The cryptocurrency market continues to evolve with new legislative initiatives and changes. This overview discusses recent events impacting the English-speaking crypto community.
SEC and CFTC Decisions
The U.S. Securities and Exchange Commission (SEC) has postponed its final decision on the WisdomTree ETF until October 24, 2025. On August 22, the Second Circuit approved a joint dismissal by the SEC and Ripple, resolving the case with a $125 million settlement.
Dynamics of Crypto Assets
On August 25, U.S. spot BTC ETFs experienced net inflows of $219 million, yet the month is still near the second-largest net outflow on record. Fleet Asset Management Group (FLAMGP) notes that price swings will likely depend on ‘regulatory timing of ETF creations/redemptions.’
Launch of Fleet Miner by FLAMGP
FLAMGP is launching the Fleet Miner cloud-mining platform, accessible to users via mobile devices. The platform aims for the use of renewable energy sources and promises efficient energy management. Fleet Miner supports assets such as BTC, ETH, XRP, DOGE, and others.
Recent SEC and CFTC initiatives, along with the launch of new platforms like Fleet Miner, highlight the industry's commitment to innovation and adaptation in a changing economic landscape.
