Tag: SEC

Gary Gensler Says SEC Working With Crypto Exchanges To Adjust Rulesets and Promote Investor Protection

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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the agency is coordinating with digital asset exchanges in order to protect the interest of the public. In a new interview with Bloomberg, Gensler says that part of the SEC’s agenda is to communicate with crypto exchanges in order to establish regulatory certainty on the many available digital assets. “The agency is really just looking out for investors and many of these tokens, not trying to pre-judge any one, but many of these tokens have the attributes of securities. …

SEC Working With CFTC on Crypto Regulation, Says Chairman Gensler – Regulation Bitcoin News

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says the securities regulator is working with the Commodity Futures Trading Commission (CFTC) on crypto regulation. In addition, he said the SEC is “trying to work with various crypto platforms, exchanges, lending platforms” to ensure investor protection. SEC Chair Gary Gensler on Crypto Regulation SEC Chairman Gary Gensler talked about cryptocurrency regulation in an interview with Bloomberg this week. “We do have a broad agenda and crypto is part of that agenda,” he began. Commenting specifically on crypto…

XRP Price Surges – Is Ripple Winning The Fight Against SEC?

Ripple, a Fintech company, makes substantial headway in its legal fight with the U.S. Securities and Exchange Commission. The XRP (the world’s seventh-largest cryptocurrency) issue will be resolved soon, according to CEO Brad Garlinghouse, who is optimistic about the case’s conclusion date. XRP continued a week-long surge in the market today that began after a judge in an ongoing legal tussle between Ripple and the SEC made beneficial rulings for Ripple. Judge Analisa Torres said late last week that she would authorize the release of certain documents related to the…

XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ vs. SEC

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XRP price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in support of Motion to Strike fair notice defense, according to court documents. Additionally, Judge Torres also ordered to unseal three documents concerning the SEC vs. Ripple case, including Ripple’s CEO Brad Garlinghouse’s email thread and deposition notice and…

Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals

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Elon Musk’s electric vehicle maker Tesla was holding about $2 billion worth of Bitcoin (BTC) by the end of 2021, according to official records. The “fair market value” of BTC held by Tesla as of Dec. 31, 2021, was $1.99 billion, the company said on Friday in its annual filing with the United States Securities and Exchange Commission. The filing reads that Tesla sold a portion of its BTC holdings in March 2021, with realized gains of $128 million. The company previously announced a historic $1.5 billion BTC purchase last…

Is proposed SEC rule with no mention of crypto a threat to DeFi?

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On Jan. 26, the United States Securities and Exchange Commission proposed amendments to Rule 3b-16 under the Exchange Act that lacks any mention of digital assets or decentralized finance, which could adversely affect platforms that facilitate crypto transactions. Some cryptocurrency advocates — including SEC Commissioner Hester Peirce — believe that the commission’s extended definition of an exchange could thrust an entire class of crypto entities under the regulator’s jurisdiction, subjecting them to additional registration and reporting burdens. How real is the threat? The proposed change The amendments proposed by the…

SEC again delays decision on Grayscale’s Bitcoin ETF

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The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin (BTC) exchange-traded fund (ETF), citing familiar concerns around manipulation, liquidity and transparency.  In a notice published Friday afternoon, the SEC expressed concerns about how the digital asset manager intends to convert its Grayscale Bitcoin Trust (GBTC) into a spot ETF. Namely, the regulator wasn’t convinced that Grayscale’s proposal was designed to prevent alleged fraud and manipulation in the Bitcoin market. The SEC has invited the public to…