The fourth meeting between BlackRock and the U.S SEC to discuss the eagerly awaited Spot Bitcoin ETF has taken place. Documented in an official filing, this most recent conversation is one in a string of recent exchanges between the SEC and prospective issuers. Moreover, the involvement of the SEC, headed
The United States Securities and Exchange Commission (SEC) has decided to extend its review period for the proposed Invesco Galaxy Ethereum Exchange-Traded Fund (ETF). In a notice released on December 13, the SEC announced its intention to take additional time to evaluate the rule change proposal, allowing the Cboe BZX
Binance, the global cryptocurrency exchange behemoth, and its former CEO, Changpeng Zhao (CZ), have launched a strong counteroffensive against the U.S. Securities and Exchange Commission (SEC). The move comes as a response to the SEC’s allegations, where the regulatory body accused the exchange of 13 securities law violations, including the
A turbulent start to the week as major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), faced a bearish trend in intraday trading. BTC saw a significant dip of over 5% in the 24 hours, reaching a low of $41,649 before recovering to $42,510, as per CoinMarketCap data. Data from CoinGlass revealed
On Friday, December 1, 2023, a federal judge reprimanded the SEC’s lawyers in a lawsuit involving a cryptocurrency company, dealing another legal blow to the U.S SEC. The court allegedly blasted the SEC for its management of the company’s capital, saying that the agency had fabricated “materially false” claims in
Ethereum (ETH) continues its bullish trend, reclaiming the $2,100 mark amidst discussions about a potential spot Ethereum ETF (Ethereum-based Exchange Traded Fund) approval by the US SEC. The cryptocurrency’s price surged by 2.90%, reaching $2,108, with a market cap exceeding $251 billion. The recent surge began with multiple factors, including
Just months after its U.S subsidiary was shuttered, crypto exchange Bittrex Global is reportedly closing down operations. Following Bittrex US’s bankruptcy filing in Delaware in May, the duo were sued by the U.S SEC for running a securities exchange without proper authorizations. This ultimately led to the closure. After “all
Securities and Exchange Commission (SEC) Chairman Gary Gensler has expressed a cautiously optimistic perspective regarding the potential revival of the defunct cryptocurrency exchange, FTX. Gensler’s remarks came during a discussion at DC Fintech Week, where he underlined that a reinvigorated FTX could succeed if its new leadership operates with a
In its action against Do Kwon and Terraform Labs, the United States SEC has argued that there is “no genuine dispute as to any material fact” and so has asked a federal court for a summary judgement. The SEC’s brief restates the agency’s contention that Kwon and Terraform offered securities,
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
