Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them. Source
The U.S. Securities and Exchange Commission has published the application to uplist a Grayscale digital asset fund to an exchange-traded fund in the Federal Register. The SEC’s action signals that the review process for the NYSE Arca filing, which seeks to convert the multi-token Grayscale Digital Large Cap Fund into an ETF, is now underway, according to a Grayscale announcement on Nov. 4. NYSE Arca recently submitted Form 19b-4 to list and trade shares of the Grayscale fund. The SEC’s decision to add the proposal to the Federal Register has…
With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles. Another XRP ETF Filing Drops, Turning Up Pressure on the SEC 21shares, an asset management firm specializing in digital assets, filed a registration statement for the “21shares Core XRP Trust” with […] Source CryptoX Portal
“With this action, the SEC is continuing to indiscriminately assert that tokens are securities. While not specified in the notice, we believe its claims are targeting the listing and private sales of IMX in 2021,” Immutable said, referencing a blog post about a pre-launch private purchase of Immutable’s token IMX by Huobi Ventures Blockchain Fund. Source
Coinbase’s CEO calls on the next SEC chairman to drop “frivolous cases” and apologize to the American people for past actions, citing inconsistent crypto regulations. ‘Withdraw Cases, Apologize’: Coinbase CEO’s Challenge to Future SEC Leadership Coinbase CEO Brian Armstrong criticized the U.S. Securities and Exchange Commission (SEC) for its handling of crypto regulation in a […] Source BitcoincryptoexchangeExchanges CryptoX Portal
In today’s edition of the weekly recap: Ripple files a cross-appeal in the SEC lawsuit; spot Bitcoin ETFs reach a new milestone; reports of Tether’s probe; crypto sees renewed adoption. Ripple v. SEC Bitcoin ETFs sustain inflows Renewed adoption Political… Original
Federal prosecutors are considering a plea deal offer for Eric Council Jr., the Alabama man recently arrested for hacking the X account of the U.S. Securities and Exchange Commission. Bloomberg reported on the latest development in the SEC X account hack on Friday, Oct. 25. According to Bloomberg, U.S. attorney Kevin Rosenberg told U.S. District Judge Amy Berman Jackson at a hearing on Oct. 25 that the prosecution is planning a plea deal. However, the government is not sure whether the offer will be accepted. The Federal Bureau of Investigations…
Microsoft suggests shareholders vote against a proposal to conduct an assessment of Bitcoin as an investment asset, due to the company already considering Bitcoin as an investment option. In an Oct. 24 U.S Securities and Exchange Commission filing, the item “Assessment of Investing in Bitcoin” is listed as one of the proposals that Microsoft shareholders will be voting for or against in a Dec. 10 annual meeting. However, the Microsoft board suggests that they vote against it. The reasoning behind it is Microsoft claims that an assessment of Bitcoin(BTC) would…
The U.S. Securities and Exchange Commission (SEC) is ramping up its scrutiny of crypto assets in 2025, intensifying examinations of firms involved in offering, trading, and advising on these assets. The agency will focus on how these assets are handled as securities, ensuring compliance with standards and assessing technological risks tied to blockchain. SEC Increases […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges. In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs. According to the SEC, the options ETFs were given the nod because it recently approved a rule change proposal from Nasdaq to list options on the iShares Bitcoin Trust (IBIT), which yielded positive results. “The Exchange notes that…