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In recent developments, major US crypto exchanges are pursuing regulatory approval for a unified framework to list crypto funds. Additionally, a new partnership between Coinbase and JPMorgan aims to provide cryptocurrency services to Chase customers, enhancing accessibility. Meanwhile, the founders of Samourai Wallet are revising their legal stance by changing their not guilty pleas related to US charges.
Streamlining Crypto ETF Listings with New SEC Proposal
The Chicago Board Options Exchange (CBOE) has submitted a rule change proposal to the US Securities and Exchange Commission (SEC). This initiative is designed to enable crypto fund issuers to list their products under a streamlined, unified process that avoids individual approvals for each fund, simplifying regulatory hurdles.
ETF analyst Nate Geraci highlighted this move, emphasizing that if approved, it could significantly expedite the approval procedure for crypto exchange-traded funds (ETFs). A similar proposal has also been made by NYSE Arca.
Under the current regulatory landscape, exchanges must file a 19b-4 form for every new crypto ETF, a process often causing delays. The recent filings follow the SEC’s approval of in-kind creations and redemptions for crypto ETFs, aligning their structure more closely with traditional funds.
JPMorgan and Coinbase Collaboration Empowers Crypto Access
JPMorgan Chase has partnered with Coinbase to facilitate crypto integration for their customers, marking a significant step toward bridging conventional finance and digital assets. Starting this fall, Chase credit card holders will have the ability to purchase cryptocurrencies directly through Coinbase.
Moreover, in 2026, JPMorgan customers will be able to redeem their Chase Ultimate Rewards Points for USDC stablecoins, pioneering the first major credit card rewards program redeemable in cryptocurrencies.
Chase cardholders will also have the option to link their accounts directly to Coinbase, simplifying the process of crypto acquisition. JPMorgan’s CEO Jamie Dimon has expressed the company’s intent to engage actively in stablecoin development to stay competitive in the digital asset space.
Legal Update: Samourai Wallet Co-founders to Plead Guilty
Co-founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, plan to change their previous not guilty pleas on US charges involving crypto mixing services. Federal filings indicate their intention to plead guilty as part of ongoing legal proceedings.
The charges allege Samourai Wallet operated as an unlicensed money transmitting business, purportedly facilitating over $2 billion in illicit transactions. Rodriguez and Hill face conspiracy to commit money laundering charges with potential penalties up to 25 years in prison.
Their legal adjustment marks a significant development in regulatory enforcement within the crypto industry, underlining the growing scrutiny of privacy-focused cryptocurrency tools.
