Tag: SEC

SEC committee may delay decision on spot Bitcoin ETF

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Fox Business journalist Eleanor Terrett reported that the U.S. Securities and Exchange Commission may delay a decision on spot Bitcoin ETFs. In the X post, she noted that the five-member U.S. Securities and Exchange Commission (SEC) committee could still delay approval of a spot Bitcoin (BTC) ETF. While no formal ETF committee vote is scheduled, she explained that each committee member has the right to request a full committee review and vote on the matter based on their judgment. An interesting caveat here on how the 5-member SEC Commission could…

Bearish BTC Bets Lose $100M Ahead of Expected SEC Bitcoin ETF Approval

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SEC Hustles to Answer Latest Bitcoin ETF Filings: Source

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The issuers should file updated documents on Tuesday, the individual said. The comments addressed minor details in the amended S-1 forms rather than significant changes, and should not affect the timeline for a potential approval by the regulator. Issuers hoping to launch spot bitcoin ETFs in the U.S., including BlackRock, Grayscale and Fidelity, announced their expected fees in filings earlier Monday. Original

As Crypto World Watches for Spot Bitcoin ETF, SEC Chair Gensler Says (Again) Sector is Dangerous

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“Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws,” Gensler posted, advising his followers that there are a number of things to keep in mind about cryptocurrencies. “Fraudsters continue to exploit the rising popularity of crypto assets to lure retail investors into scams,” he added in another post. Original

Former SEC official blasts spot Bitcoin ETFs

John Reed Stark, a former investigator with the U.S. Securities and Exchange Commission (SEC), has blasted the pending approval of spot Bitcoin exchange-traded funds (ETFs), arguing vehemently against the inherent value of cryptocurrencies. In a lengthy Jan. 7 post on social media, Stark painted a grim picture of Bitcoin (BTC) and cryptocurrencies in general, suggesting their only proven utility lies in criminal activities. “To me, the stark reality is that the approval of a Bitcoin Spot ETF is sadly, tragically and catastrophically… another fee-suck… Ponzi scheme… masquerade,” Stark says. See…

Better Markets CEO urges SEC to reject spot Bitcoin ETFs

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Dennis M. Kelleher, co-founder and CEO of Better Markets, wants the U.S. Securities and Exchange Commission (SEC) to reject all applications for spot Bitcoin exchange-traded products (ETPs).  In a Jan. 5 letter to the SEC, Kelleher argued that the approval would expose millions of American investors to fraud and manipulation, which the SEC is mandated to prevent, leading to “massive investor harm.” He expressed his fears in the context of a recent report by blockchain security firm Scam Sniffer that revealed more than 324,000 crypto users fell prey to fraud…

U.S. SEC Seeks to Leverage Terraform (UST) Win in Coinbase (COIN), Binance Disputes

Judge Jed Rakoff, the U.S. District Court for the Southern District of New York judge overseeing the Terra case, sided with the SEC in an end-of-year ruling. In it, he said that the case from defendants Terraform and founder Do Kwon “asks this court to cast aside decades of settled law of the Supreme Court,” the judge determined. “The court declines the defendants’ invitation.” Source

Cryptocurrency investors eagerly await SEC ruling on bitcoin ETFs

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Omar Marques | Lightrocket | Getty Images Crypto investors are eagerly awaiting an imminent ruling from the SEC that will likely approve the trading of a spot bitcoin ETF, more than a decade after initial attempts were rejected.  13 companies have filed for a spot bitcoin ETF:  Grayscale Bitcoin Trust Ark/21 Shares Bitcoin Trust Bitwise Bitcoin ETF Trust BlackRock Bitcoin ETF Trust VanEck Bitcoin Trust WisdomTree Bitcoin Trust Valkyrie Bitcoin Fund Invesco Galaxy Bitcoin ETF Fidelity Wise Origin Bitcoin Trust Global X Bitcoin Trust Hashdex Bitcoin ETF Franklin Templeton Digital…