Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale’s application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but has since marked a small recovery and was trading at $19,047 as of press time, according to CryptoSlate data. Source: TradingView SEC rejects Grayscale and…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. Securities and Exchange Commission (SEC) Commissioner Hester Pierce believes that it is time for the regulator to approve a Bitcoin spot exchange-traded product (ETP). Speaking at an event about regulating the crypto space, Pierce highlighted the refusal of the SEC…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A tweet from Eleanor Terrett, a business journalist at Fox, has said that the United States Securities and Exchange Commission (SEC) has written several crypto exchanges about “insider trading safeguards.” 🚨SCOOP: Industry sources with knowledge of the matter tell me the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! In a recently released statement, the Founder and Chief Executive Officer of Terraform Labs, Do Kwon, said that the level of misinformation in public surrounding the network is high. 1/ While most of our efforts had been spent on Terra 2.0…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Commodity Futures Trading Commission (CFTC) is garnering support to be the primary regulator for the crypto industry amongst stakeholders in the crypto industry and US lawmakers, Commissioner Summer Mersinger said during the Reuters Commodities Trading USA conference in Houston. The…
Pro-crypto commissioner of the Securities and Exchange Commission (SEC) Hester Peirce, popularly known as crypto mom, said there might be some developments towards stablecoin regulation soon, according to a Reuters report. Pierce commented on the development at an online debate organized by the London-based Official Monetary and Financial Institutions Forum (OMFIF) policy think tank. Stablecoin…
The United States Securities and Exchange Commission (SEC) is unwilling to produce documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities, according to a tweet from James Filan, a lawyer representing Ripple. SEC files motion to protect Hinman’s speech In a 2018 speech, William Hinman said that…
The U.S. Securities and Exchange Commission (SEC) has proposed new cybersecurity risk management rules for corporations that would require them to be more transparent with customer disclosures. The new rules would be implemented as amendments to various forms regarding cybersecurity disclosures and would specifically target investment advisers, investment funds, and business development companies. No more…
Michael Sonnenshein, CEO of the largest bitcoin and crypto fund Grayscale, has argued that the SEC’s justifications of why it approved Bitcoin futures ETFs but not spot ETFs, don’t add up. The plot thickens on the path to $GBTC’s spot #Bitcoin #ETF conversion… — Sonnenshein (@Sonnenshein) April 7, 2022 The tweet was posted moments after…
Retail investors’ involvement in crypto and traditional finance within the past few years has grown to new heights, which is now giving regulators a cause for concern. FINRA urges members to educate retail investors According to the Financial Industry Regulatory Authority (FINRA), the majority of retail investors don’t understand the many complex investment products that…