The post SEC v. Consensys, MiCA goes live, Solana ETF appeared on BitcoinEthereumNews.com.

Today’s edition of the weekly recap: SEC sues Consensys despite suspending investigation into Ethereum 2.0; MiCA goes live; VanEck files for the first-ever Solana ETF in the U.S.; Bitcoin (BTC) ETFs record mild inflows. SEC sues Consensys; MiCA goes live Regulatory developments prevailed last week. The Nigerian SEC announced that Virtual Asset Service Providers (VASPs) have a window of 30 days to update their licensing applications on the back of a comprehensive rule amendment. In the U.S., the securities regulator filed a lawsuit against Ethereum development firm Consensys over its staking and wallet services on MetaMask. The lawsuit came up shortly after the SEC closed its investigation into Ethereum 2.0. America’s largest exchange Coinbase sued the SEC and the FDIC for failing to comply with its FOIA demand. Coinbase is seeking clarity on several issues, including the SEC’s position on whether Ethereum is a security. While industry leaders bemoaned regulatory uncertainty in the U.S., the European Union implemented a phased launch of MiCA on June 30. The stablecoin aspect of the regulation will take effect from the beginning of July. Bitcoin ETFs witness positive shift  Last week, Bitcoin ETFs began their third week of net outflows, recording $174.5 million in negative net flows on June 24. This marked the seventh day of net outflows for these products. However, a positive shift was observed on June 25, when the Bitcoin ETFs witnessed their first net inflow in a week, totaling $31 million.  The ETF products retained this positive trend for three more days despite the market uncertainty last week. By the end of the week, they had recorded $137 million in cumulative net inflows over four days. However, their weekly flow remained negative. VanEck files for first-ever US Solana ETF VanEck leveraged the ongoing ETF social trend to file for the…

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Filed under: News - @ June 30, 2024 3:16 pm