Fidelity has filed an S-1 application with the SEC for a spot Ether (CRYPTO:USDT) ETF, indicating institutional interest in the cryptocurrency market and allowing for staking of held ETH (CRYPTO:ETH).

The SEC's lawsuit against Coinbase, accusing the exchange of listing tokens violating federal securities laws, has been allowed to proceed by a U.S. District Judge.

This decision highlights the regulator's scrutiny over crypto exchanges and signifies a tightening grip on the crypto industry by the U.S. government.

These events mark crucial moments in the regulatory landscape affecting crypto enterprises and their executives, showcasing the intersection of traditional financial law with the evolving world of cryptocurrencies.