The US Securities and Exchange Commission (SEC) has denied reports that it approved BlackRock’s application to launch a Bitcoin exchange-traded fund (ETF). The false reports caused a temporary price rally for Bitcoin. The SEC cautioned against believing unverified sources and urged users to rely on verified information. US attorney John E. Deaton, who represents XRP investors in a lawsuit against the SEC, criticized the agency and suggested trusting independent judges instead. Deaton referenced court opinions that have deemed the SEC’s actions inconsistent and its denial of a Bitcoin ETF as “utter nonsense.” The SEC has faced legal battles with various crypto companies, including losses to Ripple and Grayscale, as well as lawsuits against Binance and Coinbase for alleged breaches of securities laws.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	John E. Deaton
Companies	BlackRock, Grayscale, Coinbase, Binance, SEC, XRP, Ripple
Currencies	Solana, Polygon, Cardano, BNB, Bitcoin, XRP
Securities	None