SEC

The lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) has in fact not ended, as new reports of the regulator possibly opposing the court’s decision have surfaced. If the SEC decides to proceed with the appeal, Ripple could be drawn into an even longer and more tedious legal dispute, extending the uncertainty about its regulatory clarity.  SEC May Appeal Ripple Court Ruling  In an X (formerly Twitter) post on September 26, Fox Business journalist Eleanor Terrett…

The United States Securities and Exchange Commission (SEC) has approved the Bank of New York Mellon Corp (BNY) ’s custody of crypto assets beyond ETFs.  SEC Chair Gary Gensler announced the decision after speaking in front of the Federal Reserve of New York. The announcement could disrupt Coinbase, the current leading digital asset custodian for most spot Bitcoin ETFs.  BNY Receives SEC Approval To Expand Crypto Custody  BNY Mellon currently controls over $2 trillion in crypto assets. The bank’s current…

Amid regulatory uncertainties in the U.S., a surprising player might soon shake up the crypto scene. While the SEC wrestles with custody issues, China could be on the brink of igniting a major market surge. This move has the potential to elevate Bitcoin and push certain altcoins to unprecedented levels. Discover which coins are poised for explosive growth. CYBRO Presale Exceeds $2.5 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales as its…

Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.  As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing it to avoid treating the custody of cryptocurrencies as a balance-sheet liability. BNY Mellon Seeks To Expand Crypto Custody Services The announcement came to light…

A filing published on September 20 revealed that the US Securities and Exchange Commission (SEC) approved options trading for BlackRock’s spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).  This approval opens a new chapter for investors seeking to manage their exposure to Bitcoin through advanced financial instruments. BlackRock’s Bitcoin ETF Options Approval Could Spark a Market Chain Reaction The move allows physically settled options on the IBIT, further integrating Bitcoin into traditional financial markets. This new tool will enable…

In a significant move for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved options trading for major digital assets, including Bitcoin (BTC) and Ethereum (ETH). This new development has sent shockwaves through Wall Street, where traders are now anticipating a 38% surge in the prices of Bitcoin (BTC), Ethereum (ETH), and the fast-rising AI meme coin, GoodEgg (GEGG). With institutional investors eager to capitalize on the newfound opportunities, the crypto landscape is poised for another massive…

Prager Metis CPAs has settled with the SEC for $1.95 million over allegations of audit negligence and violations of auditor independence rules in its audits of crypto exchange FTX. Settlement Details and Background FTX's auditor, Prager Metis CPAs, has agreed to a $1.95 million settlement with the U.S. Securities and Exchange Commission (SEC). This settlement comes after allegations of misconduct during the former’s audits of the crypto exchange FTX from February 2021 to April 2022. The SEC's investigation found evidence…

The post Ripple’s Legal Chief Blasts SEC Over Confusing Crypto Rules appeared first on Coinpedia Fintech News Ripple opens war against SEC! Recently, Ripple’s top lawyer, Stuart Alderoty, took to social media to blast the SEC for its inconsistent crypto regulations. He criticized the agency for its confusing guidance and even transformed the SEC’s logo into a pretzel to symbolize its confusing rules. Alderoty’s remarks followed the SEC’s recent settlement with eToro, which classified Ethereum as a nonsecurity, adding to…

The post SEC Chair Gary Gensler in Big Trouble Over Alleged Illegal Hiring appeared first on Coinpedia Fintech News The recent probe into the United States Securities and Exchange (SEC) chairman Gary Gensler has garnered significant attention from crypto enthusiasts. According to a report, Gensler and his agency may be violating federal law by favoring civil services employees based on political leanings during the recruitment process. Gary Gensler’s illegal Hiring practice This allegation by the House Republican lawmakers Jim Jordan,…