Billionaire celebrity investor Mark Cuban says the U.S. Securities and Exchange Commission’s (SEC) hostile approach to crypto could be a drawback to President Joe Biden’s bid to be re-elected. In a new interview with Coinbase chief legal officer Paul Grewal, Cuban says the US crypto community is facing problems that do not exist in other […]
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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated to lawmakers that he expects spot ethereum exchange-traded funds (ETFs) to launch this summer. The SEC is still working with fund issuers on their S-1 filings, which must be declared effective before the spot ether ETFs can launch. Gary Gensler Answers Crypto Questions The […]Mark Cuban criticizes SEC Chair Gary Gensler, warning that his stance on crypto could cost Biden the White House.
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The Chairman of the U.S. Securities and Exchange Commission (SEC) says that Ethereum (ETH)-based exchange-traded products (ETFs) should be approved by the regulatory agency by the end of the summer. Speaking at a recent US Senate hearing, SEC Chair Gary Gensler says that while the SEC partially approved Ethereum ETFs earlier this year, they won’t […]
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SkyBridge Capital founder Anthony Scaramucci believes President Joe Biden will pander to the crypto industry even if it’s against the wishes of Securities and Exchange Commission (SEC) Chair Gary Gensler. In a new interview with the independent journalist David Lin, Scaramucci says Biden is starting to soften his stance on Bitcoin and crypto following the […]
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“It’s really up to them how responsive they are,” said SEC Chair Gary Gensler.
The approval of United States spot Ether (ETH) exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.
Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.
On May 23, the SEC approved eight 19b-4 filings to list spot Ether ETFs on various U.S. exchanges, though they can’t start trading until they have the required S-1 registration statement approvals.
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has stated that spot ethereum exchange-traded funds (ETFs) “will take some time” to commence trading, highlighting the necessity for a thorough disclosure process. Additionally, Gensler emphasized the lack of proper disclosure provided by crypto exchanges to investors. Spot Ether ETFs ‘Will Take Some Time’ The chairman […]
The Chair of the U.S. Securities and Exchange Commission (SEC) says that crypto exchanges are doing what the New York Stock Exchange (NYSE) would never be allowed to do. In a new interview on CNBC’s Squawk Box, SEC Chair Gary Gensler says that crypto exchange platforms are not giving investors the proper disclosures required by […]
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The SEC Chair spoke on CNBC on June 5, suggesting the commission could delay approving S-1 registration statements for exchanges listing spot Ether ETFs.
United States Securities and Exchange Commission (SEC) Chair Gary Gensler has suggested that there might be a delay over final approvals for asset managers offering spot Ether (ETH) exchange-traded funds (ETFs) on exchanges.
In a June 5 interview on CNBC, Gensler said the next steps on the SEC’s approval of spot Ether (ETH) ETFs will “take some time,” hinting at the commission delaying or moving slowly on signing off on S-1 registration statements. On May 23, the SEC gave the green light to 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise. However, final approvals that would allow the listing and trading of ETFs on U.S. exchanges could take months.
The SEC chair added in the interview that cryptocurrency firms were engaging in activities that laws didn’t allow traditional exchanges to do, suggesting that the commission’s position on enforcement actions was unlikely to change under Gensler. The financial regulator has filed lawsuits against Ripple, Coinbase, Binance and Kraken. However, it has also been forced to close one of its regional offices after a Utah judge ordered the SEC to pay $1.8 million over “bad faith conduct” in court.
Former President Donald Trump is continuing to express his support for the crypto industry, saying that he will protect the right of 50 million Americans to self-custody digital assets. Speaking to his supporters in Washington D.C., the 2024 Republican candidate says that he’s going to “crush” the Biden Administration’s anti-crypto stance. Trump goes on to […]
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