Tag: SEC

Grayscale Investments is now fully embroiled in a lawsuit with the United States Securities and Exchange Commission (SEC) after the regulator rejected the firm’s application to convert its flagship Grayscale Bitcoin Trust into a spot Bitcoin Exchange Traded Fund (ETF). According to the firm’s Chief Legal Officer, Craig Salm, the current case may take as […]

The legal fight between Ripple Labs Inc and the SEC or Securities and Exchange Commission is known for taking sharp turns, but the recent smell of confidence in Ripple clearly indicates where the case will turn. As the lawsuit continues to be delayed, the CEO of Ripple, Brad Garlinghouse, has threatened the possibility of leaving […]

Do Kwon, the embattled Co-Founder and Chief Executive Officer of Terraform Labs has been indicted in a money-laundering probe drawing on testimonies from anonymous employees of the company. According to South Korean media platform Naver News, the employees told the United States Securities and Exchange Commission (SEC) that Kwon withdraws $80 million (100 billion won) […]

Donald Verrilli Jr, a renowned legal practitioner and former Solicitor of the United States under President Barack Obama has joined Grayscale Investments’ legal team.  The onboarding of Verrilli comes ahead of the July 6 deadline in which the Securities and Exchange Commission (SEC) is expected to give its final verdict on Grayscale’s application to convert […]

The United States Securities and Exchange Commission (SEC) has been maintaining its tough stance on Bitcoin exchange traded funds (ETF), by extending its window to approve or disapprove spot BTC ETF applications from asset managers WisdomTree and One River. The SEC will extend the deadline for approving or rejecting a rule change that will allow shares of […]

The United States Securities and Exchange Commission (SEC) has rejected the spot Bitcoin Exchange Traded Fund (ETF) applications from the duo of New York Digital Investment Group and Global X, extending the anticipation from investors with respect to the emergence of a full-fledged ETF product. The SEC’s decision was contained in two separate filings in […]

Binance Exchange, the largest crypto trading platform by volume has joined the Association of Russian Banks (ARB), extending the foothold as a major stakeholder in the country’s financial ecosystem. As reported by local news platform Prime, the onboarding of Binance was accompanied by the creation of a new department for the association dubbed the Expert […]

According to a report published by Bloomberg, crypto lending platform BlockFi has agreed to pay the SEC $50 million and stop opening new accounts of its high yield lending product to most Americans as part of the settlement of an ongoing inquiry into whether the service is a securities offering or not. Existing accounts do not […]

Hester Peirce, a Commissioner with the United States Securities and Exchange Commission (SEC) has warned that a new rule being proposed by the markets regulator could have a huge impact on crypto-focused protocols particularly those in the decentralized finance (DeFi) world.  Global media publication Bloomberg reported earlier that the proposed rule from the SEC which […]

MicroStrategy, the renowned Bitcoin (BTC) investor, has revealed another major BTC purchase, making a total of 125,051 Bitcoin holding as of Monday. MicroStrategy purchased 660 BTC for about $25 million in cash between December 30, 2021, and January 31, 2022, according to an official form submitted with the U.S. Securities and Exchange Commission (SEC) on Tuesday. According […]

The United States Securities and Exchange Commission (SEC) has rejected Fidelity’s Wise Origin Bitcoin Trust Spot Exchange Traded Fund application, reintroducing the stalemate that has bedeviled the anticipation for a spot BTC product to be floated in America. Fidelity Investments filed for the Wise Origin Bitcoin Spot ETF product far back in March 2021 with […]

American Nasdaq-listed Bitcoin mining company Marathon Digital has disclosed in a filing with the US Securities and Exchange Commission (SEC) that its recently purchased Antminer S19 XP was acquired for more than $879 million. As reported earlier by TheCoinRise, the company announced the acquisitions in the past week but did not mention the exact number […]

Cryptocurrency funds manager, Bitwise Assets Management has launched the Bitwise Blue-Chip NFT Index Fund, an avenue for accredited investors from the United States to gain exposure to iconic Non-Fungible Tokens in the space. As detailed on the company’s dedicated page for the new offering, the index constituent is composed of 10 unique NFT collections, tagged […]

Jay Clayton, the former chairman of the Securities and Exchange Commission or SEC, was appointed to the position by ex-President Donald Trump in 2017. Clayton frequently supported Bitcoin (BTC) as a store of value throughout his time as the SEC’s chairman. He discussed crypto and how it should be controlled in the future during an […]

Hester Peirce, a US Securities and Exchange Commission (SEC) commissioner nicknamed “Crypto Mom” by many in the industry, is putting pressure against the regulatory body’s agenda for not containing clarity and explanation on digital assets. SEC Commissioner Elad Roisman sang along with Peirce and said they were “disappointed” that chairperson Gary Gensler’s regulatory agenda failed […]

In its bid to offer a diversified crypto exposure to investors, New York-based asset manager, WisdomTree has announced on Friday, 3rd December, the creation of 4 cryptocurrency indices in the U.S and Europe. This move saw WisdomTree partnering with Gemini and OnRamp. The financial institution which boasts of more than $76 billion in assets under […]

Gary Gensler, the U.S. Security and exchange commission (SEC) chair and a known name in the crypto for the statements he makes, is back again with more remarks on the urgent need for regulations in the decentralized industry. While speaking remotely at the Digital Asset Compliance and Market Integrity (DACOM) Summit, he said that the […]

The ongoing legal feud between embattled blockchain payments firm Ripple Labs Inc and the United States Securities and Exchange Commission (SEC) over the status of XRP coin as security seems to be going in favor of the former according to the Chief Executive Officer, Brad Garlinghouse.  Garlinghouse said he expects the Ripple and SEC case […]