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Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated that he would approve the securities report 'S-1s' of the Ethereum (ETH) spot exchange-traded fund (ETF), which has not yet been approved by the SEC, within the summer of this year. The period usually referred to as summer in the United States is June to August. Chairman Gensler attended the U.S. Senate Appropriations Committee hearing on the 13th and answered a question about the approval of the Ethereum spot ETF. He said that the approval date for the Ethereum spot ETF S-1s is expected to be this summer due to the revision of the applicants' documents and the SEC's document review. . Last month, the SEC only approved '19b-4', the ETF review request, but did not approve S-1s, the securities report for official launch.
2. Michael Saylor issues another $500 million bond to purchase Bitcoin
‘Bitcoin (BTC) big player’ Michael Saylor announced that MicroStrategy, which he leads, will issue additional corporate bonds for the purpose of issuing additional Bitcoin. In an official statement on the 13th, Saylor announced that it would issue additional corporate bonds worth $500 million for the purpose of securing additional Bitcoin for MicroStrategy. Previously, Saylor had issued corporate bonds worth $500 million and $600 million, respectively, for the purpose of purchasing additional Bitcoin on two occasions.
3. Ripple unveils XRPL stablecoin ticker name ‘RLUSD’
Ripple announced the official ticker ‘RLUSD’ for its Ripple Ledger (XRPL)-based stablecoin. Brad Garlinghouse, CEO of Ripple, announced the official name of Ripple's stablecoin at the Rippler Apex Summit held in Amsterdam on the 14th and announced that RLUSD will be distributed in the market linked to the U.S. dollar with all necessary licenses secured prior to launch. .
4. U.S. court approves $4.5 billion fine agreement between Kwon Do-hyung and SEC
The U.S. court approved a $4.5 billion (KRW 6.3 trillion won) fine settlement agreement between Kwon Do-hyung, former CEO of Terraform Labs, the main culprit in the Terra/Luna crash, and the SEC. On the 13th, New York District Court Judge Jed Rakoff signed the agreement submitted by Kwon's legal representative and the SEC on the 12th. According to the settlement submitted by Mr. Kwon's legal representative and the SEC, Mr. Kwon must pay a $3.6 billion fine, a $420 million civil penalty, and $67 million in pre-deposit interest.
Reporter Seungwon Kwon ksw@
