The U.S. House Financial Services Committee, during its hearing on Thursday, February 29, 2024, moved to advance legislation that minimizes the U.S. Securities and Exchange Commission's oversight on crypto and digital assets. The legislation was initiated by U.S. Representatives Wiley Nickel and Mike Flood, and it aims to capitalize on ...
2023 saw many governments recognize crypto ‘publicly’ as a legitimate financial asset and implemented regulations to help citizens benefit from its advantages and protect them from the potential risks of using it as an investment vehicle This process wasn't smooth for every country, notably the United States. Virtually all its ...
Franklin Templeton submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) on Monday, February 11, 2024, signalling its intent to issue an Ethereum exchange-traded product (ETF) to investors in the country. The proposed ETF aims to closely track the price movements of Ethereum's native token, Ether (ETH). ...
Grayscale has petitioned the U.S. Securities and Exchange Commission (SEC) to hasten its decision regarding the application to convert the Grayscale Bitcoin Trust (GBTC) to a traditional Bitcoin Exchange-Traded Fund (ETF). In a letter sent on September 5, 2023, to the SEC, Grayscale's legal team argued that there are no ...
Bitwise has withdrawn its application for the Bitcoin and Ethereum Market Cap Strategy Ethereum Futures Contracts (ETF), initially filed with the Securities and Exchange Commission (SEC) on August 3, 2023. This development has surprised investors as Bitwise did not provide a specific reason for this decision. Also, the timing of ...
Binance has taken another legal action in its ongoing battle with the United States Securities Exchange Commission (SEC). On August 14, 2023, the exchange submitted a motion requesting a protective order against the regulator. The motion, filed by BAM Trading, Binance's U.S. operational entity, seeks to address what Binance perceives ...
The United States Securities Exchange Commission has made moves to appeal the recent ruling in its lawsuit against Ripple. In a letter addressed to Judge Analisa Torres on August 9, 2023, the SEC contended that the court's decisions on two key aspects of the lawsuit are wrong and carry significant ...
Coinbase has filed a motion seeking to dismiss the lawsuit brought against it by the U.S. Securities Exchange Commission (SEC). In a court filing submitted on August 4, 2023, the exchange accused the U.S. SEC of overstepping its jurisdiction. In June 2023, the SEC filed charges against the American crypto exchange ...
Judge Paul Barbadoro of the U.S. District Court for the District of New Hampshire has refused to make a definitive ruling on whether the secondary sale of LBRY Credits (LBC) qualifies as a security. The U.S. Securities Exchange Commission filed a motion against LBRY in March 2021 over claims that ...
