Quantum Updates 48 | June 2025

Topics and Takeaways:

• US SEC Opens Proceedings on VanEck Bitcoin and Ethereum Trusts Proposal to Permit In-Kind Creations and Redemptions
• US SEC Initiates Proceedings on WisdomTree Bitcoin Fund Proposal to Permit In-Kind Creations and Redemptions
• US SEC Appoints Natalia Díez Riggin as Senior Advisor and Director of Legislative and Intergovernmental Affairs
• US SEC Commissioner Crenshaw Highlights Regulatory Inconsistency in Crypto Asset Classification Amid ETF Registrations
• US SEC Commissioner Hester M. Peirce Releases Statement Titled “Providing Security is not a ‘Security’” in Support of US SEC Division of Corporation Finance’s Statement on Certain Protocol Staking Activities
• US CFTC Commissioner Kristin Johnson’s Remarks on “Exploring AI Risks and Opportunities Across the Digital and Cyber Landscape” Signals Compliance Shift in Financial Markets with
• GenAI, Agentic AI and Cyber Risk Management in Financial Markets
• US SEC Division of Corporation Finance Clarifies Regulatory Status of Crypto Protocol Staking Under US Federal Securities Laws
• US SEC Commissioner Caroline A. Crenshaw’s Dissenting Statement on Protocol Staking Challenges Division-Level Exemptions: A Legal Reality Check for Crypto Entities
• US SEC Extends Decision on Grayscale Avalanche Trust ETF Listing Under Nasdaq Rule 5711(d); Final Action Now Expected by 15 July 2025
• ASIC Initiates Australian Federal Court Proceedings Against Blockchain Global Former Director for Alleged Directors’ Duties Breaches Linked to ACX Exchange Collapse
• ASIC Seeks Clarification from Australian High Court on Crypto Products in Block Earner Case