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The discussion for cryptocurrency is getting hotter as the elections draw nearer, and SEC chairman Gary Gensler expresses his apprehension about FIT21. This new legislative document is set to be tabled before U.S. House Representatives tomorrow. Gensler heavily faults FIT21, saying that if implemented, it will sideline SEC and hurt the $100 trillion capital markets…
In a recent address, the Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, shed light on a pressing issue within the realm of cryptocurrency securities. Gensler articulated that certain entities operating in the crypto securities market are endeavoring to circumvent registration mandates. As a result, this maneuver, he underscored results in…
The Securities and Exchange Commission (SEC) chairman voiced concerns about Bitcoin to CNBC recently. However, despite the approval of multiple ETFs for the cryptocurrency, reservations persist about its nature. The regulatory body embraces some facets of the digital asset, therefore indicating a nuanced stance. The chairman emphasizes the need for investors to recognize Bitcoin’s speculative…
Jay Clayton, the former president of the U.S. Securities and Exchange Commission (SEC), resigned recently. However, just days before his resignation, he filed a lawsuit against Ripple in December 2020. In a recent online interview, Clayton shared insights on the agency’s potential approval of Bitcoin spot ETFs this week. Moreover, he expressed his belief that…
In a recent development within the cryptocurrency landscape, BlackRock has made crucial modifications to its Bitcoin ETF application. According to reports, this alteration is purportedly aimed at streamlining the participation of Wall Street banks in the burgeoning Bitcoin market. Enhancing Liquidity through Dollar Liquidity European media entity Market Screener reported that the revised ETF model…
Growing Expectations for Bitcoin ETF Approvals Bloomberg ETF analysts have raised the probability of the United States Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF to nearly 90%. This shift in expectations follows the updates made by Ark Invest and 21Shares to their spot Bitcoin ETF proposals, as per the SEC’s request. Simultaneously,…
Grayscale Investments is a prominent player in cryptocurrency investment. They are making significant strides toward launching a novel ETF. This ETF will track ether futures, reflecting intensified competition among financial firms. They all seek to establish themselves as pioneers in the rapidly evolving realm of cryptocurrency ETFs. An ETF with a Unique Filing On September…
Amid the ongoing scrutiny of Bitcoin (BTC) and cryptocurrencies by the SEC, Chairman Gary Gensler is set to testify tomorrow before the Senate Banking Committee on the topic of “Oversight by the U.S. Securities and Exchange Commission.” Gensler’s Upcoming Testimony Gary Gensler took to Twitter to announce that on September 12, 2023, at 10:00 AM…
SEC’s Verdicts on Spot Bitcoin ETF Applications! According to recent information, the U.S. Securities and Exchange Commission (SEC) has unveiled its decisions regarding the spot Bitcoin exchange-traded fund (ETF) applications filed by WisdomTree, Valkyrie, and Invesco Galaxy earlier this year. The SEC had previously begun reviewing applications from a mix of cryptocurrency-focused and traditional financial…