Tag: SEC

Two US Representatives Urge the SEC To Approve Options on Spot Bitcoin Exchange-Traded Funds: Report

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A pair of bipartisan US congressmen are reportedly asking the U.S. Securities and Exchange Commission (SEC) to greenlight options trading on spot Bitcoin (BTC) exchange-traded funds (ETFs). Citing a letter sent to SEC chair Gary Gensler, Axios reports that Representatives Mike Flood (R-NE) and Wiley Nickel (D-NC) say that approving options trading on Bitcoin ETFs is critical and crucial to investors that the securities watchdog seeks to protect. Reads the document, according to Axios, “We urge you, without delay, to approve options on spot Bitcoin ETPs or to provide an…

SEC Ethereum ETF rejection sparks debates; Render rival poised for surge

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While the SEC rejects Ethereum ETFs, Borroe Finance is gearing up for a significant market impact with its AI-driven approach. The SEC may have just put the brakes on Ethereum ETFs, but that shouldn’t dampen spirits. While the news might seem like a buzzkill, there’s a silver lining on the horizon – and it’s called Borroe Finance (ROE). This AI-powered altcoin is not only giving Render a run for…

SEC has considered Ethereum a security for extended period

The U.S. SEC and its Chairman, Gary Gensler, have considered Ethereum a security for at least a year. According to FOX Business, Consensys, which develops Ethereum software, filed an unredacted complaint against the agency after this was revealed. The document states that the Ethereum 2.0 investigation was based on the SEC’s belief that possible offers and sales of certain securities, including but not limited to ETH, had occurred since at least 2018. The Consensys lawsuit shows that the SEC has made multiple document requests over the past year asking for more details about the company’s role in the proof-of-stake (PoS) update and its…

SEC Launched Formal Investigation Into Ethereum’s Security Status Over a Year Ago, New Court Filing Shows

A new court filing claims that the U.S. Securities and Exchange Commission (SEC), led by Chair Gary Gensler, initiated a formal investigation into ethereum’s potential classification as a security more than a year ago. SEC Enforcement Division Director Gurbir Grewal approved a formal investigative order in March last year to scrutinize potential securities transactions involving […] Source CryptoX Portal

Consensys Takes Legal Action Against SEC to Safeguard U.S. Ethereum Community – Blockchain News, Opinion, TV and Jobs

In a bold move to protect the interests of the U.S. Ethereum community, Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). This legal action comes in response to the SEC’s looming regulatory stance on ether, which threatens to classify it as a security. Such a classification could not only disrupt digital asset trading but also impede the nation’s utilization of Ethereum and analogous blockchain technologies. The ramifications of this regulatory shift extend far beyond the realm of cryptocurrency trading. They pose a significant threat to…

Franklin Templeton lists Ethereum ETF, vies for SEC approval

Asset management firm Franklin Templeton has launched its Ethereum exchange-traded fund (ETF), dubbed the “Franklin Ethereum TR Ethereum ETF,” with the ticker code EZET. The spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation website, a significant platform for securities transactions in the United States. The listing on the DTCC’s “Create/Redeem” column indicates that the ETF is now available for creation and redemption, signaling a significant step in its operational rollout. Franklin Templeton’s Ethereum spot ETF is now listed on DTCC | Source: DTCC The listing…

SEC sues Bitcoin mining firm Geosyn over unregistered $5.6m securities offering

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The SEC is suing a Bitcoin mining company Geosyn, alleging that the firm engaged in an unregistered securities offering, raising over $5.6 million through deceptive practices. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining, a Texas-registered Bitcoin mining firm, alongside its founders Caleb Joseph Ward and Jeremy George McNutt, alleging their involvement in an unregistered and fraudulent securities offering. According to the lawsuit, between November 2021 and December 2022, the defendants raised more than $5.6 million from about 64 investors “through the sale of…