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,
On the heels of regulatory challenges from the U.S. Securities and Exchange Commission (SEC), Solana (SOL) has found support among some OG crypto natives. Taking to Twitter on June 30, Vitalik Buterin, the enigmatic co-founder of Ethereum, wrote that Solana is facing unprecedented challenges that may prove strenuous for the crypto
Ryón Nixon, a founding partner of leading blockchain law firm Horizons Law and Consulting, has tweeted that the SEC’s characterization of SOL as being “labeled as a security is inaccurate.” Nixon, who served as Solana’s genesis general counsel (but who no longer currently represents Solana Labs/Foundation). He issued the tweet
Investors have turned their keen eyes to the XRP price, which is currently exhibiting bearish signs. Ripple has faced a challenging year, with regulatory turmoil impacting its price performance. In the first quarter, XRP started with a sluggish price rate of $0.3399 and experienced heavy market volatility, reaching a low
SEC Vs Crypto Industry It is a one more turbulent year for the cryptocurrency industry after the U.S Securities and Exchange Commission (SEC) sued crypto titans such as Binance and Coinbase. The SEC lawsuit related to securities violations, including the unregistered offers and sales of the respective tokens. These legal
While Ethereum remains the go-to layer 1 blockchain, the competition for Ethereum layer 2 solutions remains intensified. Here, we have projects like Polygon (MATIC), Arbitrum (ARB), and, of course, Optimism (OP). The Optimism price has surged by over 50% in the past few weeks due to a mix of positive
The U.S. Securities and Exchange Commission has approved the first leveraged Bitcoin futures exchange-traded fund (ETF). Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) becomes the first leveraged crypto ETF to get approved in the United States. On June 23, Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) received approval from the
