SEC Financial News

Bitcoin gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission decision on whether to allow exchange-traded funds that invest directly in the token. An erroneous report that BlackRock Inc. had won approval to launch a spot ETF rapidly sent the largest digital asset to $30,002 on Monday, the highest price since March. The move cooled after the world’s biggest money manager said its application remains under review, leaving Bitcoin 4.4% higher for Oct. 16. BlackRock is among about a dozen firms seeking to offer the first US spot Bitcoin ETFs amid expectations that the SEC may soon end its opposition to the products. Optimists argue such funds will help spur wider crypto adoption. “This was like a dry run for what’s going to happen if these things actually do get approved,” Bloomberg Intelligence ETF analyst James Seyffart said. “It basically gave traders a playbook.”

The SEC will zero in on investment advisors’ compliance with the marketing rule, their compensation arrangements and their recommendations of illiquid or difficult-to-value assets in its examinations in 2024.

The U.S. Securities and Exchange Commission (SEC) released its fiscal plan for 2024 today, detailing a heightened regulatory focus on cryptocurrency and associated financial technologies. This report comes from the SEC's Division of Examinations and outlines the agency's approach to emerging market risks.

A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.

Last week, the FTX court saga had elements of a TV drama, with Sam “SBF” Bankman-Fried’s former business associate and girlfriend, Caroline Ellison, sharing some shocking stories about SBF’s rule over the company. Ellison admitted to fraud during her time as CEO at Alameda under Bankman-Fried’s direction. However, she blamed the misuse of FTX user funds directly on SBF, claiming he “set up the systems” that led to Alameda taking roughly $14 billion from the exchange.

Bitcoin prices briefly spiked on Monday morning after a false report circulated on social media that the U.S. Securities and Exchange Commission (SEC) had approved a spot bitcoin exchange-traded fund (ETF).

The world’s largest bitcoin fund is surging faster than the cryptocurrency itself as investors anticipate that an exchange-traded fund centered on the token could soon launch. 

United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.” 

The crypto giant stopped accepting new UK customers at 5pm on Monday, according to a blog. Under Financial Conduct Authority rules introduced earlier this month, firms wishing to promote cryptoassets in the UK must, by law, be authorised or registered by the FCA, or have their marketing approved by an authorised firm. As an unregulated overseas firm, Binance engaged FCA-authorised firm Rebuildingsociety.com to review and approve financial promotions in compliance with the new rules.

The United States Securities and Exchange Commission released its 2024 examination priorities report on Oct. 16. The agency’s Division of Examinations has been publishing similar reports for over a decade to let its registrants know the emerging risks it will be focusing on. Crypto dealer-brokers, among others, have been given notice.

Bitcoin pumped from under $28,000 to $30,000 within minutes earlier on Monday as unverified rumors that the US Securities and Exchange Commission (SEC) had approved asset management giant BlackRock’s iShares spot Bitcoin Exchange Traded Fund (ETF) application began circulating across social media.

The XRP price has risen by 1.2% in the past 24 hours, climbing back to $0.494007 on a day when the wider cryptocurrency market has also recovered a little from last week's damage.

Tokenization protocol BarnBridge’s BOND token surged in price over the weekend after the project announced its intention to comply with unspecified demands from the U.S. Securities and Exchange Commission (SEC).

As Bitcoin price oscillates in its valuation, showing a recent dip of 2.5% in seven days, several fundamental and geopolitical factors are coming into play to chart its future course. 

Recent reports indicate that the U.S. Securities and Exchange Commission (SEC) has chosen not to appeal the Grayscale decision, as Bloomberg's ETF analyst, James Seyffart, weighed in on the matter, suggesting that spot Bitcoin ETF approvals are now highly likely, deeming it a "done deal" in his October 13 post.

Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States.

The Securities and Exchange Commission won’t ask a federal appeals court to reconsider a decision that paves the way for Grayscale Investments to launch a spot Bitcoin exchange-traded fund, according to a person familiar with the matter.

On September 29, 2023, the Securities and Exchange Commission (SEC) announced legal charges against the international accounting firm Prager Metis CPAs, LLC and its Californian counterpart, Prager Metis CPAs LLP (jointly referred to as Prager), for alleged violations of auditor independence rules and for supposedly aiding and abetting their clients in breaching federal securities laws. The complaints pointed to improper conduct over approximately three years, from December 2017 to October 2020, during which Prager was alleged to have included indemnification clauses in engagement letters for more than 200 audit-related assignments, thereby compromising its independence as required by federal securities laws.

As the BTC/USD pair exhibits a modest +0.25% gain, trading today at $26,916, the crypto community buzzes with speculation and optimism. 

Amidst an imminent government shutdown due to Congress's stalled federal appropriations bill for the fiscal year beginning October 1, 2023, the financial sector holds its breath. The potential shutdown's ripple effects are poised to stretch beyond traditional markets, reaching into the cryptocurrency sphere, particularly Bitcoin, according to Greg Cipolaro, Global Head of Research at NYDIG .

What are the live-in nannies slipping into the morning OJ of corporate Australia at the moment? Everyone’s sucking on epiphanies.