is walking away.

The NFT world is celebrating, with Magic Eden’s Chris Akhavan calling it a win for the industry. Even crypto figure Beanie said it brings much-needed regulatory clarity.

Meanwhile, OpenSea isn’t slowing down. The platform is dropping its new SEA token soon, though the exact date is still unclear. But not everyone’s happy—some users have been roasting OpenSea’s recent airdrop rewards, saying it encouraged wash trading and ignored creators.

The SEC staying hands-off on NFTs could mean a regulatory shift, but they haven’t officially explained why they dropped the case. Either way, Web3 just dodged a bullet.

Also Read: Vitalik Buterin Frustrated with Ethereum’s Growing Casino Culture

SEC to Evaluate NYSE’s Proposal for Grayscale’s Ethereum ETF Staking

NYSE wants SEC approval for Grayscale’s Ethereum ETF to stake holdings, boosting returns without extra risks, pending regulatory decision.

The New York Stock Exchange (NYSE) is pushing to let Grayscale’s Ethereum ETFs stake their Ether holdings and earn rewards. If the U.S. SEC approves this move, it could change the game for Ethereum-based ETFs.

Grayscale’s Ethereum Trust ETF (ETHE) and Ethereum Mini Trust ETF (ETH) would stake their Ether, possibly boosting returns for investors while keeping the funds efficient. The proposal, filed on Feb. 14, aims to make Ethereum ETFs more competitive by adding staking rewards.

Grayscale made it clear that staking will bring extra income, but they’re not promising fixed returns. They also clarified that this doesn’t involve “delegated staking” or “staking as a service.” Investors would still be exposed to Ethereum price changes but could earn extra rewards on top.

This move follows similar plans by 21Shares, who recently tried to add staking to its Ethereum ETF. While the SEC initially blocked Ethereum ETF staking in 2024 over regulatory concerns, with a new, potentially crypto-friendly SEC, things could change.

If approved, Grayscale’s ETFs could generate passive income through staking, adding more value for investors while tracking Ethereum’s price. The decision could be a big step in how crypto ETFs evolve.

Also Read: Near Protocol Ex-Employee Accidentally Leaks Nudes on Livestream, Apologizes to Girlfriend

Ripple Pushes for April 16, 2025 Deadline in Ongoing SEC Battle

Ripple wants until April 16, 2025, to respond to the SEC’s appeal, calling it weak and predicting a major win ahead.

Ripple just asked for an April 16, 2025 deadline to hit back in its legal face-off with the SEC. This comes after the SEC filed an appeal to keep pushing its claim that XRP sales on exchanges are securities, even after losing part of the case earlier this year.

ICYMI, the court had previously ruled some XRP sales weren’t securities, giving Ripple and crypto fans hope. But the SEC isn’t backing down, even after Gary Gensler left. They’re doubling down, saying the court made serious mistakes. Ripple’s top lawyer, Stuart Alderoty, isn’t fazed. He called the SEC’s appeal “just noise” and is betting on Ripple coming out on top.

Attorney Jeremy Hogan, closely following the drama, slammed the SEC’s appeal, calling it weak. He pointed out the SEC still can’t prove XRP buyers expected gains solely from Ripple’s work, especially since many buyers don’t even know what Ripple is.

Ripple’s team is confident this case could set a new tone for crypto regulations. They believe the next administration might even drop the SEC’s fight altogether. Until then, Ripple’s hodling strong, ready for a legal win and a crypto-powered future.

Also Read: Vitalik Buterin Wants Layer 2s to Boost Ethereum’s Game with

Vanguard Agrees to $106M SEC Settlement for Tax Reporting Errors

Vanguard settles with SEC for $106M over failing to inform investors about tax issues from fund class switches.

Vanguard just agreed to pay $106 million to settle charges with the SEC, after they failed to properly inform investors about tax issues with their popular target-date funds. This blunder left hundreds of thousands of regular investors with inflated tax bills, and the settlement includes a $92.9 million restitution and a $13.5 million fine.

Here’s the scoop: back in December 2020, Vanguard made a move to lower the minimum investment for certain lower-cost fund classes, hoping to attract institutional clients. The plan was to bring the minimum investment from $100 million to $5 million, which led to many qualifying investors switching from higher-cost retail funds to these new institutional classes. But the switch created a mess—the retail funds had to sell assets to meet redemptions, which caused capital gains taxes to be transferred to the remaining investors. Vanguard didn’t properly warn about these tax burdens.

The SEC literally said, “Hold up, accurate tax info is crucial for investors, especially those planning for retirement.” Vanguard’s response? They’re cool with the settlement but didn’t admit to any wrongdoing. They’re just focused on keeping things running smoothly for investors moving forward.

Also Read: Wyoming Proposes Bitcoin Strategic Reserve to Lead Financial Innovation

Pro-XRP Advocate John Deaton Pushes SEC to Publish Hinman Documents

John Deaton gives SEC 10 days to release the Hinman report. This urged transparency on XRP and Ripple’s legal drama.



John Deaton, the lawyer repping XRP holders, just dropped a huge ultimatum on the SEC. In a recent live video, he told SEC Chairman Gary Gensler to release the controversial Hinman report within 10 days. Why the rush? The report includes the infamous 2018 speech from former SEC official William Hinman, where he said Ethereum wasn’t a security. This speech is a big deal for XRP holders, and Deaton believes releasing the report would clear up some major questions and help both sides move forward.

Deaton’s call for transparency isn’t coming out of nowhere. Empower Oversight, a watchdog group, has been pushing for an investigation into possible conflicts of interest tied to Hinman’s speech. The investigation wrapped up, and the results were sent to Gensler—but the public still hasn’t seen them. Deaton’s frustrated with the delay, saying the report is key to understanding the SEC’s stance on Ripple and the broader crypto market.

He’s not just asking the SEC to release the info—he’s urging XRP holders to apply pressure by contacting the SEC. Deaton believes public pressure could push the government to act and finally shed light on the Hinman report. This could really have a major impact on the Ripple case.

Read Similar Article: Ripple vs. SEC: Court Grants Request to Seal Critical Documents

Ripple vs. SEC: Court Grants Request to Seal Critical Documents

Ripple scored a win after the judge approved sealing key docs in its SEC battle. XRP price rose slightly amid appeal prep.



The Ripple-SEC saga just took yet another dramatic turn, as Judge Phyllis J. Hamilton granted the seal of some pivotal court documents. This move has been in the pipeline, pushed by Ripple CEO Brad Garlinghouse and the SEC, in a bid to keep sensitive information close to their chests as the case heats up for appeals. Sealed documents will include exhibits tied to summary judgments and expert testimonies.

Both Ripple and the SEC made solid arguments under the Ninth Circuit’s “compelling reasons” rule, which balances privacy with public access. Ripple asked to seal eight exhibits related to their wins and 56 opposing the SEC’s motions. Plus, the SEC wanted parts of its expert testimony hidden. The judge called it fair, especially with the stakes so high.

Ripple snagging this small victory keeps the momentum on their side. Remember when Ripple won the major ruling that XRP isn’t inherently a security? That was a huge L for the SEC. But the SEC isn’t backing down, with a big appeal in the works that could reshape crypto regulation.

XRP prices climbed 1.7% and hit $2.31, plus analysts are also predicting more movement soon. And those wild rumors about Trump meeting Garlinghouse? If true, it might flip the script in Ripple’s favor. Stay tuned—this case is a game-changer for crypto.

Also Read: Thailand Police Bust Bitcoin Mining Operation Stealing Millions in Power

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