Sen. Elizabeth Warren’s recent remarks against the cryptocurrency industry have garnered significant backlash from the crypto community. In a post on X (formerly Twitter), Sen. Warren referenced a report from the U.S. Government Accountability Office (GAO) that alleged the use of cryptocurrency by “rogue nations” to evade sanctions and pose threats to national security. However,
Regulation
The U.S. Securities and Exchange Commission (SEC) has recently taken a step towards expanding options trading on Bitcoin exchange-traded funds (ETFs). In two separate notices, the SEC sought comments on proposals that would allow Nasdaq and Cboe Exchange Inc. to list and trade options on various Bitcoin ETFs. This move could open up new investment
The U.S. Securities and Exchange Commission (SEC) has announced that it will be delaying its decision on Fidelity’s proposed spot Ethereum Exchange-Traded Fund (ETF). This decision revolves around a proposed rule change that would allow Cboe BZX to list and trade the shares of Fidelity’s planned fund. Originally filed on November 17, 2023, and published
In a court hearing on January 17th between Coinbase and the U.S. Securities and Exchange Commission (SEC), the focus was on the SEC’s charges against Coinbase for allegedly operating an unregistered national securities exchange, broker, and clearing agency, as well as engaging in unregistered sale and offering of securities through its crypto staking service. While
Over the past few years, the rise of cryptocurrencies has brought about several innovations, one of which is cryptocurrency mixers. These mixers, also known as tumblers, were initially designed to protect the privacy of users with significant funds. However, the increasing exploitation of mixers for illicit financial activities has raised concerns among financial authorities in
The trial against Terraform Labs and its former top executive has been delayed by the U.S. Securities and Exchange Commission (SEC), according to Reuters. This delay comes as a result of Terraform Labs’ co-founder, Do Kwon, expressing his intention to attend the trial. Kwon has agreed to extradition from Montenegro and could potentially arrive in
South Korea’s Financial Services Commission (FSC) recently expressed concerns about domestic securities firms brokering overseas-listed Bitcoin spot exchange-traded funds (ETFs), suggesting that these firms might be violating local laws. The FSC acknowledged that the country is working on creating a regulatory framework for the emerging crypto industry, but cautioned that brokerage services for these foreign
Grayscale made a bold move on January 11th by submitting a filing for a Bitcoin covered call ETF. The filing, observed through external reports and a statement from Grayscale CEO Michael Sonnenshein to Reuters, signifies the company’s dedication to expanding and improving their product offerings. Sonnenshein emphasized that the filing should be seen as a
The United States Securities and Exchange Commission (SEC) has granted approval for Grayscale’s spot Bitcoin ETF proposal, marking a significant milestone for both Grayscale and the potential of cryptocurrencies to revolutionize our future. The CEO of Grayscale, Michael Sonnenshein, expressed his gratitude towards GBTC investors and acknowledged the tireless efforts of Grayscale and its partners
A comprehensive report titled “Decentralized Finance” has been released by the CFTC’s Digital Assets and Blockchain Technology Subcommittee. The report sheds light on the risks and challenges inherent in the rapidly growing field of Decentralized Finance (DeFi). Spearheaded by CFTC Commissioner Christy Goldsmith Romero, the report raises critical concerns regarding the lack of clear responsibility
