Tag: SEC

GOP Lawmakers Suggest Gensler’s SEC Is Gaming News Cycle to Thwart Crypto Legislation

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US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling

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New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s position on crypto following a “dreadful day in court.” In a July 18 letter to Gensler, Torres requested the SEC limit its enforcement cases to “bonafide bad actors” rather than “indiscriminately” treating the majority of crypto assets as securities under its purview. The lawmaker’s letter followed a court ruling in the SEC’s case against blockchain firm Ripple that suggested that the XRP (XRP) token was largely not a…

SEC To Assess Valkyrie’s Spot Bitcoin ETF Application

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The Securities and Exchange Commission added Valkyrie’s spot Bitcoin ETF application to its official docket, signaling an official review of the filing. Other institutions and the public have 21 days to submit their comments on the possible impacts of Valkyrie’s filing, per the commission’s deadline. Valkyrie refiled its Bitcoin exchange-traded fund application after wall street titan BlackRock submits its own application on June 15. The asset manager named Coinbase as its surveillance partner in a July 5 filing after the SEC deemed previous submissions inadequate. The Federal Register of the…

Judge orders Ripple and SEC to schedule possible settlement conference

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Judge Sarah Netburn has ordered Ripple Labs and the United States Securities and Exchange Commission (SEC) to agree on three mutually convenient dates for a potential settlement conference days after she ruled that XRP is not a security. This order pertains to Judge Torres’s recent decision on the cross-motion for summary judgment. However, it is essential to clarify that the judge is simply suggesting a settlement conference if both Ripple and the SEC believe it would…

US SEC accepts BlackRock’s spot Bitcoin ETF application

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US Securities and Exchange Commission (SEC) has accepted BlackRock’s application for a spot Bitcoin exchange-traded fund (ETF). The SEC’s official calendar now shows BlackRock’s application will be published in the Federal Register, starting a 21-day public comment period. On the docket BlackRock’s application to launch a spot Bitcoin exchange-traded fund (ETF) has been added to the SEC docket as part of the proposed rule change process.  This latest development, recorded on July 13, represents a significant milestone…

Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration

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United States Securities and Exchange Commission (SEC) chair Gary Gensler has commented publicly about the last week’s ruling on the agency’s suit against Ripple.  Gensler gave a talk on artificial intelligence at the National Press Club on July 17 and was asked about the ruling during the questions and answers afterward. Does the ruling affect his stance on cryptocurrency, and does it “inject urgency into the need for federal legislation to clarify regulatory oversight of this industry,” he was asked. He replied: “We are pleased from that decision recognizing the importance of…

SEC seeks public input on Bitcoin ETFs

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As of July 17, investors, traders, and other members of the public can now share their opinions on the Bitcoin ETF filings submitted via the Cboe exchange. All comments are set to be published on the SEC’s website. Comment period now open The Securities and Exchange Commission (SEC) has called upon the public to provide their input on the Bitcoin ETF filings made by Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust, and Invesco…

Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17

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Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020. Judge Analisa Torres of the U.S. District Court for the Southern District of New York ruled that Ripple’s XRP (XRP) token is not a security, but only regarding programmatic sales on digital asset exchanges. However, the SEC also notched up a victory of its own, with the judge ruling…

XRP tops BTC in trading volume as it continues to savor partial victory in SEC suit

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The July 13 ruling on the suit filed by the United States Securities and Exchange Commission (SEC) has led to unprecedented interest in the XRP token. In the few days since the court decision, a jump in XRP (XRP) trading has seen it surpass all other cryptos in monthly volume, according to Kaiko. In a research report released on July 17, the blockchain information service noted a 61% increase in XRP trading since the court’s decision. On Monday morning, XRP accounted for 21% of global trade volume, ahead of Bitcoin (BTC), with…