Urgent Crypto News: France Charges 25, Saylor Eyes Rogan, SEC Questions ETFs
Looking for the latest insights on what’s moving the market today? This daily dose of Crypto News brings you up to speed on significant events impacting the digital asset world, from regulatory actions and market moves to notable figures and security concerns.
France Crypto: Authorities Charge 25 Over Kidnapping Spree
In a significant development, French authorities have taken action against a group involved in a series of crypto-related crimes. A total of 25 individuals, including six minors, have been charged in connection with kidnappings and attempted abductions targeting figures within the country’s digital currency sector. The accused, aged 16 to 23, face charges linked to multiple plots. According to reports, 18 suspects are currently in pre-trial detention.
- The investigation was prompted by a failed abduction attempt on May 13 in Paris.
- Targets reportedly included family members of the CEO of French crypto exchange Paymium.
- Authorities noted a similar failed attempt occurred just the day prior.
- Police also thwarted another planned operation near Nantes days later.
This highlights the growing security risks faced by prominent individuals in the crypto space.
Will Michael Saylor Talk Bitcoin on Joe Rogan?
MicroStrategy co-founder Michael Saylor, a well-known advocate for Bitcoin, has publicly expressed his desire to appear on The Joe Rogan Experience podcast. Responding to a fan account asking about dream guests, Saylor tweeted, “Hey @joerogan, let’s talk about Bitcoin.”
This simple message sparked considerable excitement within the Bitcoin community. Many believe a conversation between the two could significantly increase awareness and understanding of Bitcoin among a mainstream audience, potentially reaching millions of listeners.
SEC Raises Concerns Over Staked Crypto ETFs
The United States Securities and Exchange Commission (SEC) has voiced reservations regarding recent applications for REX-Osprey staked SOL and Ether ETFs. Despite the issuers filing effective registration statements, the SEC highlighted concerns about the corporate structure proposed for these funds.
The agency indicated that the use of a C-corp structure might render these investment vehicles ineligible to qualify as ETFs under current U.S. securities laws. A letter from the SEC stated that the registration filing and disclosures regarding the funds’ status as investment companies could be misleading.
While this presents a hurdle, analysts remain optimistic that the issuers and the SEC will likely find a resolution, potentially allowing these staked crypto ETFs to eventually list on U.S. exchanges.
In Summary
Today’s Crypto News saw notable developments across different fronts: law enforcement cracking down on crime in France Crypto, a prominent figure signalling interest in a major media appearance to discuss Bitcoin, and regulatory scrutiny from the SEC impacting potential ETF approvals. Staying informed on these diverse events is crucial for navigating the dynamic world of cryptocurrencies.
