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Ripple’s CLO Says SEC Is Anything But Infallible — Advises ‘Don’t Be Intimidated When They Come Knocking’
2.12.2023
Ripple’s chief legal officer says the U.S. Securities and Exchange Commission (SEC) is “anything but infallible,” emphasizing that the regulator is “bloated, broken, and beleaguered.” He advised investors not to be intimidated when having to deal with...
Rep. French Hill Estimates Crypto Legislation to Pass in Early 2024
1.12.2023
Representative French Hill, vice-chairman of the House Financial Services Committee, stated intent to bring two crypto regulation bills to the floor and pass them in early 2024. Hill told CNBC that Congress wants to give the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures...
SEC Holds Meetings with Grayscale, BlackRock on Bitcoin ETFs
1.12.2023
Source: SEC The U.S. Securities and Exchange Commission (SEC) has recently held meetings with Grayscale and BlackRock to discuss their filed applications regarding spot Bitcoin exchange-traded funds (ETFs). SEC Meets with Grayscale to Discuss its Bitcoin ETF Filing A memorandum published by the...
Blackrock Proposes ‘Revised In-Kind Model’ for Spot Bitcoin ETF to Resolve SEC’s Concerns
1.12.2023
Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that...
SEC Calls for Comments on Fidelity’s Spot Ether ETF Application
30.11.2023
The U.S. Securities and Exchange Commission (SEC) is soliciting comments from the public regarding Fidelity’s potential spot Ether exchange-traded fund (ETF). Fidelity’s argument According to a notice filed Thursday, Cboe BZK Exchange is looking to list and trade shares of Fidelity’s Ethereum...
SEC Struggles to Serve Richard Heart in Multi-Billion Dollar Crypto Case
28.11.2023
In an interesting turn of events, the U.S. Securities and Exchange Commission (SEC) faces challenges in its billion-dollar lawsuit against cryptocurrency figure Richard Heart. A recent court filing reveals that the SEC has yet to successfully serve Heart, complicating the high-profile case. Legal...
Former NYSE President: Money Will Flood Into Crypto Industry With Spot Bitcoin ETFs
27.11.2023
Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It’s just easier to buy. People believe in bitcoin,” he emphasized...
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report
25.11.2023
Blackrock, the world’s largest asset manager, has reportedly pushed for using the in-kind creation method for its bitcoin exchange-traded fund (ETF), diverging from the cash creation model favored by the U.S. Securities and Exchange Commission (SEC). According to reports, Blackrock and other spot...
Analyst: BlackRock is Holding Meetings With the SEC About its Bitcoin ETF – Here’s What We Know
22.11.2023
BlackRock Office Blackrock held a meeting with the U.S. Securities and Exchange Commission (SEC) on Monday to discuss the structure of its upcoming Bitcoin ETF, according to a memo from the regulator. The meeting’s attendees included 8 members from the SEC’s Division of Trading and Markets,...
SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing
22.11.2023
Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...
SEC Identifies 16 Crypto Tokens as Securities in Kraken Lawsuit
22.11.2023
The U.S. Securities and Exchange Commission (SEC) has identified 16 crypto tokens as securities in its lawsuit against cryptocurrency exchange Kraken. Some of the alleged crypto securities were the same as those highlighted in the SEC’s lawsuits against Coinbase and Binance. Kraken’s...
Kraken Faces SEC Charges for Unlawful Crypto Trading Operations
21.11.2023
Image Source: CNBC The U.S. Securities and Exchange Commission (SEC) has added Kraken – a San-Francisco-based crypto exchange – to its hitlist of industry giants charged with a litany of securities law violations and internal control failures. In a lawsuit filed in a San Francisco court on Monday...
SEC Sues Kraken: Crypto Exchange Plans to ‘Vigorously Defend’ Its Position in Court
21.11.2023
The U.S. Securities and Exchange Commission (SEC) has sued cryptocurrency exchange Kraken for the second time this year, alleging that the crypto trading platform operates as an unregistered securities exchange, broker, dealer, and clearing agency. Kraken disagreed with the securities...
SEC Accuses Kraken of Operating Unregistered Platform, Kraken Responds
21.11.2023
Source: Kraken The U.S. Securities and Exchange Commission (SEC) has initiated legal proceedings against the cryptocurrency exchange Kraken, claiming it has been operating an unregistered securities trading platform. The SEC filed the lawsuit in North District of California against the parent firms...
SEC Postpones Verdict on Global X Spot Bitcoin ETF, Cites Market Manipulation Concerns and Need for Public Insight
18.11.2023
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Global X Bitcoin Trust’s application to list a spot bitcoin exchange-traded fund (ETF). The delay, announced on November 17, 2023, marks a continued period of uncertainty in the spot bitcoin ETF space. Global...
South Korea’s National Pension Service Dives Into Crypto With $20M Coinbase Investment
17.11.2023
Regulatory filings with the U.S. Securities and Exchange Commission (SEC) reveal that the National Pension Service of South Korea acquired 282,673 Coinbase Global shares in 2023’s third quarter. This transaction, valued at approximately $20 million, marks the pension fund’s inaugural...
Vivek Ramaswamy Reveals Crypto Policy Framework — Plans to Roll Back Most of SEC Crypto Regulations
17.11.2023
U.S. presidential candidate Vivek Ramaswamy has unveiled his “Three Freedoms of Crypto” policy framework. He stated that as President, he will ensure that innovative sectors, including crypto, are “liberated from the shackles of the unconstitutional shadow government.” He expects to rescind most...
Blackrock Officially Submits Ethereum ETF Proposal to US Securities Regulator
16.11.2023
Blackrock, the world’s largest asset manager, has taken a significant step by officially filing its Ethereum Trust S-1 form with the U.S. Securities and Exchange Commission (SEC). This move is to introduce a spot ethereum exchange-traded fund (ETF) on Nasdaq. This development comes on...
Coinbase Expects Spot Bitcoin ETFs to Add Billions to Crypto Market — Says SEC Approval Possible by Year-End
16.11.2023
Cryptocurrency exchange Coinbase says spot bitcoin exchange-traded funds (ETFs) could add billions of dollars to the total crypto market cap. Coinbase also believes that the chances of one or more spot bitcoin ETFs being approved by the U.S. Securities and Exchange Commission (SEC) before the...