Search results for Securities Act of 1933
Crypto
U.S. SEC to revise crypto fundraising rules, proposes registration exemptions and safe harbor
The U.S. Securities and Exchange Commission has proposed a new set of rules for crypto-related fundraising called Regulation Cryptoasset. The proposal would create exemptions from registration under the Securities Act of 1933 for certain investment contracts and includes a safe-harbor provision to prevent some crypto assets from being classified as securities. It sets two fundraising exemptions, adds disclosure and reporting requirements, and would make federal rules take precedence over state laws for issuance and some secondary trades.
Crypto
21Shares Hyperliquid spot ETF THYP debuts with $1.2 million net inflows on first day
21Shares launched its first exchange-traded fund based on Hyperliquid, with the product starting to trade on Nasdaq under the ticker THYP. On its first trading day, the ETF recorded $1.8 million in turnover and about $1.2 million in net inflows, Cryptopolitan reported. The fund offers exposure to HYPE without direct token ownership, and 21Shares also introduced a 2x daily leveraged ETF, TXXH.
Crypto
U.S. SEC to pursue \'Reg Crypto\' rules to clarify standards for crypto securities status
The U.S. Securities and Exchange Commission is preparing to unveil a draft set of rules dubbed \'Reg Crypto\' that would set core standards for regulating the cryptocurrency industry. The proposal is in the final stage of a White House review process. SEC Chair Paul Atkins said the draft is being reviewed by the Office of Information and Regulatory Affairs under the Office of Management and Budget and is one step from release.