Tag: SEC

Who is filing and when the SEC may decide

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The race to list the first spot-traded Bitcoin (BTC) exchange-traded fund (ETF) in the United States has seen the entrance of major financial institutions like BlackRock, Fidelity and VanEck.  While the U.S. Securities and Exchange Commission (SEC) first approved a Bitcoin-linked Futures ETF in October 2021, the current filings are for spot Bitcoin ETFs. Following Grayscale’s recent legal victory against the SEC’s review of its spot Bitcoin ETF proposal, many now believe approval of the investment funds is more likely. The interest of BlackRock — the world’s largest asset manager…

SEC Likely to Approve Bitcoin ETFs after Grayscale’s Win

The analysts noted that the SEC may have to approve Grayscale’s ETF proposal and potentially other spot-based Bitcoin ETFs in order to maintain regulatory consistency.  JPMorgan Chase & Co (NYSE: JPM) has predicted that the United States Securities and Exchange Commission (SEC) will be compelled to approve spot Bitcoin (BTC) Exchange-Traded-fund (ETF) applications from various asset managers following Grayscale’s favorable court ruling. Grayscale Investments, a prominent player in the crypto space, had been seeking SEC approval to convert its Grayscale Bitcoin Trust (GBTC) into an ETF for some time. However,…

Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory

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There have been talks about the US Securities and Exchange Commission (SEC) and Ripple Labs reaching a settlement following the ruling that XRP isn’t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties. Coinbase’s Motion Key To Settlement In a tweet released on the X (formerly Twitter) platform, Deaton stated that the “only way” the SEC and Ripple can settle this year is if Judge Failla grants Coinbase’s motion to dismiss the SEC’s lawsuit against it.  The…

Former SEC chair Jay Clayton predicts inevitable approval of Bitcoin ETF

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Former Securities and Exchange Commission (SEC) Chairman Jay Clayton has expressed his belief that the approval of a spot Bitcoin Exchange-Traded Fund (ETF) is “inevitable.” Clayton stated that there is a big likelihood for a spot Bitcoin ETF approval to happen in a recent CNBC interview, despite the SEC’s delay in approving Bitcoin ETF applications. So far, numerous companies have submitted applications for ETFs centered on spot Bitcoin, among them BlackRock, Ark Invest, Bitwise, WisdomTree, VanEck,…

Grayscale defeats SEC, ETF drama takes spotlight, Ronaldinho embroiled in crypto scam

This week, Grayscale triumphed in a high-stakes battle against U.S. regulators, while developments emerged regarding spot-based BTC ETF applications. Amidst these events, football star Ronaldinho found himself embroiled in a crypto controversy. Grayscale secures victory  Grayscale’s legal triumph over the U.S. Securities and Exchange Commission (SEC) seized the spotlight this week. In a groundbreaking decision by a federal court in Washington, Grayscale received the green light to introduce a spot-based BTC ETF in the U.S. This judicial action overturned the SEC’s previous denial of Grayscale’s proposal, deeming it irrational and…

U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

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The U.S. Securities and Exchange Commission (SEC) is delaying its decision on the approval of spot-based Bitcoin (BTC) exchange-traded funds (ETFs) until October. In new filings, the regulatory agency announces that it will be pushing back its decision to approve or deny numerous bids to create BTC ETFs, including those of financial firms Invesco, WisdomTree and Valkyrie, from August to October. A Bitcoin ETF would give investors exposure to the crypto asset through brokerages, much like precious metals such as gold and silver. The move comes as no surprise to…

Ripple counters SEC, says XRP has intrinsic value

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple, in a Sept. 1 court filing, rebuts a regulatory assertion that XRP lacks intrinsic value, emphasizing its role as a bridge virtual asset. In the ongoing legal showdown with the U.S. Securities and Exchange Commission (SEC), Ripple has challenged the agency’s claim that XRP is nothing more than a piece of computer code. Contrary to the interpretation by the regulatory watchdog, Ripple affirms that the court did not make such a ruling.  This clarification sheds…

New SEC hedge fund rules not expected to trouble crypto firms

New rules instituted by the U.S. Securities and Exchange Commission (SEC) to regulate the private funds industry are not expected to affect crypto companies. The new rules, voted 3-2 on Aug. 30 by SEC commissioners along party lines, will impact hedge funds, private equity, and certain venture capital funds. However, they seem to have piqued the interest of asset managers overseeing crypto versions of private equity funds as they navigate the possible implications.  Adam Guren, a co-founder of crypto-focused alternative asset manager Hunting Hill Digital, said the new requirements shouldn’t…

Ripple legal team opposes SEC appeal over XRP decision

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Lawyers representing Ripple in its lawsuit with the United States Securities and Exchange Commission (SEC) have suggested the regulator hasn’t met the requirements to request an appeal. In a Sept. 1 filing with U.S. District Court for the Southern District of New York, Ripple’s legal team said the SEC’s grounds for an appeal largely rested on “dissatisfaction” with a judge’s decision that the XRP token did not qualify as a security for sales to retail investors. The lawyers said “exceptional circumstances required for interlocutory appeal” were absent in the case,…