#sec
#sec

The Crypto Lawsuit State of Play

Crypto companies are engaging in preemptive litigation against the SEC to address regulatory concerns. [ more ]

Coindesk

Consensys, a Target for the SEC's Assault on ETH, Is Fighting Back

Consensys and other crypto companies are pushing back against what they perceive as overzealous regulatory actions, with lawsuits and challenges being pursued. [ more ]

Coindesk

SEC's Gensler Says Crypto Firms Skip Public Disclosures by Dodging Registration

Crypto industry faces scrutiny by SEC for noncompliance with disclosure requirements.

SEC Chairman Gensler emphasizes the need for crypto platforms to register to ensure mandatory disclosure. [ more ]

Coindesk

Why the SEC Shouldn't Classify ETH as a Security

The SEC is considering classifying ether (ETH) as a security, which could impact the crypto industry.

SEC Chair Gensler indicated that proof-of-stake chains may be viewed as securities, potentially including ETH. [ more ]

ReadWrite

SEC could sue Robinhood as security violation investigation continues

SEC investigating Robinhood Markets for potential securities violations related to its cryptocurrency operations. [ more ]

State of the Planet

6 days ago

The Impact of Stalling the SEC Climate Disclosure Rule

Stalling the SEC's Climate Disclosure Rule impacts America's role in global regulation. [ more ]

moreBusiness

Ars Technica

1 day ago

New SEC requirements give institutions 30 days to disclose security incidents

SEC mandates disclosure of security breaches by financial institutions within 30 days to protect customer data. [ more ]

Theregister

morePrivacy professionals

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 ]

blackrock

ReadWrite

BlackRock's Bitcoin ETF sees first day without inflows

BlackRock's iShares Bitcoin Trust (IBIT) experienced its first day without inflows since the US Bitcoin ETFs were introduced in January. [ more ]

Coindesk

BlackRock's Fink Says an Ether ETF Is Possible Even if ETH Is a Security

An ether ETF might still be possible even if the SEC deems it a security, according to BlackRock CEO Larry Fink.

Fink expressed optimism about the potential for listing an ETF that holds Ethereum's ether, despite regulatory scrutiny. [ more ]

Coindesk

Franklin Templeton Joins Ethereum ETF Race

Franklin Templeton has applied for an Ethereum ETF with the SEC.

Other asset managers such as BlackRock and Fidelity have also submitted ETF applications recently. [ more ]

Coindesk

Crypto for Advisors: Are ETH ETFs Coming?

Spot Ether ETF approval likely imminent despite recent market skepticism.

Main arguments for and against Spot Ether ETF approval being debated as May 23 SEC decision approaches. [ more ]

Coindesk

SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned

First Trust and SkyBridge abandon bitcoin ETF application after initial rejection in January 2022.

BlackRock's successful bitcoin ETF approval might have influenced First Trust and SkyBridge's decision not to reapply. [ more ]

ReadWrite

SEC delays decision on Bitcoin trading options for ETFs

SEC delays decision on Bitcoin ETF options

Options on ETFs provide leverage for directional bets on the market [ more ]

Entrepreneur

U.S court finds Terraform Labs guilty of defrauding crypto investors | Entrepreneur

Terraform Labs and co-founder found liable for defrauding crypto investors after a two-year saga.

SEC's Division of Enforcement pleased with jury verdict holding Terraform Labs and Do Kwon accountable for crypto fraud. [ more ]

ReadWrite

Coinbase pitched Grayscale's ETH ETF to the SEC, filings show

Coinbase met with SEC to discuss Grayscale's Ethereum ETF proposal

Coinbase emphasized surveillance agreements to prevent market manipulation [ more ]

Coindesk

ETH ETFs Are Inevitable - But When?

The SEC is expected to reject an ETH-based ETF by May

Approval for an ETH ETF is more complex than with bitcoin ETFs [ more ]

moremarket-manipulation

Dealbreaker

Gary Gensler Caves On Climate

SEC Chairman welcome legal challenges on climate disclosure rules

The approved climate disclosure rule is weaker than the earlier draft, excluding Scope 3 emissions reporting. [ more ]

Above the Law

Finance Docket: Is Everything Insider Trading?

Insider trading definition has evolved over time.

Authorities have broadened the scope of what constitutes insider trading. [ more ]

Dealbreaker

Material Non-Public Information About One Company Is Material Non-Public Information About All Companies

Insider trading is illegal despite lack of a specific law against it

SEC is pushing the boundaries in defining insider trading by arguing for 'shadow insider trading' [ more ]

Coindesk

The Catch-22 of U.S. Crypto Regulation

Crypto regulation is a Catch-22 with contradictory rules and requirements.

Registering with the SEC for crypto compliance is not as straightforward as portrayed. [ more ]

The New Yorker

The Rural Ski Slope Caught Up in an International Scam

A federal program intended for remote parts of the country was plagued by fraud.

The Jay Peak ski resort manager and his business partner were accused of committing fraud. [ more ]

Createsend

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 ]

crypto-industry

Coindesk

Ether's Prometheum Test

The cryptocurrency industry has long complained about a lack of legal clarity from regulators regarding digital assets.

Prometheum's decision to custody ETH as its first digital asset raises questions about compliance with the SEC and the classification of ether. [ more ]

Coindesk

Crypto for Advisors: The Regulators are Here

The SEC approved 11 spot bitcoin ETFs, leading to record-breaking Day 1 trades of over $4.6B.

Regulatory scrutiny and enforcement in the crypto industry have increased, leading to the maturation of the industry and more cautious projects. [ more ]

morecrypto-industry

bitcoin-etf

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

Bitcoin ETF: A Decade Of Struggle For Legitimacy

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 ]

Coindesk

Global X Pulls Out of Spot Bitcoin ETF Application

Global X has withdrawn its application for a spot bitcoin ETF on Cboe BZX Exchange.

BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund are leading the race in terms of total flows for ETFs. [ more ]

Coindesk

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 ]

morebitcoin-etf

etf

London Business News | Londonlovesbusiness.com

What could happen to ETF this year?

The SEC could approve the Ethereum Spot ETF by 2024, marking the second cryptocurrency listing on the New York exchange.

The approval of the Ethereum ETF is expected to boost Ethereum's price and generate renewed investor interest. [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin falls to move from ETF to cash

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 ]

Coindesk

Why 2024 Will Be Bitcoin's Year

SEC approval for a spot bitcoin ETF could lead to higher liquidity and price stability in bitcoin.

Bitcoin's next halving event in April 2024 is expected to increase scarcity and historically has led to significant increases in BTC price. [ more ]

english.elpais.com

New bitcoin exchange-traded funds: Can the cryptocurrency break the $100,000 ceiling?

The SEC has approved a spot bitcoin ETF, allowing asset managers to start listing these funds.

The approval of the bitcoin ETF could potentially lead to a market worth $100 billion in the near future. [ more ]

moreetf

Theregister

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 ]

CyberScoop

A tangled mess: Government rules for social media security lack clarity

The SEC's social media account was hacked, leading to a false announcement about a bitcoin exchange-traded fund (ETF).

The incident raises concerns about the lack of cybersecurity measures on government social media accounts. [ more ]

www.fastcompany.com

SIM swapping: the simple way that hackers took over the SEC's X Account

The SEC's Twitter account was hacked and a false announcement about approving bitcoin ETFs was posted, causing a temporary spike in the price of bitcoin.

The hackers used a relatively simple scam called SIM swapping to gain access to the SEC's Twitter account and post the fraudulent announcement. [ more ]

ComputerWeekly.com

morePrivacy professionals

SEC bitcoin hack was result of SIM-swapping | Computer Weekly

The recent cyber attack on the US SEC that resulted in misinformation being posted on its social media channels was a SIM-swapping attack.

The attackers caused significant market fluctuations by falsely announcing the SEC's approval of bitcoin ETFs. [ more ]

Above the Law

Morning Docket: 01.26.24

Rudy Giuliani raises $1 million for legal defense

SEC decides SPACs cannot avoid regulation [ more ]

Dealbreaker

Bank That Made $50 Billion Last Year Pays $18 Million For Making Clients It Paid A Few Thousand Dollars Keep Schtum

JPMorgan Chase has been found to have violated whistleblower protection laws.

The bank had illegal confidentiality agreements that prohibited clients from reporting violations to regulators. [ more ]

blackrock

Coindesk

Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs

Vanguard is preventing customers from buying bitcoin ETFs like IBIT and GBTC through its retirement brokerage accounts.

Vanguard spokesperson stated that the company has no plans to permit buying of bitcoin ETFs, citing their high volatility. [ more ]

Coindesk

BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks

The SEC's approval of spot bitcoin ETFs in the U.S. may result in the largest influx of funds into a specific ETF on its first day of trading.

The iShares Bitcoin Trust (IBIT) from BlackRock could attract as much as $3 billion in inflows on its debut, setting a record for ETF history.

The approval of spot bitcoin ETFs opens up the opportunity for any investor to gain exposure to bitcoin without needing to go through a crypto exchange. [ more ]

moreblackrock

Ars Technica

SEC crypto crackdown continues with Robinhood as lawsuit looms

SEC may potentially sue Robinhood Markets over alleged securities violations in its crypto unit. [ more ]

Coindesk

Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure

BTC down 1.5%, Solana (SOL) and XRP up. Robinhood warned by SEC. BTC target of $92,000. Crypto rally paused.

Renewed bitcoin call options for higher prices. Speculations about Chinese investors accessing Hong Kong-listed bitcoin and ether ETFs. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

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 ]

Coindesk

Robinhood Wells Notice Shouldn't Deter Eventual Approval of an Ether Spot ETF: JPMorgan

The SEC's legal actions against crypto exchanges are perceived as a way to influence policy makers and legislators. [ more ]

New York Post

Robinhood warns feds could penalize firm over crypto tokens traded on platform

Robinhood received an enforcement notice from the SEC regarding crypto tokens, engaging in a debate over whether these assets are securities. [ more ]

Coindesk

Robinhood Would Likely Win Crypto Court Case With the SEC: KBW

Robinhood's likelihood of winning against SEC is higher compared to competitors due to strict listing standards. [ more ]

Coindesk

Left-wing politics

House Poised to Vote on Erasing SEC Crypto Policy While President Biden Vows Veto

A House resolution aims to eliminate SEC's crypto custody policy, facing potential presidential veto. [ more ]

Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

2 days ago

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 ]

Coindesk

1 day ago

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 ]

New York Post

2 weeks ago

Cars

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 ]

Coindesk

Consensys Sues SEC Over 'Unlawful Seizure Of Authority' Over Ethereum

Consensys files lawsuit against SEC over Ethereum's classification as a security. [ more ]

Coindesk

First Mover Americas: Bitcoin Drops Below $64K, Ether Falls

Bitcoin drops 4%, Ether and CoinDesk 20 Index lose 6% due to SEC discouragement of spot ether ETFs applications. [ more ]

Coindesk

Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered

Approval for Ethereum (ETH) ETFs unlikely in May, despite previous expectations. [ more ]

Coindesk

First Mover Americas: Uniswap's Token Slides on SEC Lawsuit

Uniswap received a Wells notice from the SEC, leading to a drop in UNI token price.

Bitcoin halving event expected to lead to increased bets on related networks with potential for a bull market. [ more ]

ReadWrite

VanEck CEO skeptical about spot Ethereum ETF approval in May

VanEck CEO skeptical about SEC approval for spot Ethereum ETFs in May

Regulatory silence raising doubts on ETF approval in the near future [ more ]

Coindesk

Grayscale CEO Says Bitcoin ETF Outflows Are Reaching Equilibrium: Reuters

Approval of spot bitcoin ETFs in January led to significant outflows from GBTC shares.

GBTC has seen a notable decrease in daily outflows after hitting a peak of $600 million in March. [ more ]

ReadWrite

SEC opens comment period for Ethereum spot ETF proposals

SEC initiated comment period for ETH spot ETF proposals from Grayscale, Fidelity, and Bitwise.

SEC's approval of Bitcoin ETFs in January does not indicate approval for Ethereum ETFs, raising concerns among investors.

SEC's ongoing probe into ETH's classification will impact the future of Ethereum spot ETFs and the wider cryptocurrency market. [ more ]

Coindesk

U.S. SEC Calls for Comments on Spot ETH ETFs

SEC opens comment window for ether spot ETF proposals tied to Grayscale Investments.

SEC's past approval of bitcoin spot ETFs unlikely to extend to Ethereum (ETH) ETFs, owing to different legal considerations. [ more ]

www.mercurynews.com

Data science

On college football: New CFP revenue model puts Big 12 on equal footing with ACC (when they are, in fact, very different)

The new College Football Playoff revenue model heavily favors the Big Ten and SEC over the Big 12 and ACC.

The revenue distribution disparity is a significant indicator of the changing power dynamics in college football. [ more ]

Coindesk

The SEC's Shot Across the Bow on 'AI Washing'

SEC focusing on 'AI washing' by companies.

SEC taking action against firms falsely claiming to use AI technology. [ more ]

The Economic Times

US SEC fines two investment advisers over AI claims

Regulators are increasingly scrutinizing AI-related statements made by companies

Two investment advisers settled with the SEC over false AI claims by paying fines [ more ]

Nextgov.com

moreArtificial intelligence

SEC chair: Existing financial law can be applied to AI regulatory debate

The SEC may have a role in regulating AI based on existing securities law, particularly in relation to AI-based financial tools and brokers in an automated trading environment.

The SEC believes that investment firms using AI models should abide by basic disclosures and put in place guardrails to protect investors, such as testing AI models to minimize risks and prohibiting illegal investment strategies. [ more ]

ReadWrite

Ethereum reaches 1 million validators, but not everybody is happy

Ethereum hits one million validators milestone

CEO Larry Fink's comments boost Ether price [ more ]

London Business News | Londonlovesbusiness.com

Bitcoin holds above $70,000 despite regulatory concerns

Bitcoin and Ethereum saw gains despite regulatory concerns

SEC scrutiny impacting cryptocurrency markets [ more ]

Coindesk

House Republicans Demand SEC Explain What's Up With Crypto Platform Prometheum

House Republicans demand SEC answers on ETH security classification

Prometheum Inc. faces scrutiny over ETH custody operation [ more ]

ReadWrite

Crypto: Coinbase Files to list DOGE, LTC and BCH

Coinbase filed to list Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin futures with the CFTC.

Coinbase chose CFTC for self-certification, avoiding SEC due to differing views on cryptocurrencies as securities. [ more ]

Coindesk

What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)

Ethereum's ether (ETH) token may be reclassified as a security by the SEC.

Subpoenaing crypto companies like the Ethereum Foundation is common in the industry. [ more ]

Coindesk

Democrats Ask SEC's Gensler to Block Approval of More Crypto ETPs

Senators urge SEC to block crypto ETPs citing risks like poor disclosure and thin liquidity

Coinbase highlights high trading volume and role of crypto in financial modernization. [ more ]

Coindesk

Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking

Coinbase accuses SEC of arbitrary behavior in refusing to clarify crypto regulation rules.

SEC faces legal action over lack of specificity in regulating crypto assets. [ more ]

New York Post

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 ]

www.npr.org

Corporate America has new climate rules to follow, but will they cut global warming?

SEC issued rules for companies to report climate pollution and management strategies.

Reporting climate risks aids investors in decision-making, but impact on reducing emissions remains uncertain. [ more ]

www.fastcompany.com

Why the SEC's new climate rule won't solve the problem it's trying to fix

Climate change poses financial risks for companies.

SEC's new rule on emissions reporting is weaker than expected. [ more ]

The Verge

SEC says companies must disclose their greenhouse gas emissions - but not all of them

New SEC rules mandate greenhouse gas emissions disclosure.

The finalized rules are weaker than the initial proposal, omitting supply chain and product emissions. [ more ]

www.nytimes.com

S.E.C. to Approve New Climate Rules Far Weaker Than Originally Proposed

New SEC rules on climate risk disclosure are expected, with fewer demands than the original proposal.

Biggest companies need to report emissions they consider material to their bottom lines, smaller businesses exempt. [ more ]

Coindesk

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 ]

english.elpais.com

Bitcoin: on the rise, but just as volatile and dangerous as ever

Bitcoin hits two-year high with growing institutional interest

Cryptocurrency demand continues to rise with increasing number of users [ more ]

euronews

Bitcoin stock surpasses 55,000 mark

Bitcoin stock reaches highest since 2021

Market value surges to almost $1.3 billion [ more ]

Coindesk

Crypto for Advisors: Impact of the Spot Bitcoin ETFs for Portfolios

The approval of the first spot bitcoin ETFs in the US has led to increased interest and speculation on the implications for the broader asset class.

Bitcoin's price resurgence in 2023 was largely influenced by the anticipation and eventual approval of spot bitcoin ETFs by the SEC. [ more ]

The American Conservative

Is Bitcoin 'America First'?

The SEC has approved Bitcoin ETFs, allowing traditional investors to gain exposure to the cryptocurrency.

Establishment conservatives are excited about the potential for Bitcoin to protect savings and preserve self-sufficiency. [ more ]

TechCrunch

As spot bitcoin ETF volumes continue to rise, Bitwise Asset Management predicts a high ceiling for growth | TechCrunch

The price of bitcoin has reached $50,000 following the approval of spot bitcoin ETFs by the SEC.

The assets under management of these ETFs total around $28.35 billion, with Grayscale Bitcoin Trust being the largest at $20.27 billion. [ more ]

TechCrunch

Farcaster hype grows, Bluesky opens to the public and SEC's Hester Peirce is open to new token proposals | TechCrunch

Decentralized social network Farcaster is using Web 2.0 techniques to achieve mass adoption

SEC's Hester Peirce still plans to push for a token 'safe harbor' plan [ more ]

Coindesk

DeFi Shouldn't Have to Worry About the SEC's Expanded Broker Rule

The SEC has adopted a rule that expands the definition of a broker-dealer and requires more firms to register as dealers and submit to stricter oversight.

The new rule includes institutions that capture bid-ask spreads, such as quant funds and high-frequency traders. [ more ]

Coindesk

U.S. SEC Clears 'Dealer' Rule Expansion That Could Rope in DeFi

The SEC has expanded its definition of a dealer, which now includes those dealing in crypto securities.

The new rule could have serious consequences for the digital assets industry and decentralized finance (DeFi). [ more ]

Coindesk

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 ]

Coindesk

South Korean Regulator to Discuss Spot Bitcoin ETF With U.S. SEC: Report

South Korea's Financial Supervisory Service (FSS) plans to maintain talks with the SEC and focus on spot bitcoin exchange-traded funds (ETFs).

The FSS and SEC are looking to strengthen cooperation and address virtual asset issues. [ more ]

www.nytimes.com

Tech industry

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 ]

Intelligencer

Sam Bankman-Fried Is Still Messing Up Bitcoin's Big Comeback

The approval of bitcoin exchange-traded funds by the SEC was supposed to mark a comeback for bitcoin.

Bitcoin has fallen 20% and entered a bear market despite the launch of these ETFs. [ more ]

Coindesk

Web design

Ripple's David Schwartz Talks 'Bottom-Up Growth' on XRP Ledger, Rebuts Critics: Q&A

Ripple Labs' legal battle with the SEC made it difficult for them to attract customers to their institution-focused RippleNet.

Ripple and the XRP Ledger have struggled to gain the same level of developer interest as Bitcoin and Ethereum. [ more ]

Coindesk

SEC Shut Off Extra Security on X For 7 Months, Letting Hacker Breeze In

A hacker took over the U.S. Securities and Exchange Commission's cell phone and falsely posted about the approval of spot bitcoin ETFs.

The hacker gained access through a SIM swap attack and reset the password for the SEC's Twitter account. [ more ]

London Business News | Londonlovesbusiness.com

Newly approved Bitcoin ETFs in the US has big fee advantages over old ones

The SEC has approved 11 'spot' Bitcoin ETFs for trading in the US, allowing these funds to hold actual Bitcoin instead of just Bitcoin futures.

Spot Bitcoin ETFs tend to have lower fees compared to Bitcoin futures ETFs, which can save investors money in yearly fees. [ more ]

TechCrunch

Coinbase argues for motion to dismiss SEC's 'securities violation' allegations | TechCrunch

Coinbase is motioning to dismiss a suit filed by the SEC alleging securities violations.

The SEC claims that the 13 cryptocurrencies available for trading on Coinbase are securities. [ more ]

London Business News | Londonlovesbusiness.com

The Bitcoin price forecast and the impact of Whales on market stability

The approval of BTC Spot ETFs by the SEC caused a 15% loss in the price of Bitcoin.

Ethereum surged by 15% following the approval of Bitcoin ETFs, raising expectations for its own ETF approval. [ more ]

WIRED

Information security

How to Stop Your X Account From Getting Hacked Like the SEC's

The SEC and Mandiant both experienced account takeovers on social media platforms due to vulnerabilities in their security practices.

Both accounts had two-factor authentication (2FA) disabled at the time of the breaches, highlighting the importance of using this security measure. [ more ]

Coindesk

CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

Crypto asset manager CoinShares exercises option to buy Valkyrie Investments' ETF unit.

CoinShares gains three ETFs including Valkyrie's spot bitcoin ETF. [ more ]

New York Post

Euphoria over Bitcoin ETF as trading volume surges past $4B on just the first day

US-listed Bitcoin ETFs saw $4.6 billion worth of shares traded as investors entered the market.

The approval of Bitcoin ETFs marks a significant moment for the cryptocurrency industry as it tests broader acceptance as an investment. [ more ]

Coindesk

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

South Korea's financial regulator, the FSC, has stated that recently-listed U.S. bitcoin ETFs may violate Korean law.

The FSC points out that domestic brokerage of a U.S.-listed bitcoin spot ETF by Korean securities firms could potentially conflict with Korean regulations.

The FSC's notice suggests that further review is pending and that SEC Chair Gary Gensler will meet his Korean counterpart this month in Washington, DC. [ more ]

TechCrunch

US spot bitcoin ETFs begin trading, Circle files for IPO and India continues crypto pullback | TechCrunch

The SEC approved the first spot bitcoin ETF applications for 11 issuers.

Spot bitcoin ETFs brought in around $2 billion in total trading volume on their first day. [ more ]

Coindesk

Gary Gensler's Bitcoin ETF Clown Show

Gary Gensler issues statement emphasizing that the SEC's approval of spot bitcoin ETFs is not an endorsement of bitcoin.

Gensler's remarks and the SEC's track record in court cases raise concerns about its handling of legal battles with crypto platforms. [ more ]

CyberScoop

After hack, X claims SEC failed to use two-factor authentication

The SEC's Twitter account was hacked and used to falsely claim approval of bitcoin ETFs on X platform.

X accused the SEC of failing to implement strong security features such as two-factor authentication. [ more ]

www.nytimes.com

Bitcoin Heads to Wall Street. Now What?

The S.E.C. has approved the creation of new exchange-traded funds that allow investors to easily buy and sell Bitcoin.

Companies like BlackRock and VanEck, as well as smaller firms, have been authorized to offer these new crypto investment products. [ more ]

Coindesk