Regulatory Developments 32 | MachinaTrader.com

Bitcoin Spot ETF Approval Anticipated, BlackRock Prepares $2 Billion

As the deadline for the United States Securities and Exchange Commission (SEC) to approve Bitcoin spot ETF (exchange-traded fund) approaches, approximately a dozen applicants have submitted 19b-4 amendment documents. This latest development involves 11 asset management firms, including BlackRock, Grayscale, Valkyrie, ARK 21shares, Hashdex, Biteise, Invesco Galaxy, Fidelity, VanEck, WisdomTree, and Franklin Templeton.These submissions are […]

SEC Expected to Approve Spot Bitcoin ETF Amid Market Speculation

The Securities and Exchange Commission (SEC) has been a significant topic of discussion in the crypto community in recent years, primarily due to its actions against various companies and projects. However, the agency is now anticipated to approve a spot Bitcoin ETF in the US, after a decade of rejecting all proposals.The new year brought […]

Coinbase Aims to Expand EU Derivatives Offering with Cyprus Acquisition

Coinbase is set to broaden its derivatives offerings in the European Union through the acquisition of a MiFID-licensed entity in Cyprus. This move, which is still awaiting regulatory approval, is expected to bolster Coinbase’s market presence in 2024.MiFID II is the EU’s revised legislation governing financial instruments. The legislation was updated in 2017 to address […]

Better Markets CEO Warns SEC Against Approving Bitcoin Spot ETFs

Dennis M. Kelleher, Co-Founder and CEO of Better Markets, a non-profit organization dedicated to promoting public financial interest, has issued a strong warning to the US Securities and Exchange Commission (SEC) against the approval of Bitcoin spot ETFs. This comes at a time when market analysts are hopeful that the SEC will approve several applications […]

Better Markets CEO Urges SEC to Reject Spot Bitcoin ETF Proposal

Dennis M. Kelleher, CEO of the nonprofit organization Better Markets, has expressed strong opposition to the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). Kelleher argues that such an approval would contradict the principles of the regulatory body and expose investors to significant risks.In a letter […]

Bitcoin ETF Approval Could Drive Price Surge to $500,000

Bitcoin’s price has regained previously lost territory, sparking renewed hope among investors. This comes in the wake of reports suggesting that the US Securities and Exchange Commission (SEC) would reject the long-awaited Bitcoin spot exchange-traded funds (ETFs). However, the approval of these index funds is not expected to occur immediately, but sources indicate that the […]

SEC Files Motion Against Binance Citing Terraform Labs Case Precedent

The US Securities and Exchange Commission (SEC) has lodged a motion against Binance, the world’s largest crypto exchange, in the US District Court for the District of Columbia. The motion draws parallels between its actions against Binance, Binance US, and its former CEO and founder, Changpeng Zhao, and the Terraform Labs case, where co-founder Do […]

SEC Files Motion Against Binance Citing Terraform Labs Case Precedent

Financial Advisors Skeptical of Spot Bitcoin ETF Approval, Survey Reveals

A recent survey conducted by Bitwise, a crypto asset manager, and VettaFi, a data and analytics platform, has revealed that most financial advisors are not hopeful about the US federal regulators approving the much-awaited spot Bitcoin (BTC) exchange-traded fund (ETF).The U.S. Securities and Exchange Commission (SEC) is set to make a decision on January 10th […]

SEC Instructs Bitcoin ETF Exchanges to Submit Final Filings

The U.S. Securities and Exchange Commission (SEC) has reportedly instructed several ETF participants to submit updated filings. This information was revealed by Bloomberg on January 5, citing four sources. The SEC has asked exchanges and issuers to submit the final versions of their 19b-4 filings as early as Friday.Two of Bloomberg’s sources also mentioned that […]