News

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) has concluded its two-year investigation into tokenization company Ondo Finance without recommending any charges. The investigation began in October 2023 and primarily examined whether Ondo complied with U.S. securities laws in the tokenization of U.S. Treasury products, and whether the ONDO token should be classified as a security. An Ondo spokesperson stated that the company received official notification at the end of November confirming the investigation had ended. This marks another reversal of regulatory actions against digital asset companies during the Biden era. Since the pro-crypto SEC Chairman Paul Atkins took office, the agency has closed most crypto-related investigations and withdrawn several high-profile cases against companies such as certain exchanges.

BlockBeats News, December 8, according to the latest weekly report from CoinShares, digital asset investment products saw a net inflow of $716 million last week, bringing the total assets under management to $180 billions, though still far below the all-time high of $264 billions. Bitcoin attracted $352 million in inflows, while XRP ($245 million) and Chainlink ($52.8 million, a record inflow accounting for 54% of assets under management) also saw strong demand; short Bitcoin products recorded significant outflows, suggesting that negative sentiment has eased. Almost all regions globally saw inflows, with the most notable being the United States, Germany, and Canada, with inflows of $483 million, $96.9 million, and $80.7 million, respectively.