XRP Lawsuit: Ripple demands Disclosure while SEC seeks protection under DPP

XRP Lawsuit: Ripple demands Disclosure while SEC seeks protection under DPP

The latest twist in the XRP litigation is the final cliffhanger for the SEC’s long-running Deliberative Process Privilege (DPP) argument, which no one anticipated coming. Judge Netburn has directed the parties to file supplementary briefs on the Defendants’ Motion to Compel by December 8, citing a ruling by the United States Court of Appeals on […]

Gensler is hesitant to label cryptocurrencies as securities

Gensler is hesitant to label cryptocurrencies as securities

Gary Gensler, the chairman of the Securities and Exchange Commission, has remained tight-lipped about new crypto token advice. Sen. Pat Toomey, the committee’s top Republican, wrote Gensler a series of follow-up questions on cryptocurrencies after a hearing before the Senate Banking Committee in September. Gensler kept to the broad interpretation of existing statutes and the […]

WisdomTree’s application for spot Bitcoin ETF gets rejected by SEC

WisdomTree's application for spot Bitcoin ETF gets rejected by SEC

The Cboe BZX Exchange argued for approval using the precedents established by CME’s crypto futures products, but the SEC rejected them. After deferring a decision several times this year, the SEC has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF). The SEC denied a requested rule change from the Cboe BZX Exchange […]