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SEC Tells Issuers to Pull 19b-4s; ETFs Could Be Approved ‘Absurdly Fast’

The U.S. Securities and Exchange Commission (SEC) has requested crypto exchange-traded fund (ETF) issuers to withdraw their 19b-4 filings, facilitating a quicker approval process following a recent rule change. This new regulation allows exchanges to list certain commodity-based crypto ETFs without requiring individual SEC reviews, significantly reducing regulatory obstacles. Analysts suggest that this updated framework could lead to rapid approvals of pending ETFs, potentially within days. Previously, ETF issuers had to file 19b-4 forms to change listing rules, a method that often delayed the process for months. Now, issuers need to submit only an S-1 filing to gain SEC approval. However, uncertainties remain, primarily surrounding the timing of these approvals amid concerns about potential government shutdowns and the need for the SEC to remain consistent with its previous first-to-file practices. The agency's revised stance could enable a broader range of digital asset funds to reach the market with fewer delays.

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SEC Halts Trading of Bitcoin, Ethereum Treasury Firm QMMM After 2,000% Stock Surge

The SEC has halted trading for QMMM Holdings after its stock surged over 2,100% following a plan to purchase Bitcoin, Ethereum, and Solana. The trading suspension, lasting until October 10, 2025, was prompted by potential manipulation related to recommendations made to investors via social media that appeared to artificially

Swift Teams With Ethereum Software Giant Consensys for Blockchain Prototype

SWIFT is collaborating with Consensys and 30 major financial institutions, including Bank of America, Citi, and JP Morgan, to develop a blockchain-based prototype aimed at enabling real-time cross-border payments. This prototype will utilize a secure ledger and smart contracts for transaction validation and recording. Although it remains unclear whether the

Price predictions 9/29: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE

Bitcoin shows signs of recovery above $114,000, with potential to reach $117,500 if buyers remain strong. Analysts are mixed; while some foresee a downturn, others expect BTC to approach new all-time highs. Market sentiment is cautious, as exchange-traded products see varied outflows and inflows. The S&P

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