At the moment in crypto, Kenya’s crypto startups worry a Binance-linked foyer group may tilt new rules within the alternate’s favor underneath the proposed VASP invoice, ETF analysts are assured of REX Shares launching a Solana staking ETF very quickly. In the meantime, Coinbase lands on TIME’s 100 Most Influential Corporations record.
Binance ties to Kenyan crypto board increase monopoly considerations: Report
Some crypto startups are elevating considerations over Kenya’s proposed digital asset service suppliers (VASP) Invoice, warning it may hand outsized affect to a Binance-linked foyer group, probably undermining truthful competitors within the nation’s digital asset {industry}.
Based on disclosures seen by The Kenyan Wall Road, a personal suppose tank referred to as the Digital Asset Chamber of Commerce (VAC) can be included on the regulatory board established underneath the draft regulation.
Some crypto stakeholders in Kenya declare that VAC has run Binance-sponsored regulatory talks, lacks independence and acts as a proxy for the alternate.
“All regulation convos by VAC that occurred just lately have been sponsored by Binance. Then VAC, a personal consulting entity, with a non-compete with Binance ‘magically’ will get a regulatory seat? How is that this truthful? How is that this constitutional?” one stakeholder informed The Kenyan Wall Road.
‘All methods go’ for Solana staking ETF to launch any second: Analysts
ETF supplier REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a profitable response to suggestions from the US Securities and Change Fee (SEC).
“Rex additionally filed an up to date prospectus, which completely crammed in. Add all of it up, and it seems as if all methods go for imminent launch,” ETF analyst Eric Balchunas stated in an X put up on Friday.
ETF Retailer president Nate Geraci stated in an X put up on the identical day that it seems just like the SEC are open to REX Shares extremely uncommon c-corp enterprise construction used within the fund, which the SEC beforehand argued conflicts with the 6C-11 rule, also called “the ETF rule.”
Coinbase joins TIME’s illustrious record of 100 Most Influential Corporations
Cryptocurrency alternate Coinbase was named as one of the vital influential corporations of 2025 by TIME — a serious US-based information publication.
The corporate was labeled as a “disruptor” by TIME and a serious supply of coverage advocacy for the rising crypto {industry}. The information publication wrote this for the Coinbase bio:
“The corporate, which in Could turned the primary crypto inventory to be added to the bellwether S&P 500 index, is a key driver of the {industry}’s coverage efforts in Washington D.C. If industry-friendly payments are handed, Coinbase stands to grow to be a fair greater hub for US crypto exercise.”
Coinbase continues to be a gauge of the well being of the crypto {industry} in america, and being featured in publications like TIME alerts that the {industry} is gaining legitimacy.
