Tag: SEC

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.   The latest US infrastructure bill introduces the broadest possible characterization…

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control. In a now typical for the US move, the signal initially…

The US Securities and Exchange Commission (SEC) rejected on December 23 two proposals by Kryptoin and Valkyrie investment firms for spot Bitcoin exchange-traded funds (ETFs). Rejecting Bitcoin spot-ETFs, the SEC has also disapproved of any creative products such as leveraged or inverse futures backed ETFs. The most remarkable year for cryptocurrencies yet is coming to…

The US Securities and Exchange Commission (SEC) has rejected a proposal to launch a spot Bitcoin exchange-traded fund (ETF) that would actively track the price of BTC. Cboe BZX exchange had applied back in March; however, the SEC stated that not enough was done to protect investors from fraudulent trading. The Commission says the proposal…

DeFi, built on blockchain and legacy financial systems, is on the verge of clashing in one of the most tumultuous battles in economic history, writes Alex Shipp on Cointelegraph. On the opening day of Messari Mainnet 2021, New York City’s long-awaited first crypto conference since the start of COVID-19, reports came blazing in via a…

The US Treasury Department is reportedly allowing the US Securities & Exchange Commission (SEC) to take the lead in regulating stablecoins, including Tether and USD Coin. A highly anticipated report expected to be published later this week will state that the SEC will have significant authority over stablecoins. A few people familiar with the matter…