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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.

Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Core Solana ETF under their specific rules for Commodity-Based Trust Shares. The primary goal is to give investors regulated access to Solana, a popular cryptocurrency. Cboe argues that trading Solana in this way can limit risks for investors typically exposed to through unregulated digital asset platforms. The proposal emphasizes that Solana's design makes it challenging to manipulate its price, aiming to address concerns about fraud and investor protection.

The Securities and Exchange Commission has received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Canary Solana Trust under BZX Rule 14.11(e)(4), which covers Commodity-Based Trust Shares. The Trust aims to track the performance of SOL, a digital asset from the decentralized Solana Network, focusing on preventing fraudulent and manipulative practices. To do this, they plan to utilize various security measures, including transparency in pricing and information dissemination. The SEC is seeking public comments before making a final decision, with the deadline set for March 11, 2025.

The Environmental Protection Agency (EPA) has finalized a rule under the Toxic Substances Control Act to regulate the chemical 2,4,6-tris(tert-butyl)phenol (2,4,6-TTBP) due to its persistent, bioaccumulative, and toxic nature. This rule prohibits the sale and distribution of products containing more than 0.3% of 2,4,6-TTBP in containers smaller than 35 gallons, effective January 6, 2026. The rule aims to reduce exposure to this chemical, particularly for consumers and small businesses using fuel and oil products. It requires that records of compliance be maintained for three years after the rule takes effect.

The final regulations from the Treasury Department and Internal Revenue Service (IRS) implement changes to sections 263A, 448, 460, and 471 of the Internal Revenue Code, as amended by the Tax Cuts and Jobs Act. These changes simplify tax accounting rules for certain small businesses with average annual gross receipts not exceeding $25 million. The regulations allow eligible taxpayers to use different accounting methods that reduce complexity and lower compliance burdens. For instance, they can avoid detailed inventory accounting and use simpler procedures, reflecting tax law adjustments aimed at supporting small enterprises.

The Securities and Exchange Commission (SEC) announced that Nasdaq PHLX LLC has proposed a new rule to allow the listing and trading of options based on 1/100th of the Nasdaq-100 Index, known as Nasdaq 100 Micro Index Options (XND). These micro options are designed to offer more affordable opportunities for retail investors interested in trading options on the Nasdaq-100 Index. Similar to existing options, XND options will be European-style and cash-settled, but will require less capital, making them more accessible. The SEC is soliciting public comments on this proposed rule change before making a final decision.

The Environmental Protection Agency (EPA) is proposing to approve revisions submitted by California concerning its State Implementation Plan (SIP), which includes regulations for reducing emissions from new vehicles and engines. The updates encompass several rules on vehicle emissions, such as transitioning to more zero-emission trucks and shuttles, extending warranties for heavy-duty diesel engines, and setting up testing standards for zero-emission powertrains. These regulations are designed to help California meet federal air quality standards and reduce air pollution from vehicles. Comments on this proposal are open until January 21, 2025.

The document is a final rule published by the Internal Revenue Service (IRS) and the Treasury Department that identifies certain related-party transactions involving partnerships as transactions of interest due to potential tax avoidance. These transactions, involving adjustments to the basis of partnership property, must be disclosed to the IRS by material advisors and certain participants. The rule includes specific requirements and thresholds for which transactions must be reported and aims to gather additional information to prevent tax avoidance, while accommodating concerns about administrative burdens and compliance costs for smaller businesses. This rule will take effect on January 14, 2025, with extensions provided for some disclosures.

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the VanEck Solana Trust under BZX Rule 14.11(e)(4). This rule pertains to Commodity-Based Trust Shares. The Exchange suggests that Solana (SOL) is resistant to price manipulation and highlights the regulation's aim to create a safer and more transparent investment option for U.S. investors, addressing manipulation concerns and ensuring compliance with the Act. The SEC invites public comments on this proposal before making a decision to approve or disapprove it.

The Federal Trade Commission (FTC) has proposed a consent agreement with Amazon regarding allegations of misappropriated driver tips through its Amazon Flex program. Between late 2016 and August 2019, Amazon allegedly withheld nearly a third of tips that customers intended for drivers, amounting to approximately $61 million, despite claiming to pass 100% of tips to drivers. The agreement requires Amazon to pay back the full amount withheld and prohibits the company from changing its tipping practices without driver consent. The proposal is open for public comments until March 12, 2021, before final approval by the FTC.