Tag: SEC

SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto – Regulation Bitcoin News

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A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to go through all the crypto tokens that are allegedly securities. SEC’s Commissioner on Crypto Regulation A commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, talked about crypto regulation in her speech at the “Digital Assets at Duke” conference on Jan. 20. Noting that the securities regulator…

US SEC Rejects Cboe BZX’s Bid to List ARK 21Shares Bitcoin ETF for Second Time

SEC concluded that Cboe BZX has not established that it has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to listing Ark 21Shares Bitcoin ETF. The United States Securities and Exchange Commission (SEC) has rejected a bid from Cboe Global Markets Inc to list a Bitcoin ETF jointly issued by Ark Investment Management and 21Shares for the second time. According to the SEC, Cboe Exchange has not yet demonstrated the required balance to protect investors from fraudulent activity including price manipulation. Since the FTX fallout, which…

SEC Probing Investment Advisors Over Crypto Custody: Report

The SEC has been warning public companies that if they have a stake in the industry’s recent crypto contagion, they’d better tell investors, as Coindesk previously reported. The SEC asked if companies face any risks to their businesses “due to excessive redemptions, withdrawals or a suspension of redemptions or withdrawals, of crypto assets.” Source

SEC once again rejects ARK 21Shares Bitcoin ETF listing

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The SEC has once again rejected a proposal to list the ARK 21 Shares Bitcoin ETF on equities exchange Cboe BZX, according to Jan. 26 statement from the SEC. The SEC rejected a similar proposal in April, 2022. The SEC has just now once again rejected ARK’s and 21Shares spot bitcoin, $BTC ETF listing. — unusual_whales (@unusual_whales) January 26, 2023 The proposed ETF would have been managed jointly by Cathie Wood’s Ark Investment Management and 21Shares if it had been approved. The purpose of the proposed fund was to allow…

Mango Markets to Resume Crypto Trading, SEC Be Damned

MNGO, a crypto governance token that grants its holders voting rights over Mango Markets’ operations, “was offered and sold as a security,” the SEC said, noting it is investigating “other securities law violations” alongside the Eisenberg case. That ominous pledge could have major implications for Mango Markets’ U.S. team if the SEC decides to sue. Source

Elizabeth Warren Praises SEC Chief Gensler, Slams Crypto Lobby

“The SEC should double down and use its tools to enforce the rules and where the SEC needs more cops on the beat, then Congress needs to step up with the resources and the new authorities that are needed to make sure the SEC can do its work at full strength in every corner of the crypto market,” Warren said. All U.S. regulators must work together to police the many facets of industry, including its environmental impact from mining activities, she said. Source

Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren

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United States senator and crypto skeptic Elizabeth Warren wants the Securities Exchange Commission (SEC) to “double down” on its crypto enforcement efforts, highlighting that the cryptocurrency industry is running “scared” for what’s to come next. Warren’s comments came during an interview with the American Economic Liberties Projects on Jan. 25. The senator opined that since Gensler was sworn in as SEC chairman in April 2021, the Commission “has made a good start” on fixing some of the problems created by the former SEC leaders under the Trump Administration. Senator Elizabeth…

Circle denies blaming SEC for shuttered $9B plan to go public

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A spokesperson for USD Coin (USDC) issuer Circle has denied reports that it blames the United States Securities and Exchange Commission (SEC) over its failed $9 billion plan to go public in December. The stablecoin issuer representative was responding to a Jan. 25 Financial Times article which characterized Circle as having “blamed” the securities regulator for its “derailed” listing as a result of dragging its feet on the approval of a merger agreement. However, a Circle spokesperson clarified to Cointelegraph that was not the case and that it doesn’t hold any blame over…

SEC Derailed Circle’s Plans to Go Public via SPAC Deal: Report

“The business combination could not be consummated before the expiration of the transaction agreement because the SEC had not yet declared our S-4 registration ‘effective’,” the group said. An S-4 registration is a registration document that companies have to file with the SEC seeking permission to offer new shares, the report added. Source