News linked to both this project and an event.
According to Blue Whale News, the China Securities Regulatory Commission (CSRC) announced that it has initiated an investigation into Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong) Limited, and Longbridge Securities (Hong Kong) Limited—and their related domestic and overseas entities—for illegally conducting securities business within mainland China, and has issued a prior notice of administrative penalty. In response, Tiger Brokers stated: “The company has noted the relevant notice and will fully cooperate with the regulatory authorities in accordance with regulatory requirements. Currently, all of the company’s business operations are running normally. Tiger Brokers consistently prioritizes compliance and maintains close communication with regulatory authorities.”
According to Cointelegraph, Yorkville America—the asset management firm behind Trump’s Truth Social—has announced the withdrawal of its three previously filed cryptocurrency ETF applications with the U.S. Securities and Exchange Commission (SEC). The withdrawn applications were for the Truth Social Bitcoin ETF, the Bitcoin and Ethereum ETF, and the Crypto Blue-Chip ETF. The company stated it will shift from the regulatory framework of the Securities Act of 1933 to that of the Investment Company Act of 1940 to offer more innovative products while providing stronger investor protections and tax advantages. However, it did not clarify whether it plans to pursue cryptocurrency ETFs under the new framework.