Search Results for citation:"90 FR 16582"

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Search Results: citation:"90 FR 16582"

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  • 2025-06660 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF To Permit Staking of the Ether Held by the Trusts
    Type:Notice
    Citation:90 FR 16582
    Reading Time:about a minute or two

    On February 14, 2025, NYSE Arca, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to participate in staking. This proposed rule change was published for public comment on March 3, 2025. The SEC originally had 45 days to make a decision but has extended this period to allow more time to consider the proposal and related issues. The new deadline for the SEC to approve, disapprove, or decide on further proceedings for the rule change is June 1, 2025.

    Simple Explanation

    Imagine a library deciding if it should let two special books do something new and fun, like play games. The people in charge have more time to think about it to make sure it’s okay.

  • 2025-06747 — Proposed Collection; Comment Request; Extension: Rule 12d3-1
    Type:Notice
    Citation:90 FR 16582
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on extending a rule that allows investment funds to invest in certain securities-related businesses, even though there's a general prohibition against it. This rule is important because it helps funds make investments without giving too much power to certain advisers. The SEC estimates that 49 funds will need to update their contracts each year to comply with this rule, and it will take about 3 hours for legal work, shared among similar rules. Public comments on this matter can be sent by June 17, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that lets some special groups invest in certain money-making businesses, even though it’s normally not allowed. They think about 49 groups will need to make some updates each year, and it's a bit like when you have to update a special rule book.