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Asset manager WisdomTree has officially withdrawn its S-1 registration statement for a spot XRP ETF, according to a filing on Tuesday. WisdomTree, a major player in the exchange-traded fund industry, had been competing to launch one of the first spot XRP ETFs in the United States. WisdomTree’s withdrawal marks a significant development in the ongoing…
The cryptocurrency market has been through fire. After Bitcoin’s spectacular collapse from $69,000 to under $16,000 in 2022, followed by spectacular bankruptcies and regulatory crackdowns, many investors wondered if the digital asset experiment was over. Now, with Bitcoin surpassing $90,000 in early 2026, that same question resurfaces, but with different implications. Is crypto a good…
A senior Coinbase executive is defending the slow progress of crypto-specific legislation in Congress, saying the complexities of digital asset regulation justify why the CLARITY Act hasn’t become law while simpler bills like the GENIUS Act sailed through. The comments come as the industry grows increasingly impatient with Washington’s glacial pace on crypto policy. The…
On yet another day, the SEC has announced yet another charge. In another case, the SEC has charged Consensys Software Inc. with the unregistered offer and sale of securities through its MetaMask Staking service and operating as an unregistered broker through both MetaMask Staking and MetaMask Swaps. The charges were announced on June 28, 2024….
Two US lawmakers, Representative French Hill (Republican) and Representative Chrissy Houlahan (Democrat), have visited Tigran Gambaryan, a Binance executive currently detained at the Kuje correctional center in Abuja, Nigeria. The visit was intended to show concern in the growing international concern over Gambaryan’s detention conditions and the Nigerian government’s stance on cryptocurrency operations. Tigran…
Thailand’s Securities and Exchange Commission (SEC) has given the green light for the country’s first spot Bitcoin exchange-traded fund (ETF), a move that underscores the nation’s progressive stance on digital assets. However, this financial instrument will be exclusively available to wealthy and institutional investors. The approval was announced recently, with the Thai SEC endorsing…
Sec Approves All Spot Ethereum ETFs In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum ETF approval has finally been approved by the US Securities and Exchange Commission (SEC). This news comes as a light at the end of the tunnel as the battle for the ETH/ETF approval has…
A new update on the Ripple and SEC case, shows that Ripple wants to remove some expert materials the SEC used in the case. Ripple’s Motion to Strike and SEC’s Response Ripple said the SEC did not inform them enough about an expert witness named Andrea Fox. Ripple thinks this is not fair. Ripple…
BlackRock, Nasdaq, and SEC Continue Discussions Source: Cointelegraph In the latest development, financial giants BlackRock and Nasdaq, alongside the United States Securities and Exchange Commission (SEC), had their second meeting in December to talk about their application for a Bitcoin exchange-traded fund (ETF). As per an SEC memo, the three parties focused on the…
Coinbase Attempts to Swiftly Dismiss SEC Allegations SEC Allegations have been on the news through out the previous week. Here is what Coinbase has with regards to the SECURITY AND EXCHANGE COMMISION (SEC) Coinbase faces a Tuesday deadline to respond to the Securities and Exchange Commission’s (SEC) counterarguments challenging the company’s motion to dismiss…
Judge Torres Denies SEC’s Request District Judge Analisa Torres has rejected the Securities and Exchange Commission’s (SEC) request to certify an interlocutory appeal in the ongoing legal battle with cryptocurrency firm Ripple. The judge’s decision was based on her belief that the appeal wouldn’t significantly expedite the resolution of the lawsuit. In addition to denying…
Binance Ceo Resigns Source: Bloomberg Binance.US, the American arm of the crypto trading platform, is undergoing significant changes as its CEO, Brian Shroder, steps down from his role. Shroder has been succeeded on an interim basis by Norman Reed, who previously served as the Chief Legal Officer, according to a company spokesperson. This leadership transition…
The U.S. Securities and Exchange Commission (SEC) plays a crucial role in regulating the securities markets and protecting investors. It ensures fair practices, promotes disclosure, and monitors corporate actions. [ez-toc] On the other hand, Coinbase exchange, the largest cryptocurrency exchange in the United States, has been at odds with the SEC over regulatory clarity for…
Coinbase Is Facing an ‘Existential Risk’ as SEC Reins In Crypto News Source: Bloomberg. Coinbase, the premier cryptocurrency exchange in the United States to go public on the Nasdaq, was initially hailed as a welcomed addition to the financial mainstream by American regulators. Nevertheless, it has come to light that the Securities and Exchange Commission…
