China News Daily Official TheBitTimes.com

The crypto industry may be on the verge of another change with potentially wide-reaching consequences by the end of 2025 and beyond. Namely, the U.S. Securities and Exchange Commission (SEC) is preparing to make its final decisions on no less than 16 cryptocurrency exchange-traded funds (ETFs) in October. These proposed applications span a range of major altcoins, including Solana (SOL), Dogecoin (DOGE), and Cardano (ADA).  The first decision deadline is October 2 for Canary’s Litecoin (LTE) ETF, followed by Grayscale’s Solana and Litecoin trust conversions on October 10, and finally WisdomTree’s XRP fund on October 24.  However, the approvals could come at any time before these deadlines, as noted by NovaDius Wealth Management president Nate Geraci, who expects “enormous next few weeks for spot crypto ETFs.” *Enormous* next few weeks for spot crypto ETFs… SEC final deadlines approaching on numerous filings. Starts this week w/ deadline on Canary spo...

The Democratic Party of Korea has introduced a policy requiring its candidates to disclose their crypto holdings ahead of the 2024 general elections, aiming to enhance transparency and address potential conflicts of interest. The Democratic Party of Korea, which has a majority in the National Assembly with 167 out of 300 seats, has decided that people who want to run for office in the 2024 general elections must disclose individual crypto holdings. This move is reported by News1 as a way for the party to appeal to high moral standards. Han Byung-do, who leads the party’s strategy team, said it will check if candidates might have conflicts of interest because of their digital money. If a representative lies about ownership of crypto , they will not be allowed to run for office as a member of the party. Byung-do did not specify the consequences of disclosing crypto ownership up front. You might also like: South Korean Financial Watchdog Calls for International Consisten...