The United States District Court for the District of New Hampshire has released its final judgement in the case of SEC v. LBRY. The court rules that LBRY, Inc. violated Section 5 of the Securities Act of 1933 and penalizes the company accordingly. In light of the continuing legal struggle
In the world of the crypto market, the Bitcoin Exchange Traded Fund (ETF) has caught the attention of the crypto community. Recently, the former chairman of the U.S. Securities and Exchange Commission (SEC) stated that the Bitcoin ETF should be approved. While these things are going around, Cboe, the global
Jay Clayton, former Chairman of the U.S. Securities and Exchange Commission, shared his thoughts on the major traditional financial institutions’ Bitcoin ETF requests. He stated that the spot Bitcoin ETF should be approved. Moreover, he mentioned the crypto market’s significant growth and benefits from the Bitcoin ETF. JUST IN –
The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on
Ripple (XRP), the leading crypto, never fails to spark excitement in the cryptocurrency community. Ripple has grabbed attention not only for its potential but also due to an ongoing Ripple vs SEC legal lawsuit. Lawyer John Deaton, who has been vocal about his support for XRP, has clarified his position
Rumors began to circulate in the crypto market on Sunday, suggesting that Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC), might be considering resigning. An anonymous official, as reported, claimed that the SEC Chair was about to step down from his role in response to an internal
Reports of the US SEC labeling financial titans’ registrations for spot Bitcoin ETFs as “inadequate” prompted US House Financial Services Committee Chairman Patrick McHenry to issue a warning to Chair Gary Gensler via Twitter. The crypto community has ridiculed the US SEC for approving a Bitcoin ETF based on leveraged
In light of recent regulatory changes in the U.S., crypto-friendly neobank Revolut will soon be delisting a number of digital assets from its platform. The Revolut team informed that the company plans to permanently remove tokens such as Cardano, Polygon, and Solana from its platform in the month of September.
Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has experienced a significant drop, sending shockwaves through the crypto market. A report revealing the U.S. Securities and Exchange Commission’s comment on asset managers’ application for the launch of spot Bitcoin exchange-traded funds was the cause of this decline. On June 30,
