Category: SEC
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SEC Rescinds SAB 121, Permitting Banks to Custody Bitcoin
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In a landmark decision, the US Securities and Exchange Commission (SEC) Officially cancelled Staff Accounting Bulletin (SAB) No. 121, a controversial rule that has long hindered banks from offering bitcoin and crypto custody services. The move, announced Thursday, signals a major shift in the SEC’s approach to regulating Bitcoin and…
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Next Cryptocurrency to Explode After SEC Takes SAB 121 Out & Ethereum Could Shoot to $7K
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The new American SEC team under the leadership of Donald Trump SAB 121, which is the encryption account list that requires financial entities to deal with encryption holdings as opponents on their public budgets since March 2022. Since this lights light on Ethereum, the distinctive ERC-20 codes may be the…
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Crypto ETFs Frenzy In 2025? Asset Managers Send An Array Of New Funds To SEC
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At the end of 2024, the cryptocurrency industry was expected to undergo a complete transformation, especially with regard to traditional finance. With the imminent inauguration of crypto-friendly Donald Trump, the US regulatory landscape is expected to become more favorable to the industry. Interestingly, asset managers are not waiting for power…
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Ripple Cheers As Gary Gensler Exits SEC Leadership
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Ripple has a lot to celebrate after announcing Gary Gensler’s resignation as Chairman of the US Securities and Exchange Commission. The recent turmoil at the SEC may signal a shift in the protracted dispute between Ripple Labs and the SEC over the classification of digital currencies. XRP. Ripple’s legal team…
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Ripple Cheers As Gary Gensler Exits SEC Leadership
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Ripple has a lot to celebrate after announcing Gary Gensler’s resignation as Chairman of the US Securities and Exchange Commission. The recent turmoil at the SEC may signal a shift in the protracted dispute between Ripple Labs and the SEC over the classification of digital currencies. XRP. Ripple’s legal team…
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Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills
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Written by Chris Prentice and Jonathan Stempel (Reuters) – Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, leaving hundreds of thousands of ordinary investors on the hook for inflated tax bills.…
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Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills
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Written by Chris Prentice and Jonathan Stempel (Reuters) – Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, leaving hundreds of thousands of ordinary investors on the hook for inflated tax bills.…
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SEC Cracks Down On Digital Currency Group: $38 Million Civil Penalty For ‘Misleading Investors’
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The U.S. Securities and Exchange Commission (SEC) has initiated formal cease-and-desist proceedings against venture capital firm Digitalcurrency Group (DCG) for its alleged negligent conduct in connection with its subsidiary’s lending program. Genesis Global Capital (GGC). The action arises from findings that the cryptocurrency group “misled investors” about the financial health…
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Litecoin Likely Next In Line For SEC Nod
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They say journalists never stop working. But for Christian, this is not just a metaphor, it is a way of life. By day, he navigates the ever-changing tides of the cryptocurrency market, using words like a seasoned editor and crafting articles that decode jargon for the masses. When a computer…
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Pro-XRP Lawyer Reveals How SEC, Competitors United Vs. Ripple
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In a mail On X, prominent pro-XRP lawyer John E. Deaton, highlights the complex dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital assets. Deaton emphasized the widespread impact of the SEC’s lawsuit against Ripple, saying,…
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Pro-XRP Lawyer Reveals How SEC, Competitors United Vs. Ripple
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In a mail On X, prominent pro-XRP lawyer John E. Deaton, highlights the complex dynamics between the US Securities and Exchange Commission (SEC) and Ripple’s competitors, suggesting a coordinated effort to undermine the company and its digital assets. Deaton emphasized the widespread impact of the SEC’s lawsuit against Ripple, saying,…
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Is Solana Futures ETF Coming? Volatility Shares Submits Application To SEC
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Asset management firm Volatility Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) to list the Solana exchange-traded futures fund (ETF). This strategic move comes after a group of asset managers applied to launch the Solana Spot ETF earlier this year. Will volatile stocks increase the…
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Ramaswamy’s Strive Asset Management Files With SEC
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Vivek Ramaswamy Asset Management is Join the ETF bandwagon By officially filing the Strive Bitcoin Bond ETF with the Securities and Exchange Commission (SEC). In its 475A filing on December 26, Strive aims to capitalize on the changing investment landscape that favors Bitcoin, digital assets and blockchain. According to Prospectus…
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SEC To Approve XRP And Solana Joint ETF? Analyst Says Yes
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Analysts from Bloomberg have a positive view that the outcome depends on cryptocurrencies Exchange-traded funds Or the ETF will receive SEC approval in 2025. Cryptocurrency investors may have a lot of options next year when it comes to publicly traded crypto securities, one of which will be a mix of…
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Trump To Announce SEC Chair Pick Tomorrow
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Following the announcement of Gary Gensler’s departure from the Securities and Exchange Commission (SEC), new reports claim that re-elected US President Donald Trump is set to unveil his pick for the new SEC head in the coming days. A new crypto era is about to begin As we approach the…
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Trump To Announce SEC Chair Pick Tomorrow
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Following the announcement of Gary Gensler’s departure from the Securities and Exchange Commission (SEC), new reports claim that re-elected US President Donald Trump is set to unveil his pick for the new SEC head in the coming days. A new crypto era is about to begin As we approach the…
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Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC
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Global exchange-traded fund (ETF) issuer and asset manager Tree of wisdom It has officially filed an S-1 application for a spot XRP ETF with the US Securities and Exchange Commission (SEC), becoming the fourth asset manager in the US to seek index fund approval. Growing interest in XRP ETFs The…
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Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC
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Global exchange-traded fund (ETF) issuer and asset manager Tree of wisdom It has officially filed an S-1 application for a spot XRP ETF with the US Securities and Exchange Commission (SEC), becoming the fourth asset manager in the US to seek index fund approval. Growing interest in XRP ETFs The…
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SEC Sues Touzi Capital Over $115 Million Securities Fraud
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The US Securities and Exchange Commission (SEC) has sued Touzi Capital LLC, a cryptocurrency mining company, and its managing member Eng Taing, for multiple securities law violations. The US securities regulator alleges that the defendants deceived investors out of funds worth up to $115 million. sik vs. Tozi Capital and…
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Crypto firm Prometheum gained an edge under Gary Gensler’s SEC. Suddenly its future appears less certain
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For many years, the cryptocurrency industry has complained about the SEC’s hardline stance, and its refusal to develop rules that take premium blockchain technology into account. However, one company claimed that the current crypto rules set by the Securities and Exchange Commission (SEC) are good. This stance has paid off…