BarnBridge DAO Pays $1.7M in Settlement to SEC
BarnBridge’s governing body has agreed to pay $1.4 million, and its two founders will each pay a civil penalty of $125,000 as settlement to the SEC as both have settled and agreed to cease the “unregistered offer and sale of structured finance crypto product. The United States Securities and Exchange Commission (SEC) and the governing […]
BlackRock, SEC Engage in Fourth Round of Talks Over Bitcoin ETF
BlackRock and the SEC convene for a fourth meeting on the Spot Bitcoin ETF, sparking excitement as a decision looms. Unlike past sessions, there were no presentations, according to Bloomberg Intelligence analyst James Seyffart. Seyffart informs the community in a follow-up discussion on X that Hashdex, a different company in the battle for a spot […]
Binance Withdraws Abu Dhabi License Application
Binance has withdrawn its bid for an investment management license in Abu Dhabi, having deemed it unnecessary to the company’s “global needs.” On December 7, 2023, Reuters reported that cryptocurrency exchange Binance had chosen not to move forward with its application for a license in Abu Dhabi. Less than a year ago, the exchange submitted […]
BlackRock Adjusts Proposed Spot Bitcoin ETF Structure
BlackRock has revamped its ETF redemption model to mitigate against market manipulation and other regulatory sticking points. The largest asset manager in the world, BlackRock, has revised its application for a spot in the Bitcoin Exchange-Traded Fund (ETF) to address concerns raised by the Securities and Exchange Commission (SEC) of the United States. The modifications […]
SEC Begins Discussion on Fidelity’s Proposed Ethereum ETF
SEC requests feedback on Fidelity’s proposed Ethereum ETF, indicating a possible change in U.S. regulations pertaining to the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has opened public comments on a proposed rule change, which is a big step for the cryptocurrency industry. This modification may enable the large asset management company […]