Tag: SEC

Trump Media files Form S-3 with SEC for $2.3B Bitcoin treasury

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Trump Media & Technology Group, the parent company of Truth Social, has filed a Form S-3 registration statement with the U.S. Securities and Exchange Commission following a $2.3 billion raise to build one of the largest Bitcoin treasuries. The registration, announced in a June 5 press release, is tied to recent debt and equity agreements with around 50 investors. These deals include the sale of 55.8 million common shares at $25.72 each and the issuance of $1 billion in zero-coupon convertible notes due 2028, convertible at $34.72 per share. In…

Trump Media Seeks SEC Approval for Truth Social Bitcoin ETF

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Trump Media’s Truth Social Bitcoin ETF storms into the crypto spotlight with an SEC registration statement, targeting BTC exposure and turbocharging mainstream crypto adoption. Registration Statement Filed: Trump-Linked Truth Social Bitcoin ETF Seeks SEC Nod Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the company founded and majority-owned by President Donald Trump, announced […] Original

SEC Wins $1.1M Crypto Fraud Case by Default Judgment

Key Notes The SEC secured a $1.1M judgment after Keith Crews failed to appear in court. Crews allegedly defrauded investors with a fake crypto project “Stemy Coin”. Court imposes permanent ban on Crews from future securities violations. The U.S. Securities and Exchange Commission (SEC) recently secured a legal victory against Keith Crews, who was accused of operating a deceptive cryptocurrency scheme. Crews, sued by the SEC in 2023, failed to appear in court to respond to the charges. Due to his absence, the court issued a default judgment in the…

SEC Chair Prioritizes Crypto—Trading, Custody, Issuance Rules Incoming

The SEC chair is fast-tracking a comprehensive regulatory overhaul for crypto, aiming to legitimize markets, eliminate fraud, and unlock massive innovation across the digital asset space. SEC Chair Fast-Tracks Crypto — Key Rules Are Coming U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins placed the regulation of digital assets at the forefront of […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Trump-Linked Truth Social Bitcoin ETF Filed With SEC

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The Truth Social Bitcoin ETF storms onto Wall Street as NYSE Arca files with the SEC, fusing Trump branding with crypto exposure in a regulated investment vehicle. Bitcoin ETF Branded With Trump’s Truth Social Seeks SEC Approval NYSE Arca Inc. filed a rule change with the U.S. Securities and Exchange Commission (SEC) on June 3 […] Original

XRP ETF Approval Chances Hit 98%, Will US SEC Delays Stop?

Key Notes US SEC’s approval of an XRP ETF is most likely to happen in Q4, as per experts. With heightened optimism around ETF approval and legal clarity, XRP’s price has risen by 2.64% to $2.25. Ripple lawyer Bill Morgan reaffirmed the court’s ruling that XRP is not a security, countering Bitcoin community claims. The chances of the US Securities and Exchange Commission (SEC) approving an XRP exchange-traded fund (ETF) hit a massive 98% on June 3, as per decentralized prediction platform Polymarket. As of today’s date, the approval chances…

SEC Eyes Crypto Policy via ‘Notice and Comment’ Process

Key Notes SEC to use “notice and comment” instead of lawsuits for crypto regulation. New Crypto Task Force aims to streamline policy across SEC divisions. Chair Paul Atkins plans clear rules for crypto issuance, trading, and custody. Paul Atkins, chair of the U.S. Securities and Exchange Commission, informed Congress that under his leadership, the commission will shape crypto policy through the “notice and comment” process rather than relying on “regulation by enforcement.” The SEC chair made this known through a June 3 remark to the Senate Appropriations Subcommittee on Financial…

SEC to police crypto with ‘notice and comment rulemaking’

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The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress. In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and comment rulemaking, not through regulation by enforcement.” “The commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” he added. Atkins, a former crypto lobbyist, said that creating a “rational regulatory framework…

Trump’s Truth Social seeks SEC greenlight for Bitcoin ETF

US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social. Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group. Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump…

SEC faces criticism on crypto staking guidance

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The US Securities and Exchange Commission (SEC) is facing mounting criticism from current and former officials over its evolving stance on crypto staking services.  On May 29, the SEC’s Division of Corporation Finance issued new guidance on crypto staking services, claiming that certain offerings may not constitute securities and effectively exempting proof-of-stake blockchains from registration requirements under the Securities Act. However, the SEC’s fresh interpretation may diverge from several federal court rulings, according to former SEC chief of Internet Enforcement, John Reed Stark. In a statement on X, Stark argued…