SEC Streamlines Crypto ETF Listings, New Funds Launch

The U.S. Securities and Exchange Commission has implemented streamlined listing standards for commodity-based trust shares, accelerating the path for new cryptocurrency ETFs while sparking both innovation and regulatory debate. Rex-Osprey immediately capitalized on the regulatory shift by launching XRP and DOGE ETFs, including a leveraged product for short-term traders, while Solana ecosystem developments dominated corporate treasury news with billion-dollar moves.

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Brera Holdings Pivots to Solana Treasury, Stock Soars 500%

Nasdaq-listed sports holding company Brera Holdings has ignited a market frenzy by announcing its transformation into a Solana-based digital asset treasury, rebranding as Solmate. The company’s stock skyrocketed 500% following a $300 million private investment round backed by heavyweights Ark Invest and the Solana Foundation, positioning Brera as a major contender in the burgeoning trend of public companies adopting cryptocurrency treasuries.

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Trump transition team considers crypto-friendly candidates for CFTC chair role

The Trump transition team is considering pro-crypto candidates for the CFTC chair role, with Summer Mersinger and Brian Quintenz emerging as front-runners. Both have strong crypto policy credentials and could promote a regulatory environment that fosters innovation in the sector. The administration aims to shift away from the previous regulatory stance, reflecting a commitment to a more crypto-friendly approach.

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Coinbase Wins Legal Battle Against SEC as Appeal Moves Forward

Coinbase achieved a significant legal victory as a U.S. District Court granted its motion for an interlocutory appeal against the SEC, halting proceedings while the case is reviewed by the Second Circuit. This appeal addresses whether digital asset transactions qualify as investment contracts, a pivotal issue for the crypto industry. Legal experts and community leaders hailed the decision as a crucial step for clarity in the regulatory landscape.

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