SEC delays decisions on Bitwise and Grayscale’s Bitcoin ETFs
The SEC now expects to decide whether to approve or disapprove Bitwise and Grayscale’s Bitcoin exchange-traded offerings in early February. Go to Source Powered by WPeMatico
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Social network Reddit reveals plans to go public
After months of speculation, the popular social media site Reddit has finally announced that it is filing for an initial public offering (IPO). Go to Source Powered by WPeMatico
Valkyrie’s latest ETF offering has exposure to Bitcoin
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
‘I’m a huge believer in crypto technology,’ says former US SEC chair
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
SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce
“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
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
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
WisdomTree amends Bitcoin ETF application, naming US Bank as custodian
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
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
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
Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6
The Securities and Exchange Commission’s continued resistance to spot Bitcoin ETFs draws industry players’ ire. Go to Source Powered by WPeMatico
SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
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