Tag: SEC

Grayscale’s SEC Victory Does Not Ensure Bitcoin Spot ETF Approval

“Grayscale obtained the chance of seeing their filing re-evaluated by the SEC as the causes of rejection did not seem fair to the judge,” said Matteo Greco, research analyst at Fineqia International (CSE:FNQ), in a note to CryptoX Wednesday. “It doesn’t mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future.” Source ApprovalBitcoinEnsureETFGrayscalesSECSpotVictory CryptoX Portal

Former SEC official hints at criminal probe in sealed Binance case

The SEC has requested permission to submit undisclosed documents under seal in its civil lawsuit against Binance, Binance.US, and CEO Changpeng Zhao. The U.S. Securities and Exchange Commission (SEC) submitted a request to the U.S. District Court for the District of Columbia, asking for permission to file certain documents under seal in its civil case against Binance, its U.S. subsidiary Binance.US, and the CEO, Changpeng Zhao (CZ). The content of the SEC’s motion itself is sealed, sparking speculation around the possibility of sensitive or potentially incriminating details. Former SEC official…

Grayscale ETF Court Rout Puts SEC in Will-They, Won’t-They Role Starring Gensler

The U.S. securities regulator, led by Chair Gary Gensler, now faces several options: appeal the decision; grant Grayscale’s application to list its bitcoin spot ETF; let it be automatically approved by doing nothing; or start up a new, second effort to reject the application based on fresh objections. Much of the industry celebrated Tuesday, assuming this is the beginning of the end of this particular SEC roadblock for crypto, and bitcoin’s 6.5% price climb offered evidence of that optimism. But Gensler has been famously skeptical of crypto and the dangers…

Coinbase, Bitcoin mining stocks soar after Grayscale’s win over SEC

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase shares soar 15% as U.S. federal court ruling favors Grayscale’s Bitcoin ETF, signaling a transformative moment for the crypto industry. Coinbase Global Inc. shares saw a massive spike following Grayscale’s victory over the SEC, paving the way for the inaugural Bitcoin exchange-traded fund (ETF) in the United States. This is due to the fact that Coinbase is a custodial partner in several pending Bitcoin ETF applications. The exchange’s stocks rallied by over 15% since the…

Here’s what’s next for bitcoin ETFs after a court ruled in favor of Grayscale over the SEC

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The Securities and Exchange Commission’s approach to regulating the crypto industry took another blow on Tuesday in a court case that could prove to be a key milestone in the ongoing fusion of bitcoin and traditional asset management. A federal appeals court struck down the SEC’s order denying the conversion of the Grayscale Bitcoin Trust (GBTC) into an exchange traded fund. Specifically, the ruling swatted down the regulator’s argument that the spot and futures markets for bitcoin were separate enough to justify holding off direct crypto ETFs even though futures…

Grayscale’s Bitcoin ETF triumphs over SEC, fueling crypto market rally

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale secured a pivotal victory against the SEC, paving the way for the U.S.’s first Bitcoin spot ETF and igniting a surge in Bitcoin and other cryptocurrency prices. In a milestone development, Grayscale Investments LLC secured judicial backing for the initiation of a Bitcoin spot exchange-traded fund (ETF) in the United States. A panel of three federal judges in Washington effectively annulled the U.S. Securities and Exchange Commission’s prior decision to prevent the ETF from going…

Ripple Gets Ready To Properly Celebrate Triumph Over SEC

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The Ripple community is currently at the edge of their seats after the company’s founder and CEO made announcements to officially host a party to commemorate the cryptocurrency’s triumph against the US SEC.  Hosting A Grand Celebratory Bash Ripple, a leading global payments network, declared openly on Monday, August 28, its intentions to throw a dedicatory party to honor its win over the United States Securities and Exchange Commission (SEC).  Ripple’s win against the US SEC is not only a positive result for the cryptocurrency, but a significant milestone for…

Sealing docs in Binance case could suggest a criminal probe, says former SEC official

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The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal. In an Aug. 28 filing in U.S. District Court for the District of Columbia, the SEC petitioned a federal judge for leave to file documents under seal in the commission’s case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). The motion itself was under seal, leading to speculation that the SEC intended to make filings with sensitive information.…

SEC Crushed, GBTC Rockets Towards ETF, Bitcoin Targets $28,000

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In a significant turn of events for Bitcoin (BTC) and the overall market, cryptocurrency asset manager Grayscale has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC).  The U.S. District of Columbia Court of Appeals has ruled in favor of Grayscale, overturning the SEC’s lawsuit and potentially bringing the company one step closer to achieving Bitcoin Spot exchange-traded fund (ETF) status.  Bitcoin Surges As Grayscale’s Legal Victory Boosts Market Sentiment The recent ruling by the U.S. District of Columbia Court of Appeals has dealt a…