SEC | ForkLog - Part 21

ForkLog 9 07.02.2024

SEC Postpones Decision on Invesco and Galaxy’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the application for a spot Ethereum ETF by Invesco and Galaxy. The agency had previously postponed the review date for several funds. This time, the SEC also announced the “initiation of proceedings” to gather additional public information regarding the listing of investment products. […]

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ForkLog 14 06.02.2024

Court Orders Ripple to Disclose Financial Documents to SEC

A US District Judge has granted the SEC‘s motion to compel Ripple to provide information on its financial performance and institutional sales of XRP, as reported by The Block. In December 2020, the Commission filed a lawsuit against the company, accusing it of selling unregistered securities in the form of XRP, amounting to approximately $1.3 […]

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ForkLog 10 03.02.2024

SEC Accuses Bitcoin Academy Founder of $1.2 Million Fraud

The U.S. Securities and Exchange Commission (SEC) has accused Brian Sewell, founder of the online course American Bitcoin Academy, and his company Rockwell Capital Management of fraud. According to the agency, 15 students seeking to learn digital asset trading were defrauded of a total of $1.2 million. The SEC stated that from early 2018 to […]

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ForkLog 46 01.02.2024

BlackRock Unveils Bitcoin ETF Advertising Campaign on Building Facades

On January 31, financial giant BlackRock submitted plans to the SEC for the marketing of its spot bitcoin ETF under the ticker IBIT. The company plans to project an advertisement for the exchange-traded fund on the facades of former financial institution buildings in New York, Los Angeles, and Miami. The promotional footage features a changing […]

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ForkLog 41 30.01.2024

SEC Charges HyperFund with $1.7 Billion Fraud

The U.S. Securities and Exchange Commission (SEC) has charged the crypto project HyperFund with defrauding investors of $1.7 billion. According to the lawsuit, company founders Xu Li and Brenda Chunga, also known as Sam Li and Bitcoin Beautee, raised the aforementioned sum from “people worldwide” between 2020 and 2022. The founders promoted HyperFund as an […]

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ForkLog 12 25.01.2024

SEC’s Legal Actions Against Crypto Firms Surge by 50%

In 2023, the number of enforcement actions by the SEC against cryptocurrency companies rose to a record 46. SEC enforcement actions against crypto projects. Source: SEC. In comparison, during the previous reporting period, the Commission filed only 30 lawsuits, nearly 50% less. “Compared to 2022, the number of court cases increased slightly, while the number […]

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ForkLog 56 25.01.2024

SEC Delays Decision on BlackRock’s Spot Ethereum ETF

The SEC has postponed its decision on BlackRock’s spot Ethereum ETF application until March 10. SEC Chair Gary Gensler reminded that the approval of a spot Bitcoin ETF was limited to just one cryptocurrency. Optimistic experts anticipate Ethereum ETF approval in May with a 50-70% probability, while skeptics point to regulatory resistance. SEC has postponed […]

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ForkLog 20 24.01.2024

Hester Peirce Advocates for Spot Ethereum-ETF Approval Without Court Ruling

Hester Peirce believes a court ruling is unnecessary for the approval of spot Ethereum-ETFs. The chances of product approval in May are estimated at 50-70%. SEC sources suggest that Chairman Gary Gensler may eventually relent and not obstruct the instrument’s registration. Spot Ethereum-ETFs do not require a court ruling for approval, according to SEC Commissioner […]

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ForkLog 16 23.01.2024

SEC and Binance Present Arguments on Digital Assets in Court

On January 22, hearings took place in the case of the SEC against the cryptocurrency exchange Binance. Both parties responded to the judge’s questions regarding the nature of digital assets. The regulator filed a lawsuit against the trading platform and its former CEO, Changpeng Zhao, on June 5, 2023, bringing 13 charges, including the sale […]

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ForkLog 9 23.01.2024

SEC Reveals Cause of X Account Breach

Multi-factor authentication on the U.S. Securities and Exchange Commission’s (SEC) X profile was disabled prior to the release of a fake news story about the approval of spot Bitcoin ETFs, according to a statement from the regulator. “Two days after the incident and following consultations with the telecommunications operator, the SEC determined that an unauthorized […]

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ForkLog 12 20.01.2024

SEC May Approve Bitcoin ETF Options by February, Analyst Suggests

Bloomberg analyst James Seyffart has indicated that the U.S. Securities and Exchange Commission (SEC) might permit trading of options on spot Bitcoin ETFs in the latter half of February. Absolute latest we get a decision is somewhere around ~Sept 21, 2024. — James Seyffart (@JSeyff) January 19, 2024 “The SEC has already acknowledged the 19b-4 […]

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ForkLog 29 19.01.2024

SEC Delays Decision on Fidelity’s Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Fidelity Investments’ application to launch a spot Ethereum ETF. According to the statement, the regulator extended the discussion period by 45 days to allow “sufficient time to consider the proposed rule change and the issues raised.” The deadline is now set for March […]

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