SEC Exceeds Authority with Hedge Fund Rule – US Appeals Court
A US Appeals Court invalidated a Securities and Exchange Commission (SEC) rule involving hedge funds and private equity firms, saying it exceeded its congressional authority. The case rebukes the regulator’s assertion of congressional authority over the sector. In recent years, vocal detractors of the regulator in the crypto industry have also expressed comparable criticism. On […]
Investment Manager Hashdex Withdraws spot Ether ETF Application
Hashdex has reportedly withdrawn its application for a spot Ether exchange-traded fund (ETF), according to documents submitted to the US Securities and Exchange Commission (SEC). Hashdex withdrew its application for a proposed rule change that would have permitted the launch of its Hashdex Nasdaq Ethereum ETF, according to a filing dated May 28. The financial […]
XRP Lawyer Suggests SEC Corruption In Hinman Ethereum Case
Lawyer accused SEC of misconduct, stating that former official William Hinman favored Ethereum, biasing regulation against Ripple’s XRP. An XRP lawyer has accused the Securities and Exchange Commission (SEC) of corruption, claiming that the agency favored Ethereum against Ripple’s native token, XRP. Bill Morgan, a pro-XRP attorney, has reaffirmed allegations of partial regulatory practices, attributing the […]
Consensys Slams SEC Crypto Approach Amid Ether ETF Approval
ConsenSys, the leading blockchain firm, challenges the SEC’s inconsistent and ad hoc approach to crypto regulation despite applauding the recent approval of Ethereum ETFs. The recent approval of Ethereum ETFs by the US SEC on May 23 rocked the crypto market, initially fuelling investor euphoria. However, despite this significant achievement, the price of Ethereum declined, […]
United States SEC Approves Spot Ether ETFs
The United States Securities and Exchange Commission (SEC) has approved the spot Ether exchange-traded funds (ETFs) for trading on several exchanges. The SEC approved the 19b-4 filings of VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise on May 23. The approvals granted permission for the listing and trading spot Ether ETFs […]