Tag Archives: sec

As expected by analysts, the Securities and Exchange Commission (SEC) has again delayed its upcoming decision on whether to approve a slew of Bitcoin spot ETF applications. This pushes forward their respective decision dates by another 45 days. According to the SEC’s website, decisions for proposed ETFs from Blackrock, Invesco, WisdomTree, Valkyrie, Bitwise, VanEck, and Fidelity have all been postponed. “The Commission finds it appropriate to designate a longer period within...

The American entrepreneur Vivek Ramaswamy, who is one of the US Presidential nominees of the Republican Party, thinks Grayscale’s court victory against the SEC is positive news that could keep Bitcoin and blockchain innovation within the States rather than see it relocate abroad. The 38-year-old businessman has presented himself as a proponent of the primary cryptocurrency and a critic of the possible launch of a central bank digital currency (CBDC) in America.  Praising...

Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities. United States District Judge Katherine Polk Failla has dismissed with prejudice the class action suit against the decentralized exchange Uniswap. Recall that in April 2022, six former investors on Uniswap filed a suit against the exchange for allowing scam tokens on its platform. The individuals claimed to have bought scam tokens EthereumMax...

As the US Securities and Exchange Commission (SEC) faces mounting political pressure to greenlight a bitcoin ETF following its recent court loss, there’s an opposing viewpoint that insists on maintaining the current stance. However, CoinShares product head Townsend Landing believes the financial regulator is stuck in a maze of its own making. ‘Hoist With His Own Petard’ The Court, comprising three judges, each representing different political inclinations, reached a unanimous...

Two Bloomberg exchange-traded fund (ETF) analysts, Eric Balchunas and James Seyffart, predicted that there is a 75% chance the United States will have a spot Bitcoin ETF by the end of 2023, following Grayscale’s win against the US Securities and Exchange Commission (SEC). While the SEC has approved future-based Bitcoin ETFs, the Commission is yet to green-light any spot Bitcoin ETF application. Spot Bitcoin ETF Coming to the US in 2023? Eric Balchunas and fellow Bloomberg ETF...

Grayscale CEO Michael Sonnhenshein spoke to CNBC’s Squawk Box on Wednesday on his company’s latest victory in its lawsuit against the Securities and Exchange Commission (SEC). While discussing next steps and the possibility of appeal, Sonnhenshein promised that Grayscale’s fees are prepared to drop should its Bitcoin trust successfully convert into an ETF. What’s Next For Grayscale? During the interview, Sonnhenshein explained that the SEC now has 45 days to request a...

The Securities and Exchange Commission (SEC) has announced that it has taken on six more bitcoin-based exchange-traded fund (ETF) applications for review. It appears the hype and hoopla surrounding the present BlackRock application has got everyone in a big, powerful huff, and they want to take part in the action. The SEC Accepts Six More BTC ETF Applications for Review The move is relatively contradictory to the comments made by a string of analysts, recently....

US Representative Warren Davidson continues to push for Gary Gensler’s removal as the chairman of the Securities and Exchange Commission (SEC) following Grayscale’s recent win in court against the agency. Industry stakeholders and the broader crypto community believe Gensler and the SEC’s regulation by enforcement approach towards the crypto industry caused more harm than good to retail investors. Rep. Davidson Bent on Gensler’s Ousting Rep. Warren Davidson continues to pan...

CoinspeakerNasdaq Composite Soars Over 1% as Tech Stocks Rebound At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data. Nasdaq Composite Soars Over 1% as Tech Stocks Rebound

The U.S. Court of Appeals for the D.C. Circuit has released its full letter explaining its decision to rule in Grayscale’s favor in its lawsuit with the Securities and Exchange Commission (SEC). The decisive 3-0 victory for the company is based on the SEC’s “unreasonable” justification for favoring futures ETFs over spot products, and its inability to provide evidence for its claims. Grayscale’s Victory Explained Per the court’s decision on Tuesday, the SEC “failed to...