Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today, in crypto, the US Securities and Exchange Commission (SEC) delayed its decision to allow in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs. US lawmakers have advanced three crypto bills after a nine-hour session, the longest vote in the US House’s history. Meanwhile, the US House of Representatives allowed three Republican-led crypto bills to be considered in the chamber after a previously failed vote.
The US Securities and Exchange Commission (SEC) extended its deadline to decide on whether to allow in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs on NYSE Arca.
While the SEC did not exceed its maximum 90-day review limit, it stated that more time is needed to fully consider the implications of the proposed rule change. If approved, in-kind redemptions would let investors receive Bitcoin or Ether directly instead of cash, potentially offering tax benefits.
