Bookmarking Crypto Insights
Auto Added by WPeMatico
The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining firms, as well as up to 5% in the securities of pooled investment vehicles in the U.S. that hold BTC. Go to Source Powered by WPeMatico
Jay Clayton said that cryptocurrencies have numerous purposes and are connected to a variety of industries, and the SEC should be in charge of regulating only those sectors that are linked to it. Go to Source Powered by WPeMatico
“The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest,” said two SEC commissioners. Go to Source Powered by WPeMatico
The cryptocurrency exchange Coinbase has revealed that it has made decentralized finance (defi) more accessible by giving Coinbase customers from over 70 countries access to earning yield on the stablecoin DAI. Coinbase claims the process is simple with “no fees, lockups, or set-up hassle,” as the firm believes “defi has tremendous potential to help increase … Read more
U.S. Bank launched crypto custody services for institutional investors in October as part of a partnership with New York Digital Investment Group. Go to Source Powered by WPeMatico
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Go to Source Powered by WPeMatico
The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire. Go to Source Powered by WPeMatico
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending … Read more
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated nearly all of the investor funds that were raised.” Two Fraudulent Crypto Schemes The SEC announced Thursday that it … Read more
“Chairman Gensler’s failure to provide clear rules of the road for cryptocurrencies underscores the need for Congress to act,” said Senator Pat Toomey. Go to Source Powered by WPeMatico
