JPMorgan has voiced doubts about the Securities and Exchange Commission’s (SEC) probability of approving spot Ethereum exchange-traded funds (ETFs) by May, which is the first deadline for such approvals. Nikolaos Panigirtzoglou, a representative from JPMorgan, highlighted the importance of the SEC’s classification of ETH as a commodity, akin to Bitcoin, for the approval of spot […]
Following the approval of spot Bitcoin ETFs, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has expressed caution regarding Ethereum. In a recent interview with CNBC, Gensler discussed the potential for a spot Ethereum ETF to gain SEC approval in the future. While he acknowledged the approval of Bitcoin ETFs, he stressed […]
Blackrock CEO Larry Fink has expressed his belief in the potential of an Ethereum exchange-traded fund (ETF), stating that he “sees value” in such a product. This comes after Blackrock, along with other financial institutions like Fidelity and VanEck, have filed for spot Ethereum ETFs. The U.S. Securities and Exchange Commission (SEC) is expected to […]
The approval process for an Ethereum Exchange-Traded Fund (ETF) appears uncertain, especially when compared to the recent launch of a Bitcoin ETF. The Bitcoin ETF launch was not without its challenges, including debates and lawsuits, but the Security and Exchange Commission (SEC) Chair, Gary Gensler, has always referred to Bitcoin as a commodity.However, Gensler’s stance […]
CoinShares, a leading European crypto investment firm, has announced its decision to acquire Valkyrie Funds, a US-based competitor. This move comes shortly after the US Securities and Exchange Commission approved Valkyrie Fund’s application for a spot in Bitcoin ETF, along with ten other issuers, on January 10. The approved ETF, known as Valkyrie Bitcoin Fund […]
The Commodity Futures Trading Commission (CFTC) recently highlighted a significant issue within DeFi systems, namely the lack of clear responsibility and accountability. The report stressed the considerable risks that DeFi systems present to consumers, investors, financial stability, market integrity, and the fight against illicit finance. The main concern is the absence of a robust mechanism […]
US Senator Ron Wyden, who also serves as the Chairman of the Senate Finance Committee, has called for an official investigation into the recent hacking of the US Securities and Exchange Commission’s (SEC) X account. The request, co-authored by crypto advocate Cynthia Lummis, also seeks to probe the SEC’s alleged failure to implement the best […]
The Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has confirmed that there is currently no evidence of unauthorized access to SEC systems, data, devices, or other social media accounts. This statement comes in response to a cybersecurity incident involving unauthorized access to the SEC’s @SECGov X account, previously known as […]
Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), has agreed to a settlement with the New York Department of Financial Services (NYDFS) on January 12th. The settlement includes an $8 million penalty, following an agency investigation that uncovered significant shortcomings in the company’s anti-money laundering and cybersecurity programs. The NYDFS stated that these […]
For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]
