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There is no shortage of geopolitical tensions brewing amid the inauguration of the newest US president. However, those issues appear no closer to a resolution. Indeed, US President Donald Trump is reportedly set to issue reciprocal tariffs, according to a Reuters report. Specifically, the Western nation is set to impose additional import taxes to match those that are imposed by other nations. The decision continues a potential cycle of retaliation stemming from the 25% tariff issued by the new administration last week. To this point, the country has tariffed China, Mexico, and Canada while delaying the tax on the latter two. JUST IN: President Trump to issue reciprocal tariffs to match those imposed by other countries. — Watcher.Guru (@WatcherGuru) February 7, 2025 Also Read: BRICS: Trump Tariff to Trigger Economic Crisis and Diplomatic Disputes? Donald Trump to Announce New Tariffs This Week During his campaign for reelection, Donald Trump was firm in his belief in the institution of...

The United States Securities and Exchange Commission (SEC) approved multiple spot Bitcoin ETFs on Jan. 10. According to an official SEC filing, spot Bitcoin ETFs have been approved for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE, following a decade-long hunt for these products. The approval means ETFs will go live in trading at the CBOE from 9 am on Jan. 11 when the U.S. stock market opens 11 issuers were mentioned in the SEC’s approval filing, issuing the green light to list Bitcoin (BTC) exchange-traded funds. The filing broke during the late hours of Jan. 10 before briefly disappearing, likely due to large traffic on the SEC’s website. “As described in more detail in the Proposals’ respective amended filings, each Proposal seeks to list and trade shares of a Trust that would hold spot bitcoin, in whole or in part. This order approves the Proposals on an accelerated basis .” SEC approval of spot BTC ET...

Bitwise Asset Management has withdrawn its application for a Bitcoin and Ethereum Market Cap Weight Strategy ETF. Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) and Ether (ETH) Market Cap Weight Strategy exchange-traded fund. It was initially filed with the U.S. Securities and Exchange Commission on Aug. 3. This decision follows a period of increased optimism in the crypto market after Grayscale secured approval for its own ETF from the SEC. Bitwise’s Chief Investment Officer, Matt Hougan, had expressed support for the SEC’s approval of crypto ETFs in a previous interview with Bloomberg. The planned ETF was designed to invest in futures contracts for either Bitcoin or Ethereum, guided by their respective market capitalizations. In addition, Bitwise was concurrently collaborating with ProShares to initiate another ETF. The company’s official statement on the withdrawal noted, “The Trust no longer intends to seek effectiveness of...

Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate advertisement Following the Ark Invest deadline, the US SEC has the first deadlines lined up in the first week of September 2023 for Bitcoin ETF s for the likes of Blackrock, VanEck, Wisdomtree and Bitwise. US SEC To Prepone Actions On ARK Invest Bitcoin ETF? According to Bloomberg analyst James Seyffart, the Ark Invest ETF decision could be out any time after August 11, 2023, two days in advance of the original deadline. This is because the scheduled deadline August 13 falls on Sunday. Hence, Seyffart believes that a decision could be out anytime after Friday post-market close. “The next SEC deadline for Bitcoin ETF s is ARK Invest’s on 8/13. That’s a Sunday so we should see a decision by tomorrow. My bet is after market close tomorrow. We are fully expecting a DELAY.” Recommended Articles ...

Also Read: Microsoft Partners With Aptos Labs For AI And Web3 Fusion, APT Token Spikes 18% advertisement On Wednesday, Judge Torres issued a pre- trial scheduling order that said the Court wants to schedule a jury trial for the second calendar quarter of 2024. This could be a massive development at a time when the Crypto Market has been anticipating an appeal request from the US SEC. The pre trial scheduling order could mean that the Summary Judgment will hold to be status quo until the second quarter of 2024 and further till the time the agency does not seek an interlocutory appeal. What Judge Analisa Torres Said In The Order The Judge said in the order the Court will seek to schedule a jury trial for the second quarter of 2024 and that both parties should submit blackout dates for trial by August 23, 2023. Further, the two sides should submit all the pre trial files, and are open to submit motions in limine , which refer to motions before the tr...

Also Read: Crypto Market Bullish Over XRP Lawsuit Ruling, Altcoin Rally Imminent? advertisement Meanwhile, the long time demand for relisting of XRP on US based exchanges like Coinbase is now back in the forefront, thanks to the clear ruling that XRP tokens don’t constitute investment contracts. The demand had recently come up again over the recent lawsuit against the US based exchange by the US SEC. However, Deaton believes Coinbase itself stands as a winner with the latest Summary Judgment from Judge Torres. “Coinbase Only Other Winner In XRP Lawsuit” Deaton explained that Coinbase could likely stand as the only other winner than the XRP token and Ripple, as the XRP previously sold on the platform was not a securities sale event. Hence, he suggested that it was time to relist XRP on the platform. The exchange delisted the token in early 2021 over the December 2020 lawsuit against Ripple by the US SEC. Other US based exchanges too...

The governor of Florida wants to defend people’s right to “do Bitcoin.” Florida Governor Ron DeSantis officially entered the United States presidential race on May 24.  During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President and fellow 2024 presidential candidate Donald Trump. Among topics like U.S. immigration policy and the supposed prevalence of “critical race theory,” DeSantis gave significant attention to cryptocurrency during his hour-long presentation. He promised to protect “the ability to do things like Bitcoin” and fight the “central planners” at Capitol Hill. Ron DeSantis on #Bitcoin: “I’ll protect the ability to do things like bitcoin. I don’t have an itch to control everything that people may be doing in this space.” pic.twitter.com/j4wRHZACK5 — Jane Adams (@iLoveJaneAdams) May 25, 2023 DeSantis’ stance on crypto has been fairly consistent over...

Musk Asks Kennedy For Twitter Spaces The scion of the Kennedy political dynasty, Robert F. Kennedy Jr., has embarked on a longshot campaign for the Democratic nomination for president. A staunch Bitcoin supporter, the 69-year-old presidential hopeful has raised eyebrows in the crypto space with his outspoken affection towards cryptocurrencies and criticism of government-backed central bank digital currencies (CBDCs). advertisement Known for his anti-establishment and anti-vaccination stance, Kennedy has now added his opposition to CBDCs to his political repertoire. His latest quote on the matter expresses concern over the government’s potential control and surveillance over US citizens, stating: That is why I oppose CBDCs, which will vastly magnify the government’s power to suffocate dissent by cutting off access to funds with a keystroke. Read More: Renowned Economist Predicts Federal Reserve To Skip June Rate Hike Recommended...

After a series of attacks against crypto exchanges Coinbase, Bittrex, Kraken, and other entities related to crypto, the securities regulator has set eyes to bring action against Binance or Binance.US. advertisement Binance In the US SEC Crosshairs Crypto exchange Binance has been under heightened scrutiny since the collapse of FTX. In March, the U.S. CFTC filed an enforcement action against Binance and CEO Changpeng “CZ” Zhao in March for violating commodities laws and operating an illegal derivatives exchange. The DOJ is also probing Binance for several matters, including violating sanctions against Russia. Andrew in a tweet on May 8 said the SEC is almost close to taking action against Binance.US or Binance. The SEC may also bring changes against Binance CEO “CZ” for violating securities laws and failing to comply with the anti-money laundering (AML) rule. He warned that the US Dept. of Justice (DOJ) could also be part of investigations...