Tag: SEC

Crypto Exchange Backed by Peter Thiel Confidentially Files for IPO With SEC: Report

boss

The crypto exchange backed by tech billionaire Peter Thiel has reportedly filed for a US initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). Citing two people familiar with the matter, the Financial Times reports that in recent weeks, Bullish has confidentially filed the paperwork to start offering its shares to the public. Confidential filings enable companies to pursue their listing plans sans immediately revealing their financials to minimize public scrutiny. Bullish also attempted to go public in 2021 through a special purpose acquisition vehicle, but the…

Solana-Linked $1 Billion DeFi Dream Crushed By SEC Intervention

boss

DeFi Development Corp. hit a major roadblock this week when the US Securities and Exchange Commission blocked its $1 billion registration filing. The move came after regulators found that the company’s Form S-3 lacked a key internal controls report tied to its 10-K. As a result, DeFi Development—formerly known as Janover—pulled the filing and said it will fix the paperwork before trying again. Missing Controls Report According to the SEC, the registration was ineligible because it did not include the required internal controls over financial reporting. That report is a…

SEC Commissioner Rejects DeFi Overreach, Defends Core US Principles

Decentralized finance took center stage in Washington as the SEC’s latest policy roundtable spotlighted code-driven innovation, individual empowerment, and freedom from centralized financial control. DeFi Embodies US Values, SEC Commissioner Argues Amid Regulatory Debate U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce addressed the audience on June 9 during the final session of the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

SEC may approve Solana ETF in coming weeks: report

The U.S. Securities and Exchange Commission may approve a spot Solana exchange-traded fund within the next few months, according to multiple sources cited by Blockworks.  The SEC has reportedly asked prospective Solana (SOL) ETF issuers to submit amended S-1 registration statements by next week. One source suggested an approval could arrive within three to five weeks. Two sources told Blockworks the agency will provide comments on the updated filings within 30 days. The changes focus on two key areas: how issuers plan to handle in-kind redemptions and whether staking will…

SEC Chair Champions Self-Custody Rights—New Exemption Could Fuel Crypto Boom

SEC Chair Paul Atkins’ push for greater self-custody rights and regulatory clarity could unleash massive growth in crypto and DeFi, empowering users and fueling innovation across the sector. Bullish Signals: SEC’s Self-Custody and Exemption Proposal Could Spark DeFi Frenzy U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the Crypto Task Force Roundtable on […] Source CryptoX Portal

US SEC Considering Innovation Exemption For DeFi

boss

The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he has directed staff to consider a conditional exemption relief framework.  Exemptions could speed up innovation These temporary exemptions would relieve firms from specific regulatory requirements to foster innovation in emerging tech sectors, provided they meet…

SEC Chair Paul Atkins Says Self Custody Is A Foundation American Value

boss

US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies in the regulator’s latest roundtable event exploring digital asset regulation. In a Monday event led by the SEC’s crypto task force titled “DeFi and the American Spirit,” Atkins said the prior administration, suggesting the agency’s stance on digital assets under former chair Gary Gensler, took a heavy-handed approach through the courts. He added that the SEC’s policies on staking as a service provider needed congressional approval to have lasting authority, and touted self-custody…

Winklevoss Twins-Backed Crypto Exchange Gemini Confidentially Files for IPO With SEC

boss

A crypto exchange platform backed by the billionaire Winklevoss twins has submitted a confidential filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). In a press release, Gemini announces that it has sent a confidential draft registration statement to the regulatory agency related to the public offering of its stock. Though the price and number of the shares have yet to be determined, the firm says that it expects a listing “after the SEC completes its review process, subject to market and other conditions.”…

U.S. SEC Chair Says Working on ‘Innovation Exemption’ for DeFi Platforms

The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins. Software developers building DeFi tools have no business being blamed for how they’re used, Atkins and other SEC Republicans contended at the final of five crypto roundtables that have been held at the agency since the leadership turnover under President Donald Trump. The chairman told a roundtable of DeFi experts on Monday that he’s directed the SEC staff to look into changes to agency rules “to provide…

SEC Urged to Stop Favoring Late Filers in Crypto ETF Race for Market Share

Top investment firms demand SEC reinstate filing-order rule to protect crypto ETF innovation and prevent market dominance by giants. SEC Urged to Restore First-to-File Rule as Big Firms Exploit System Shift Executives from asset management firms Vaneck, Canary Capital, and 21Shares issued a joint letter to U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins […] Source BitcoincryptoexchangeExchanges CryptoX Portal