Bitcoin (BTC) shattered the $100,000 milestone for the first time after President-elect Donald Trump announced his new pick to chair the U.S. Securities and Exchange Commission (SEC). According to a new report by AP News, Trump has picked former SEC Commissioner and current Patomak Partners chief executive Paul Atkins to head the regulatory agency. As […]
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Spot Ether ETFs saw about $225 million in net inflows over four recent trading days, which was $190 million more than the spot Bitcoin ETFs.
Ether exchange-traded funds (ETFs) have seen more money from investors than their Bitcoin counterparts since Nov. 22, as Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in a US court this week.
Spot Ether ETFs took in $224.9 million in net inflows over the four trading days between Nov. 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows due mainly to a heavy day of outflows on Nov. 25, Farside Investors data showed.
This followed an almost 8% Ether (ETH) price rally to more than $3,590 over the past seven days.
The chief legal officer at Ripple Labs is coming down hard on the U.S. Securities and Exchange Commission (SEC) over what he perceives as the agency bragging. According to a new post on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is looking at its year-in-review incorrectly. Says Alderoty, “The SEC […]
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Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.
Asset manager Hashdex has submitted its second amended application for a proposed exchange-traded fund (ETF) designed as a one-stop-shop cryptocurrency portfolio, according to a Nov. 25 regulatory filing.
The revised filing signals continued progress for the crypto index ETF with the Securities and Exchange Commission (SEC), the United States’ top financial regulator.
Hashdex filed its first amended S-1 in October after the SEC asked for more time to reach a decision on whether to authorize the ETF for trading.
Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.
The United States Securities and Exchange Commission hit a new record for penalties and fines from its enforcement actions in the fiscal year 2024 — due mainly to a massive settlement with crypto firm Terraform Labs.
The agency net $8.2 billion in financial remedies for the year ending Sept. 30 — “the highest amount in SEC history,” it said in its Nov. 22 annual report — despite the number of cases declining 26% from last year to 583.
Over half of the total came from the SEC’s court win against Terraform and former CEO Do Kwon, who paid a $4.47 billion settlement after being found liable for fraud over its blockchain ecosystem’s collapse in 2022 that wiped billions of dollars.
President-elect Donald Trump’s possible pick for Chair of the U.S. Securities and Exchange Commission (SEC) is reportedly planning to make the nation a global leader in crypto. According to a new report by Fox Business, Trump’s potential pick – current SEC Commissioner Mark Uyeda – says that he would overhaul how the government views the […]
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Distributed ledger technology can help solve longstanding challenges in US financial markets, the report says.
The Commodity Futures Trading Commission (CFTC) has endorsed using blockchain technology to manage trading collateral in United States derivatives markets, according to a Nov. 21 report by the CFTC’s Global Markets Advisory Committee.
Blockchain technologies — including distributed ledgers and tokenization — can address longstanding challenges for traditional derivatives exchanges and expand the variety of assets available to collateral trades, the report said.
“All over the world, there have been successful and proven commercial use cases for tokenization of assets,” CFTC Commissioner Caroline D. Pham said in a statement, adding:
Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.
On Nov. 22, United States Securities and Exchange Commission (SEC) Chair Gery Gensler announced that he will step down from his position on Jan. 20.
He is widely regarded as one of the most “anti-crypto” SEC chairs in history, and crypto users are celebrating his departure on X.
However, the new pick for SEC Chair will face scrutiny in the US Senate, which must confirm any nominee.
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is leaving the regulatory agency after nearly four years in office, paving the way for an immediate replacement by President-elect Donald Trump. The SEC became known for regulating through enforcement under Gensler’s leadership. During Gensler’s term, the securities watchdog launched high-profile enforcement actions against many crypto […]
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Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, is set to step down on January 20, 2025. Gensler Exits Before Trump Takes Office U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down on Jan. 20, 2025, paving the way for President-elect Donald Trump’s nominee. Gensler’s departure ends a tenure marked […]