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Tag Archives: sec

A BTC ETF Is One of the Most Desired Products

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...

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Mike Novogratz’s Galaxy Digital Filed for Bitcoin ETF With the SEC

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...

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Hester Pierce: It’s Not Possible to Get in Bitcoin’s Way

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,...

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XRP Price Surges 40% to $1.4 as Court Disallows SEC to Access Ripple’s Execs Personal Records

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...

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Todd Rosenbluth: It Will Be 1-2 Years Before the U.S. Approves a BTC ETF

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...

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XRP Price Soars to $1 In Anticipation of Today’s Ripple-SEC Hearing

Despite the ongoing legal battle with the Securities and Exchange Commission and today’s hearing, Ripple’s native digital asset has exploded in value in the past few days. XRP is more than 70% up in a week, and its price tapped $1 for the first time since mid-2018.  CryptoPotato reported in late 2020 that the SEC has alleged the blockchain-based payment processor of conducting a $1.3 billion unregistered securities offering.  Although Ripple’s executives claimed on numerous...

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Grayscale Confirms Plans to Convert GBTC into a Bitcoin ETF

The world’s largest cryptocurrency asset manager, Grayscale, has confirmed its commitment to convert the GBTC trust into a Bitcoin ETF. The company has filed documents with the US Securities and Exchange Commission indicating that it has completed all steps before such a transition.  Launched in 2013, Grayscale is a digital asset manager enabling institutional and accredited investors to receive exposure to BTC and other cryptocurrencies without worrying about storing and...

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Fidelity Investments Plans to Enter the Bitcoin ETF Arena

With so many companies getting involved in the bitcoin-based exchange-traded fund (ETF) game as of late, it makes sense that a large financial firm such as Fidelity Investments would throw its wrench into the pot. Fidelity Is Looking to Establish a Bitcoin ETF Fidelity was one of the first financial brokers to offer digital currency trading and storage services to its clients in 2018. Now, it’s cementing its status even further as the ultimate crypto haven by preparing...

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Not Just Ripple: SEC Goes After Another Blockchain Company

A few months after it filed a lawsuit against Ripple for conducting an unregistered security offering, the SEC has done the same against another blockchain project. This time, it’s going for LBRY – a project operating a decentralized content publishing platform. $11M Worth of Unregistered Securities Offering? Based in New Hampshire, US, LBRY Inc is a blockchain-based file-sharing and payment network that powers social networks and video platforms. Although it was founded in...

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Goldman Sachs Files for a Bitcoin ETF With the SEC

Major U.S. investment bank Goldman Sachs has filed a prospectus with the U.S. Securities and exchange Commission (SEC) for an exchange-traded fund (ETF) that could offer exposure to bitcoin and other cryptocurrencies.In a recent document filing, Goldman Sachs is seeking approval from the SEC to launch an ETF called the ARK Innovation ETF.According to the banking giant, the ETF would focus on companies that offer what it considers “disruptive innovation” while stating that it could offer...

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