POPULAR SHORT SELLER 'HINDENBERG RESEARCH' SHUTS DOWN: LINK
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James Seyffart (ETF Research analyst at Bloomberg Intelligence) on Altcoin ETFs in 2025: Blockworks
*James Seyffart said that SSAs with exchanges like Coinbase, Kraken, could satisfy the SEC's concerns about market manipulation, but the SEC has historically leaned on futures markets for approval and also SEC have lawsuits against these exchanges.
*He also said their are no SOL ETF deadlines because the SEC just didn't acknowledge filings so they basically denied them outright. He suggested that a change in SEC leadership, particularly under a potential Trump administration, could expedite the process. However, he cautioned against overly optimistic market expectations, noting that even with a more crypto-friendly SEC chair like Paul Atkins, the approval process could take until 2026. While he believes the approval of altcoin ETFs is a matter of "when, not if," he does not guarantee it will happen in 2025.
*He pointed out that if issuers file much of Solana ETF filings right after Gary Gensler steps down and a new administration takes office, the SEC's acknowledgment of these filings within a couple of weeks could provide a clearer timeline for approval. However, he questioned whether the SEC would prioritize these filings while other divisions still have open cases labeling these assets as securities. SEC might drop lawsuits against exchanges or settle them, which could pave the way for a more favorable regulatory environment. This would depend on the new leadership's willingness to resolve these legal disputes and align the SEC's internal divisions.
*Seyffart also highlighted the irony of SEC Chair Gary Gensler’s past involvement in teaching blockchain and crypto at MIT, contrasting it with his stringent regulatory stance under the Biden administration. He predicted that while a new administration might reduce regulatory headwinds, it won’t be a "free-for-all," as the SEC will still target bad actors and enforce rules.
*On 2025 Outlook: He predicts trump will repeal SAB 121 and US will not sell any more of BTC they currently holds. (He is less optimistic on the Strategic Bitcoin Reserve, He don't think Reserve helps all that much)
*James Seyffart said that SSAs with exchanges like Coinbase, Kraken, could satisfy the SEC's concerns about market manipulation, but the SEC has historically leaned on futures markets for approval and also SEC have lawsuits against these exchanges.
*He also said their are no SOL ETF deadlines because the SEC just didn't acknowledge filings so they basically denied them outright. He suggested that a change in SEC leadership, particularly under a potential Trump administration, could expedite the process. However, he cautioned against overly optimistic market expectations, noting that even with a more crypto-friendly SEC chair like Paul Atkins, the approval process could take until 2026. While he believes the approval of altcoin ETFs is a matter of "when, not if," he does not guarantee it will happen in 2025.
*He pointed out that if issuers file much of Solana ETF filings right after Gary Gensler steps down and a new administration takes office, the SEC's acknowledgment of these filings within a couple of weeks could provide a clearer timeline for approval. However, he questioned whether the SEC would prioritize these filings while other divisions still have open cases labeling these assets as securities. SEC might drop lawsuits against exchanges or settle them, which could pave the way for a more favorable regulatory environment. This would depend on the new leadership's willingness to resolve these legal disputes and align the SEC's internal divisions.
*Seyffart also highlighted the irony of SEC Chair Gary Gensler’s past involvement in teaching blockchain and crypto at MIT, contrasting it with his stringent regulatory stance under the Biden administration. He predicted that while a new administration might reduce regulatory headwinds, it won’t be a "free-for-all," as the SEC will still target bad actors and enforce rules.
*On 2025 Outlook: He predicts trump will repeal SAB 121 and US will not sell any more of BTC they currently holds. (He is less optimistic on the Strategic Bitcoin Reserve, He don't think Reserve helps all that much)
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Phantom Wallet Raises $150 Million At $3 Billion Valuation: BBG
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ETHBTC RATIO PLUNGES TO 0.03, LOWEST IN NEARLY 4 YEARS
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TRUMP'S WORLD LIBERTY FINANCIAL BOUGHT $20M ETH: ARKHAM DATA
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TRUMP MEMECOIN CRASHED 50% AFTER MELANIA TRUMP'S MEMECOIN LAUNCH
*TRUMP'S OFFICIAL ACCOUNTS REPOSTED MELANIA MEMECOIN LAUNCH POST
*TRUMP'S OFFICIAL ACCOUNTS REPOSTED MELANIA MEMECOIN LAUNCH POST
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Sam Altman: We are not gonna deploy AGI next month, nor have we built it.
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ETHEREUM FOUNDATION EXPLORING STAKING OPTIONS: VITALIK
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TRUMP TO LAY OUT TRADE VISION BUT WON'T IMPOSE NEW TARIFFS YET - WSJ
*DOLLAR FALLS AFTER WSJ REPORT THAT TRUMP WON’T IMPOSE TARIFFS ON FIRST DAY
*DOLLAR FALLS AFTER WSJ REPORT THAT TRUMP WON’T IMPOSE TARIFFS ON FIRST DAY
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NVIDIA CEO HUANG SAYS TO CONTINUE TO COOPERATE WITH CHINA - CCTV
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infinityhedge
TRUMP TO LAY OUT TRADE VISION BUT WON'T IMPOSE NEW TARIFFS YET - WSJ *DOLLAR FALLS AFTER WSJ REPORT THAT TRUMP WON’T IMPOSE TARIFFS ON FIRST DAY
TRUMP OFFICIAL CONFIRMS WSJ REPORT THAT HE'LL STOP SHORT OF IMPOSING DAY-ONE TARIFFS
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TRUMP'S WORLD LIBERTY FINANCIAL APPEARS TO BE TWAP BUYING BTC AND ETH
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CRYPTO NOT MENTIONED AS IMMEDIATE PRIORITY IN DOCUMENT SENT BY REPUBLICAN LAWMAKERS: PUNCHBOWL
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TRUMP: WE WILL TARIFF AND TAX FOREIGN COUNTRIES TO ENRICH OUR CITIZENS
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