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VanEck CEO Says SEC Unlikely to Approve Spot Ether ETFs in May
10.4.2024
VanEck CEO Jan van Eck has expressed doubt regarding the approval of spot Ether ETFs by the United States Securities and Exchange Commission in May.
The post VanEck CEO Says SEC Unlikely to Approve Spot Ether ETFs in May appeared first on Cryptonews
Vaneck CEO Expects SEC to Reject Spot Ethereum ETF Applications in May
9.4.2024
The applications for spot ethereum exchange-traded funds (ETFs) face a potential rejection in May when the U.S. Securities and Exchange Commission (SEC) reaches its deadline for decisions, according to Vaneck’s CEO. His firm is one of the applicants seeking approval for a spot ether ETF....
XRP headed for ATH after potential SEC settlement?
9.4.2024
XRP has been downplaying in terms of performance, staying away from an ATH. This could be drawn from the ongoing Ripple versus SEC legal battle. However, that is expected to conclude on April 11, 2024, when the Commission and Ripple meet behind the doors for a possible settlement. If reached,...
US SEC Delays Decision on Grayscale, Bitwise Bitcoin ETF Options
9.4.2024
The SEC has extended the review period for allowing options trading on Grayscale and Bitwise Bitcoin ETFs, with a new decision date set for May 29.
The post US SEC Delays Decision on Grayscale, Bitwise Bitcoin ETF Options appeared first on Cryptonews
Blockstream CEO Adam Back Criticizes MicroStrategy Short ETF as ‘Terrible Product’
8.4.2024
Blockstream CEO Adam Back chastised the recently released Defiance 2X Short MSTR ETF (exchange-traded fund). According to the SEC statement, the Defiance ETF, which was proposed on March 7, was filed under the TIDAL TRUST II financial organization.
The post Blockstream CEO Adam Back Criticizes...
Philippines Are Left Without Withdrawal Options as SEC Blocks Binance
8.4.2024
Philippines crypto users are unable to withdraw their funds after the country's Securities and Exchange Commission blocked Binance.
The post Philippines Are Left Without Withdrawal Options as SEC Blocks Binance appeared first on Cryptonews
JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
7.4.2024
Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential litigation process if an ether ETF application...
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
6.4.2024
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele. Genesis Liquidates Grayscale GBTC Holdings...
Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case
6.4.2024
Terraform Labs and its co-founder, Do Kwon, have been found guilty of fraud in a civil case brought against them by the SEC.
The post Terraform Labs and Co-Founder Do Kwon Found Guilty of Fraud in SEC Case appeared first on Cryptonews
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
5.4.2024
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks....
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
5.4.2024
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD
Ripple’s Chief Legal Officer Blasts SEC Over Crypto Regulation, XRP Lawsuit: “Get Off Your Soap Box”
5.4.2024
Ripple’s Chief Legal Officer, Stuart Alderoty, told the United States Securities and Exchange Commission (SEC) to “get off its soap box” after the SEC’s Director of Enforcement, Gurbir Grewal, seemingly criticized the crypto exchange for its XRP lawsuit.
The post Ripple’s Chief Legal Officer...
Philippines SEC Says eToro Unauthorized to Sell Securities
5.4.2024
The Securities and Exchange Commission (SEC) in the Philippines said the retail trading platform eToro is unauthorized to sell or offer securities to the public in the Philippines.
The post Philippines SEC Says eToro Unauthorized to Sell Securities appeared first on Cryptonews
Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’
4.4.2024
Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court rulings that criticized the SEC for “gross abuse of power,” lack...
SEC Asks For Public Comment Regarding Spot Ethereum ETF Approval
4.4.2024
The United States Securities and Exchange Commission (SEC) is seeking public comment over the potential approval of a spot Ethereum (ETH) ETF, an April 2nd court filing reveals. What are the odds a spot ETH ETF gets approved by May?
The post SEC Asks For Public Comment Regarding Spot Ethereum...
Hester Peirce’s crypto advice amid rising SEC frustrations
4.4.2024
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC), expressed her skepticism regarding the SEC’s approach to the digital asset industry, particularly pointing out the methods of communication and enforcement used by her SEC colleagues. In her speech at the...
SEC reviews Fidelity/Grayscale/Bitwise ETH trust proposals
4.4.2024
The Securities and Exchange Commission (SEC) has reached out for public opinion regarding three NFTs. They include the Fidelity Ethereum Fund, the Grayscale Ethereum Trust, and the Bitwise Ethereum Trust. The fact that the SEC refuses to throw any light on the matter, according to Bloomberg, is...
US Courts Have Serially Rejected Crypto Industry’s ‘Decade’s Worth of Arguments’ – SEC Director
4.4.2024
Over the past decade, the U.S. Securities and Exchange Commission (SEC) has contended with “significant non-compliance” and “creative attempts” by cryptocurrency market participants to avoid its jurisdiction. According to the SEC’s enforcement director, the commission...
For Crypto, the Global Regulatory 'Olympics' Has Already Begun
3.4.2024
SEC Director of Enforcement Gurbir Grewal Slams Crypto Industry, Cites “Significant Non-Compliance”
3.4.2024
Gurbir Grewal, the Director of the Enforcement Division at the SEC, slammed the crypto industry for its "significant non-compliance" in remarks given Wednesday at the Practicing Law Institute SEC Speaks event. His criticism comes one day after SEC Commissioner Hester Peirce chided the agency...