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Author: Admin | 2025-04-28
Liquidity providers and market makers holding over $50 million in capital to register with the agency. Members of the crypto community argued such a change would impose several requirements on DeFi protocols, most of which don't have a centralized authority. Texas District Court Judge Reed O’Connor stated the SEC exceeded its statutory authority by enacting a broad definition of a dealer. Blockchain Association CEO Kristin Smith called the development a complete victory, stating.“Complete and total victory today in our case against the SEC over the dealer rule. Following the SEC’s voluntary dismissal of its own appeal, the crypto industry can breathe a sigh of relief. The future is bright for our industry. Let’s keep building.”Franklin Templeton Expands Crypto Offerings With New ETF Franklin Templeton has expanded its offerings in the crypto investment space by launching the Franklin Crypto Index ETF, EZPZ. The ETF debuted on the Cboe BZX exchange on Thursday, giving investors weighted exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF tracks its performance based on the CF Benchmark’s Institutional Digital Asset Index. The index focuses on digital assets that align with financial regulations and established capital market standards. As of February, the ETF holds 87% Bitcoin and 12% Ethereum. Coinbase will manage custody. Franklin Templeton announced the launch on X, stating, “Franklin Templeton is excited to launch $EZPZ, our latest exchange-traded product (ETP) that provides exposure to bitcoin and ether without the hassle of buying them directly. This innovative offering plans to add new digital assets as they become eligible for inclusion in the Underlying Index, pending necessary regulatory approvals.”The ETF is the latest addition to Franklin Templeton’s growing suite of digital asset investment products and offerings. It comes after the successful launch of the Franklin Bitcoin ETF (EZBC) and the Franklin Ethereum ETF (EZET) in July 2024. Roger Bayston, Digital Assets Head at Franklin Templeton, stated, “With EZPZ, we’re offering a simple, low-cost way to gain exposure to this growing and important asset class.”Bitcoin (BTC) Price Analysis Bitcoin (BTC) is preparing for a move past $100,000 as it shed its recent bearishness to initiate a steady climb above $98,000, a key level it needs to surpass. The flagship cryptocurrency is up nearly 2% over the past 24 hours as it continues to gain momentum in what is turning out to be a positive week. BTC has been in consolidation mode since the beginning of February when it dropped below $100,000 and the 20 and 50-day SMAs. It has struggled to build momentum since, briefly passing $100,000 on February 7 before falling back into range. Analysts and market watchers hope BTC’s current rally can push it past the crucial $100,000 level and ignite a move towards $105,000.
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