SEC Financial News

Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's application, meaning there is no certainty it will reach a different conclusion and greenlight the product. And the regulatory agency, which on Tuesday said it was studying the ruling, could appeal.

Citigroup Inc. will pay $2.9 million to settle Securities and Exchange Commission allegations that the bank’s broker had flawed processes in its accounting in underwriting of securities offerings.

Leading hard fork project Bitcoin SV (BSV) has surged +10% overnight following the bullish news that the SEC will have to abandon the current legal argument used to prevent a Bitcoin spot ETF.

Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute.

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management.

The XRP price has risen to $0.529853 today, representing a 3% gain in 24 hours as the cryptocurrency market benefits from Grayscale's successful appeal against the SEC.

The $17.4 billion Grayscale Bitcoin Trust rallied the most since July 2021 after a US court ruling potentially paved the way for the vehicle to convert into an exchange-traded fund.

The Bitcoin Cash price has risen by 15% in the past 24 hours, with its jump to $219.44 following yesterday's news that Grayscale has won a court appeal against the Securities and Exchange Commission.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 5.5% to $27,450, whereas Ethereum (ETH) was above the 1,700 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.09 trillion, rising 4.22% in the last 24 hours. «Bitcoin neared two-week highs as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The markets reacted instantly, gaining $1,700 in around 30 minutes,» said CoinDCX Research Team. «A ruling by the United States Court stated that the U.S. The Securities and Exchange Commission (SEC) was wrong to reject an application by Grayscale to launch an exchange-traded fund (ETF) using the Bitcoin spot price as its basis,» CoinDCX Research Team added.

The news sent crypto prices surging on Tuesday, with Bitcoin gaining more than six per cent, pushing the $28,000 mark. Grayscale and other asset managers, including BlackRock, WisdomTree and Fidelity, have pushed for the SEC to approve spot bitcoin ETFs, which would allow people to invest in the crypto without having to won it themselves..

Amidst a dynamic landscape in the cryptocurrency realm, Bitcoin's price has taken center stage. 

The cryptocurrency fund manager Grayscale has won a major court battle against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund

The United States Securities and Exchange Commission is facing its first deadlines to decide on seven new Bitcoin (BTC) spot exchange-traded fund applications with the latest being Sept. 4 amid its defeat to Grayscale Investments in a U.S. federal appeals court.

The news sent crypto prices surging on Tuesday, with Bitcoin gaining more than six per cent, pushing the $28,000 mark.Grayscale and other asset managers, including BlackRock, WisdomTree and Fidelity, have pushed for the SEC to approve spot bitcoin ETFs, which would allow people to invest in the crypto without having to won it themselves..

Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform.

The crypto community received the decision it had been hoping for when the District of Columbia Circuit Court of Appeals ruled on Grayscale Investments’ Bitcoin spot ETF application. The United States Securities and Exchange Commission (SEC) rejection of the application was overturned.

Well, now the SEC is in a real pickle. 

Financial advisors should wait for regulations to emerge around crypto assets called non-fungible tokens before recommending them to clients, experts said following the SEC’s first enforcement action involving NFTs.

Futures Trading Commission. Asset management giant BlackRockapplied for a spot bitcoin ETF in June, kicking off another wave of applications and speculation that the SEC might reconsider its stance. Fidelity and Invesco are among the other asset managers that have applied.

Over the course of the week ending 8/27, the Bitcoin market saw some dramatic changes. Bitcoin settled around $26,000 last week, slightly outpaced by the S&P 500 and Nasdaq, which registered a week-over-week increase of 0.8% and 2.3% respectively. What caught the eye of many investors, however, was the contrasting stagnation of Bitcoin prices last week, reminiscent of the time prior to the filing of BlackRock’s spot Bitcoin ETF application.

The SEC’s loss in court Tuesday means that the agency must go back and review Grayscale’s spot bitcoin ETF application — but don’t expect any products to come to market soon.