Grayscale, Others File Applications to SEC for Ether ETFs
Six prominent asset managers, including Grayscale, ProShares, and VanEck, have submitted new applications to the SEC to offer Ethereum Futures exchange-traded funds (ETFs) to U.S. investors. Separate applications from Grayscale, VanEck, BitWise, Volatility Shares, ProShares, and Round Hill Capital are detailed in filings reviewed by Cointelegraph that were submitted to the U.S. Securities and Exchange […]
Coinbase CEO Says SEC Wanted All Assets Except Bitcoin Delisted
The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin before its legal action against the exchange. The exchange was instructed to stop all cryptocurrency trading activities other than Bitcoin (BTC) by the US Securities and Exchange Commission (SEC). Brian Armstrong, the CEO of the San Francisco-based cryptocurrency exchange Coinbase, is quoted in […]
SEC Issues Warning Over Misleading Crypto ‘Audits’
The SEC warned accounting firms working as crypto “auditors” could be censured or suspended if they’re linked to misleading marketing. The Securities and Exchange Commission (SEC) has issued a warning regarding a concerning development where accounting firms are partnering with cryptocurrency trading platforms that have a history of scandals and financial catastrophes inside the cryptocurrency […]
SEC, Binance Join Forces to Oppose Eeon’s Legal Action
The response to the entity “Eeon,” which wanted to intervene on behalf of clients in the case, has been sent by the SEC and cryptocurrency exchange Binance. The SEC and Binance oppose Eeon’s petition for intervention because it does not adhere to the legal prerequisites for intervention and consent.Eeon’s motion to intervene in the litigation […]
SEC Adopts Proposal for Regulating Use of AI
The U.S. Securities and Exchange Commission (SEC) has enacted a new set of regulations for financial services that use artificial intelligence. The SEC’s proposal is intended to address possible conflicts of interest that may arise due to businesses using AI, predictive data analytics, and related technologies. Although the SEC accepted that AI and predictive technology […]