Terraform Labs Files for Chapter 11 Bankruptcy Protection
Do Kwon’s Terraform Labs has initiated the process of Chapter 11 bankruptcy protection in the United States; the firm claims to have between $100 million and $500 million in estimated assets and liabilities. A January 21 filing with the United States Bankruptcy Court for the District of Delaware stated that the company had petitioned for […]
DTCC Lists Tickers for WisdomTree, VanEck Spot Bitcoin ETFs
Amid anticipation of US SEC approval, the WisdomTree and VanEck ETFs have been listed on the Depository Trust & Clearing Corporation (DTCC). The spot Bitcoin ETF applications have generated significant anticipation, with the Depository Trust & Clearing Corporation (DTCC) listing the ETFs of two of the eleven applicants, WisdomTree and VanEck, in advance of the […]
SEC reissues ‘FOMO’ warning as spot Bitcoin ETFs nears Approval
Social media users have noted that the regulator’s “no go to FOMO” warning coincides with increased anticipation regarding the approval of spot Bitcoin ETFs. Simply days before the expected approval of spot Bitcoin exchange-traded funds, the United States Securities and Exchange Commission (SEC) has reissued a warning regarding FOMO investing in cryptocurrencies. The SEC’s Office of […]
Tether Amplifies Transparency Stance with US Lawmakers
Tether is reaffirming its dedication to working with American law enforcement and regulatory agencies in the battle against illegal activity. By sharing its recent letters with members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, stablecoin issuer Tether hopes to intensify its campaign against illegal […]
Lawmaker Suggests Lowering SEC Chief Gary Gensler’s Pay to $1
The proposal to significantly reduce funding for the SEC and other government agencies is outlined in the Financial Services and General Government bill. A lawmaker from the United States proposes that Gary Gensler, the chairman of the Securities and Exchange Commission, be remunerated at a rate of $1 per annum. In a proposed amendment to […]