Category: SEC

Wyoming-based DAO files S-1 with SEC for token distribution

Wyoming-based DAO files S-1 with SEC for token distribution

A decentralized autonomous organization (DAO) out of Wyoming is looking to register with the Securities and Exchange Commission (SEC) as a public company, according to a new S-1 filed with the agency. DAOs are leadership structures for grassroots economies run on the blockchain, and can contain secondary markets for exchanging governance tokens that members use […]

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Fidelity Urges The SEC to Greenlight Its Bitcoin ETF Application

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational […]

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Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Securities and Exchange Commission chairman Gary Gensler indicated Tuesday that crypto lending and staking platforms that hold custody of user funds could fall under U.S. securities laws and, as a result, his agency’s oversight. Following a hearing before the Senate Banking Committee, Gensler told The Block that Congress in its 1933 Securities Act and 1934 […]

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Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Last week’s crypto price plunge and subsequent crypto exchange failures illustrate need for SEC to regulate crypto exchanges, says Senator Elizabeth Warren. Gary Gensler, chairman of the Securities and Exchange Commission, appeared before the Senate Banking Committee on Tuesday morning to give testimony on the SEC’s work. Cryptocurrency was a leading subject, which Gensler anticipated […]

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Senator Elizabeth Warren Takes a Jibe at Crypto Ecosystem’s Unpredictable Gas Fees

Senator Elizabeth Warren (D-MA), known for her skepticism of the digital currency ecosystem has taken new jibes at the cryptocurrency industry, citing a number of inconsistencies that make the nascent digital trading world unhealthy for the average investor. Speaking in a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs with Securities […]

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Before Senate, Chair Gensler will argue that many crypto trading platforms need to register with SEC

Before Senate, Chair Gensler will argue that many crypto trading platforms need to register with SEC

Gary Gensler, chairman of the Securities and Exchange Commission, will appear before a Senate committee Tuesday, where he plans to reiterate his belief that many major cryptocurrency exchanges need to register as securities exchanges.  In opening remarks released by the Senate Banking Committee, Gensler says:  “Many platforms have dozens or hundreds of tokens on them. […]

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Cathie Wood’s Ark Invest to Buy Canadian Bitcoin ETFs

Cathie Wood’s Ark Invest has filed to change the allowance in its prospectus to permit one of its funds, the ARK Next Generation Internet ETF (ticker ARKW), to gain exposure to digital currencies through “exchange-traded funds domiciled in Canada.” This move marks a whole new opportunity being sought by Ark Invest to bolster its cryptocurrency […]

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SEC Charges Rivetz Corp CEO Over a $18 Million Fraudulent ICO

The United States Securities and Exchange Commission (SEC) continues with its efforts to clamp down on illegal initial coin offerings. This trend started a couple of years back when ICOs were at their prime but has steadily escalated in 2020 and 2021. SEC Charges Rivetz Corp CEO for $18 Million According to an official litigation […]

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Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs

Grayscale’s BCH, LTC, ETC Trusts Now One Step Closer to Becoming ETFs

On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange Commission (SEC) in order to become SEC reporting companies. The three trusts include individual crypto asset products such as the bitcoin cash trust, the litecoin […]

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