Reported 2 days ago
The SEC has expressed regulatory doubts regarding the proposed launch of U.S. crypto ETFs by REX Financial and Osprey Funds that offer staking rewards. Despite receiving initial registration approval, the SEC questioned whether these funds meet the legal definition of an investment company, raising concerns over potentially misleading disclosures. This reflects ongoing complications in crypto regulation, as the SEC's stance on whether certain crypto assets qualify as securities remains inconsistent.
Source: YAHOO