Search Results for citation:"90 FR 12387"

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Search Results: citation:"90 FR 12387"

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  • 2025-04186 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Grayscale Cardano Trust (ADA) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
    Type:Notice
    Citation:90 FR 12387
    Reading Time:about 2 minutes

    On February 10, 2025, NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Cardano Trust under NYSE Arca's Commodity-Based Trust Shares rule. This proposal was modified by Amendment No. 2 and published for public comment on February 28, 2025. The SEC has decided to extend the usual 45-day period for decision-making to give themselves more time to consider the proposal and any related issues. They now have until May 29, 2025, to either approve, disapprove, or begin proceedings to decide whether to disapprove the proposal.

    Simple Explanation

    In a nutshell, the people who make important rules about buying and selling bits of a pretend money called Cardano are taking extra time to decide whether or not they should allow a big company to sell this pretend money in a new, exciting way. They've decided to think about it a little longer until the end of May.

  • 2025-04188 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of Amendment No. 1 to a Proposed Rule Change To Amend BZX Rule 14.11(l) To Permit the Generic Listing and Trading of Multi-Class ETF Shares
    Type:Notice
    Citation:90 FR 12387
    Reading Time:about 51 minutes

    The Securities and Exchange Commission is reviewing a proposed amendment to allow the Cboe BZX Exchange, Inc. to list and trade a new type of security known as Multi-Class ETF Shares. This rule change involves setting standards for these securities that don't require prior approval from the Commission, as long as they meet certain requirements under the Investment Company Act. The goal is to facilitate more efficient trading and potential benefits for investors. The Commission is seeking public comments on this proposed rule change.

    Simple Explanation

    The SEC is thinking about a new rule that lets a stock exchange trade a special kind of new shares called Multi-Class ETF Shares, which could help people trade more easily. They're asking everyone to say what they think about this idea.

  • 2025-04321 — Sunshine Act Meetings
    Type:Notice
    Citation:90 FR 12387
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has announced a public meeting of its Crypto Task Force on March 21, 2025, from 1:00 p.m. to 5:00 p.m. (ET). This meeting will be held at the Commission’s headquarters in Washington, DC, and is open to the public, who can attend on a first-come, first-served basis. The main topic of the roundtable is the definition of a "security," and the public is invited to register and participate. The meeting will also be available as a webcast on the SEC's website, and further information can be obtained by contacting Vanessa A. Countryman from the Office of the Secretary.

    Simple Explanation

    The SEC is having a meeting to talk about what counts as a "security" on March 21, 2025, where people can go and share their thoughts; if they can't go, they can watch it online.