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Tag Archives: sec

Binance Invests a Lot of Money into Curve’s Stable Asset

Binance Labs – the investment side of the world’s largest and most popular digital currency exchange – has placed $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance Puts a Lot of Dough into Curve At the time of writing, Curve is valued at roughly $2.4 billion and witnesses a daily trading volume of more than $215 million on its investment platform, which seeks to help fans of decentralized finance (defi) trade assets for the...

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Attorney: The SEC Will Not Go Easy on Binance

Not long ago, Bittrex – a popular digital currency exchange – settled the lawsuit that had been filed against it by the Securities and Exchange Commission (SEC). The financial agency has had it in for the firm (like it has with many others), and the company is now looking to get things done quickly and silently so it can continue its operations without interruption, but a former special trial counsel is saying that the same easy route to ending things likely won’t...

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Here’s When Bitwise’s Ether Futures ETFs Will Debut

Asset managers continue to actively explore digital asset products, with Bitwise poised to launch trading for two Ethereum-themed ETFs next week. The release of the two products is expected to enable investors to gain exposure to CME Ether futures through the widely popular and regulated ETF format for the first time. Bitwise’s Ethereum-Themed ETFs One of the crypto index fund managers – Bitwise – announced that the trading of the Bitwise Ethereum Strategy ETF (AETH) and the...

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Ripple v. SEC: Pro-XRP Lawyer Says This is the Regulator’s Dumbest Argument

John E. Deaton – a US attorney representing thousands of Ripple investors in the lawsuit against the US Securities and Exchange Commission (SEC) – does not see how the regulator will prevail. He described the agency’s claim that it wants faster adjudication than the blockchain enterprise as the “dumbest argument” he had heard. In his view, the SEC’s only option is to prolong its inevitable loss by appealing the court’s decision whenever possible. The SEC’s Desperate Tactics...

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Circle Claims Stablecoins are Not Securities in Binance Lawsuit

In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the charges based on the exchange’s role in enabling transactions in multiple...

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Bitcoin Flirts With $27K as Ripple (XRP) Shocks With Unexpected Volatility: This Week’s Crypto Recap

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

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Circle Intervenes in SEC Case against Binance, Defends Stablecoins’ Regulatory Status

The SEC’s case against Binance centers on its claim that BUSD was sold as an investment contract, primarily because Binance marketed it as offering yield through reward programs. In a recent development, renowned stablecoin issuer Circle has intervened in the US Securities and Exchange Commission’s (SEC) case against Binance, arguing that stablecoins should not be classified as securities. Circle Defends Binance via Stablecoins The crux of Circle’s argument is that financial trading laws...

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Crypto Analysts Remain Bullish SEC Postpones Spot Bitcoin ETF Verdict for BlackRock, Invesco, Bitwise

Eric Balchuna claims that by the end of 2024, there is a 95% chance that a spot Bitcoin ETF will be approved, up from a 75% likelihood this year. The United States Securities and Exchange Commission (SEC) has once again postponed its decision on multiple proposals for spot Bitcoin exchange-traded funds (ETFs). This move, affecting applications from major crypto players such as BlackRock and Invesco, has caused serious discussions among analysts. The unexpected turn of events happened two...

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SEC Chair Gensler Talks Crypto Regulation and Spot Bitcoin ETF in Congressional Hearing

During his congressional testimony on Wednesday, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, persisted in his criticism of the cryptocurrency industry. Despite partisan divisions and ongoing legal battles, Gensler did not disclose the SEC’s next moves regarding spot bitcoin exchange-traded funds (ETFs) following a recent legal setback. Gensler Accuses Crypto Companies Chair Gary Gensler continued his combative stance against what he called crypto...

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The SEC Delays Its ARK Invest Bitcoin ETF Decision

Not long ago, the Securities and Exchange Commission (SEC) was set to decide on a new bitcoin-based exchange-traded fund (ETF) application that was submitted by ARK Invest and its chief executive Cathie Wood. The decision date was coming up soon, but unfortunately, the SEC had the opportunity to delay its decision, and now it appears it has taken that route. The SEC is at It Again The delay could give the SEC as much as 240 more days to decide on the application....

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