To IPO or Not to IPO? SPAC is the question
An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger. Go to Source Powered by WPeMatico
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Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?
BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons. Go to Source Powered by WPeMatico
Thailand to target DeFi in latest regulatory clampdown
A new DeFi yield farming platform in Thailand has rattled regulators. Go to Source Powered by WPeMatico
Court denies SEC access to Ripple’s legal advice
Ripple’s legal battle with U.S. regulators continues. Go to Source Powered by WPeMatico
Fund Manager Wisdomtree Files With SEC to List Ethereum ETF on Cboe BZX
The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment objective is to gain exposure to the price of ether.” Wisdomtree Follows Vaneck’s Lead … Read more
SEC Urges Congress to Pass Cryptocurrency Legislation to Protect Investors
The U.S. Securities and Exchange Commission (SEC) has urged Congress to pass cryptocurrency legislation to protect investors, the new SEC chairman has revealed. The securities regulator is also working with the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury Department to combat criminal activity facilitated by cryptocurrencies, the chairman noted. SEC Working With CFTC, … Read more
SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications
Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month. Go to Source Powered by WPeMatico
US SEC wants to work with Congress to regulate crypto exchanges
SEC head Gary Gensler said that the authority spends only $325 million a year on tech, which is less than some industry players spend in two weeks. Go to Source Powered by WPeMatico
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings of crypto assets. Biden Administration Discussing Crypto Regulation The Biden administration, lawmakers, and central … Read more
Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF
On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE). One River’s Bitcoin ETF Aims to Provide a … Read more