SEC

The US SEC’s silence casts doubt on Ethereum ETF approvals, worrying industry leaders

April 17, 2024 1 min read

Ethereum exchange-traded funds (ETFs) in the United States are being met with doubt and uncertainty as a result of the Securities and Exchange Commission’s (SEC) failure to effectively communicate with supporters. CEOs Jan van Eck and Eric Balchunas have voiced apprehensions on the likelihood of approval, namely for the month of May. Eric Balchunas, Bloomberg’s Senior ETF Analyst, has revised the probability of approval to 35% as a result of

TRON challenges US SEC, citing global ICO and vague digital asset regulations

April 2, 2024 1 min read

TRON, its creator Justin Sun, and Rainberry are now engaged in a legal dispute with the US Securities and Exchange Commission (SEC) about accusations of unlawfully selling unregistered securities during their 2017 TRX token Initial Coin Offering (ICO). They contend that the claims made by the SEC are unsupported and assert that their digital assets were marketed internationally, therefore casting doubt on the SEC’s worldwide jurisdiction. The action originated in

Bitwise seeks UK SEC approval for Ethereum ETF

March 31, 2024 1 min read

Bitwise has submitted an application for an Ethereum Exchange-Traded Fund (ETF) after achieving favorable results with its Bitcoin ETF. The application incorporates a correlation study between ETH and BTC, with the objective of presenting evidence to the SEC that an Ethereum ETF should be granted permission based on shared characteristics in market dynamics. Bitwise is diversifying its investment portfolio by entering the Ethereum market with the introduction of the Bitwise

Lawmakers demand SEC clarity on ETH, pressing for definitive digital asset regulations

March 27, 2024 1 min read

A coalition of Republican members of Congress, including influential heads of House committees, has formally petitioned SEC Chair Gary Gensler to provide more precise regulations on digital assets like as Ethereum (ETH) and their safekeeping by Special Purpose Broker-Dealers (SPBDs). The letter from the MPs on March 26 emphasizes the need of regulatory openness in order to facilitate compliance for enterprises operating in the digital asset industry. The letter emphasizes

SEC faces lawsuit challenging its crypto airdrop rules, seeking clearer industry guidelines

March 27, 2024 1 min read

The US Securities and Exchange Commission (SEC) is being sued in order to get clarification on the legal classification of bitcoin airdrops. The action, filed by the DeFi Education Fund (DEF) and Texas-based clothing company Beba Collection, challenges the Securities and Exchange Commission’s (SEC) ambiguous regulatory position on cryptocurrencies. Specifically, it questions the categorization of crypto airdrops as securities. The central issue in the action is to the SEC’s management

They US SEC delays Grayscale Ethereum ETF decision again, now aiming for May 2024

March 23, 2024 1 min read

The US Securities and Exchange Commission (SEC) has postponed its verdict on Grayscale’s Ethereum futures ETF, setting a new deadline of May 30, 2024. The delay is to allow more time for thorough consideration of the proposal and related concerns. Bloomberg’s ETF analyst James Seyffart predicted this delay recently. This suggests that Grayscale’s strategy is more sophisticated than it appears. Seyffart believes Grayscale is using the delay strategically to challenge

The US SEC announces new rules that would increase crypto registration requirements

February 7, 2024 1 min read

The US Securities and Exchange Commission (SEC) announced new rules on February 6 that would increase registration requirements, and entice more market participants to join a self-regulatory organization. It also said it guarantees adherence to federal securities laws and regulations. The new laws may lead to additional regulation of cryptocurrencies and decentralized finance (DeFi). The proposed new regulations were presented in 2022 in a 247-page document. The definitions of “dealer”

Binance Challenges US SEC in Court, Citing Crypto Regulations’ Uncertain Landscape

January 23, 2024 1 min read

In a legal dispute between Binance and the SEC, Binance’s legal team has expressed concerns about the US SEC’s classification of most crypto as securities. This clash highlights the ambiguity in regulatory guidelines, which makes compliance difficult for crypto companies. Binance believes the SEC’s lack of clarity in crypto company regulations creates difficulty. The SEC encourages crypto firms to register, but the lack of clear guidelines makes it difficult for

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

January 18, 2024 1 min read

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to

Do Kwon seeks to delay his US trial as extradition from Montenegro faces delays

January 15, 2024 1 min read

In a recent legal development, Do Kwon, the former CEO of Terra, has requested that his trial in the United States be postponed. The trial, which is centered on charges brought by the US Securities and Exchange Commission (SEC), could be delayed due to Kwon’s extradition from Montenegro. Kwon’s legal team informed Judge Jed S. Rakoff in a letter that the extradition process from Montenegro is moving more slowly than

SEC’s X Page Hacked with False Bitcoin ETF Approval; Chairman Gensler Denies Claim

January 10, 2024 1 min read

In an unexpected turn of events, the US Securities and Exchange Commission’s (SEC) official Twitter account recently announced the approval of a Bitcoin Exchange-Traded Fund (ETF) listing on all registered national securities exchanges. The official X (formerly Twitter) page tweeted, “Today, the SEC grants approval for Bitcoin ETFs listing on all registered national securities exchanges.” Crypto enthusiasts and investors reacted positively to the news, hailing it as a significant development

The US SEC is warning investors against succumbing to FOMO in their investment decisions

January 9, 2024 1 min read

As the crypto community awaits the US SEC’s final decision on Spot Bitcoin ETF applications, which is set to be announced on January 10, the regulatory body has issued a cautionary report, warning investors against succumbing to FOMO in their investment decisions. The report, which was published on January 6 in an X post by the SEC’s Office of Investor Education and Advocacy, sheds light on the negative consequences of