Tag Archives: sec

Accesswire published a press release today claiming that Ripple had finished its battle with the SEC. Stuart Alderoty– General Counsel for Ripple– promptly responded by calling the story false. Accesswire has since removed the story from their site. What Did The Press Release Say? Though the original link has been taken down, Accesswire’s article was archived in advance. The story was titled “SEC vs. Ripple Legal Fight is Over” and claimed Ripple had announced that the SEC...

The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country. Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on the Chicago Mercantile Exchange under the 1940 Investment Company Act. He disclosed that the Investment Act of 1940...

A federal judge in New York has denied Ripple Labs’ motion to order the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions in an effort to prove that the agency did not consider XRP to be a security. The SEC Wins One Against Ripple According to an official transcript, Ripple filed the request on August 27. Their rationale for the request was that if it were discovered that the SEC employees had traded XRP, it would at a...

Fidelity Digital Assets – the cryptocurrency division of Fidelity Investments – has recently sent representatives of the firm to secretly meet with agents of the Securities and Exchange Commission (SEC) as a means of pushing its new crypto-based exchange-traded fund (ETF) further along the way. Fidelity Wants the SEC to Move Quickly Fidelity believes that the cryptocurrency industry is now large enough to push such a product, which has been making its way across SEC...

David Ignatius of the Washington Post interviewed SEC chair, Gary Gensler, on the cryptocurrency landscape, where the latter provided his approach to regulating the digital asset industry. Gensler expresses optimism for the possibilities crypto provides for enhancing finance, but he also believes that most of the space should fall under regulatory supervision – including stablecoins. At the start of the interview, Gensler commented on the recent market crash in the market of...

Gary Gensler and the Securities and Exchange Commission (SEC) are really feeling the heat when it comes to developing new regulations surrounding the bitcoin and blockchain spaces. The agency is now working “overtime” as CNBC puts it to establish a new set of crypto-related rules designed to pause volatility and potentially keep traders (and their money) safe. Gary Gensler Is Now Under the Gun Gensler has commented in a recent statement that while he wants the space to...

In an update to a blog post from months prior, Coinbase has withdrawn its plans to launch a USDC APY lending program on the platform in response to mounting legal pressure from regulators. Coinbase Bends to the SEC The news was quietly released this Friday when Coinbase updated its June blog post that announced an upcoming lending product. After encouraging users to pre-enroll for its program, the team has now discontinued its waitlist, which attracted hundreds of thousands...

Over the past few months, the idea of adding bitcoin or crypto to one’s retirement account has really picked up steam. There are many individuals out there that are looking for ways to diversify their portfolios as a means of preparing for retirement later in life, and thus they are looking to add cryptocurrencies to an IRA or similar product. a Crypto-Based IRA Doesn’t Have That Many Possibilities For many, inflation has become a very scary reality. Prices of goods and...

SEC-Boss Gary Gensler hat sich schon mehrfach zu Regulierungen des Cryptomarktes geäußert. Er sieht die Regulierung als notwendig an und glaubt, dass der Markt davon profitieren sollte. Doch gleichzeitig sagt er auch, dass die SEC zurzeit einfach nicht die Ressourcen hat, um eine Regulierung umzusetzen. Crypto News: SEC aktuell nicht groß genug, um Cryptomarkt zu regulierenAktuell sei man vor allem mit den Unternehmen beschäftigt, die intensive Verbindungen zu China haben. Darüber hinaus hat...

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities...