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Search Results: keywords:"G7 Digital

  • Type:Notice
    Citation:90 FR 9560
    Reading Time:about 48 minutes

    The Securities and Exchange Commission (SEC) announced that the Cboe BZX Exchange, Inc. proposed a rule change to list options on the Fidelity Ethereum Fund. This proposal aims to allow trading of options that would make it easier and cheaper for investors to gain exposure to Ethereum, a popular cryptocurrency, without the complexities of dealing directly with the underlying asset. The Exchange argues that this will promote transparency and enhance market competition by moving such trading from the over-the-counter market to a regulated environment. The proposed options would have certain size limits to prevent market manipulation, and the SEC is inviting public comments on this proposal before making a final decision.

    Simple Explanation

    The SEC is thinking about letting people trade options, which are like special permission slips to buy or sell, for something called the Fidelity Ethereum Fund—a way to get bit parts of a magical internet money called Ethereum—on a special market. This would be like moving from trading in secret to trading with everyone watching to keep it fair. 🪙📈

  • Type:Notice
    Citation:89 FR 95834
    Reading Time:about 49 minutes

    The Securities and Exchange Commission has announced the filing by BOX Exchange LLC of a rule change to allow options trading on two Bitcoin funds: the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. These changes involve amendments to certain rules regarding position limits and criteria for underlying securities, similar to recent approvals granted to Cboe Exchange. The Exchange emphasizes the potential benefits for investors, such as improved market efficiency and transparency, and asserts that its existing surveillance measures are sufficient to ensure fair trading and detect any manipulative practices. The proposed rule change is expected to enhance competition and offer investors a new, priced-efficient way to access Bitcoin-related securities.

    Simple Explanation

    The government has allowed a company to let people trade new types of contracts that deal with Bitcoin funds, making it easier and safer for everyone to invest in Bitcoin. They promise to keep an eye on things to make sure no one cheats or tricks others.

  • Type:Notice
    Citation:90 FR 10745
    Reading Time:about 57 minutes

    The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by Cboe EDGX Exchange, Inc., to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. These proposed ETFs, backed by Ethereum, aim to give investors a more straightforward method to invest in Ethereum without handling the cryptocurrency directly. The rule change seeks to establish guidelines on listing, trading specifications, position and exercise limits, and ensures these options meet existing trading regulations. The SEC is open to public comments on this proposal as part of its decision-making process.

    Simple Explanation

    The SEC is thinking about letting a company create special new options for trading money-like items called Ethereum without using real Ethereum. People can say what they think about this idea before it decides.

  • Type:Notice
    Citation:90 FR 16402
    Reading Time:about 49 minutes

    The Securities and Exchange Commission (SEC) received a proposed rule change from the Cboe EDGX Exchange, Inc., which the Exchange has already deemed non-controversial. The proposal aims to allow listing options on the iShares Ethereum Trust, enabling investors to trade these options in a more regulated environment compared to over-the-counter exchanges. The proposal outlines how these options will be managed and supervised, ensuring that they adhere to existing trading rules and limits. Overall, this move is seen as beneficial for investors, providing more opportunities to trade Ethereum-related options while ensuring market transparency and oversight.

    Simple Explanation

    The Cboe EDGX Exchange wants to let people trade special bets called "options" on a big pool of pretend money known as the iShares Ethereum Trust. This means people can trade these bets more safely, like playing a game with clear and fair rules.

  • Type:Notice
    Citation:90 FR 16348
    Reading Time:about 49 minutes

    The Cboe BZX Exchange, Inc. proposed a rule change to allow listing of options on the iShares Ethereum Trust, which involves trading options on a fund that represents interests in Ethereum. This proposal is aligned with a similar rule change approved for Nasdaq ISE, LLC and aims to provide investors with a lower-cost tool for gaining exposure to Ethereum. The Exchange has set conservative position and exercise limits for these options to ensure market stability and plans to follow the same rules that apply to other Exchange-Traded Fund (ETF) options. This new offering is expected to enhance market transparency and provide an alternative to the unregulated over-the-counter options market.

    Simple Explanation

    The Cboe BZX Exchange wants to allow trading of options on a fund that holds Ethereum, offering people a new way to invest in Ethereum. By doing this, they hope to make it easier and safer for people to trade options and help people avoid some risky ways of trading outside the regular market.

  • Type:Proposed Rule
    Citation:89 FR 102091
    Reading Time:about 45 minutes

    The National Marine Fisheries Service (NMFS) proposes a new regulation to enable electronic filing of the Certification of Admissibility (COA) form for importing certain fish and fish products to the United States. This rule aims to streamline the entry process for non-restricted seafood imports while maintaining adherence to laws like the Marine Mammal Protection Act, enabling consistency across programs and reducing paperwork burdens. By automating the COA process through the Automated Commercial Environment (ACE) portal, NMFS intends to facilitate trade while ensuring compliance with U.S. import restrictions on fisheries from foreign nations. Stakeholders, including importers and exporters, are encouraged to submit their comments on the proposal by February 18, 2025.

    Simple Explanation

    The National Marine Fisheries Service wants to make it easier to bring fish into the U.S. by using computers instead of paper to fill out special forms that say the fish are allowed, but they need to make sure everyone can understand and work with the new rules.

  • Type:Notice
    Citation:89 FR 95871
    Reading Time:about 44 minutes

    The Securities and Exchange Commission (SEC) has announced a proposed rule change by MEMX LLC, which aims to amend Exchange Rule 19.3. This change would allow the exchange to list and trade options on the iShares Bitcoin Trust, providing investors a chance to engage with Bitcoin through a public market rather than directly. The new rule outlines measures like custody provisions, position limits, and compliance with existing standards for trading and oversight. MEMX believes this proposal will give investors more options for managing their investments and hedging risks related to Bitcoin.

    Simple Explanation

    MEMX, a stock exchange, wants to change some rules so people can buy and sell options (like a type of contract) on Bitcoin in a safer and more controlled way, instead of just owning Bitcoin directly. This will help people have more choices in how they handle their money and keep it safe.

  • Type:Rule
    Citation:90 FR 5582
    Reading Time:about 47 minutes

    The Social Security Administration has issued a Temporary Final Rule (TFR) extending the flexibility in evaluating the "close proximity of time" standard for musculoskeletal disorder listings until May 11, 2029. This extension allows the administration more time to study healthcare practices and access, especially given the increased use of telehealth services after the COVID-19 Public Health Emergency. The rule aims to accommodate the ongoing changes in healthcare access and provision by allowing more time for individuals to meet the required medical listing criteria for disability claims. The public is invited to submit comments on this rule by March 18, 2025.

    Simple Explanation

    The Social Security Administration wants more time to see how doctors and patients use new ways of meeting, like online video calls, before deciding on new rules for people with certain health problems. They will keep using the current rules until 2029 and are asking people to share their thoughts.

  • Type:Notice
    Citation:86 FR 7542
    Reading Time:about 4 minutes

    The Department of Commerce and NOAA are gathering feedback on their information collection related to 3D elevation data in the United States, under the Paperwork Reduction Act of 1995. This request is part of the ongoing 3D Nation Elevation Data Requirements and Benefits Study, which aims to improve technology systems and data services by understanding the needs and uses of 3D data. The study invites comments from government, academic, nonprofit, and commercial entities to better shape future programs. Comments are open until March 30, 2021, and participants will provide input through surveys and possible interviews.

    Simple Explanation

    The Government wants people to tell them what they think about using special 3D pictures that show the shape of the land and water. They want to make sure the information they collect is helpful and not too hard for people to give.

  • Type:Rule
    Citation:89 FR 106168
    Reading Time:about 5 hours

    The Securities and Exchange Commission (SEC) has adopted new rules and amendments to enhance the security and management of accounts on their EDGAR system, referred to as "EDGAR Next." These changes, effective March 2025, require filers to authorize specific individuals as account administrators using credentials obtained through a government service called Login.gov. Filers must also keep their account information accurate and perform an annual confirmation. Additionally, the SEC will offer optional APIs for more efficient electronic submissions and account management.

    Simple Explanation

    The SEC is making its online system for financial information safer and easier to use by having adults in charge of each profile, just like how libraries have librarians. Starting next year, people using this system will need a special key from a website called Login.gov to show they’re allowed in, and they’ll also get new tools to help them send their information more easily.