In a recent disclosure to the United States Securities and Exchange Commission (SEC), Millennium Management, a prominent global investment management firm, unveiled its substantial investment in spot Bitcoin Exchange Traded Funds (ETFs). According to the filing, Millennium’s Bitcoin ETF holdings make up 3% of its $64 billion fund as of
Federal court orders Elon Musk to testify again in the Securities and Exchange Commission’s (SEC) investigation into his $44 billion Twitter takeover. The court ruled in favor of the SEC’s request after Musk refused to attend an initial interview in September 2023, claiming “harassment.” The investigation centers on whether Musk
No one in the cryptocurrency world is taking the US SEC’s regulatory actions regarding the industry’s future lightly. The chairman of the SEC has been the target of criticism from billionaire Mark Cuban, who claims that the chair has failed miserably in his duty to safeguard investors against fraud. Mark
US House of Representatives passed a resolution to overturn a contentious Securities and Exchange Commission (SEC) bulletin concerning accounting standards for cryptocurrency custodians. The resolution, passed by a vote of 228-182, garnered significant support from Republicans and 21 Democrats, underscoring growing tensions between legislative preferences and regulatory measures within the
In the ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC), significant progress has been made as both parties filed their final replies in the lawsuit’s remedies stage. The SEC challenged Ripple’s assertion of acting without recklessness and argued against any “widespread uncertainty” regarding
Securities and Exchange Commission (SEC) Chairman Gary Gensler’s recent remarks regarding the classification of Ethereum have sparked a flurry of responses within the crypto community. While Gensler refrained from directly addressing whether Ethereum should be classified as a security or a commodity, he commented on investor protection and regulatory concerns.
Nigeria has intensified its crackdown on cryptocurrency trading in the country’s currency, the naira, to combat what it perceives as detrimental effects on the struggling local economy. The Securities and Exchange Commission (SEC) has announced plans to implement new regulations targeting crypto exchanges and other sectors of the industry. The
The US Securities and Exchange Commission (SEC) has announced a further delay in its decision-making process regarding the proposed Invesco Galaxy Ethereum exchange-traded fund (ETF). In a recent filing, the SEC extended the deadline for its decision to July 5, 2024, citing the need for additional time to evaluate the
In May 2024, there were 7.26 million wallets on the decentralized exchange (DEX) Uniswap, up from 3.03 million in May 2023, an increase of around 140%, according to statistics from Dune Analytics. The growth in Uniswap’s user base mirrors that of other records on the platform. The cumulative trading volume
A lawsuit has been filed against the U.S SEC by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT). An expanded definition of a “dealer” in the context of digital assets is the target of the lawsuit, which challenges a recent regulation. The challenge seeks to reverse this
