Tag: SEC

Grayscale Ethereum ETF decision gets postponed again by SEC

The U.S. Securities and Exchange Commission (SEC) has once again delayed approving the Grayscale Ethereum (ETH) Futures Trust exchange-traded fund (ETF).  The postponement, disclosed in an SEC filing on March 22, extends the deadline from March 31 to May 30. The decision has sparked significant interest and speculation within the cryptocurrency community, since it directly affects the status of Grayscale’s Ethereum Futures Trust ETF. This delay comes against the backdrop of a broader regulatory landscape that is increasingly scrutinizing crypto-based financial products, following the recent approval of Bitcoin ETFs earlier…

SEC Chair Gensler Calls for More Regulatory Sunlight in Cryptocurrency Sector at Law Conference

At a recent gathering at the Columbia Law School Conference, Gary Gensler, the chair of the U.S. Securities and Exchange Commission, addressed the assembly on the topic of the digital currency landscape. His discourse highlighted the “benefits of mandatory disclosure,” with Gensler humorously alleging that certain “participants in crypto securities markets that seek to avoid […] Source BitcoincryptoexchangeExchanges CryptoX Portal

U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight

Executive branch budget proposals are gathered into a single push from the White House for its spending priorities, with more detail about how exactly the agencies want to spend the funds they’re requesting. Then Congress gets its turn, sometimes embracing some of the president’s wishes, and sometimes ignoring them. But even when lawmakers put together a plan for final consideration, the process can get derailed by politics, as the U.S. has seen in the current federal budget effort, which has flirted repeatedly with failure and government shutdowns. Congress is currently…

Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, including claims by retail investors in […] Source BitcoincryptoexchangeExchanges CryptoX Portal