In Brief The SEC has distributed $4.6 million to investors affected by BitClave’s failed 2017 ICO, which raised $25.5 million. BitClave agreed to pay $29 million to a restitution fund but had only contributed $12 million as of early 2023. Eligible investors filed claims by August 2023, and the SEC completed the review process in…
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In Brief Speculation is growing that SEC Chair Gary Gensler may announce his resignation after Thanksgiving. Chair Gensler has faced criticism from the crypto community for his enforcement-heavy approach. Potential successors would be tasked with mending relationship with the emerging cryptocurrency industry. Reports suggest that Gary Gensler, Chair of the US Securities and Exchange Commission…
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In Brief The SEC has approved the first-ever Ethereum ETF, marking a major milestone for Ethereum and the crypto industry. This approval indicates growing institutional acceptance and allows investors to gain direct exposure to Ethereum. Following the news, Ethereum’s price had muted response. It is currently trading around $3,475. Ethereum has followed in Bitcoin’s footsteps,…
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In Brief SEC approves 8 spot Ethereum ETFs, including BlackRock and Fidelity. However, the issuers need further approval for S-1 registration. Experts argue political pressure likely influenced the SEC’s decision. In a landmark decision, the US SEC has approved eight spot Ethereum (ETH) exchange-traded funds ETFs, including those from BlackRock and Fidelity. This approval follows…
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In Brief Spot Ethereum ETFs face uncertain future in the US as SEC re-postpones decision. Asset manager Hightower discloses a significant investment in spot Bitcoin ETFs. Regulatory landscape remains a key factor in the trajectory of spot crypto ETFs. The United States Securities and Exchange Commission (SEC) has once again delayed its decision on highly-anticipated…
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Several crypto lawyers have pushed back against SEC’s reliance on the insider trading case judgment. The US Securities and Exchange Commission (SEC) wants to leverage a decision from an insider trading case to strengthen its lawsuit against several crypto trading platforms, including Coinbase and Binance.US, according to recent court filings. SEC claims ‘insider trading’ case is relevant Last…
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In a nutshell the SEC’s request for additional financial documents was rejected by Ripple’s legal team because they thought it was too late and unjustifiable. The crypto company emphasizes previous discoveries in its argument that the request is irrelevant and burdensome. Swell Labs additionally communicated worries that the furthest down the line improvement could prompt…
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In a word The SEC has delayed its choice on the Constancy spot Ethereum ETF from January 20 to Walk 5, 2024. The ETF, proposed by Cboe BZX Trade, would coordinate Ethereum interests into standard business sectors. This expansion mirrors the SEC’s cautious assessment of crypto, zeroing in on financial backer assurance and market trustworthiness.…
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In a word Gary Gensler, SEC seat, cautions that incorporated simulated intelligence could represent a danger to the monetary framework, making monoculture. Gensler brings up that controllers presently have no oversight of man-made intelligence models which will assume a vital part in finance. To prevent the development of a fragile system, he insists on the…
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To sum things up U.S. SEC supports the main spot Bitcoin ETF, denoting a critical achievement for cryptographic money. The endorsement signals developing acknowledgment of computerized monetary standards, drawing in a more extensive scope of financial backers. According to experts, this could open the door for additional ETFs based on crypto, thereby transforming the digital…
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