Key Takeaways In response to the Securities and Exchange Commission (SEC) rejecting its request to convert its Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund, Grayscale Investments has filed a lawsuit against the SEC (ETF). In response to…
Key Takeaways The United States Securities and Exchange Commission, or SEC, chief, Gary Gensler, renewed his plea for investor protection in securities offered by crypto businesses. Gensler warned individuals about potentially “too good to be true” investment returns. According to…
Key Takeaways: The SEC-Ripple dispute is now about the agency’s image and reputation, as well as business and profits for the corporation. The US Securities and Exchange Commission has filed a joint report with the Virginia Eastern District to postpone…
Key Takeaways: Judge Sarah Netburn was informed that the SEC intends to appeal the court’s recent deliberative process privilege ruling, requesting additional time. The agency has noted that the defendants are willing to move to summary judgment in the absence…
Key Takeaways: A class-action lawsuit has been filed against former Securities and Exchange Commission Chairman Jay Clayton and executive Bill Hinman. In a significant development, Clayton and Hinman are accused of plotting to destroy Ripple. A class-action lawsuit has been…
Key Takeaways: After Grayscale, the SEC has rejected the spot Bitcoin ETF application from Ark 21Shares. The regulator has cited an issue in investor protections. The crypto market is highly volatile and subject to high risk. Therefore, The U.S. Securities…
Background In recent times, we saw a huge rise in websites and platforms that aim to offer users a unique terminal where they can transact and invest in various cryptocurrencies. These businesses and/or their agents also offer the service of…
Grayscale, the world’s largest digital currency asset manager, may get into chaos with the SEC. For a long time, CEO Michael Sonnenshian has been trying to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). But the Securities…
Follow us on Google News Key takeaways: The amendment rule is to promote operational transparency. The commission also plans to impose amendments to Regulation ATS and ATSs that trade government security. This amendment aims to bring buyers and sellers of…
Key Takeaways: The Court asks SEC to reveal Hinman’s email regarding Ethereum to Ripple. SECs’ arguments regarding the documents were partly agreed to and partly denied. XRP is yet to be determined as security. The crypto industry dodges a blow…
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