Tag: SEC

‘This will be our last post’ — LBRY throws in towel against the SEC

boss

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue. “This will be our last post,” said the LBRY Inc. team in an Oct. 20 statement on Odysee, a LBRY-powered video-sharing website, which was also shared on X. LBRY Inc. is winding down. The LBRY network is unaffected. Odysee and other assets will undergo a legal process to satisfy debts, but Odysee has…

SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen

Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismissal with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first filed…

SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen

boss

Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen. In an Oct. 19 filing in U.S. District Court for the Southern District of New York, the SEC notified the court the parties involved in its case against Ripple “have stipulated to the dismissal with prejudice”, suggesting there was no need to schedule an upcoming trial. The filing did not state that the SEC was dropping its civil case against Ripple itself, first…

Grayscale ETF Case’s Final Word Coming in Federal Court as SEC Loss Formalized

Grayscale Investments is waiting for a federal court tomorrow or soon after to formalize the defeat it handed the U.S. Securities and Exchange Commission (SEC) two months ago in the parties’ dispute over a spot bitcoin exchange traded fund (ETF). That federal court action will close the case, legally setting Grayscale’s win in stone. Source BitcoinCase039sComingCourtcryptoexchangeETFExchangesFederalFinalFormalizedGrayscaleLossSECWord CryptoX Portal

SEC Chair Says He’s Still Weighing Bitcoin ETF Proposals

boss

The SEC chair said that the Commission has a lot of applications to review for spot Bitcoin ETFs. Mike Novogratz expects a spot Bitcoin ETF coming by the year end. There’s a lot happening around the approval of the spot Bitcoin ETF in the market with the SEC losing the edge over the applicants. During his interview with Bloomberg on Wednesday, October 18, Gary Gensler stated that they have multiple filings to review as of now. Furthermore, the Commission is reviewing the right exchange-traded products for Bitcoin. “Those filings are…

SEC chairman Gensler confirms ongoing review of Bitcoin ETFs

boss

Securities and Exchange Commission (SEC) Chairman Gary Gensler recently commented on the application status of numerous Bitcoin spot ETF applications. SEC Chairman Gary Gensler confirmed that the regulator reviews numerous Bitcoin spot ETF applications. While mentioning eight or nine such applications, Gensler emphasized the long-standing review process without specifying Grayscale’s situation. “The staff is doing work on those multiple filings.” Gary Gensler, SEC chairman Speaking to Bloomberg, Gensler added that proponents must ensure that their products are registered with the SEC and go through a filing process somewhat similar to…

SEC may refuse Grayscale’s Bitcoin ETF despite court win

boss

Despite Grayscale Investments securing a legal victory against the U.S. SEC over its Bitcoin spot ETF application, it’s still uncertain whether the SEC will convert the Grayscale Bitcoin Trust. Grayscale Investments won its lawsuit against the U.S. Securities and Exchange Commission (SEC) regarding its Bitcoin spot exchange-traded fund (ETF) application. However, the court is unlikely to demand the SEC to convert Grayscale Bitcoin Trust (GBTC). Gensler just now asked by @kaileyleinz about the Grayscale lawsuit and again pivots to “We have 8-10 filings from issuers.. there is a process.. and…

Pro-XRP Lawyer Reacts To Musk And Cuban’s SEC Amicus Brief

In a pivotal moment backed by pro-XRP lawyer John E Deaton’s sentiments, high-profile entrepreneurs Elon Musk and Mark Cuban, along with a consortium of prominent investors, have raised objections against the US Securities and Exchange Commission (SEC). This challenge comes in the form of an amicus curiae brief addressing the SEC’s litigation procedures. Elon Musk and Mark Cuban’s Amicus Brief Musk, Cuban, and other amici such as Phillip Goldstein, Nelson Obus, Manouch Moshayedi, and the Investor Choice Advocates Network (ICAN) collectively argue against the SEC’s predominant use of administrative proceedings…