Seeds of Wisdom RV and Economic Updates Thursday Evening 4-24-25
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US SEC DELAYS DECISIONS ON POLKADOT AND HEDERA ETFS AS AGENCY WEIGHS DOZENS OF CRYPTO PROPOSALS
The SEC is extending its deadline to June 11, according to filings published on Thursday.
It will also delay a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.
The U.S. Securities and Exchange Commission is pushing back its deadline for a few proposals to list and trade crypto funds based on Polkadot and Hedera's tokens. The agency is weighing dozens of filings to launch crypto exchange-traded funds.
The SEC is delaying its decision until June 11 to approve or disapprove a proposal from Grayscale to convert its Polkadot Trust as well as one from Canary to list an HBAR ETF, according to filings posted on Thursday. It originally had until the end of this week to make a judgement. The agency is also delaying a decision on the Bitwise Bitcoin and Ethereum ETF until June 10.
"The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change, as modified by Amendment No. 1, so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said in the HBAR filing.
Filings for the Grayscale Polkadot Trust and the Canary HBAR ETF were made in February as firms look to launch a variety of crypto ETFs in what is expected, and is so far, a crypto-friendlier SEC.
Since President Donald Trump took office in January, the SEC has shown an openness to the crypto industry through public crypto roundtables while also dropping several lawsuits against crypto firms. The next roundtable is on Friday and is focused on crypto custody.
Under former SEC Chair Gary Gensler, the agency approved the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs later in July, following a decisive court ruling brought on by Grayscale.
@ Newshounds News™
Source: The Block
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BRICS: EUROPEAN PARLIAMENT IN FINAL TALKS TO REMOVE CHINA SANCTIONS
The European Parliament is in the “final stages” of discussions with Beijing about removing sanctions on China, according to a Parliament spokesperson. “Discussions with the Chinese authorities are continuing and in their final stages,” the spokesperson said Thursday. The Chinese government put retaliatory sanctions on some MEPs in 2021, after the EU sanctioned some Chinese officials and entities over alleged human rights abuses in Xinjiang.
European Parliament President Roberta Metsola “will first inform group leaders once there is official confirmation from the Chinese authorities that sanctions have been lifted. It has always been the EP’s intention to have sanctions lifted and resume relations with China”, the spokesperson added.
Further sanctions, amounting to a visa ban and asset freezes in mainland China, Hong Kong, and Macau, were applied to a group of EU ambassadors who sat on the powerful European Council’s Political Security Committee, as well as the Mercator Institute for China Studies think tank and several other researchers. It is unclear if those sanctions are also set to be lifted, as representatives have yet to comment on further sanctions being cleared.
More Good News For China
The news is another positive for China, which earlier today also found out that their tariffs from the US may be lowered to 50%.
The Trump administration currently examines different methods for reducing the American trade barrier on Chinese imports, which he imposed in his second term, through possible reductions of 50% to 65%. Ears of political representatives are exploring a plan that duplicates previous House Committee on China recommendations.
China, meanwhile, has embarked on a charm offensive of its own, trying to rally European governments to fight Trump’s duties together. On Tuesday, China’s Foreign Minister Wang Yi spoke by phone with the foreign ministers of Austria and Britain, in an effort to convince them to oppose US moves.
“The US uses tariffs as a weapon to launch indiscriminate attacks on various countries … as a responsible country, China has stood up to stop it, not only to safeguard its own legit rights and interests, but also to safeguard international rules and the multilateral trading system,” Wang said.
@ Newshounds News™
Source: Watcher Guru
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