SEC | ForkLog - Part 22

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 15 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 30 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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ForkLog 24 17.01.2024

Ripple CEO Rules Out IPO Amid ‘Hostile’ SEC Environment

Ripple had considered going public outside the United States due to the “hostile” stance of the SEC, but has postponed these plans. This was stated by the fintech company’s CEO, Brad Garlinghouse, in Davos. LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9 — Brad Garlinghouse (@bgarlinghouse) January 16, 2024 “Trying to go for an IPO […]

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ForkLog 23 16.01.2024

SEC Supports Do Kwon’s Request to Delay TFL Hearing

SEC has supported the request of Do Kwon, co-founder of the collapsed Terraform Labs (TFL), to postpone a court hearing. This was reported by Cointelegraph, citing court documents. January 17, 2024 | 10:26Update: The court granted Do Kwon’s request and set a new hearing date for March 25. “Despite Kwon’s statement that he has agreed […]

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ForkLog 12 12.01.2024

SEC Commissioner Criticizes Approval of Spot Bitcoin ETFs

The decision by the SEC to approve exchange-traded funds based on the spot price of Bitcoin is “unjustified and anti-historical,” according to Commissioner Caroline Crenshaw. She stated this in a recent announcement. “It sets us on the wrong path of neglecting investor protection. I cannot agree that these actions serve our legislative or core mandates, […]

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ForkLog 11 11.01.2024

FBI Joins Investigation into SEC X-Account Hack

The U.S. Securities and Exchange Commission (SEC) plans to investigate the hacking of its X social media account in collaboration with the FBI, according to Reuters. “The SEC continues to investigate this matter and is coordinating its actions with the appropriate law enforcement agencies, including the SEC’s Office of Inspector General and the FBI,” a […]

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ForkLog 74 11.01.2024

SEC Approves All 11 Spot Bitcoin ETF Applications

The SEC has approved all 11 applications for spot Bitcoin ETFs, with trading set to begin on January 11. Issuers and the crypto community have expressed optimism about the launch of these new products. Experts have discussed the potential developments following this approval. On the evening of January 10, the U.S. Securities and Exchange Commission […]

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ForkLog 62 10.01.2024

Ripple CEO Suggests SEC Should Investigate Itself After Account Hack

The crypto community mocks the SEC following the hack of its X account, yet still anticipates the approval of a Bitcoin ETF. The leading cryptocurrency experienced high volatility, though some altcoins, including Ethereum, maintained their positions. Ripple CEO Brad Garlinghouse, commenting on the hack of the SEC’s X account, suggested the regulator should investigate “itself.” […]

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ForkLog 23 10.01.2024

SEC’s X Account Hacked to Announce Fake Bitcoin ETF Approval

The United States Securities and Exchange Commission’s (SEC) account on the X platform was compromised to publish a false message claiming approval of spot Bitcoin ETFs. The now-deleted tweet falsely stated that the regulator had approved the listing of products on all registered national securities exchanges, allegedly quoting SEC Chairman Gary Gensler. Source: Axios. “The […]

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ForkLog 20 09.01.2024

Gary Gensler Warns of Bitcoin Risks Ahead of ETF Decision

Gary Gensler, the head of the SEC, has cautioned about the volatile nature of crypto assets. His thread appeared two days before the decision on spot Bitcoin ETFs. 1⃣ Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws. Investors in crypto asset securities should understand they may be […]

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ForkLog 19 06.01.2024

Bitcoin ETF Issuers Submit Final Amendments to SEC

BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, Wisdomtree, ARK Invest, 21Shares, Invesco, and Galaxy have submitted updated 19b-4 forms to the SEC, reports The Block. The latest amendments to the spot Bitcoin ETF applications bring issuers to the “home stretch,” noted Bloomberg analyst James Seyffart. We’re not over the finish line yet. But […]

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