Tag Archives: sec

Gary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to be implemented as a means of protecting people from illicit behavior. Gary Gensler Wants More Crypto Regulations One of the big problems Gensler has with crypto – bitcoin specifically – is...

The recently-appointed SEC Chair, Gary Gensler, believes the cryptocurrency industry and the people involved need more advanced protection. In a recent interview, he also referred to bitcoin as a speculative store of value and called for an update of the existing regulations in the US. Advanced Protection for Crypto Investors in the US The cryptocurrency boom that started in late 2020, in which prices blossomed, and global demand skyrocketed, has caught the attention of...

The inability of US authorities to implement clear and precise regulations on the cryptocurrency industry is “frustrating,” commented the CEO of Ripple – Brad Garlinghouse. The executive also blasted the country’s regulator for being the only world watchdog insisting that the XRP token is a security. US Trails Behind Other Nations For Crypto Clarity With the growth of the cryptocurrency industry in the past year or so, world regulators began discussing more actively what type...

Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm.   During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity he runs and the blockchain-based payment processor – Ripple.  As previously reported, Ripple has legal troubles in the US as the...

The Securities and Exchange Commission (SEC) has accused Ripple of “harassment” after its executives were granted access to internal documents from the regulatory body. The documents allegedly contain information about three currencies —BTC, ETH, and XRP, where the SEC classifies the three of them as “digital currencies.” Now the SEC wants to limit access to these documents, claiming they are “irrelevant” to the case. The SEC Asks the Judge To Block Ripple’s Access On April...

As bitcoin and the cryptocurrency industry continue to grow, there is increasing pressure on the Securities and Exchange Commission (SEC) to do something about approving a bitcoin-based exchange-traded fund (ETF). America is lagging, and with the digital currency world expanding to such a degree, many analysts and investors are wondering what could be taking so long. A Bitcoin ETF: Is It Right Around the Corner? As it stands, there are at least eight companies looking to...

The number of companies filing to receive approval to launch a Bitcoin ETF in the US continues to increase with the addition of Mike Novogratz’s Galaxy Digital. If approved, the Galaxy Bitcoin ETF will trade on the NYSE Arca exchange.  Based in New York, Galaxy Digital is a diversified financial services firm dedicated to the cryptocurrency and blockchain industry. The company has made another pro-crypto step by filing with the US Securities and Exchange Commission to launch...

Hester Pierce – the commissioner of the Securities and Exchange Commission (SEC) – says that she hopes the U.S. government is not stupid enough to try and ban bitcoin activity, as there is no way it could ever stop people from trading it or being involved. Hester Pierce: The Government Can’t Be This Naive Pierce is often dubbed the “Crypto Mom” given her loose stance on cryptocurrency regulation. She believes that many digital assets are legitimate methods of finance,...

The blockchain-based payment processor has registered another win in its ongoing legal battle against the US Securities and Exchange Commission. The Judge ruled in favor of Ripple by dismissing SEC’s request to access Ripple executives’ personal bank records.  CryptoPotato reported in early March when the SEC sent subpoenas to six banks requesting personal financial information for Ripple’s CEO Brad Garlinghouse and the co-founder Christian Larsen.   The duo objected and...

Todd Rosenbluth – head of ETF and mutual fund research at CFRA Research – mentioned in a recent interview that he thinks a bitcoin or crypto-based exchange-traded fund will appear in the United States within the next year or two. Rosenbluth Still Thinks It’ll Be a While Before We See a BTC ETF in the U.S. Rosenbluth comments: We’ve got a number of firms that have either gone through the filing process or have previously filed but are waiting for more clarity. The SEC is...