SEC

Grayscale CEO Michael Sonnenshein believes it's only a matter of time before a Bitcoin spot ETF gets permission in the United States. He recently claimed that there may be grounds for a lawsuit against the commission if they don’t. A Matter of ‘When’ Speaking with CNBC last week, Sonnenshein explained why a recent futures ETF approval spells optimism for an upcoming spot variant. The SEC greenlighted the  Teucrium Bitcoin Futures ETF earlier this month, which was filed under the Securities…

On Friday, the United States Securities Exchange Commission turned down Ark 21Shares' Bitcoin ETF proposal. The commission's refusal makes it its sixth rejection of crypto ETFs within the space of a year. The SEC Cites its Reasons On Friday, April 1, The United States Securities Exchange Commission (SEC) delivered its verdict on Ark 21Shares' spot Bitcoin ETF proposal after several postponements. The SEC refused to approve the application, stating that the ETF did not provide adequate protection against manipulation or…

A New York court has declined to drop the Security and Exchange Commission's lawsuit against payments processing company, Ripple. Interestingly, the court also dismissed SEC’s motion against Ripple. Ripple’s CEO Brad Garlinghouse has declared the latest development a “huge win”. Judge Denies Execs' Dismissal Motions A New York court turned down the motions of two senior executives at Ripple to dismiss the pending lawsuit against them. The verdict, delivered by Magistrate Analisa Torres, nullified the executives' motions to drop the…

Facing increased scrutiny from the country's financial regulators, Binance paused all of its services in Israel. BNB token plunged on the news. On Thursday, Israel's Capital Markets Authority, the country's chief financial regulator, asked Binance to clarify its activities. In particular, Israeli authorities asked Binance to clarify the services it provides and the license under which it operates. According to the regulator, one of the largest exchanges in the world has stopped key operations after the probe. Following the intervention of…

The United States Securities and Exchange Commission (SEC) is reportedly looking into Binance.US. Binance.US is the American division of the world’s biggest crypto exchange. At writing, the SEC’s major objective during its rumored probe is to discern Binance.US’s relationship with two trading companies, Merit Peak Ltd and Sigma Chain AG.  The aforementioned companies provide liquidity for Binance in exchange for the spread on executed trade orders. Documents dating back to 2019 connect Binance CEO Changpeng Zhao to both trading firms.…

The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods.    The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…

The United States Securities and Exchange Commission (SEC) regulates the financial security market at a federal level. Among the many topics that have caught the interest of the SEC, one must remember to mention the crypto and blockchain markets. The existing SEC crypto regulations target several common aspects of this new industry, which is why every investor must pay attention to these regulations. Therefore, while the world waits for a global policy on the sector, our article will deal with the…

The current and former chairmen of the Securities and Exchange Commission show little partisan disagreement. Earlier today, Democrat chairman Gary Gensler and his Republican predecessor Jay Clayton called on exchanges to register with the commission. Both justify their actions by the motivation to protect investor concerns, as Gensler commonly puts it. Register Or Else, Say SEC Chiefs The SEC chiefs aired their thoughts during a Fireside chat at the Digital Asset Compliance & Market Integrity Summit on Wednesday. The event…

Following months of ongoing battles and legal pressure, Ripple is finally making some progress in its lawsuit with the SEC. CEO Brad Garlinghouse said he expects the case to finally end next year. Lawsuit Update From Brad Garlinghouse Brad Garlinghouse – CEO of Ripple – elaborated on the lawsuit’s latest development in an interview with CNBC on Monday. The lawsuit began in December of 2020, with the SEC accusing Ripple of selling $1.3 billion worth of XRP in an unregistered…