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Tag Archives: sec

SEC Approves Valkyrie’s Bitcoin Futures ETF

The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF. According to the official document, Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of Teucrium. However, the launch date has not been disclosed yet. Unlike its Canadian, European, and Latin American counterparts, the US...

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Ripple CEO Believes SEC Lawsuit Could Be Resolved This Year

Ripple CEO Brad Garlinghouse recently revealed that the almost two-year lawsuit with the United States Securities and Exchange Commission (SEC) is drawing to its climax and could be resolved before the end of the year. The Long-Awaited Climax Is Near In an interview with Fox Business correspondent Charlie Gasparino, the Ripple boss acknowledged that the company’s ongoing legal battle with the SEC has gone “quite well.” He further noted that his company’s case will set a major...

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SEC Nearly Doubles Size of Crypto Market Protection Unit

America’s top financial watchdog – the Securities and Exchange Commission – disclosed it will almost double the size of its employees, responsible for protecting investors in the digital asset ecosystem. The Crypto Assets and Cyber team will be topped up with 20 people, reaching a total of 50 experts. SEC Hires More People Focusing on the Crypto Space The SEC has long advocated setting up comprehensive rules in the crypto space. The agency outlined the significant progress of...

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Analysts Say a Spot BTC ETF Will Arrive in 2022

Crypto analysts are convinced that 2022 will be the year in which a real bitcoin-based exchange-traded fund (ETF) comes about. To be fair, one already exists; it was established last year by Pro Shares, but that one is based on bitcoin futures. This new one, they believe, will be based on spot trading. In other words, it will be real. Will a Spot Bitcoin ETF Come About This Year? The sentiment comes following the Securities and Exchange Commission (SEC) approving an...

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Uniswap Faces Lawsuits for Unregistered Offer and Sale of Digital Tokens

Nessa Risley, an Uniswap user from North Carolina, invested about $10,400 on low-cap digital tokens such as EthereumMax, Matrix Samurai, and Rocket Bunny between May and July of last year. The trader has since experienced “substantial losses” and thus sought justice through legal action. On April 4, Risley launched the legal proceedings, alleging that Uniswap has failed to conduct identity checks and impose securities restrictions on “fraudsters” who use the platform to list...

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SEC’s Proposal to Amend the Definition of Exchange Violates the First Amendment, Says Coin Center

Coin Center has vehemently pushed back the controversial SEC proposal that sought to redefine the definition of “exchange” within the Securities Exchange Act in a bid to “include systems that offer the use of non-firm trading interest and communications protocols to bring together buyers and sellers of securities.” The group deemed the regulator’s move as “unconstitutional.” The Washington-based non-profit that focuses on cryptocurrency policies, Coin Center, announced filing...

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Gary Gensler Wants All Crypto Exchanges Regulated

In a recent interview, it’s been confirmed that Gary Gensler – the head of the Securities and Exchange Commission (SEC) – is looking to regulate cryptocurrency exchanges. Gary Gensler Is Looking at Crypto Exchanges… Again A discussion of the matter was recently held by Jennifer Schonberger, a reporter who had specific details into the ideas of Gensler and his agency. She commented that he is looking to separate all market makers and subject them to the same financial...

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US SEC Insists Companies to Account for Risks Related to Crypto

The US Securities and Exchange Commission (SEC) – urged local companies that provide crypto services to disclose the associated risks with such operations to clients. The agency warned investors to be utterly cautious when delving into the asset class as they could experience a financial loss. Crypto Firms Should be Held Accountable The US SEC issued guidance to a wide range of entities, including cryptocurrency-related companies, to explain in detail the essence of their...

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SEC Chairman Questioned by Senators About Overburdensome Crypto Reporting Requirements

Rep. Tom Emmer of Minnesota’s 6th district recently sent a letter to Gary Gensler – Chairman of the Securities and Exchange Commission (SEC) – with critical questions about the authority’s crypto industry reporting requirements. The letter is written on behalf of multiple blockchain firms that claim these requirements – framed as “requests” – aren’t exactly voluntary, and are stifling innovation. Stifling the Crypto Sector Sent on Wednesday, the letter was co-signed by seven...

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Sibling Pair Charged with Illegal Sales of Ormeus Coin

Early last week, authorities in the United States filed criminal and civil charges against a crypto executive and his sister for allegedly defrauding investors out of millions of dollars with the help of a little token called Ormeus Coin. Ormeus Coin – A Tool for Evil? John Barksdale and his sibling JonAtina are accused of lying about the profitability and value of Ormeus Coin and its mining assets. Allegedly, the asset was backed by more than $250 million through a...

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