SEC

BlackRock, the world’s largest asset manager and a frontrunner in the Bitcoin exchange-traded fund (ETF) race, has voiced concerns regarding the potential classification of Bitcoin as a security by the U.S. Securities and Exchange Commission (SEC). In an update to its ETF filing, BlackRock emphasized potential challenges if regulators deemed Bitcoin a security. The firm […]

The United States Securities and Exchange Commission (SEC) has delayed its verdict on the proposed Grayscale Ethereum Trust exchange-traded fund (ETF). This move, announced on December 5, grants the SEC additional time to assess a rule change allowing NYSE Arca to list and trade the Grayscale Ethereum Trust shares. They have set a new deadline […]

The legal saga involving DEBT Box and the SEC has taken a dramatic turn, as Judge Robert Shelby promptly warns SEC lawyers. The $50 million case revolves around allegations of DEBT Box deceiving investors through the sale of unregistered securities. It has unveiled surprising discrepancies. Led by attorney Michael Welsh, the SEC initially persuaded the […]

Phoenix Group’s planned public trading debut on the Abu Dhabi Securities Exchange has been rescheduled for December 5, 2023, in observance of the UAE National Day. Phoenix Group, a crypto mining company, is gearing up for its anticipated public trading debut. The presale on Nov. 21 witnessed significant oversubscription, paving the way for the company’s […]

Crypto asset manager Grayscale held a meeting with the Securities and Exchange Commission (SEC) regarding the conversion of its flagship fund – the Grayscale Bitcoin Trust (GBTC) – into a spot Bitcoin exchange-traded fund (ETF). A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, ETF head Dave LaValle, legal chief Craig Salm, and four […]

The United States Securities and Exchange Commission (SEC) has filed a complaint against Kraken, accusing the cryptocurrency platform of being an unlisted exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has unlawfully enabled cryptocurrency transactions since 2018. Kraken, in response, expressed disagreement with the SEC’s claims, asserting its intention to defend itself […]

PayPal Holdings, a global payments firm expanding into the crypto space, received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its US dollar stablecoin PayPal USD (PYUSD), the company disclosed on Nov. 2 in its Q3 financial report with the SEC. PayPal noted: “On November 1, 2023, we received a subpoena […]

Bitcoin has returned to attention due to a surprising comeback. Digital asse­t investments saw an impressive­ increase of $326 million within seve­n days. This extraordinary boost, the biggest since­ July 2022, mirrors heightened positivity from inve­stors. Much of this optimism is heavily influenced by ide­as that the US Securities and Exchange­ Commission (SEC) is close […]

Valkyrie Investments, a digital asset manager, has filed an updated prospectus for the spot Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Oct. 30, according to the regulator’s database. The revised form S-1 registration statement for the Valkyrie Bitcoin Fund aims to provide investors an opportunity to invest in BTC-backed […]