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SEC Agrees to Postpone Terraform Labs Trial Pending Do Kwon’s Extradition


The U.S. Securities and Exchange Commission (SEC) has filed in agreement with Terraform Labs to postpone the civil trial against Do Kwon and his former company, amid ongoing extradition proceedings. According to Reuters, in its recent court filing in Manhattan federal court, the SEC has requested...

Pro Crypto Candidate Vivek Ramaswamy Drops Out of U.S Presidential Race


Pro crypto Republican presidential candidate Vivek Ramaswamy has suspended his campaign after securing a fourth-place finish in Iowa. Ramaswamy, who had pledged to streamline the Securities and Exchange Commission (SEC) and advocate for a clear crypto policy if elected, announced the suspension...

Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC


Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange. Blackrock’s Ishares Bitcoin Trust was among the 11 spot bitcoin ETFs approved by the U.S. Securities...

Terra’s Do Kwon Seeks Trial Delay, Citing Extradition Holdup


Terraform Labs co-founder Do Kwon has requested that the judge in his fraud case delay the trial date, currently set for Jan. 29, 2024, because Kwon is still tied up in extradition proceedings in Montenegro. Terra’s Do Kwon Requests Trial Postponement Due to Extradition Issues In a letter...

Vanguard Blocks Customers From Trading SEC-Approved Spot Bitcoin ETFs


Several investment firms, including Vanguard, reportedly block customers from trading spot bitcoin exchange-traded funds (ETFs). “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash,” the firm explained....

Senator Elizabeth Warren Says SEC Is Wrong for Approving Spot Bitcoin ETFs


U.S. Senator Elizabeth Warren has slammed the U.S. Securities and Exchange Commission (SEC) for approving spot bitcoin exchange-traded funds (ETFs). She stressed that the securities regulator is “wrong on the law and wrong on the policy with respect to the bitcoin ETF decision.” Senator...

SEC Says Other Systems Secure After X Account Hack


The U.S. Securities and Exchange Commission said its systems and devices were not breached by the party responsible for tweeting out a fake bitcoin ETF approval announcement earlier this week

What Other Crypto Firms Could Go Public This Year


After Circle’s SEC filing marking the first step towards a public listing, CoinDesk examined the other firms that might try to go public amid a rebound in crypto markets. High on the list of possibles: Kraken and Ripple

Unraveling Gensler’s Strategy: The Reason Behind Allowing Spot Bitcoin ETFs


When the Securities and Exchange Commission (SEC) decided to approve Spot Bitcoin ETFs for public trading on Wednesday, the deciding vote fell to chairman Gary Gensler. After years of criticizing and rejecting such products, what caused the chairman to change his mind? Based on his recent comments...

Navigating Spot Bitcoin ETFs in the US: What You Need To Know


In 2013 an entity affiliated with the Winklevoss twins sent the first application to The United States Securities and Exchange Commission (SEC) to create a spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC officially approved spot Bitcoin ETFs on Jan. 10 this year. It has taken over 10 years...

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