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…
