US SEC APPROVED SPOT BITCOIN ETFS

US BANK REGULATOR PROPOSES GREATER M & A TRANSPARENCY

The US Securities and Exchange Commission ( SEC ) has approved the first spot Bitcoin exchangetraded funds ( ETF ), in what is widely being described as a watershed moment for the crypto industry .

The securities regulator gave the go-ahead to 11 ETFs , representing a significant milestone and potentially opening the floodgates to mass crypto adoption .

The US banking regulator , the Office of the Comptroller of the Currency ( OCC ), has proposed fresh banking regulations for mergers and acquisitions ( M & As ) in a bid to increase transparency around the process and ensure deals are not approved without sufficient scrutiny .

The OCC ’ s proposal comes amid industry-wide criticism that regulators are non-transparent in their review of bank deals .

10 March 2024