In a decision by the Securities and Exchange Commission (SEC), Grayscale Investments LLC has won the right to convert its hefty $17 billion Bitcoin trust into a physically backed ETF. While this move positions Grayscale favorably in the ETF sector,
In a landmark decision that could have far-reaching implications for the cryptocurrency industry, Judge Katherine Polk Failla of the Southern District of New York ruled Ethereum (ETH) a commodity. This determination, stemming from the Uniswap lawsuit, is particularly notable given
According to a recent report, the SEC is facing scrutiny from legal experts over its management of digital assets, particularly evident in the ongoing Ripple XRP case. A pro-crypto attorney, John Deaton, has voiced notable apprehensions about the agency’s mission,
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
FTX, the defunct cryptocurrency exchange, has temporarily halted user accounts linked to Kroll, its bankruptcy claims agent, following a troubling cyber breach. While seemingly necessary for safeguarding users, this decision raises questions about crypto firms’ broader vulnerabilities in an era
In a resounding move against deceptive practices in the financial industry, the U.S. Securities and Exchange Commission (SEC) has announced a substantial settlement with Titan Global Capital Management USA LLC. The New York-based FinTech investment adviser has been scrutinized for
SEC greenlights the first-ever Ethereum Futures ETF, marking a major milestone in the crypto industry. Valkyrie’s listing, expected in October, signals a turning point for Ethereum investors. The United States Securities and Exchange Commission (SEC) is expected to approve the
Judge Analisa Torres of the U.S. District Court for the Southern District of New York has granted the SEC permission to apply for an interlocutory appeal in its Ripple Labs case. Judge Torres received consent after the SEC wrote on
Binance has filed for a protective court order against the US Securities and Exchange Commission (SEC) in response to what it calls “overbroad” and “unduly burdensome” requests for communications and deposition testimony from its executives. According to Reuters, the exchange
According to former SEC Attorney John Reed Stark, the SEC is unlikely to approve a Bitcoin Spot ETF under the current leadership of Gary Gensler. Stark claims that cryptocurrency is a partisan issue in the U.S., and the only thing
The Securities and Exchange Commission’s (SEC) lawsuit against Coinbase has rattled the US crypto landscape. However, the firm’s motion to dismiss has gained high-profile support. Senator Cynthia Lummis recently filed an amicus brief siding with the crypto exchange. Coinbase, a
The United States Securities and Exchange Commission (SEC) recently moved significantly in the crypto space, announcing an agreement with crypto trading platform Bittrex and its co-founder and former CEO, William Shihara. The SEC accused Bittrex and Shihara of operating an
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