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US Supreme Court Denies Binance’s Request to Dismiss Class Action Lawsuit
In recent legal proceedings, Binance, one of the leading cryptocurrency exchanges, has found itself in a challenging position regarding the jurisdiction of U.S. securities laws. The firm has consistently argued against the applicability of these laws to its operations, particularly in relation to the transactions involving American investors. However, a recent ruling by a U.S.…
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Franklin Templeton becomes ninth applicant to file for Ethereum ETF
Franklin Templeton Files for Spot Ethereum ETF, Becoming Ninth Applicant Overall Franklin Templeton, a prominent asset manager, has recently joined the growing list of firms seeking to launch an exchange-traded fund (ETF) focused on Ethereum. On February 12, the company submitted its plans in an S-1 registration statement to the U.S. Securities and Exchange Commission…
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Bloomberg advises Bitcoin ETF exchanges and issuers to submit final filings
On January 5th, Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) has directed several participants in the exchange-traded fund (ETF) market to submit updated filings. According to four sources cited by Bloomberg, exchanges and issuers have been instructed by the SEC to provide final versions of their 19b-4 filings by the upcoming Friday.…
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Bitwise survey reveals only 39% of financial advisors anticipate a Bitcoin ETF in the near future
A recent survey conducted by Bitwise revealed that a majority of financial advisors do not anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the coming year. The survey’s findings indicate that most professionals in the field lack confidence in the near-term approval of such a fund by the U.S. Securities and Exchange…
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SEC acknowledges misrepresentation of facts in case against cryptocurrency company Debt BOX
The U.S. Securities and Exchange Commission (SEC) recently made a surprising admission of inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm that has been accused of engaging in significant fraud. The SEC is alleging that Debt BOX played a part in defrauding investors of nearly $50 million. While the essential allegations…
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SEC rejects Coinbase’s request for updated regulations on cryptocurrency assets
On December 15, the U.S. Securities and Exchange Commission (SEC) made an important decision regarding the cryptocurrency exchange Coinbase’s request for the development of new rules for digital asset securities. In a response letter to Coinbase, the SEC stated that it deemed the requested rulemaking to be currently unwarranted and subsequently denied the petition. Coinbase’s…
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Gary Gensler Disregards Crypto’s Role in Capital Markets as He Addresses Bitcoin ETF Queries
In a recent conversation with Bloomberg, the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, expressed his skepticism towards spot Bitcoin exchange-traded funds (ETFs). Gensler’s remarks came at a time when the SEC is introducing new regulations aimed at minimizing risk in the U.S. Treasury market. According to Reuters, these rules will…
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The SEC Notifies Court Richard Heart Lawsuit Has Been Served
Richard Heart, the founder of blockchain projects PulseChain and HEX, has recently been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on October 31st. The lawsuit accuses Heart of engaging in fraudulent activities and conducting unregistered securities sales. The SEC provided details of the lawsuit in a filing on December 11th,…
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SEC Releases Fresh Investor Alert Regarding Cryptocurrencies
In a recurring advisory issued today, the U.S. Securities and Exchange Commission (SEC), through its Office of Investor Education and Advocacy, has once again emphasized the significant risks associated with investing in crypto asset securities. The warning, echoing previous alerts, highlights the ongoing speculative and volatile nature of such investments, underscoring the substantial risk of…
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VanEck Embraces Crypto Culture, Introduces ‘HODL’ Ticker for Proposed Bitcoin ETF
Asset managers Fidelity and VanEck have recently revealed the tickers for their spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The ticker for VanEck’s Bitcoin ETF has been disclosed to be “HODL,” as stated in an updated filing submitted to the SEC. The choice of the ticker “HODL”…
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Terraform Labs claims SEC’s alleged misrepresentations in DEBT box case as grounds for summary judgment
Terraform Labs Requests Summary Judgment in SEC Lawsuit, Citing Misrepresentations in DEBT Box Case Terraform Labs, a prominent blockchain company, has requested a summary judgment in the ongoing lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The request, made on December 4, 2023, argues that the SEC has misrepresented facts in…
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Bitwise and BlackRock Amend Filings in Quest for First U.S. Bitcoin ETF
Bitwise and BlackRock, two prominent asset management firms, are making significant progress in their pursuit of offering a spot Bitcoin exchange-traded fund (ETF). Both companies have recently submitted amended filings to securities regulators, signaling their determination to bring the first U.S. spot Bitcoin ETF to the market. Bitwise, in an effort to comply with regulatory…
