Search Results for citation:"90 FR 11449"

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Search Results: citation:"90 FR 11449"

  • Type:Notice
    Citation:90 FR 11449
    Reading Time:about 3 minutes

    In August 2024, Cboe Exchange proposed a rule change to the Securities and Exchange Commission (SEC) to allow the trading of options on an Ethereum-based product called the Fidelity Ethereum Fund. After reviewing the proposal and receiving comments, the SEC extended its review period to ensure ample time for consideration, setting a deadline of May 2, 2025, to make a decision on whether to approve or disapprove the rule change. The proposal had already been adjusted through an amendment to focus only on the Fidelity Ethereum Fund, limiting the scope and setting specific trading rules for the options.

    Simple Explanation

    In August 2024, a company wanted to let people buy and sell special bets called "options" based on a digital money pot called the Fidelity Ethereum Fund. The grown-ups in charge needed more time to think about whether to say yes or no to this idea, so they decided to wait until May 2025 to make their choice.

  • Type:Notice
    Citation:90 FR 11449
    Reading Time:about a minute or two

    The Department of State has announced that certain individuals have been added to the Department of Treasury's Specially Designated Nationals and Blocked Persons List (SDN List). This decision was made under an Executive Order that reinstates certain sanctions related to Iran. As a result, any property these individuals have under U.S. jurisdiction is blocked, and Americans are generally not allowed to engage in transactions with them. More information about these sanctions can be found on the OFAC website.

    Simple Explanation

    The U.S. government has added some people to a list that stops them from doing business in America because of rules about Iran. This means their things in the U.S. are frozen, and Americans can't buy or sell stuff with them.