Biden Vetoes SEC’s SAB 121 Repeal
President Joe Biden of the United States has rejected a resolution aimed at overturning the SEC’s Staff Accounting Bulletin (SAB) No. 121.
Immunefi: Hacks-related Crypto Losses Fall 12%
A recent report from blockchain security firm Immunefi revealed a 12% decrease in losses from fraud and hacks in the crypto industry compared to the previous year.
BlackRock Amends its S-1 Registration Statement
BlackRock submitted an updated registration statement for its proposed Ethereum fund, highlighting the ongoing efforts of financial firms to offer and trade similar products.
CFTC Commissioner: FIT21’s Implementation Will Be Slow
The implementation of the Financial Innovation and Technology for the 21st Century Act (FIT21) is expected to be a lengthy process, potentially taking several months or even years for coordination between regulators in the United States prior to the enforcement of the rules.
Israel Starts a CBDC Experiment for Payments
Israel is looking to accelerate the development of its national digital currency, the digital shekel, through a collaboration with various service providers.
Gemini Distributes $2.18B to Earn Users
Crypto Exchange Gemini has initiated the reimbursement process for users of its defunct lending program, Earn.
Hashdex Drops its Spot Ether ETF Application
Investment manager Hashdex has withdrawn its application for a proposed spot Ether exchange-traded fund (ETF).
