Buy $GGsSUI News: Mysten Labs Met US SEC Crypto Task Force Ahead of ETF Decision
Highlights
- Sui blockchain developer Mysten Labs and legal Counsel met with US SEC Crypto Task Force.
- The firm plans to express interest in providing input on regulating blockchain and digital assets.
- Mysten Labs highlighted Sui use cases as the SEC's decision on SUI ETF nears.
SUI News: Sui blockchain developer Mysten Labs and its legal counsel met with the U.S. Securities and Exchange Commission (SEC). The move comes amid various ETF applications tracking spot prices of SUI, with the commission’s final decision on applications nears.
Sui News: Mysten Labs Meets with US SEC
Mysten Labs, a developer of the Sui blockchain, along with its representatives from Sidley Austin LLP, met with the SEC Crypto Task Force on September 9. Earlier this week, the firm requested a meeting with the Crypto Task Force and Commissioner Hester Peirce to address regulatory issues related to crypto assets, including Sui.
The blockchain technology company highlighted the Sui blockchain as a high-performance, decentralized network with advanced security, low latency, and high throughput. The blockchain supports several decentralized products, with the Sui Name Service (SuiNS), decentralized liquidity layer DeepBook, and decentralized data storage protocol Walrus as key innovations.
Mysten Labs commits to promoting a regulatory environment supporting innovation, expressing interest in providing input on regulating blockchain and digital assets. The move comes as the SEC develops policies and rules pushing crypto adoption.
Sui News: US SEC’s Decision on ETF Nears
The U.S. SEC continues to delay its decision on spot SUI ETFs by 21Shares and Canary. Considering the final decision on the Sui ETF applications and the Generic Listing Standards approaching, Mysten Labs likely met with the Crypto Task Force on SUI’s use cases and contributions to the crypto industry.
The developer proposed that the SEC could grant an exemptive relief through self-certification and ongoing disclosures for legacy projects. As CoinGape reported earlier, the SEC Crypto Task Force is meeting with many companies as the Trump administration pushes for clear crypto regulations.
SUI price jumped almost 7% in a week, with volatile price action in the last 24 hours. The price is trading at $3.51, with an intraday low and high of $3.43 and $3.56, respectively. Trading volume increased more than 13% over the last 24 hours, indicating interest among traders. Analysts such as Ali Martinez expect the price to reclaim above $5 after ETF approval.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- U.S. Federal Reserve, OCC Approves Banks to Handle Tokenized Securities With New Capital Rules
- Peter Schiff Predicts BTC to Fall, Gold to Rise as Markets Price in Prolonged Iran War
- Institutional Re-Accumulation Signs Emerge as Bitcoin ETFs See $1.1B Net Inflows Since Iran War Began: Glassnode
- From Mining Pool to Infrastructure Platform: Nine Years of EMCD
- U.S.-Iran War: U.S. Oil Prices Spike To One-Year High, Bitcoin and Gold Dip
- HOOD Stock Targets $100 as Robinhood Unveils Platinum Card and Advance Dividend Feature
- Bitcoin Price Prediction if Donald Trump Signs the CLARITY Act on April 3, 2026
- Pi Network Price As BTC Rallies Above $74K: Can PI Coin Extend Gains to $0.30?
- XRP Price As Bitcoin Reclaims $74K- Is $5 Next?
- Dogecoin Price Outlook as BTC Recovers Above $73,000
- XRP Price Prediction as Iran-U.S. Peace Talks Trigger a Crypto Rally
