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The SEC also charged TrueCoin and settled with both companies, with the payment of $163,766 in civil penalties each.
Gino Matos 2 min read 
Despite approving options trading for IBIT on Sept. 20, the regulator claimed it needs more time to consider the decision on Ethereum ETFs.
Commissioner Hester Peirce testified during the hearing and stated that the agency can provide clarity but failed to do so.
Australia's ASIC licensing move will curb scams and protect investors in the country.
The crypto bank also expressed interest in expanding its services into Hong Kong.
SEC Commissioner Mark Uyeda said World Liberty Financial will be required to meet the same disclosure and transparency standards that apply to all crypto-related firms in the US.
The authorities suggested that they may pursue investigations into the users of these illegal platforms.
The Louisiana Department of Wildlife and Fisheries will be the first agency to accept these payments, with the possibility of expansion to other state departments in the future.
Gallagher said the SEC could still leverage its existing authority to provide some semblance of leadership for the crypto industry.
