Tag: SEC

Bitcoin ETF: SEC May Notify Approved Issuers To Launch Very Soon

boss

According to a recent report from Reuters, the US Securities and Exchange Commission (SEC) may notify the asset managers looking to launch a spot Bitcoin ETF (exchange-traded fund) if their applications have been approved as soon as next week.  SEC To Notify Applicants Of Its Decision By Next Week: Reuters On Saturday, December 30, Reuters reported that the SEC may notify the 14 Bitcoin ETF applicants if their applications will be approved by Tuesday or Wednesday next week. This move would come ahead of the January 10 deadline for the…

LUNC Plunges 14% as SEC Scores Knockdown Vs. Terraform

boss

LUNC, the resilient token emerging from the tumultuous aftermath of Terra’s downfall, witnessed a notable 14% downturn, mirroring a substantial legal setback delivered by a U.S. District Court. This judicial decision favored the Securities and Exchange Commission (SEC) in their legal pursuit against Terraform Labs, the entity steering the Terra blockchain, injecting uncertainty into the fate of the beleaguered cryptocurrency. Harking back to the SEC’s assertions in February, the once-mighty stablecoin, LUNA, now lies at the heart of the controversy that unfolded in May 2022. The SEC contends that LUNA…

US Judge Sides with SEC in Ruling Against Do Kwon and Terraform Labs

The Terraform boss was arrested and imprisoned in Montenegro over falsified documents after being on the run to escape his fate as the alleged mastermind behind the collapse of the blockchain. On Thursday, December 28, a US judge ruled against Terraform Labs and its CEO Do Kwon for violating federal securities laws in the lawsuit with the SEC. The verdict comes following the collapse of the Terra (LUNA) blockchain in May 2022, leading to the depegging of its algorithmic stablecoin TerraUST from its 1:1 benchmark to the US dollar and…

SEC commissioner disagrees with agency’s BarnBridge DAO fine

Hester Peirce, a commissioner with U.S. Securities and Exchange Commission (SEC), clapped back at her colleagues for imposing a $1.7 million fine on defi protocol BarnBridge DAO. Although I did not write a dissent (yet?), I voted against the action. It’s another example of the SEC’s imprecise legal reasoning in crypto cases, which only adds to the uncertainty for crypto projects in the US. — Hester Peirce (@HesterPeirce) December 23, 2023 BarnBridge DAO, along with its two founders — Tyler Ward and Troy Murray — agreed to settle charges that…

Hashdex Names BitGo as Bitcoin ETF Custodian as Applicants Continue SEC Meetings

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

SEC Chair Gary Gensler Warns of ‘Far Too Many Frauds and Bankruptcies’ in Crypto Industry

Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said while he respects investors’ decision to explore the crypto market, he does not believe they receive adequate disclosures regarding the projects they invest in. Gary Gensler Shares Deep Concern Regarding Crypto Gensler also questioned the…

SEC met multiple spot Bitcoin ETF applicants on Dec. 21

boss

Several potential issuers met with the SEC to discuss their spot Bitcoin ETFs, adding to hopes that harmonized approvals may be on the horizon.  The United States Securities and Exchange (SEC) held calls with spot Bitcoin ETF filers, including BlackRock, Valkyrie, ARK 21Shares, Franklin Templeton, Fidelity, VanEck, and Grayscale on Dec. 21 regarding their respective bids for investment vehicles that would hold crypto’s largest token. According to documents on the Commission’s website, issuers reportedly spoke with staff from the SEC’s divisions of corporation finance, trading, and market. Fox Business initially…