The U.S SEC has issued a subpoena against payment processing behemoth PayPal in relation to its stablecoin pegged to the U.S. dollar. On November 2nd, PayPal publicly stated in its Q3 financial report with the SEC that it had received a subpoena from the SEC’s Enforcement division over its PYUSD
BTCO, the ticker for Invesco and Galaxy’s spot Bitcoin exchange-traded fund (ETF), has been listed on the website of the Depository Trust and Clearing Corporation (DTCC), indicating progress in the application procedure. Since the ETF was not featured on the list on October 25 according to the WayBack Machine’s site
Star stock picker Cathie Wood expressed growing confidence that U.S. regulators will finally approve a Bitcoin ETF after years of rejections. In a recent interview, the Ark Invest CEO revealed her firm has been engaged in communications with the SEC regarding Ark’s spot Bitcoin ETF application. Wood views this as
Multiple politicians have thrown their support behind 62-year-old Republican Representative Tom Emmer’s bid for the position of House Speaker. Emmer has previously expressed support for cryptocurrencies. After the first round of voting on October 17, Representative Patrick McHenry has continued to serve in the role on an interim basis. Speaker
In a significant turn of events, XRP, the cryptocurrency associated with Ripple, experienced a significant surge in value, climbing over 9% early on Friday, reaching $0.529. This surge followed the U.S. Securities and Exchange Commission’s (SEC) decision to dismiss the lawsuit against Ripple executives, including CEO Brad Garlinghouse and Executive
Ethereum (ETH) faced a lackluster response to the launch of its futures Exchange-Traded Funds (ETFs), in stark contrast to the initial enthusiasm seen with Bitcoin (BTC) futures ETFs. Over recent weeks, trader activity has dwindled, resulting in remarkably low transaction fees on the Ethereum network, the lowest since late 2022.
The SEC decided last Friday not to challenge a recent setback in the D.C. Circuit Court of Appeals. Grayscale Investments wanted to turn the Grayscale Bitcoin Trust (GBTC) into an ETF, but the SEC denied their application. Since the SEC did not appeal the decision, the court will overturn the
Bitcoin (BTC) prices exhibit a sudden rally following the recent news from Binance.US suspending direct U.S. dollar withdrawals. The price of BTC soared from $28,189 to $28,793 in the last 24 hours. Further, speculation continues to circulate within the crypto market regarding the potential approval of spot Bitcoin exchange-traded funds
In a significant setback for the U.S. Securities and Exchange Commission (SEC) in its quest to regulate the cryptocurrency market, a federal judge has rejected the SEC’s request to appeal her recent ruling involving Ripple Labs, the company behind the XRP token. District Judge Analisa Torres ruled that the SEC
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s. Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and
