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Tag Archives: sec

Grayscale CEO Will Consider Massive Share Buyback if SEC Lawsuit Fails

Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the same day, the executive also commented on the FTX’s collapse, the crypto bear market, and the state of Binance. Shoring Up GBTC In a conversation with CNBC, Sonnenshein acknowledged that the industry is going through a “crypto winter,” which will produce more “regulation” and...

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XRP-Kursrallye: Ripple vor historischem Erfolg?

Wenn Ripple Labs den Prozess gewinnt und die Ripple-Währung XRP wieder ins Sortiment der grossen Bitcoin-Börsen aufgenommen wird, kann sich der Ripple-Kurs von 35 Rappen auf 3 Franken locker verzehnfachen. Dies ist aber reine Spekulation. Seit rund zwei Jahren streitet sich Ripple mit der US-amerikanischen Regulierungsbehörde SEC um den Status von XRP. Handelt es sich dabei um ein unlizensiertes Wertpapier? Jeremy Hogan, Anwalt von Ripple glaubt,...

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WisdomTree’s Ethereum and Stellar-Enabled Funds Receives SEC’s Approval

The US Securities and Exchange Commission (SEC) has approved WisdomTree’s nine blockchain-enabled funds. According to the official press release, the new digital funds will reflect different exposures, with each of them investing in traditional assets, but will not track crypto assets. However, the firm will leverage Stellar or Ethereum blockchains as a secondary record of share ownership, with official ownership records maintained by the digital funds’ transfer agent. With...

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Stringent Crypto Regulation Incoming After FTX Collapse: Warns Thai SEC

The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar to that of the global market in a bid to protect investors. According to Bangkok Post, the SEC said that regulators should play a greater role in enhancing investor protection mechanisms. The regulator has established a working committee consisting of relevant government agencies...

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Most of Crypto Should be Regulated as Securities Following FTX Crash, Says ICE’s CEO

Jeffrey Sprecher – CEO of Intercontinental Exchange Inc (ICE) – said watchdogs should regulate most cryptocurrencies as securities. Gary Gensler – Chairman of the US SEC – also classified the majority of digital assets as securities, meaning they should fall under his agency’s jurisdiction. ‘Exchanges Will be Separated From the Brokers’ Sprecher thinks the FTX collapse has shown that most cryptocurrencies should be classified as securities, or in other words, fall in the same...

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Cryptocurrency Advertizing ìn the US Under Scanner Over Possible Misconduct

The United States Federal Trade Commission (FTC) is targeting certain crypto companies over deceptive or misleading advertising. With the latest move, the FTC appears to follow in the footsteps of the SEC as the crackdown on the ecosystem broadens. According to a Bloomberg report, FTC spokeswoman Juliana Gruenwald Henderson said: “We are investigating several firms for possible misconduct concerning digital assets.” Henderson, however, declined to provide further details...

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