Tag Archives: sec

The drama behind the now failing digital currency exchange FTX is getting larger, and it’s giving Gary Gensler – the man behind the Securities and Exchange Commission (SEC) an excuse to deepen his involvement. Gary Gensler Wants Higher SEC Involvement FTX was, at one point, one of the largest and most popular digital currency exchanges out there. At only three years old (it was founded in 2019), the company soon rose to the top to become one of the most profitable...

The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin ETF on the Cboe BZX Exchange in 2021 when it teamed up with the Switzerland-based fintech company – 21Shares. The securities watchdog of the States, though,...

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United States financial regulators have reportedly launched a probe into FTX – one of the world’s largest crypto exchanges that is now unable to process customer withdrawals.  The investigators intend to examine whether FTX properly managed customer deposits, alongside its relationship with CEO Sam Bankman-Fried’s other crypto projects.  Probed by SEC and CFTC As reported by Bloomberg, the probe was revealed by two people familiar with the matter, who asked not to be...