U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale’s court win over the agency.
Representatives of the company are answering questions from two divisions of the U.S. Securities and Exchange Commission in the wake of Grayscale’s court win over the agency.
Bitcoin’s recent strong performance at least in part is due to optimism regarding the imminent launch of multiple spot ETF products.
The request follows a move by Kwon’s defense team to do the same.
The bitcoin derivatives market shows signs of overheating, one observer noted.
Hashdex’s decision to use CME, a regulated exchange, per the SEC’s requirement of a surveillance-sharing agreement (SSA), might set it apart from the group.
Even if the agency is forced by the GAO finding to submit its Staff Accounting Bulletin 121 to Congress for review, lawmakers probably won’t strangle the policy, according to experts.
The team bought luxury cars and homes with funds that they told investors were “locked,” according to the regulator.
The crypto rally was broad, as all CoinDesk sector indexes posted 7% to 32% advances.
The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator’s accusations that Do Kwon and his company engaged in a multi-billion-dollar securities fraud.
Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.