WSM migrates to secure Binance Smart Chain for faster, cheaper transactions while SEC delays Ethereum ETF decision.
Recent regulatory developments and security concerns have brought the cryptocurrency landscape under increased scrutiny, with the United States Securities and Exchange Commission (SEC) delaying decisions on proposed Ethereum exchange-traded funds (ETFs).
Simultaneously, Binance Smart Chain (BSC) has showcased substantial advancements in security measures. Meanwhile, Wall Street Memes (WSM) has strategically migrated to Binance Smart Chain, underlining a commitment to security and transparency.
SEC’s Gripe with Security in Crypto
The SEC’s decision to postpone the approval of BlackRock’s spot Ethereum ETF a day before the deadline, citing the need for further review, reflects the regulatory uncertainties surrounding its cryptocurrency offerings.
The deadline for BlackRock’s ETF decision is now extended to August 7, with a consolidated decision on all pending spot Ether ETFs predicted in May, mirroring the SEC’s approach to spot Bitcoin ETFs in