Institutional investors have long sought access to assets in a familiar environment, and exchange-traded funds (ETFs) provide just that. For years, various product providers have been attempting to launch the first spot-based US Bitcoin ETF, but the Securities and Exchange Commission (SEC) has been steadfast in its refusal to approve such a product, despite approving […]
Jay Clayton, the former US Securities and Exchange Commission (SEC) Chair, has expressed his confidence that the approval of a Bitcoin (BTC) spot Exchange-Traded Fund (ETF) is inevitable. In a recent interview with CNBC, Clayton highlighted the demand from retail investors and the willingness of trusted providers to offer this investment product to the public. […]
Ripple’s legal team has suggested that the United States Securities and Exchange Commission (SEC) has not met the requirements to request an appeal in the ongoing lawsuit between the two parties. In a filing with the U.S. District Court for the Southern District of New York, Ripple’s lawyers argued that the SEC’s grounds for an […]
The Reserve Bank of India (RBI) has announced that its central bank digital currency (CBDC), the digital rupee, will have enhanced usability thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. This marks the first integration of the UPI with the CBDC, and Yes Bank account holders […]
The Securities and Exchange Commission (SEC) has taken an unexpected step in its ongoing case against Binance, the world’s leading crypto exchange. This week, the SEC submitted a sealed motion with over 35 exhibits to the court. Filing documents “under seal” is not common practice for the SEC and allows for the submission of sensitive […]
Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) […]
In an effort to promote decentralization and responsible blockchain growth, four major Ethereum staking providers have agreed to a self-imposed limit of less than 22% of the total staking power on the network. This self-limit rule is seen as a proactive approach to mitigate centralization within the Ethereum ecosystem and ensure the blockchain has long-term […]
Former SEC Chairman Jay Clayton believes that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is inevitable. In a recent interview on CNBC Squawk Box, Clayton stated that it is clear that Bitcoin is not a security and that retail and institutional investors want access to it. He also noted that trusted […]
The United Kingdom has implemented the Travel Rule for crypto, which requires virtual asset service providers (VASPs) to collect, verify and share information relating to crypto-asset transfers. This rule applies to both inbound and outbound payments, and VASPs must make a risk-based assessment as to whether to make the cryptoassets available to the beneficiary. The […]
New York Judge Katherine Failla recently ruled that Ethereum (ETH) is a commodity, rejecting a class action lawsuit against the leading decentralized exchange Uniswap. Judge Failla is also in charge of the SEC’s ongoing case against Coinbase. In her ruling, she stated that the smart contracts involved in the exchange of ETH and Bitcoin were […]
