According to a recent JPMorgan research report, Tether—the issuer of USDT and a dominant player in the digital asset market with a market capitalization of approximately $117 billion— could find it difficult to comply with upcoming regulations that aim to transform the industry as regulatory oversight of stablecoins increases.
The U.S. has seen the introduction of its first Bitcoin-related leveraged exchange-traded fund (ETF) with the launch of MSTX by Defiance ETFs, marking another significant milestone in the adoption of cryptocurrency among institutional investors.
Nasdaq ISE, LLC recently filed notices to withdraw its proposals for listing and trading options on spot Bitcoin and Ethereum exchange-traded funds (ETFs). According to filings on the U.S. Securities and Exchange Commission's (SEC) website, the exchange officially withdrew these proposals on Tuesday.
Top stories in the Crypto Roundup today:
- JPMorgan Highlights Regulatory Challenges for Tether Amidst Growing Crypto Oversight
- Defiance Launches First U.S. Leveraged MicroStrategy ETF, Amplifying Bitcoin Exposure
- Several U.S. Exchanges Withdraw Their Proposals for Options on Spot Bitcoin ETFs