SEC | ForkLog - Part 8

ForkLog 30 30.01.2025

SEC Accepts Nasdaq’s Application for Canary’s Litecoin ETF

The U.S. Securities and Exchange Commission (SEC) has accepted a 19b-4 form application from Nasdaq to amend rules that would allow the listing of a spot Litecoin ETF by Canary Capital. First alt coin 19b-4 to be acknowledged, rest were told to withdraw by Genz SEC. Throw in the comments from SEC on the S-1 […]

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ForkLog 86 29.01.2025

Gary Gensler Returns to MIT as Professor After Leaving SEC

The Sloan School of Management at the Massachusetts Institute of Technology (MIT) announced the return of Gary Gensler as a professor. Having resigned on January 20, the former chairman of the SEC will engage in teaching and research in the fields of artificial intelligence, financial technology, and public policy. Gensler will also return to the […]

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ForkLog 31 28.01.2025

CBOE Proposes Rule Change for ARK 21Shares BTC-ETF and ETH-ETF

The Chicago Board Options Exchange (CBOE), on behalf of ARK Invest and 21Shares, has submitted a proposal to amend the structure of the ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH) to allow for in-kind asset redemption. Cboe files 19b-4 to permit in-kind creations & redemption on BOTH the ARK 21Shares Bitcoin […]

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ForkLog 26 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 12 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 54 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 29 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 17 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 57 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 47 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 11 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 8 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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