SEC | ForkLog - Part 8

ForkLog 17 28.01.2025

Tuttle Capital Seeks Approval for Memecoin ETFs Including TRUMP and MELANIA

Tuttle Capital Management has submitted a proposal to the SEC to register ten 2x leveraged crypto-ETFs, including those based on the memecoins TRUMP and MELANIA. NEW: @TuttleCapital just filed for 10 different leveraged crypto asset ETFs. Including a bunch of memecoin products and assets that don’t have ETPs yet. pic.twitter.com/i8X0rSdbK7 — James Seyffart (@JSeyff) January […]

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ForkLog 10 27.01.2025

SEC Secures Partial Victory in Kraken Case

On January 24, California federal judge William Orrick dismissed one of the defenses put forth by the cryptocurrency exchange Kraken in its case against the SEC. The trading platform invoked the major questions doctrine to argue that Congress had not granted the regulator authority over cryptocurrencies. This U.S. Supreme Court decision had previously been employed […]

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ForkLog 46 24.01.2025

SEC Lifts Ban on Banks Holding Cryptocurrencies

The U.S. Securities and Exchange Commission (SEC) has repealed SAB 121. The document effectively prohibited banks from holding digital assets. Bye, bye SAB 121! It’s not been fun: https://t.co/cIwUc0isUE | Staff Accounting Bulletin No. 122 — Hester Peirce (@HesterPeirce) January 23, 2025 “Bye-bye SAB 121! It’s not been fun,” commented Commissioner Hester Peirce. The decision […]

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ForkLog 26 22.01.2025

Hester Peirce to Lead SEC’s Cryptocurrency Task Force

SEC Commissioner Hester Peirce, known in the community as “Crypto Mom,” has been appointed head of the agency’s cryptocurrency task force. This was announced in a press release. “The task force, which will include talented specialists from across the agency, will collaborate with the SEC and the public to guide the Commission on a sensible […]

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ForkLog 15 16.01.2025

XRP hits seven-year high on several major exchanges

On January 16, Ripple’s XRP neared its $3.4 ATH on Bitfinex, Kraken and Binance for the first time since January 2018. Amid a rapid price surge (+16% over 24 hours), open interest in XRP futures hit a record $7.7bn. Data: Coinglass. At the time of writing, the asset trades around $3.32. Its market capitalisation is […]

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ForkLog 49 15.01.2025

SEC sues Elon Musk over late disclosure of Twitter stake

On January 14, the SEC filed suit against Elon Musk, accusing him of failing to disclose on time his beneficial ownership in Twitter (X). The regulator says the billionaire began buying the social network’s stock in early 2022 and, by March 14 that year, held more than 5% of the outstanding shares. He was required […]

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ForkLog 41 15.01.2025

Gary Gensler says he ‘never called’ bitcoin or Ethereum securities

The SEC has never asserted that bitcoin or Ethereum are securities, outgoing chair Gary Gensler told Yahoo Finance. Reporter Jennifer Schonberger noted that this status even became the subject of legal proceedings during the approval of spot crypto ETFs. She also asked whether Gensler had wanted a different outcome on the applications. “My predecessor [Jay […]

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ForkLog 10 26.12.2024

Hester Peirce: A Revamped SEC May Be More Crypto-Friendly

SEC will fundamentally change its enforcement approach with a shift in personnel, according to Commissioner Hester Peirce. “I hope we return to the understanding that we are a regulatory agency within the executive branch, not an executive body that does not engage in regulation,” Peirce noted at the Blockchain Association summit. According to her, the […]

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ForkLog 7 17.12.2024

CyberKongz NFT Project Faces Potential SEC Charges

The team behind the NFT collections CyberKongz has announced that the U.S. Securities and Exchange Commission (SEC) may bring charges against them. CyberKongz has received a Wells Notice from the SEC. We are extremely disappointed at the approach the SEC has taken towards us, but we are going to stand up and fight for a […]

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ForkLog 10 13.12.2024

US Groups Oppose SEC ‘Purge’ of Democrats

Over 40 organizations and associations in the United States have urged the Senate to confirm Democratic Party representative Caroline Crenshaw for another term as a commissioner of the SEC. “The reality of a bipartisan Commission is at stake. The incoming [Donald] Trump administration has indicated it is considering abandoning the tradition whereby the opposition party […]

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ForkLog 11 10.12.2024

Hester Peirce Outlines SEC’s Post-Gensler Agenda

Known as “Crypto Mom,” SEC Commissioner SEC Hester Peirce outlined three key areas for improvement in digital asset regulation during an interview with Fox Business. Firstly, she believes the agency should cease attempts to restrict industry companies’ access to banking or custodial services. Peirce compared the Commission’s approach to the U.S. Justice Department’s Operation Choke […]

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ForkLog 8 06.12.2024

SEC to Reject Two Solana-ETF Applications, Reports Suggest

The SEC has informed at least two of the five issuers of spot Solana-ETFs that it intends to reject their 19b-4 forms, according to Fox Business journalist Eleanor Terrett. ?SCOOP: I’ve confirmed that the @SECGov has notified at least two of the five prospective issuers that it will reject their 19b4 filings for the $SOL […]

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