President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House
The Executive Office of President Biden opposes legislation allowing financial firms to act as cryptocurrencies custodians, protecting SEC's work and investors. [ more ]
Senate Passes Bill to Overturn SEC Rule on Bitcoin And Crypto Custody, Biden Threatens Veto
Senate passed legislation to overturn SEC's SAB 121, enabling highly regulated financial firms to custody cryptocurrencies despite potential veto by President Biden. [ more ]
Bitcoin's price plummeted by almost 4% following the SEC's approval of the Bitcoin spot ETF.
Factors contributing to the price drop include profit-taking by investors, miners selling their Bitcoins, and outflows from Grayscale Investments. [ more ]
Approval of spot ether ETFs by the SEC did not immediately impact crypto prices, but caused volatility and liquidations in leveraged positions. [ more ]
Ether ETF gets surprise approval from regulators in 'exciting moment' for crypto industry
The SEC approved applications for ether-based ETFs, surprising the industry and potentially signaling a positive outlook for cryptocurrency ETFs in the US market. [ more ]
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SEC Chair strongly opposes crypto-friendly bill ahead of key vote
SEC Chair Gensler opposes FIT21 Act due to concerns about undermining regulation and oversight of investment contracts, especially in the crypto market. [ more ]
BlackRock, Grayscale, Bitwise File Updated 19B Forms in Rush for Ethereum ETF
ETF issuers like BlackRock, Grayscale, and Bitwise are removing staking provisions from their proposed spot ether ETFs to avoid regulatory hurdles. [ more ]
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
The U.S. Senate and House of Representatives voted to repeal the burdensome SEC accounting rule, SAB 121, reflecting a shift in crypto and banking industry opposition. [ more ]
Bitcoin briefly tops $70K as crypto mania sparks another record high
Bitcoin hit a record high above $70,000 boosted by investor demand and expectations of falling global interest rates.
Bitcoin's rally is supported by billions flowing into ETFs, upgrade to ethereum, and upcoming events, but volatility remains a defining feature. [ more ]
Supreme Court turns away Elon Musk's appeal to toss SEC settlement over Tesla tweets
The US Supreme Court declined to hear Elon Musk's appeal regarding a securities fraud settlement, upholding restrictions on his public statements about Tesla. [ more ]
First Mover Americas: What Comes After BTC's Flirt With Record High
Bitcoin reached a record high of over $69,000 before dipping, causing market-wide sell-offs and liquidations.
The SEC's Temporary Restraining Order against Binance.US resulted in significant asset outflows, revenue losses, and mass layoffs at the company. [ more ]
First Mover Americas: Bitcoin Could Drop in the Short Term
Bitcoin traders expect the cryptocurrency to fall more in the coming weeks due to low volatility and a preference for buyers.
A New York judge has ordered Ripple Labs to produce financial statements and information on the institutional sale of XRP tokens at the request of the SEC. [ more ]
Spot Ether ETF Applications Decisions Delayed by SEC
The U.S. SEC has delayed the applications of Grayscale Investments and BlackRock to convert their Ethereum trust products into ETFs.
The SEC has traditionally been opposed to spot crypto ETFs, and it is unclear whether the applications have progressed to the stage of addressing questions from the regulator. [ more ]
The SEC approved 11 Bitcoin spot ETFs, leading to a surge of global investors and marking the crossover between traditional finance and digital assets.
The approval of the Bitcoin ETF is a milestone for the crypto industry, but some early crypto investors still have reservations. [ more ]
Is Cryptocurrency Like Stocks and Bonds? Courts Move Closer to an Answer.
The legal battles between the US Securities and Exchange Commission (SEC) and crypto companies could determine the future of the multitrillion-dollar crypto industry in the US.
The outcome of the lawsuits against crypto exchanges Coinbase and Binance will be key in defining the regulatory framework for digital currencies in the US. [ more ]
Senator: Data broker tracked visits to Planned Parenthood
Pro-life group targeted Planned Parenthood visitors with anti-abortion ads using location data from Near Intelligence.
US Senator Ron Wyden is urging the FTC and SEC to investigate Near and ensure the prompt destruction of all location data it holds on Americans. [ more ]
Biden veto waiting for bill to kill SEC breach report rule
The Biden administration strongly opposes undoing the SEC's data breach reporting rule.
The lack of transparency about cyber incidents is fueling increasing cyberattacks and greater transparency will incentivize corporate executives to invest in cybersecurity. [ more ]
The Morning Ledger: SEC Wants Some Banks to Disclose More on Commercial Real-Estate Exposure
The Securities and Exchange Commission is questioning community and regional banks about their exposure to commercial real estate, as potential losses on the loans could lead to further cut lending.
Banks are facing scrutiny around the effects of the commercial real estate credit crunch, which threatens the financial system. [ more ]