Tag: SEC

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

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United States Securities and Exchange Commission (SEC) chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin (BTC) exchange-traded products following a recent Grayscale court decision. Speaking to CNBC on Dec. 14, Gensler was questioned about the long list of pending spot Bitcoin exchange-traded fund (ETF) applications. He said the SEC has “between eight and a dozen filings” going through the process at the moment. “We had in the past denied a number of these applications,” he said before adding that the courts have weighed…

SEC reevaluating spot Bitcoin ETF with fresh perspective

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U.S. Securities and Exchange Commission Chair Gary Gensler indicated a possible change in the agency’s approach towards Bitcoin ETFs. During a CNBC interview, Gensler revealed that the U.S. Securities and Exchange Commission (SEC) is reconsidering “between eight and a dozen filings” for spot Bitcoin ETFs, a move influenced by recent court decisions in the District of Columbia. 🇺🇲 SEC Chair Garry Gensler commented on @CNBC about SPOT #Bitcoin ETF. How they have been denying a dussin of these ETFs in the past, but now BlackRock… I mean Courts in DC…

SEC Chair Gensler dodges question about spot Bitcoin ETF

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Securities and Exchange Commission (SEC) Chairman Gary Gensler refused to talk about cryptocurrency after a meeting on the U.S. Treasury market. Bloomberg reporter Kailey Leinz asked Gensler about the current status of various applications for spot Bitcoin (BTC) ETFs. Gensler did not want to talk about #Bitcoin or Crypto with @kaileyleinz today after their meeting where the SEC made changes to the treasury markets haha (admittedly he does have a point but Kailey focused on treasuries for 5 minutes before this question lol) pic.twitter.com/Ll9uCGJYEX — James Seyffart (@JSeyff) December 13,…

Philippines SEC begins Binance ban countdown

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The Philippines Securities and Exchange Commission head Kelvin Lee clarified in a panel on Dec. 13 that a ban on Binance would come into effect three months after its advisory was issued. According to a report from local news BitPinas, Lee said there has been a lot of confusion on the internet about the ban after regulators issued an advisory to the cryptocurrency exchange for operating without a license on Nov. 28. He was asked to clarify the matter and that the ban was “supposed to be three months from…

SEC postpones deadline for decision on Invesco Galaxy spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed its review of Invesco Galaxy’s Ethereum (ETH) spot ETF. Setting a new deadline of Feb. 6, the SEC has pushed back the applications of a spot ETH ETF that would allow the Cboe BZX Exchange to list and trade shares of the Invesco Galaxy Ethereum ETF. “The 45th day after publication of the notice for this proposed rule change is December 23, 2023. The Commission is extending this 45-day time period.” SEC In September, asset managers Invesco and Galaxy Digital submitted a…

SEC pushes deadline for decision on Invesco Galaxy spot Ethereum ETF to 2024

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The United States Securities and Exchange Commission has delayed its decision on whether to approve or disapprove a spot Ether (ETH) exchange-traded fund, or ETF, proposed by Invesco and Galaxy Digital. In a Dec. 13 notice, the SEC said it would designate a longer period on whether to approve or disapprove a proposed rule change that would allow the Cboe BZX Exchange to list and trade shares of the Invesco Galaxy Ethereum ETF. The proposed spot crypto investment vehicle is one of many being considered by the commission, which to…

SEC wants Binance guilt admission added to own case

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Binance Holdings and its former CEO Changpeng Zhao have reacted to a move by the U.S. Securities and Exchange Commission (SEC). The SEC has filed to include Binance’s admission of guilt to the Department of Justice (DOJ) in its own legal proceedings. In the filing submitted to the U.S. District Court for the District of Columbia, Binance insisted the SEC’s attempt to include the $4.3 billion guilty plea and settlement agreement with the DOJ in the continuing case was procedurally incorrect and should not be allowed. The ongoing Binance-SEC legal case…

BlackRock revises spot Bitcoin ETF application after meeting with SEC

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BlackRock has made structural changes to its application to launch a spot Bitcoin ETF in the U.S. According to the updated filing, Wall Street banks can now create new shares in the fund based on fiat, not just cryptocurrencies. To do this, they need to obtain the status of an authorized participant (AP). Source: BlackRock ETF filing The changes open the way to ETFs for regulated U.S. banks that cannot hold cryptocurrency. They will be able to interact with the BlackRock Bitcoin fund as an AP. Fiat shares of the fund can…

SEC serves suit to evasive Richard Heart in Finland, but not in person

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The United States Securities and Exchange Commission said it served its lawsuit to HEX founder Richard Schueler — aka Richard Heart — at his house in Finland’s capital of Helsinki. In a Dec. 11 New York District Court filing, the SEC said it served Heart through substitute service on Oct. 31 — an alternative for when a suit can’t be personally delivered to the defendant typically due to difficulties in locating them. The process server said they made several failed attempts over nearly seven weeks starting Sept. 13 to personally…