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SEC
Democrat House Leadership Says Crypto Bill Vote Won't Be Whipped
Ranking members strongly oppose this bill as written, an email obtained by Politico reads.

Ether ETFs Filing Process Sees Abrupt Progress, Though Approval Not Guaranteed: Sources
Exchanges are being asked to update 19b-4 filings on an accelerated basis by the U.S. Securities and Exchange Commission

Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
An encouraging sign of bipartisan agreement over sane digital asset rules is also business as usual.

U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat
A dozen Democrats joined 48 Republicans in voting to repeal SAB 121.

House Resolution to Overturn Controversial SEC Rule Likely to Pass in Senate: Sources
Critics of the SEC bulletin argue it constrains companies unfairly.

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question
The exchange wants an appeal court to rule on whether conventional securities rules apply to crypto. Coinbase hopes they don't.

TON, RNDR Surge; Kraken Asks Court to Dismiss SEC Claims
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as TON, and RNDR tokens have rallied over 13% in 24 hours. Plus, Kraken's lawyers have asked a court to dismiss the SEC's claims against the exchange. And, Binance and KuCoin became the first offshore crypto-related entities to be approved by India's anti-money laundering unit.

Kraken Asks Court to Dismiss SEC Claims to Avoid 'Significant Reordering' of U.S. Financial Structure
Judge William H. Orrick is scheduled to hear the matter on June 12.

Will Biden Get the Final Say Over a Controversial Crypto Accounting Rule?
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”

Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorgan
Potential legal action against Robinhood should be viewed as a continued attempt by the SEC to reinforce its stance that all crypto tokens other than bitcoin and ether should be classified as securities, the report said.
