Fri, March 29

SEC Chair Gary Gensler Proposes Whopping $2.4 Billion Budget

SEC Chair Gary Gensler has requested a record-breaking $2.4 billion in funding for the agency. With this money, Gensler plans to add 170 jobs to the agency’s workforce, with a focus on the crypto and cyber divisions.  Moreover, in the midst of this ambitious initiative, there have been indications of

February 10, 2024 1 min read

U.S Senators Censure SEC Chair Over Handling of DEBT Box Case

A number of Republican senators hold Gary Gensler, chair of the Securities and Exchange Commission, in contempt for making inaccurate claims in the agency’s case against the cryptocurrency firm DEBT Box. In a letter sent to Gensler on Wednesday, Senators Cynthia Lummis (Wyoming), Bill Hagerty (Tennessee), Katie Boyd Britt (Alabama),

February 9, 2024 2 mins read

Big Win for Kraken in XRP Lawsuit

A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of

January 31, 2024 2 mins read

Ripple vs SEC: The Audit And Contract Sparks Legal Firestorm

In the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission, the latest development reveals Ripple’s strong opposition to the SEC’s motion seeking audited financial statements and details on post-complaint contracts. The SEC had requested information regarding the sale or transfer of XRP to “non-employee counterparties”

January 24, 2024 2 mins read

Coinbase vs SEC Pivotal Legal Showdown Today: More Details

In a pivotal legal showdown, Coinbase is set to present its case against the U.S. Securities and Exchange Commission (SEC) in a federal courtroom, challenging allegations that its business model involves trading unregistered securities. The hearing, scheduled for four hours before Judge Katherine Polk Failla of the U.S. District Court

January 17, 2024 2 mins read

U.S SEC Chair Gary Gensler Speaks Up on Spot Bitcoin ETF Decision

Commenting on the reasons for the SEC’s approval of a number of spot bitcoin ETFs for listing and trading, SEC Chair Gary Gensler made it clear that he remains opposed to cryptocurrencies in general. Explaining the SEC’s stance change on bitcoin ETFs was a tough assignment for Gensler. Things “have

January 12, 2024 1 min read

Clients Respond as Investment Giant Vanguard Blocks Bitcoin ETF Access

In a surprising turn of events, Vanguard, the $7.7 trillion asset management giant, has announced that it will not be participating in the newly approved Spot Bitcoin ETFs, diverging from the trend set by other major firms. The decision comes on the heels of the US Securities and Exchange Commission’s

January 12, 2024 2 mins read

Next Target for BTC as 11 Bitcoin ETFs Approved by SEC

Today, the global cryptocurrency market displayed green candles as the U.S. Securities and Exchange Commission (SEC) finally granted approval for spot Bitcoin exchange-traded funds (ETFs). This long-awaited decision propelled Bitcoin (BTC) to reach a peak of $47,647 earlier in the morning. Interestingly, Bitcoin had initially spiked to $47,893 on Tuesday

January 11, 2024 2 mins read

BlackRock and ARK 21Shares Slash Spot Bitcoin ETF Fees

Both BlackRock and ARK 21Shares have reduced the fees for their prospective exchange-traded funds (ETFs), following other competitors who announced cutbacks yesterday. The crypto industry is expecting the United States SEC to approve a spot bitcoin ETF as soon as today. After revealing a fee of 30 basis points on

January 10, 2024 1 min read

U.S Senators Demand SEC to Disclose Twitter Hack Details

After the hack of the SEC’s Twitter account on January 9, two U.S senators have demanded that the agency disclose the incident to Congress. On the same day, Senators J.D. Vance and Thom Tillis sent a letter to SEC Chair Gary Gensler, expressing their “serious concerns” about the commission’s internal

January 10, 2024 2 mins read