Quantum Updates 44 | May 2025

Topics and Takeaways:

• UK Finalises First Full-Spectrum Crypto Regulatory Regime Under UK FSMA: Treasury, UK FCA and Parliament Align on Authorisation and Compliance in 2025
• United Kingdom Financial Conduct Authority Announces Board Appointments to Support 5-Year Vision
• United States Securities and Exchange Commission Acknowledges Immediate Effectiveness of FICC’s Proposed Rule Change to Amend Capital Policy and Replenishment Plan
• United States Securities and Exchange Commission Invites Public Comment on Blackstone Co-Investment Relief Application under the United States Investment Company Act of 1940
• United States Securities and Exchange Commission Seeks Public Comment on Proposed Rule Change to List Leveraged VIX Futures ETFs UVIX and SVIX Under the Securities Exchange Act of 1934
• United States Securities and Exchange Commission Unveils Agenda and Panelists for 12 May 2025 Roundtable on Tokenisation and Onchain Finance
• US SEC Reschedules Crypto Roundtable on “DeFi and the American Spirit” to 09 June 2025
• United States Securities and Exchange Commission Initiates Proceedings on Proposed Listing of Canary Litecoin ETF on Nasdaq
• US SEC Cancels Registrations of Investment Advisers for Ceasing Operations or Failing to Comply with the Investment Advisers Act
• US SEC Grants Exemption to Monroe Capital Funds Under Section 6(c) of the Investment Company Act; Outlines Legal Path for Share Class Relief
• Hong Kong SFC Deepens Virtual Asset Ties in UAE with Regulatory Dialogue and Web3 Industry Engagement