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Japanese crypto exchange Coincheck to debut Nasdaq trading

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Japanese cryptocurrency exchange Coincheck is set to go public on Nasdaq through a merger with a special purpose acquisition company (SPAC). Announced on Nov. 21, the listing marks a significant milestone for Coincheck and the broader Japanese crypto market, highlighting the region’s increasing prominence in the global blockchain economy. The move will enable Coincheck to raise funds for its expansion and development initiatives.

The merger with the SPAC, Thunder Bridge Capital Partners IV, values Coincheck at approximately $1.25 billion. Upon completion, Coincheck’s shares will trade on Nasdaq under the ticker “CNCK.” The exchange aims to leverage the listing to enhance its platform’s capabilities, expand its services, and attract a broader customer base. This development comes as Japan solidifies its position as a leader in cryptocurrency adoption and regulation.

Coincheck’s decision to list internationally aligns with its vision to become a global player in the cryptocurrency space. The exchange has focused on compliance and innovation, particularly after recovering from a high-profile hack in 2018. Now under the ownership of Monex Group, a major Japanese financial firm, Coincheck has strengthened its security measures and rebuilt trust within the crypto community.

Analysts believe Coincheck’s Nasdaq debut could pave the way for other Japanese crypto companies to explore similar moves, bolstering the country’s presence in international markets. The listing also underscores the growing interest in regulated crypto platforms as institutional investors seek exposure to the digital asset space. As Coincheck steps onto the global stage, its performance will be closely watched as an indicator of the market’s appetite for crypto-focused public offerings.

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US lawmakers advance anti-CBDC bill

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U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

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Gemini to open Miami office after judge stays SEC case

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Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

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Coinbase Institutional files for XRP futures trading with CFTC

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Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

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