Tag Archives: sec

It is safe to say that Binance US – the American subsidiary of the world’s leading cryptocurrency exchange – has passed through turbulent times, witnessing considerable customer withdrawals and diminished trading volume in the past several months. According to the market data provider Kaiko, weekly trade volumes on the platform have recently plunged to a mere $40 million (a 99% decrease compared to the nearly $5 billion registered in March when the crypto industry showed...

Popular game seller GameStop has announced an end of all ties to its crypto wallet system given the space is too uncertain. GameStop Withdraws from the Crypto Space The comments make sense in that there is very little crypto regulation permeating the U.S. Traders have no clear rules to follow and neither do the companies and platforms that hold their assets, and this is setting them up for some very harsh realities through financial agencies such as the Securities...

The US Securities and Exchange Commission (SEC) has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery. BAM, the organization responsible for Binance’s US affiliate, has submitted approximately 220 documents. However, the SEC’s legal representatives have alleged in a new filing that many of these documents consist of “unintelligible” screenshots and lack essential dates or signatures. Binance-SEC Courtroom...

Nasdaq, the renowned stock exchange, has officially filed with the Securities and Exchange Commission (SEC) to list an Ethereum ETF in partnership with Brazilian asset manager Hashdex, who expressed interest in holding both spot ether and futures contracts. Nasdaq Partners with Hashdex on ETH ETF Application The partnership will result in the creation of the Hashdex Nasdaq Ethereum ETF, managed and controlled by Toroso Investments. As a registered commodity pool operator with...

Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the...

Brian Armstrong – the CEO of Coinbase, the largest and most popular digital currency exchange in the U.S. – says that members of the Securities and Exchange Commission (SEC) approached him and his fellow crypto executives to see about the platform delisting all assets other than bitcoin prior to filing their suit against the company. Coinbase was Given an Odd Choice Coinbase is facing several charges from the SEC, which alleges that the digital currency firm...

Lawyers representing Binance.US believe that, overall, the SEC’s moves so far would do more harm than good for its bidding. Binance.US has claimed that the United States Securities and Exchange Commission’s (SEC) requests have been “unreasonable” with most of its requests. This is according to sealed documents filed by attorneys of the Binance.US cryptocurrency exchange on September 12. The filing – a response to SEC’s earlier request to get additional details from Binance, says most of...

Coinbase – one of the world’s largest digital currency exchanges – has ended its staking program in four states. At press time, California, Wisconsin, New Jersey, and South Carolina will no longer be privy to the trading platform’s earn program. Coinbase Earn Program Ends in Various Regions The move is a response to the present lawsuit the company is facing from the Securities and Exchange Commission (SEC). As it stands, the SEC made the claim that Coinbase has...

Grayscale says it will do everything in its power to ensure it gets approval for a new bitcoin-based exchange-traded fund (ETF). Grayscale Wants the SEC to Approve All ETFs Also, the crypto company has asked that all the current bitcoin ETF applications the SEC is looking at be approved simultaneously. The bitcoin ETF train began in recent weeks through BlackRock, which is slated to be the big gamechanger in the world of crypto-centered ETFs. As a standard...

Linus Financial, a Nashville-based crypto platform, has settled its dispute with the SEC out of court. Previously, the project offered pooled crypto investment opportunities to its users in exchange for fiat. However, the firm voluntarily winded down its operations when a similar firm got into hot water with the securities regulator over a nearly identical product. Unregistered Securities Offering Many of the SEC’s recent lawsuits – the most high-profile one being the case...