- US exchanges push for a unified crypto ETF listing framework to simplify approvals.
- JPMorgan partners with Coinbase to let Chase customers buy crypto and redeem rewards for USDC by 2026.
- Samourai Wallet co-founders plan to plead guilty to US charges, facing up to 25 years in priso
Crypto ETFs Get a Streamlined Path
The crypto world is buzzing with big news as US exchanges like the Chicago Board Options Exchange (CBOE) and NYSE Arca push for a simpler way to list crypto exchange-traded funds (ETFs).
They’ve asked the SEC for a rule change to create a unified framework, so crypto fund issuers wouldn’t need separate approvals for each new fund.
ETF analyst Nate Geraci says this could make the process much faster and easier. This comes right after the SEC okayed in-kind transactions for crypto ETFs, letting investors swap shares for actual Bitcoin or Ether, which saves money and aligns crypto closer to traditional investments.
This move could be a game-changer for crypto investors. Right now, exchanges must file a complex 19b-4 form for every new crypto ETF, which takes a lot of time.
A unified framework would let funds launch quicker if they meet set rules, boosting the crypto market’s growth. With the SEC’s recent approvals, it feels like the US is finally warming up to crypto, making it easier for regular folks to jump in.
Crypto Gets a Boost from Banks and Legal Shifts
JPMorgan Chase and Coinbase are teaming up to bring crypto to more people. Starting this fall, Chase credit card holders can buy crypto on Coinbase, and by 2026, they’ll be able to cash in Chase Ultimate Rewards Points for USDC, a stablecoin.
This is the first major credit card rewards program to offer crypto, a huge step for blending traditional banking with digital assets.
JPMorgan’s CEO Jamie Dimon said they’re diving into stablecoins to keep up with fintech rivals, showing even big banks are betting on crypto’s future.
On the legal side, things are shaking up too. Samourai Wallet’s co-founders, Keonne Rodriguez and William Hill, are switching their not guilty pleas to guilty on charges tied to their crypto mixing service.
They face up to 25 years in prison for running an unlicensed money-transmitting business that handled over 2 billion dollars in shady transactions.
This case, set to wrap up in court today, has the crypto community talking about privacy tools and regulation, especially with similar cases like Tornado Cash in the spotlight.
Also Read: Bitcoin Price Prediction If Fed Lowers Interest Rates Tomorrow – Could BTC Reach $143K?
