Tesla’s SEC filing reveals 11,509 bitcoin worth $1.119 billion, with a $589 million unrealized gain under new accounting rules, reinforcing its bullish crypto position. Tesla Reports $1.07 Billion in Bitcoin Tesla Inc. filed its annual 10-K report with the U.S. Securities and Exchange Commission (SEC) on Jan. 29 for the fiscal year ended Dec. 31, […] Original
Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case. A “Consent Order of Forfeiture,” filed in D.C. federal court shows Council has agreed to plead guilty to Conspiracy to Commit Aggravated Identity Theft and Access Device Fraud, and will forfeit $50,000 in proceeds from these offenses. Council, according to the prosecution, used a fake ID to trick a phone store employee…
Este artículo también está disponible en español. The US Securities and Exchange Commission (SEC) has finally acknowledged a bid to create an exchange-traded fund (ETF) for Solana. The bid was filed by Grayscale, a crypto asset management firm. This is particularly noteworthy because it reflects a change of heart of the top regulatory body. After all, the SEC rejected a similar bid just six weeks ago. However, that was before Donald Trump arrived in the White House. So, this is another clear signal that the new US government is very…
The U.S. Securities and Exchange Commission (SEC) is reportedly downsizing a special unit of more than 50 lawyers and staff members tasked to bring crypto enforcement actions. Citing five people familiar with the matter, The New York Times reports that a leading lawyer in the unit was pulled out from the enforcement division and some were assigned to other departments within the agency. The crypto enforcement unit was created during the first Trump administration but it nearly doubled its size in 2022 under previous SEC chair Gary Gensler, who initiated…
The U.S. Securities and Exchange Commission’s (SEC) newly-created Crypto Task Force is working to create long-awaited regulatory clarity for the crypto industry, according to a Tuesday statement from Commissioner Hester Peirce. Pierce, who was appointed by Acting Chair Mark Uyeda to spearhead the Crypto Task Force, laid out 10 of the group’s priorities, including resolving the question of what makes a cryptocurrency a security vs. a commodity, and creating a more “viable” path to registration by modifying the SEC’s existing paths. Other priorities include “provid[ing] clarity about whether crypto-lending and…
The alleged change, which would require SEC attorneys to obtain the approval of the commission as a whole, is part of the institution’s new directives aimed at increasing the efficiency of its probes and actions. SEC Allegedly Changing Modus Operandi: Formal Probes Would Need Prior Approval The U.S. Securities and Exchange Commission (SEC) is changing […] Source BitcoincryptoexchangeExchanges CryptoX Portal
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
A subsidiary of the New York Stock Exchange wants to convert Grayscale’s XRP Trust into a spot exchange-traded fund (ETF). The ETF and securities exchange NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to propose the rule change. Grayscale, a crypto asset manager, believes converting the trust into an ETF “would provide other investors with a way to invest in XRP on a regulated national securities exchange,” according to NYSE Arca’s filing. The XRP trust has nearly $16.2 million worth of assets under management (AUM) at time…
Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors. But the end of this lawsuit is very close, and experts are expecting a big swing in the price movement of XRP. Just how high can the altcoin go once the legal battle is officially over? Legal Resolution May Catalyze XRP Surge The general consensus in the crypto community is that once Ripple’s battle with the SEC is done,…
Bitwise Asset Management’s exchange-traded product tracking Bitcoin and Ethereum has received the initial nod from the United States Securities and Exchange Commission. According to a Jan. 30 update from the commission, the Bitwise Bitcoin and Ethereum ETF cleared its first regulatory hurdle after its 19b-4 filing was granted “accelerated approval.” It now awaits the regulator’s decision on its S-1 registration, the final step before trading can commence. A 19b-4 approval allows an exchange to list and trade a new financial product, while an S-1 registration is required for issuing new…