Search Results for citation:"90 FR 9772"

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Search Results: citation:"90 FR 9772"

  • Type:Notice
    Citation:90 FR 9772
    Reading Time:about a minute or two

    The Securities and Exchange Commission is holding a closed meeting on Thursday, February 20, 2025, at 1 p.m. The meeting will take place remotely and/or at the Commission's headquarters in Washington, DC. During the meeting, topics such as the initiation and settlement of legal actions, administrative proceedings, and other enforcement-related matters will be discussed. Changes to the meeting schedule or location will be announced on the SEC's website, and for more details, Vanessa A. Countryman from the Office of the Secretary can be contacted.

    Simple Explanation

    The Securities and Exchange Commission is having a private meeting on February 20, 2025, to talk about important legal cases and rules. They're not telling people exactly what will be discussed, but they’ll update if anything changes.

  • Type:Notice
    Citation:90 FR 9772
    Reading Time:about 54 minutes

    The Securities and Exchange Commission is considering a proposal from Cboe BZX Exchange to list and trade shares of the Bitwise Solana ETF, which would track the performance of SOL, a digital asset on the Solana Network. This proposal argues that the ETF would provide a transparent and regulated way for U.S. investors to access SOL, potentially reducing risks and costs associated with alternative investments. Bitwise believes that the decentralized and global nature of SOL trading makes it difficult to manipulate, addressing past SEC concerns about market manipulation. The SEC seeks public comments on this proposal before making a decision on its approval.

    Simple Explanation

    Cboe BZX Exchange wants to offer a new way for people to invest in a digital money called Solana (SOL). They believe this will make it safer and easier for people to invest, and now they're waiting for the SEC to give the thumbs up.