The latest edition of Hodler’s Digest, covering news and updates from December 17th to 23rd, covers significant events in the cryptocurrency world. The article highlights the Securities and Exchange Commission’s (SEC) decision to delay its determination on Ethereum Exchange-Traded Funds (ETFs), as well as the approval of Binance’s settlement with the U.S. Commodity Futures Trading Commission (CFTC). Additionally, it reports on Sam Bankman-Fried’s most recent legal defeat in court.
SEC postpones decision on Ethereum ETFs:
The first significant development discussed in the article pertains to the SEC’s decision to delay its ruling on the approval of Ethereum ETFs. This decision comes after the regulator was given a deadline by the court to approve or reject VanEck’s application for an Ethereum ETF. The delay has left the crypto community eagerly awaiting a final decision.
Binance settles with the CFTC:
The second noteworthy event covered in the article is the CFTC’s approval of Binance’s settlement. Earlier this year, the CFTC initiated an investigation into Binance, accusing the exchange of facilitating illegal transactions and failing to register with the agency. The settlement, which includes a $10 million penalty and enhanced compliance measures, allows Binance to resolve the matter and continue its operations in the United States.
Another legal setback for Sam Bankman-Fried:
The article also highlights the ongoing legal troubles faced by Sam Bankman-Fried (SBF), the founder of crypto exchange FTX and Alameda Research. SBF has suffered yet another defeat in court in a lawsuit filed against him by MT4 Fixture Services. The lawsuit alleged that SBF breached an agreement by terminating a contract related to trading software. The court ruled in favor of the plaintiff, ordering Bankman-Fried to pay approximately $43 million in damages.
Other news and developments:
In addition to the three main events mentioned above, the article briefly covers other notable news and updates from the cryptocurrency world. These include Ripple Labs’ request to dismiss the SEC’s lawsuit against them, the impact of the Omicron variant on the crypto market, hedge funds’ interest in Bitcoin futures, and the launch of Ethereum Layer 2 scaling solution Arbitrum One on Coinbase.
Conclusion:
The article provides a concise overview of significant events in the cryptocurrency industry during the specified time period. It touches on regulatory decisions, legal proceedings, and market developments. By condensing these updates into a single digest, readers can stay informed about the latest happenings in the crypto space without having to scour multiple sources for information.