SEC Financial News

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).

"Nifty is displaying strength on the charts with the bias in favour of the bulls. It is all set to rally towards its immediate target of 19,450. However, investors should be prepared to deal with greater volatility in the coming weeks, as generally, when markets trade at record highs, investor emotions tend to stay elevated.

The price of Bitcoin has experienced a bullish turnaround, propelled by a substantial trading volume of $20 billion, which has pushed BTC above the $30,000 mark. 

Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has been widely debated and speculated. Despite past rejections, experts such as Elliot Johnson, COO and CIO of Evolve ETF and a pioneer of Bitcoin ETFs in Canada, believe that the BlackRock ETF stands a higher chance of receiving approval from the SEC.

Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, saying it would work with global crypto exchange Coinbase to prevent any market manipulation in the process. The refreshed filing aims to address concerns raised by the U.S. Securities and Exchange Commission (SEC), which told Cboe that its recent filing to list and trade a spot bitcoin ETF from Fidelity was unclear and incomplete, according to a person familiar with the matter. The SEC raised the same concerns with Nasdaq over a recent filing for a spot bitcoin ETF from BlackRock, the person said. A key issue was that the exchanges did not name the crypto-trading platforms with which it planned to enter into surveillance-sharing agreements to help detect fraud in the underlying bitcoin markets, the person said. Cboe also refiled listing applications with the SEC on Friday for bitcoin ETFs by WisdomTree, VanEck, and a joint effort from Invesco and Galaxy. It said in all of the filings it plans to enter into a surveillance-sharing agreement with Coinbase.

There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States as the Securities and Exchange Commission (SEC) labeled investment managers' recent applications inadequate.

Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).

The US Securities and Exchange Commission (SEC) has raised concerns about recent applications for spot bitcoin exchange-traded funds (ETFs). 

 

To date, the regulator has yet to approve a spot ETF linked to a cryptocurrency. This is in keeping with its cautious approach to the crypto market. In fact, last week the SEC sued two crypto exchanges, Coinbase and Binance, on the basis that they have failed to register as a securities trading venue.

Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country.

The introduction of a spot-based Bitcoin (BTC) exchange-traded fund (ETF) would make the asset more accessible to individual investors and mutual funds. What’s more, unlike a futures-based Bitcoin ETF, a spot-based ETF involves actually buying BTC.

Canada appears ready to take a strong step toward blockchain adoption, with an influential group of lawmakers requesting that the government comes up with a national blockchain strategy. 

Wall Street’s main regulator accused Binance Holdings Ltd. and its chief executive Changpeng Zhao of breaking U.S. securities rules, a major escalation in the legal woes facing the crypto exchange.

The Securities and Exchange Commission sued Coinbase Global Inc. in federal court in New York on June 6, alleging the crypto firm for years broke its rules.

The United States Securities and Exchange Commission (SEC) will present its response to Coinbase’s first legal defense on July 13, according to a court order issued on Thursday, June 29.

The XRP price has risen by 2% in the past 24 hours, reaching $0.476333 as the wider cryptocurrency market gains by the same percentage today.

Three committee chairs in the United States House of Representatives have sent a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler demanding a more satisfactory response to their Nov. 1 letter regarding the SEC chairman’s and the agency’s compliance with recordkeeping requirements. 

Cathie Wood's investment management firm, ARK Invest, is on the growing list of US-based firms that filed for spot Bitcoin exchange-traded funds (ETFs) approval with the SEC.  

Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a hefty retroactive fine for every time you passed the spot where the new sign stands today.

In May 2023, the European Union signed its landmark Markets in Crypto-Assets legislation into law. Crypto businesses operating in the EU now have a fixed timeline to comply with MiCA’s wide-ranging guidance and regulations, which address everything from defining a crypto asset to establishing reserve requirements for stablecoins.