The agencies urged the judge overseeing the case in Tyler, Texas, to reject several of the arguments the asset managers made in their bid to dismiss the case, including that the alleged conduct falls under an exemption for passive investors.
... focusing resources on a specialized Crypto oversight agency, the party signals a strong intent to both manage the risks associated with virtual assets and actively foster the growth of the industry.
DoD manages about 4 million users and faces a 2026 deadline to implement ICAM for all applications. This effort shifts focus from onboarding agencies and users to securing applications before users access digital assets.
The agency said it would begin a new round of proceedings to assess whether the ETF proposals from asset managers Bitwise and 21Shares comply with key provisions of the Securities Exchange Act.
21Shares, a Switzerland-based asset manager, filed its initial registration for a spot Dogecoin ETF on April 9 ... In addition to 21Shares, several other asset management firms have filed applications to launch Dogecoin ETFs in the United States.
However, Holloway will lead efforts to ensure the sustainable management of this national asset, working closely with government agencies, the private sector, and creative industry stakeholders to ...
... as the sub-manager ... This approach is designed to enhance transparency, security, and efficiency in asset management by leveraging blockchain technology to record transactions and share ownership.
A report by Fitch, the global ratings agency, published earlier this month said that Saudi Arabia’s asset management industry would “attract steady inflows” over the next two years.