I’ve been tracking the ETF landscape and saw VanEck pull its application for a Lido‑staked Ether ETF, cutting the pending ETH‑based ETFs in the U.S. to three. The withdrawal follows a 45‑day review and reflects regulator caution after the recent SEC crackdown. Meanwhile, overall ETF filings hit a six‑month high of 12 new proposals, showing strong investor appetite.
Polygon’s ecosystem got a regulatory boost: the network secured two U.S. payments licenses after closing its Coinme acquisition, expanding compliance across 50 states. The $150 million deal now lets Polygon process up to $2 billion daily under the new licenses. I’m optimistic this will push on‑chain activity past the 1 billion transaction milestone by Q4 2024 🚀.
On the policy front, a coalition of over 30 groups filed a joint appeal against Illinois’ proposed crypto tax after a six‑month pause. At the same time, the EU’s MiCA regulator labeled Circle’s USDC as a ‘significant’ stablecoin, triggering stricter reporting and capital rules. This could raise compliance costs for U.S. issuers by up to 12 %, a figure I’m watching closely 📊.
$WAL, $SOXSB , $WAL
Polygon’s ecosystem got a regulatory boost: the network secured two U.S. payments licenses after closing its Coinme acquisition, expanding compliance across 50 states. The $150 million deal now lets Polygon process up to $2 billion daily under the new licenses. I’m optimistic this will push on‑chain activity past the 1 billion transaction milestone by Q4 2024 🚀.
On the policy front, a coalition of over 30 groups filed a joint appeal against Illinois’ proposed crypto tax after a six‑month pause. At the same time, the EU’s MiCA regulator labeled Circle’s USDC as a ‘significant’ stablecoin, triggering stricter reporting and capital rules. This could raise compliance costs for U.S. issuers by up to 12 %, a figure I’m watching closely 📊.
$WAL, $SOXSB , $WAL