Tag: SEC

Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

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The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case brought against us by the SEC. We appreciate the Court’s careful consideration. https://t.co/NEEsr05fos — paulgrewal.eth (@iampaulgrewal) July 14, 2023 As per July 13 court documents from the pre-motion hearing of the SEC vs Coinbase case,…

It’s time for the SEC to settle with Coinbase and Ripple

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In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ripple, the time has come for the United States Securities and Exchange Commission to settle the remainder of its case against Ripple Labs — as well as its case against Coinbase. The SEC’s attack on crypto has used a flexible legal…

Ripple’s Legal Win Means It’s Time for Crypto to Stand Up to the SEC

Gensler’s tough cop routine, which to some extent is precisely the point of this crusade against crypto, cannot be abandoned. That would signal weakness, and weakness is political death. The more likely play of a masterful political operator, which the chair undoubtedly is, is to double down on enforcement and, by doing so, demonstrate strength to all those who might otherwise question whether his strategy and style might be the problem. Source

SEC gives official acknowledgment to Bitwise’s resubmitted spot bitcoin ETF application

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Securities and Exchange Commission has formally acknowledged the spot bitcoin ETF application from San Francisco’s Bitwise Asset Management, underscoring the escalating institutional engagement in cryptocurrency investments. The U.S. SEC has given official recognition to Bitwise Asset Management’s spot bitcoin ETF proposal. The tech-forward asset management firm from San Francisco initially lodged its bitcoin ETF application back in October 2021 but has since revised and resubmitted the proposal on June 28 of this year. According…

US Representative Torres demands investigation of SEC deal with Prometheum

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The United States Securities and Exchange Commission (SEC) could be investigated for a “haphazard and heavy-handed approach to digital assets” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum.  On July 13, U.S. Representative Ritchie Torres filed requests to the SEC’s Inspector General Deborah Jeffrey and the Government Accountability Office’s Comptroller General Gene Dodaro. In the letters published by Torres on Twitter, he writes: “The SEC refuses to bring even the barest amount of clarity to the application of securities law to digital assets. Its preferred means of communicating…