As the Securities and Exchange Commission (SEC) is on the brink of approving a Bitcoin spot ETF, its chair, Gary Gensler, has issued a warning to cryptocurrency investors. His statements, made on January 8th, have sparked intense discussions within the crypto community about the likelihood of the SEC approving a Bitcoin spot ETF on January […]
The United States Commodity Futures Trading Commission (CFTC) has published a comprehensive report outlining the challenges decentralized finance (DeFi) is currently facing. The report underscores the urgent need for increased accountability and clear delineation of responsibilities within the broader DeFi sector.The report was prepared by the CFTC’s Digital Assets and Blockchain Technology subcommittee, under the […]
As the deadline for the approval of several spot Bitcoin ETFs approaches on January 10, the US Securities and Exchange Commission (SEC) has stirred up a debate within the crypto community. The SEC has sent new comments on updated S-1 filings just hours after their submission, leading to speculation about the potential implications for the […]
The approval of spot Bitcoin ETFs in the United States appears to be inevitable. This comes after the US Securities and Exchange Commission (SEC) has taken civil actions to weed out the majority of rogue players, ensuring transparency and proper reporting to investors. The cryptocurrency is on the brink of a new era of mainstream […]
The Basler Insurance Group, Baloise, is facing a potential change in its voting rights restriction. The Swiss asset manager, zCapital, intends to abolish the existing voting and registration restriction of 2 percent at Baloise’s next general meeting on April 26, according to a recent announcement from the fund company, which specializes in governance and stewardship […]
Switzerland’s financial markets regulation is under scrutiny due to its dysfunctional regulatory framework. Unlike the United States, which has a functional regulatory framework with proper checks, balances, and effective recourse in cases of regulator misconduct, Switzerland lacks proper oversight and recourse when the regulator behaves badly.The Securities and Exchange Commission (SEC) in the U.S. admitted […]
Former chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has stated that the approval of a spot Bitcoin ETF is “inevitable”. In a recent interview with CNBC, Clayton expressed his belief that the SEC will soon approve the first spot Bitcoin ETF for trading in the United States. This comes after […]
The US Securities and Exchange Commission (SEC) has recently filed a notice of supplemental authority in its lawsuit against Binance, Binance.US, and former CEO Changpeng ‘CZ’ Zhao. The SEC is citing the judgment in SEC v. Terraform Labs as a significant precedent in its case. This strategic move is aimed at leveraging the Terra ruling […]
Citigroup, a New York-based financial institution, is reportedly planning to establish its onshore investment banking unit in mainland China. The bank aims to launch this unit within a timeframe of 12 to 18 months, as per a report by Reuters that cites anonymous sources.The American lender has set a target to accommodate 30 individuals for […]
The U.S. Securities and Exchange Commission (SEC) has started to publish notices of filing updates related to spot Bitcoin ETFs. As of 10:45 p.m. UTC, the SEC’s national securities exchange page listed amendments to eight 19b-4 filings detailing proposed rule changes. Six of these updated filings concern proposed rule changes through which the Cboe BZX […]
