Ripple has escalated its legal battle with the U.S. Securities and Exchange Commission (SEC), filing a cross-appeal to challenge unresolved issues around XRP sales. This comes after the SEC sought to overturn parts of the rulings that cleared Ripple’s retail XRP transactions from securities violations. Ripple’s latest move aims to ensure the SEC’s arguments on…
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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has repeated earlier warnings about crypto “non-compliance” being a global “Wild West,” as speculative fever for BTC exchange-traded funds continues to swelter, with monolithic asset manager Blackrock revealing a plan to seed its own ETF with $10 million on Jan. 3. This and more just below,…
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ETH rallied alongside Bitcoin as new spot ETF news emerged, and the altcoin could benefit from the failure of its layer-1 competitors. Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This…
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Bitcoin edged slightly higher on Thursday, following comments from the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler said the commission was currently reviewing eight to ten applications from firms looking to launch a bitcoin exchange-traded-fund (ETF). Bitcoin Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments…
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In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities and Exchange Commission (SEC), the pair…
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According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,” a force that could compel the U.S. Securities and Exchange Commission to…
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Bitcoin price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable according to derivatives data. Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted…
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Jay Clayton, former U.S. Securities and Exchange Commission (SEC) chairman, gave his opinion about how the organization approaches enforcement in the crypto space. In a Bloomberg Invest panel, Clayton stated that while he supports the agency and the law, the crypto regulation issue should be treated with nuance. Former SEC Chairman Jay Clayton Calls for…
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Ripple CEO Brad Garlinghouse did not hold back on Twitter in criticizing the US Securities and Exchange Commission for its “hypocrisy” in public statements about the cryptocurrency industry. Garlinghouse tweeted a meme from The Office where a character looks befuddled in response, while adding a pointed message to the SEC on Tuesday. … Read More: Ripple…
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US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets. Gensler was asked on Monday during Atlanta Fed’s 2023 Financial Markets Conference to comment on the dispute with Coinbase why the SEC doesn’t want to publish crypto rules. The rules have…
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