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SEC Allocating ‘Grossly Disproportionate’ Amount of Resources to Crypto, Says Lawyer Jake Chervinsky

SEC Allocating ‘Grossly Disproportionate’ Amount of Resources to Crypto, Says Lawyer Jake Chervinsky

Digital asset legal expert Jake Chervinsky thinks the U.S. Securities and Exchange Commission (SEC) is allocating a “grossly disproportionate” amount of resources toward regulating crypto. Chervinsky, the chief legal officer at the crypto fund Variant, blasted the SEC for recently sending out a Wells Notice to Robinhood’s crypto trading arm. A Wells Notice is a […]

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Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why

Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why

Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry. In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be […]

The post Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why appeared first on The Daily Hodl.

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Blockchain Association and Texas-Based Group Sue SEC Over Rule That ‘Threatens American Industry and Innovation’

Blockchain Association and Texas-Based Group Sue SEC Over Rule That ‘Threatens American Industry and Innovation’

The Crypto Freedom Alliance of Texas (CFAT) is teaming up with the Blockchain Association (BA) to file a lawsuit against the U.S. Securities and Exchange Commission (SEC). According to a new press release from the Blockchain Association, the two groups have filed a suit against the SEC in a North Texas court. The suit focuses on the […]

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Ripple To File Response to SEC’s $2,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO

Ripple To File Response to SEC’s ,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO

Ripple’s chief legal officer (CLO) Stuart Alderoty says the payments company is taking action in response to a court filing submitted by the U.S. Securities and Exchange Commission (SEC) last month. In a Motion for Remedies and Entry of Final Judgment filed on March 25th, the SEC requested the US District Court for the Southern […]

The post Ripple To File Response to SEC’s $2,000,000,000 Penalty Request Within a Week, Says the Payments Firm’s CLO appeared first on The Daily Hodl.

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Hester Peirce Slams SEC, Says Productive Interactions Between Regulator and Public ‘Few and Far Between’

Hester Peirce Slams SEC, Says Productive Interactions Between Regulator and Public ‘Few and Far Between’

U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce criticizes the agency for making little public engagement. During a speech, Peirce says that those who approach the securities watchdog with their concerns more often fail to get the response that they need. “Productive interactions with the SEC are fewer and further between than they were […]

The post Hester Peirce Slams SEC, Says Productive Interactions Between Regulator and Public ‘Few and Far Between’ appeared first on The Daily Hodl.

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Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design

Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s DesignConsensys has told the U.S. Securities and Exchange Commission that Ethereum’s proof of stake implementation “meets and even exceeds the security of Bitcoin’s Proof of Work (PoW).” The blockchain software company said the commission should recognize the advanced safeguards inherent in Ethereum’s design which exceed the “security and resilience safeguards underlying bitcoin-based exchange-traded products.” The […]

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Grayscale Optimistic That Spot Ethereum ETFs Will Be Approved Amid ‘Lack of SEC Engagement’

Grayscale Optimistic That Spot Ethereum ETFs Will Be Approved Amid ‘Lack of SEC Engagement’

Grayscale’s chief legal officer still believes the U.S. Securities and Exchange Commission (SEC) could greenlight spot Ethereum (ETH) exchange-traded funds (ETFs). Craig Salm says the Ethereum ETFs “should be approved” and notes that he’s not deterred by the negative chatter surrounding the proposed financial products. He also says the SEC’s perceived lack of engagement on […]

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Crypto Betting Site Polymarket Sees 88% Chance That Bitcoin Spot ETF Approved by January 15th

Crypto Betting Site Polymarket Sees 88% Chance That Bitcoin Spot ETF Approved by January 15th

A crypto gambling website foresees a high probability that a spot Bitcoin (BTC) exchange-traded fund (ETF) will be approved by mid-January. According to the crypto betting site Polymarket, there are 88% odds that the U.S. Securities and Exchange Commission (SEC) will approve a BTC spot ETF by January 15, 2024. According to a recent report by Reuters, […]

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US SEC ‘Taking a New Look’ at Spot Bitcoin ETF Applications Based on Recent Court Rulings: Gary Gensler

US SEC ‘Taking a New Look’ at Spot Bitcoin ETF Applications Based on Recent Court Rulings: Gary Gensler

U.S. Securities and Exchange Commission Chairman Gary Gensler says the SEC is taking a new look at spot Bitcoin (BTC) exchange-traded funds (ETFs) in light of recent court rulings. In a recent interview with CNBC, Gensler spoke about the raft of pending BTC ETF applications being reviewed by the SEC. “I’m a chair of a […]

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Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing

Just days after BlackRock filed for the iShares Ethereum Trust, asset management firm Fidelity has submitted an application for its own Ethereum exchange-traded fund (ETF).

Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF).

In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange.  

"According to the Registration Statement, each Share will represent a fractional undivided beneficial interest in the Trust’s net assets. The Trust’s assets will consist of ETH held by the Custodian on behalf of the Trust."

This comes after recent news that BlackRock officially filed for a spot Ether ETF, the iShares Ethereum Trust, with the SEC on Nov. 16.

BlackRock's filing comes nearly a week after it registered the iShares Ethereum Trust with Delaware’s Division of Corporations and almost six months after it filed its spot Bitcoin ETF application.

This is a developing story, and further information will be added as it becomes available.

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