SEC Adopts New Regulation to Protect Asset-Backed Securities Investors
SEC Rule 192 improves market fairness and strengthens public confidence in the financial sector by protecting ABS investors from transactions that could be conflicted. A strict rule aimed at removing conflicts of interest in the selling of asset-backed securities (ABS) has been introduced by the Securities and Exchange Commission (SEC). The implementation of Rule 192 […]
Changpeng Zhao Steps Down as Binance.US Chair
Changpeng “CZ” Zhao, a co-founder of Binance, has resigned as Chairman of Binance Holdings Ltd., the US international exchange division. Changpeng Zhao has not only consented to resign from the board but also transferred his voting shares through a proxy arrangement, as the US affiliate disclosed in its notice to the community. The announcement reads: […]
Grayscale Updates Spot Bitcoin ETF Application
Grayscale submitted an updated filing for its pending spot Bitcoin ETF to the U.S. Securities and Exchange Commission (SEC). In light of conversations with the U.S. Securities and Exchange Commission (SEC), cryptocurrency asset management Grayscale has released an updated version of its spot Bitcoin exchange-traded fund (ETF). A plan to switch GBTC’s ticker to BTC […]
BlackRock Meets With SEC on Structure of Bitcoin ETF
According to James Seyffart, an ETF analyst at Bloomberg, BlackRock recently met with US SEC regulators regarding its spot Bitcoin ETF application. Reports have been that the US Securities and Exchange Commission is in talks with exchanges on the much-anticipated release of a spot Bitcoin exchange-traded fund. The main topic of discussion is the decision […]
Fidelity Files for Ethereum ETF with SEC
Fidelity Investments, an American asset management company, has submitted an application to market Ethereum spot ETF in the US. The Securities and Exchange Commission (SEC) has received an application from American investment management company Fidelity Investments to list its Ethereum spot Exchange Traded Fund (ETF) product. Fidelity Investments is currently the seventh asset manager in […]