Gate News update: On April 3, according to an SEC filing, Grayscale submitted an S-1 amendment for its Bittensor (TAO) trust to the U.S. Securities and Exchange Commission. The trust is a passive investment product that primarily holds the native token TAO from the Bittensor network, aiming to give investors a way to gain exposure to TAO tokens by holding shares of the trust.

On April 2, Polymarket’s prediction shows the probability that SpaceX will IPO before June 15 has risen to 75%. Insiders say SpaceX has already filed a draft IPO registration statement with the SEC, which could make it the first listed mega-IPO, ahead of OpenAI and Anthropic.

Elon Musk and the U.S. Securities and Exchange Commission (SEC) failed to reach a settlement, and will head to trial to resolve allegations that he misled investors before acquiring Twitter. Both sides filed a joint case-status report, stating that the court’s alternative dispute resolution options are unhelpful.

The U.S. Securities and Exchange Commission approved an option for the NYSE American to list a multi-crypto-asset commodity trust, allowing a trust to support multiple cryptocurrency assets. Requirements include high-liquidity standards and listing conditions to ensure trading compliance and transparency.

Even though the legal dispute between Ripple and the SEC may end in 2025, the XRP price is still 64% below its all-time high. ETF inflows and policy support provide support, but the market remains cautious about XRP’s outlook. Analysts say the price is constrained by the overall economic environment, and investors need to pay attention to macro factors and Ripple’s development.

The U.S. Securities and Exchange Commission (SEC) has recently approved new rules allowing brokers to use S&P 500 and Russell 1000 constituent stocks as collateral in securities lending. This change gives institutional investors greater flexibility in capital deployment and is expected to improve market liquidity, potentially affecting the logic behind risk-asset pricing. How institutions adopt it in the future will be a key point to watch.

The U.S. Securities and Exchange Commission withdraws its charges against Justin Sun, sparking congressional concerns about regulatory transparency and independence. Senators are asking for an explanation of the reasons behind this decision, questioning whether enforcement is influenced by external factors. The incident could change the U.S. crypto regulatory landscape and affect market confidence.

The U.S. Senate is accelerating the推进《Digital Asset Market Clarity Act》, and it is expected to enter the review stage in April 2026. The bill has adjusted stablecoin yield, and the DeFi sector will receive clearer protection. Regulatory responsibilities are clearly divided, with the CFTC and SEC each overseeing the regulation of digital commodities and investment contracts. The bill’s progress is tied to crypto market regulation and the direction of global policy.

Bitcoin Treasury Bonds Company Strive and Tuttle Capital Management filed an application with the U.S. SEC, planning to launch a "T-Strive Digital Credit ETF" and list it on the Cboe exchange. The ETF invests in preferred stock issued by the Bitcoin Treasury Bonds Company through swaps and leverage instruments, and holds 13,310.9 BTC.

Gibson Dunn law firm noted that although the joint guidance published by the SEC and CFTC has improved, it still does not fully address industry needs, especially regarding ambiguity in the Howey test and secondary market trading. The authors call on the crypto industry to provide feedback, urging the SEC to clearly define regulatory boundaries and avoid enforcement replacing regulation.