The crypto market welcomed the update that spot Ethereum ETFs will be launched next week on July 23. Several sources including Reuters have confirmed that the SEC might allow trading of the ETFs next Tuesday. This recent update has caused a positive price rally in Ethereum as it regains its
The history of crypto’s battle with the SEC dates back several years. Amid the recent anti-SAB voting, the SEC has announced making exceptions for certain custody banks and broker dealers in crypto reports. This announcement has caused quite a stir, raising speculations in the market. Recently, Fox Reporter Eleanor Terrett
According to a regulatory document made public on July 12, the US SEC has ended its three-year investigation into Hiro Systems. The firm is the developer of Stacks layer-2 blockchain. And was involved in the $70 million token sales that took place from 2017 to 2019. Since its 2018 inception,
In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s
After reviewing Paxos Trust Company’s Binance USD (BUSD) stablecoin, the U.S SEC has chosen to end its inquiry. Announced via a termination notice, the outcome brings much-needed clarity to the industry’s regulatory landscape regarding stablecoins. The acting chief of the SEC’s crypto assets and cyber branch, Jorge Tenreiro, notified Paxos
The US House of Representatives is poised for a critical vote this week with substantial implications for the crypto industry. Lawmakers will decide whether to overturn President Joe Biden’s veto of a bill aimed at eliminating the SEC’s Staff Accounting Bulletin (SAB) 121. This bulletin mandates that companies offering crypto
Leading US-based Market intelligence firm, Messari has abandoned all connections with the SEC. The firm’s CEO released a strong-worded statement, lashing out at the regulator’s corrupt activities and pointing to its ‘unjust’ actions. In the past few months, multiple cryptocurrency firms have found themselves under the scrutiny of the SEC
In the realm of cryptocurrency investments, developments are unfolding amidst regulatory uncertainty and market fluctuations. Bitwise, an asset management firm, has advanced its plans with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). According to a filing on July 3, the firm
To better safeguard users’ digital assets and personal information against fraud, scams, and theft, Consensys has announced the acquisition of Wallet Guard. In order to enhance user safety inside Web3, the purchase seeks to incorporate Wallet Guard’s superior security capabilities into MetaMask. Users of MetaMask may anticipate enhanced security features.
For its case against the SEC, a U.S. court has approved Consensys’s request for a fast-track hearing. More regulatory clarification for the crypto industry has been sought, and the deadline has been brought closer as a result. In April, when the SEC issued a Wells Notice designating Ethereum as a
