Today in Crypto: US Exchanges Seek Unified Crypto Fund Listing Framework; JPMorgan Partners with Coinbase; Samourai Wallet Founders Change Pleas
In the latest developments from the cryptocurrency sector, significant moves are underway in regulatory processes, mainstream finance integration, and legal cases involving crypto services. Here’s a summary of what happened in crypto today.
US Exchanges Push for Streamlined Crypto ETF Listings
The Chicago Board Options Exchange (Cboe) has formally requested a rule change from the U.S. Securities and Exchange Commission (SEC) aimed at simplifying how crypto funds are listed on exchanges. This proposed rule change would enable crypto fund issuers to list products under a unified framework, potentially eliminating the requirement for separate SEC approvals for each new fund offering.
ETF analyst Nate Geraci emphasized that if the SEC approves this change, issuers could launch crypto exchange-traded funds (ETFs) without individually requesting approvals for each product, provided they meet specified criteria. The New York Stock Exchange Arca has submitted a similar filing, reinforcing the industry’s push toward regulatory clarity.
Currently, each new crypto ETF requires a unique 19b-4 filing with the SEC, triggering a protracted and often complex review process. This reform proposal arrives just one day after the SEC sanctioned “in-kind” creations and redemptions for crypto ETFs, bringing the asset class closer to traditional fund structures.
JPMorgan and Coinbase Announce New Crypto Integration for Chase Customers
In a notable collaboration between traditional banking and cryptocurrency, JPMorgan Chase has partnered with Coinbase to offer its customers streamlined access to crypto assets. Starting this fall, Chase credit cardholders will be able to purchase cryptocurrencies directly via their cards on Coinbase’s platform.
Moreover, Coinbase revealed that beginning in 2026, JPMorgan customers will have the option to redeem their Chase Ultimate Rewards Points for USDC stablecoins, marking the first instance of a major credit card rewards program allowing redemptions in crypto.
Coinbase also plans to roll out a feature in 2026 enabling Chase card users to link their accounts directly to Coinbase, simplifying the crypto purchasing process.
This integration is part of JPMorgan’s broader strategy to deepen its involvement with digital assets. JPMorgan CEO Jamie Dimon recently confirmed plans to develop its own deposit coin and explore stablecoins to stay competitive amid fintech rivals advancing crypto offerings.
Samourai Wallet Co-Founders to Change Not Guilty Pleas in Federal Money Laundering Case
Keonne Rodriguez and William Lonergan Hill, co-founders of the privacy-focused Samourai Wallet, have indicated their intent to change their previous not guilty pleas in a federal case involving alleged money laundering activities. Court filings revealed they would formally update their pleas before a New York federal court.
The founders had previously pleaded not guilty and sought dismissal of charges tied to Samourai Wallet’s operation, which prosecutors allege was an unlicensed money transmission business that processed over $2 billion in illicit transactions.
Rodriguez, Samourai’s CEO, and Hill, its chief technology officer, face conspiracy to commit money laundering charges with maximum sentences of 20 years in prison, as well as operating an unlicensed money transmitting business carrying up to 5 years, combining to a potential maximum sentence of 25 years behind bars.
These updates reflect ongoing efforts to integrate cryptocurrencies into regulated financial frameworks while also highlighting the legal scrutiny faced by entities operating in the crypto space. As the market evolves, developments from regulators, major financial institutions, and legal proceedings will continue to shape the industry’s future.
Source: Cointelegraph, TradingView News