SEC to face lawsuits over Bitcoin ETF rejections says JPMorgan Analyst
The U.S. Securities and Exchange Commission (SEC) may face lawsuits if it rejects spot Bitcoin exchange-traded fund (ETF) applications, a scenario that is causing concern among industry insiders. Analysts from JPMorgan, led by Nikolaos Panigirtzoglou, expressed growing optimism about the potential approval of a spot Bitcoin ETF. However, they warn of potential legal issues should […]
Spot Bitcoin ETF race heats up with Hashdex’s groundbreaking proposal under SEC review
Hashdex, a prominent asset manager, recently discussed its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC). The meeting was centered around the regulator’s concerns regarding the proposed product. The discussion took place on October 13th, involving representatives from Hashdex, NYSE Arca, Tidal Financial Group, and law firm K&L Gates. Hashdex’s application […]
SEC’s Gensler remains mum on Bitcoin ETFs future after Grayscale setback
The Chairman for the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has refrained from detailing the future for spot bitcoin exchange-traded funds (ETFs). This comes in the wake of a court order directing the regulator to withdraw its opposition to an application from Grayscale Investments. Gensler, while addressing questions at a Securities Enforcement Forum […]
Blackrock settles SEC charges for $2.5M amid anticipation for Bitcoin ETF review
Global fund manager BlackRock has agreed to settle charges by the U.S. Securities and Exchange Commission (SEC) by paying a fine of $2.5 million. The SEC alleged that BlackRock failed to accurately describe its investments in the entertainment industry, specifically in film company Aviron Group, LLC. The settlement comes as BlackRock awaits the SEC’s review […]
SEC ordered to reconsider Grayscale’s Bitcoin ETF application
The U.S. Court of Appeals has instructed the Securities and Exchange Commission (SEC) to reassess Grayscale’s Bitcoin ETF application. The court order follows a judgment made on August 29, 2023, against the SEC’s refusal to allow Grayscale’s Bitcoin Trust (GBTC) to convert into a Bitcoin ETF. Grayscale argued that the SEC’s decision was “arbitrary and […]
All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story SEC Drops Lawsuit Against Ripple Executives After more […]
Surprise twist in Ripple’s legal battle: SEC withdraws charges against its executives
The US Securities and Exchange Commission (SEC) retracted its lawsuit against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen on Thursday, a move Ripple termed as a “stunning capitulation”. Both executives, along with Ripple, were accused of violating securities laws through the sale of the XRP token. News of the SEC’s decision led to […]
Binance sees over $500M withdrawn amid ongoing regulatory troubles
Despite an upswing in cryptocurrency prices, Binance users have withdrawn over $500 million in October due to persisting regulatory concerns. Binance has experienced approximately $525 million in net outflows this month, even as positive developments in the crypto market, such as the potential launch of a spot Bitcoin ETF in the U.S., have unfolded. These […]
Bitcoin skyrockets on false ETF news, Blackrock CEO sees ‘pent up interest’
A fake report claiming BlackRock’s application for a Bitcoin ETF was approved triggered a 10% surge in Bitcoin’s price. The unfounded assertion was made by crypto news outlet Cointelegraph, sparking a wave of excitement across social media. However, both BlackRock and the Securities and Exchange Commission (SEC) debunked the rumor, and Cointelegraph subsequently retracted the […]
All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story Trader Joe’s Files Lawsuit Against Avalanche DEX In […]