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On the 24th, the Dubai Financial Services Authority (DFSA) recognized USDC and EURC, the dollar and euro-pegged stablecoins of Circle, as the first officially circulated stablecoins within the Dubai International Financial Center (DIFC) under its own regulatory framework.
2. Canari Capital Submits ETF Application for Hedera Spot ETF
On the 24th, Nasdaq submitted a '19b-4' ETF review request to the US Securities and Exchange Commission (SEC) for the Hedera (HBAR) spot exchange-traded fund (ETF) applied by Canari Capital. Last week, Canari Capital submitted an 'S-1' application for a Hedera spot ETF to the SEC. If Nasdaq's ETF review request is approved, the Hedera spot ETF can be listed and traded on Nasdaq.
3. US SEC Task Force Continues Meetings with Crypto Firms, Dismissing Many Lawsuits?
It was revealed that the SEC's Task Force (TF) team, launched in early February, has been holding frequent meetings with major cryptocurrency firms in the US. According to documents submitted by the SEC TF team to the SEC on the 24th, the SEC TF team met with numerous cryptocurrency executives, including Michael Saylor, over the past week. The SEC TF team publicly expressed the opinion that they are re-evaluating the previous leadership's decision to classify many cryptocurrencies as securities, after meetings with numerous US firms.
4. South Dakota State Bill to Allow Bitcoin Investment Fails to Pass
South Dakota state legislators who were pushing for Bitcoin (BTC) accumulation effectively scrapped the bill to allow Bitcoin accumulation through a House meeting held on the 24th. South Dakota House members decided to postpone the review of the Bitcoin accumulation bill 'HB1202' by 41 days, and since the legislative period does not exceed 40 days, the passage of HB1202 has effectively failed.
5. OKX Settles with US Department of Justice, Agrees to Pay $505 Million Fine
The global cryptocurrency exchange OKX settled its lawsuit with the US Department of Justice (DOJ) on the 24th by paying a $505 million fine. Previously, the DOJ had accused OKX of operating a money transmission business without a license, violating the US anti-money laundering law.
