Regulation
Weekly Recap: VanEck’s Solana ETF, Coinbase Sues SEC, FDIC
In this weekly recap, we cover:
- VanEck file for the Solana ETF: Investment manager VanEck has applied for a Solana spot exchange-traded fund (ETF) in the United States, with the aim of listing it on the Cboe BZX exchange.
- VanEck Waives Ethereum ETF Fees: VanEck plans to waive fees on its proposed Ethereum spot ETF until 2025 or until assets under management (AUM) reach $1.5 billion.
- Coinbase Sues SEC, FDIC: Coinbase has filed lawsuits against the SEC and FDIC for failing to comply with Freedom of Information Act (FOIA) requests, seeking transparency into cryptocurrency regulation.
- FTX to question creditors on reorganization plan: FTX’s bankruptcy counsel will seek creditors’ input on its Chapter 11 reorganization plan, with votes expected by Aug. 16.
- Julian Assange’s release financed by cryptocurrency donations: Julian Assange’s travel expenses for his release were covered by a large Bitcoin donation, facilitating his return to Australia.
- Blast Airdrop Goes Live: The Ethereum Layer 2 Blast network has distributed 17 billion BLAST tokens, drawing attention to other Layer 2 networks such as Linea and Scroll.
- The Solana Foundation reveals signals and actions: The Solana Foundation has introduced new tools, “Actions” and “Blink,” to enable on-chain transactions directly from websites and apps.
- FBI Raises Bounty for “Cryptocurrency Queen” Ruja Ignatova: The U.S. State Department has increased its reward to $5 million for information leading to the capture of Ruja Ignatova.
- Ripple CEO criticizes SEC chairman: Ripple CEO Brad Garlinghouse said that SEC Chairman Gary Gensler’s actions could negatively impact President Joe Biden’s reelection chances, calling into question the SEC’s regulatory approach.