At this time, in crypto, the US Securities and Change Fee (SEC) delayed its resolution to permit in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs. US lawmakers have superior three crypto payments after a nine-hour session, the longest vote within the US Home’s historical past. In the meantime, the US Home of Representatives allowed three Republican-led crypto payments to be thought of within the chamber after a beforehand failed vote.
SEC delays in-kind redemption resolution for Bitwise crypto ETFs
The US Securities and Change Fee (SEC) prolonged its deadline to determine on whether or not to permit in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs on NYSE Arca.
Whereas the SEC didn’t exceed its most 90-day evaluation restrict, it said that extra time is required to totally contemplate the implications of the proposed rule change. If authorised, in-kind redemptions would let buyers obtain Bitcoin or Ether instantly as an alternative of money, probably providing tax advantages.
SEC’s deadline extension submitting. Supply: SEC
The transfer comes amid rising criticism that the SEC is delaying key crypto choices. Grayscale not too long ago challenged the company’s dealing with of its Digital Massive Cap ETF, accusing it of violating statutory deadlines. Nonetheless, the SEC seems to be shifting its stance below Chair Paul Atkins, appointed below the Trump administration, who has pledged a extra clear and innovation-friendly method.
Crypto payments transfer ahead after nine-hour stalemate on Home flooring
Home Republican leaders have reduce a deal to maneuver ahead with three crypto payments that have been caught in a record-long procedural vote after Republican hardliners refused to again down on central financial institution digital currencies.
A vote to arrange flooring debate on the payments was open for over 9 hours — the longest within the Home’s historical past. The measure finally handed late on Wednesday with a vote of 217-212 in favor.
The crypto invoice is hanging in limbo. pic.twitter.com/DW4HCrqVDm
— Tim Burchett (@timburchett) July 16, 2025
A gaggle of Republican holdouts initially refused to help the vote except a ban on central financial institution digital currencies (CBDCs) was assured to move, however Home Majority Chief Steve Scalise advised reporters on Wednesday that Republicans will now as an alternative add a CBDC ban to a must-pass protection spending invoice, the Nationwide Protection Authorization Act (NDAA).
Three US crypto payments revived after preliminary failure in Home vote
The US Home of Representatives has cleared the best way for 3 Republican-led crypto payments to be thought of within the chamber after a failed vote on Tuesday.
In a Wednesday flooring vote within the Home, lawmakers voted 215-211 in favor of a decision to rethink a bundle with payments to control fee stablecoins, set up crypto market construction and prohibit the event of a US central financial institution digital forex (CBDC).
The passage might result in amendments to the payments and votes on the laws itself quickly as a part of Republicans’ plans to move them earlier than Congress breaks for an August recess.
Although the movement to rethink handed, the Home had but to comply with the decision. Studies recommended lawmakers have been debating the right way to transfer ahead. On the time of publication, the vote remained open.
Regardless of political stress from US President Donald Trump, 5 Republicans didn’t vote in favor of reconsidering the decision. 13 Home Republicans triggered the vote to fail on Tuesday, a number of of whom expressed considerations in regards to the lack of CBDC provisions within the stablecoin invoice, the Guiding and Establishing Nationwide Innovation for US Stablecoins, or GENIUS Act.
