Tag: SEC

Nvidia to pay $5.5M as part of SEC case concerning ‘inadequate disclosures’ around crypto mining

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The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.” In a Friday announcement, the SEC said that Nvidia failed to disclose that mining cryptocurrencies was “a significant element of its material revenue growth” based on sales of its graphics processing units, or GPUs, during the 2018 fiscal year. The company has agreed to pay a $5.5 million penalty and will be subject to a…

SEC approves Valkyrie’s Bitcoin futures ETF

The United States Securities and Exchange Commission (SEC) has given the green light to Valkyrie’s futures exchange-traded fund (ETF) application. This represents another ETF that has been approved by the SEC, which has previously accepted futures ETFs, but no sign of spot ETFs yet. According to the SEC document published Thursday, the application was filed under the Securities Exchange Act of 1934 using a 19b-4 form, the same law that spot Bitcoin (BTC) ETF prospects are relying on — albeit with little success thus far. Last month, the watchdog gave the…

SEC approves Valkyrie’s Bitcoin futures ETF

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The United States Securities and Exchange Commission has given the green light to Valkyrie’s futures exchange-traded fund (EFT) application. This represents another ETF that has been approved by the SEC, which has previously accepted futures ETFs, but no sign of spot ETFs yet. As per the SEC document published Thursday, the application was filed under the Securities Exchange Act of 1934 using a 19b-4 form, the same law that spot Bitcoin (BTC) ETF prospects are relying on — albeit with little success thus far. Last month, the watchdog gave the…

Valykrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod

Valkyrie filed its application using the Securities Exchange Act of 1934, filing a 19b-4 form with the SEC. Most of the previously-approved bitcoin futures ETFs filed by other companies were under the Investment Company Act of 1940, which follows a slightly different regulatory pathway to approval. Valkyrie is the second ETF to win approval with the older law, following Teucrium. Both companies also filed under the so-called “33 Act.” Source

Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement – Regulation Bitcoin News

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Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) slammed the securities watchdog Tuesday for focusing on crypto enforcement. This followed the SEC’s announcement that the agency nearly doubled the size of its crypto enforcement unit. SEC commissioner…

SEC Willing To Approve a Spot Bitcoin ETF if Adequate Surveillance Measures Are in Place

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The United States Securities and Exchange Commission seems willing to approve a spot ETF if adequate surveillance measures are in place. A footnote in a recent letter said as much, saying that it would overcome concerns about investor protection. The SEC is stubborn in its demands for investor protection and wants more supervision of the market before it allows such developments as a spot ETF. The United States Securities and Exchange Commission appears to be opening up to a possible spot bitcoin ETF in the near future, judging by a…

SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’ – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.” SEC Strengthens Enforcement Division’s Crypto Unit The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting investors in crypto markets and from cyber-related threats.” Citing “the allocation of…