SEC | ForkLog - Part 15

ForkLog 7 29.06.2024

Ethereum ETFs Face Delays in July Launch

The U.S. Securities and Exchange Commission (SEC) has returned S-1 forms to potential issuers of spot ETH-ETFs for revisions, according to The Block, citing a source. The regulator provided “minor comments” and expects the corrected applications to be resubmitted by July 8, the source noted. According to the source, this will not be the final […]

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ForkLog 22 29.06.2024

Court Allows Most SEC Claims Against Binance to Proceed

Judge Amy Berman Jackson of the District Court for the District of Columbia has partially dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance, though most allegations will be considered. She granted the exchange’s motion to dismiss the regulator’s claims regarding secondary sales of the BNB token, the offering of the BUSD stablecoin, […]

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ForkLog 20 28.06.2024

SEC Takes Legal Action Against ConsenSys

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against ConsenSys, the developer of the MetaMask wallet. The lawsuit was filed in the Eastern District of New York. The agency alleges that the firm violated the law through its MetaMask Staking service. The regulator claims that: since October 2020, ConsenSys has been “operating […]

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ForkLog 4 28.06.2024

Prospects for Solana ETF Rise Following US Presidential Debate

The likelihood of a Solana ETF being approved within the next 12 months is closely linked to the potential change in the US presidency. It is safe to say that the probability of both has increased since yesterday, stated Bloomberg analyst Eric Balchunas. Yes, the odds of a Solana ETF being approved in next 12mo […]

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ForkLog 6 28.06.2024

US Supreme Court Grants Right to Jury Trials in SEC Fraud Cases

Defendants accused of fraud by the SEC are entitled to a jury trial in federal court. This decision was made by the U.S. Supreme Court, reports FOX Business journalist Eleanor Terrett. ?BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to […]

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ForkLog 27 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 5 27.06.2024

SEC May Approve Ethereum ETF by July 4, Reports Suggest

The U.S. Securities and Exchange Commission (SEC) could approve spot ETH-ETFs as early as July 4, as discussions between issuers and the regulator have reached their final stage, according to Reuters, citing sources. Executives from the issuers, who wished to remain anonymous, stated that the process of amending applications has progressed to resolving “minor” issues. […]

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ForkLog 14 26.06.2024

Ripple CEO Warns SEC Policy Could Cost Biden the Election

The approach of SEC Chairman Gary Gensler may lead to Joe Biden’s defeat in the upcoming U.S. presidential election in November, according to Ripple CEO Brad Garlinghouse. Absolute nonsense coming from @GaryGensler today. And this slander about “all crypto execs going to jail” from the man who completely missed FTX (and actually cozied up to […]

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ForkLog 15 26.06.2024

SEC Chair Declines to Set Timeline for Ethereum ETF Launch

Gary Gensler did not specify a launch date for spot Ethereum funds. Bitwise predicted a $15 billion inflow into the instruments within the first 18 months, while VanEck waived initial trading fees. SEC Chairman SEC Gary Gensler stated at the Bloomberg Invest summit in New York that the review process for spot Ethereum ETF applications […]

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ForkLog 7 22.06.2024

Ethereum ETF Issuers Submit Updated Filings to SEC

BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy, and 21Shares have submitted updated applications for spot Ethereum ETFs to the SEC. This was reported by The Block. VanEck set its fees at 0.2%, while Franklin Templeton set theirs at 0.19%. Other issuers have yet to disclose the fees for their products. VanEck is in and […]

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ForkLog 10 20.06.2024

ConsenSys to Persist in Legal Battle with SEC

ConsenSys is determined to achieve greater regulatory clarity regarding cryptocurrencies and will continue its legal battle with the SEC in court. This was reported by FOX Business journalist Eleanor Terrett, citing the company’s founder, Joseph Lubin. ?NEW: I reached out to @Consensys founder @ethereumJoseph for comment on the @SECGov dropping its investigation into $ETH and […]

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ForkLog 18 19.06.2024

SEC Concludes Investigation into Ethereum’s Status

The regulator has closed its investigation into Ethereum 2.0. ETH-ETF issuers described recent S-1 application adjustments as “light”. The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0, according to a statement from ConsenSys. ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for […]

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