South Korea crypto regulation: stablecoin interest payments to be banned under new 2025 law

PANews reported on September 18th that according to Cointelegraph, following scrutiny by several U.S. lawmakers, a spokesperson for David Sacks, the "Czar" of U.S. artificial intelligence and cryptocurrency affairs, refuted claims that he may have exceeded the 130-day term limit for Special Government Employees (SGEs). Sacks' spokesperson told CNBC on Wednesday that he carefully manages the number of days in his SGE term to ensure it does not exceed the limit, and that these days do not need to be consecutive. Previously, US lawmakers, including Massachusetts Senator Elizabeth Warren, questioned whether Sacks had exceeded the term limit for his short-term federal position. The group argued that because Sacks holds the position of "special government employee" (a position with a 130-day annual work limit), he should disclose the number of days he has served since US President Trump's inauguration on January 20. As of Wednesday, 167 work days had passed since Trump's inauguration (excluding US public holidays). To stay within the 130-day limit, Sacks would need to have taken at least 37 days of leave during that time.

TLDR BofA Securities upgraded NuScale Power (NYSE:SMR) from Underperform to Neutral but cut its price target from $34 to $28 The stock has dropped approximately

The post XRP, SHIB, HBAR Among 15 to Get Faster Crypto ETF Approval Under SEC’s New Rule appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) approves proposed rule changes to adopt generic listing standards for crypto exchange-traded funds (ETFs) filed under the commodity rule by securities exchanges such as Nasdaq. This makes XRP, Shiba Inu (SHIB), and Hedera (HBAR) among 12-15 crypto assets eligible for faster ETF launch. US SEC Passes Generic Listing Standards for Crypto ETFs The U.S. SEC approves generic listing standards for crypto ETFs, according to an official announcement by the commission on September 17. Nasdaq, NYSE, and Cboe can now list and trade commodity-based trust shares of eligible spot commodities, including digital assets, without submitting a 19b-4 form. This reduces the crypto ETF approval timeline from 240 days to 75 days under the Securities Act of 1933. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets,” said SEC Chairman Paul S. Atkins. U.S. SEC Approves Crypto Generic Listing Standards. Source: SEC “This approval helps to maximize investor choice and foster innovation by streamlining the listing process and reducing barriers to access digital asset products within America’s trusted capital markets,” he added. The generic listing standards provide much-needed regulatory clarity and certainty to the investment community, while ensuring investor protections. Bloomberg ETF analysts Eric Balchunas and James Seyffart expect more than 100 crypto ETFs to launch in the next 12 months. The existing spot crypto ETFs may see accelerated approval in the coming weeks. XRP, SHIB, HBAR Among 15 Top Crypto Eligible for Faster Approval Crypto assets that have futures contract trading on a regulated platform, such as Coinbase, are eligible for faster approval within 75 days. Bloomberg senior ETF analyst Eric Balchunas revealed 12-15 coins that have futures on Coinbase. These include XRP, Shiba…