The SEC once again refuses a Spot Bitcoin ETF
Although saying yes to futures-based ETF, the Securities and Exchange Commission (SEC) has maintained its stance on Spot Bitcoin ETF (exchange-traded fund) which is clearly NO. Representative Tom Emmer of Minnesota shared a letter from US Securities and Exchange Commission Chairman Gary Gensler on Twitter, in which the latter explains why the SEC has refused […]
SEC charges BlockFi with a $100 million fine for failure to comply with regulatory law
The SEC has charged crypto lending business BlockFi with a $100M penalty for failing to register high-yield interest accounts that the agency considers securities. The penalty also requires the business to stop onboarding new customers to its unregistered service, BlockFi Interest Accounts. The Securities and Exchange Commission, or SEC, took action against crypto lending business […]
Minnesota Congressman Criticizes SEC for Rejecting Fidelity’s Bitcoin ETF
Following recent rejection of Fidelity’s Spot Bitcoin ETF application by SEC, Minnesota Congressman Tom Emmer slams SEC. Minnesota Representative Tom Emmer has chastised the Securities and Exchange Commission for rejecting Fidelity’s Wise Origin Bitcoin Trust’s proposal for a spot Bitcoin exchange-traded fund, which was originally filed in March. Another day, another baseless rejection of a […]
Valkyrie applies to the SEC to list its Bitcoin Miners ETF on Nasdaq
According to Valkyrie, the Bitcoin Miners ETF will have a 0.75% management fee and will invest in both domestic and international companies. Valkyrie, a crypto asset management, has applied to the Securities and Exchange Commission (SEC) in the United States to establish an exchange-traded fund (ETF) that invests in bitcoin mining firms on Nasdaq. According […]
Federal Judge grants Ripple access to emails regarding SEC Ethereum speech
On Thursday, a Federal Judge ruled in favour of Ripple in an ongoing lawsuit , stating that the SEC disclose emails concerning a speech in which a former official William Hinman concluded Ethereum is not a security. A federal judge ruled on Thursday that the Securities and Exchange Commission cannot argue that emails relating to a […]