Archives

January 10, 2024 @ 4:57 pm By JD Alois  |  

As was reported earlier today, after an extended deliberation, the Securities and Exchange Commission (SEC) has approved eleven Bitcoin ETFs. CI has received multiple comments on the approval which is a seminal event for the crypto industry. Rajeev Bamra, SVP of Digital Finance at Moody’s… Read More

January 10, 2024 @ 4:21 pm By JD Alois  |  

After a false start yesterday, the Securities and Exchange Commission has filed an Order granting approval for eleven spot Bitcoin ETFs to trade on national exchanges. According to the document: “NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and… Read More

January 10, 2024 @ 10:13 am By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) posted a video on X discussing the recent Staff review of the definition of an Accredited Investor. The video states that the review of fhe definition is mandated to take place every four years, according to Dodd-Frank. The… Read More

January 9, 2024 @ 4:30 pm By JD Alois  |  

Minutes ago, it was reported that the  Securities and Exchange Commission (SEC) had approved the first Bitcoin Exchange Traded Funds (ETF). Apparently, the SEC’s X account was “compromised,” and the statement on X by SEC Chair Gary Gensler was bogus. The X has now been… Read More

January 8, 2024 @ 9:21 am By JD Alois  |  

This past Friday, the Securities and Exchange Commission (SEC) revealed an enforcement action that was initially filed last October. According to the SEC, it received a temporary restraining order, an asset freeze, and other relief to halt an ongoing fraud targeting the Indian community that… Read More

January 3, 2024 @ 1:35 pm By JD Alois  |  

Commissioner Mark Uyeda has been sworn in for a second term at the Securities and Exchange Commission (SEC). His previous term expired in 2023, and now Uyeda may remain at the SEC until 2028. Uyeda is one of two Republican Commissioners – the other being… Read More

December 29, 2023 @ 1:20 pm By JD Alois  |  

Online capital formation became legal following the approval of the JOBS Act of 2012. Signed into law by President Obama, the bipartisan legislation sought to make it easier for firms to raise money from both accredited and non-accredited investors. While the bill was signed into… Read More

December 22, 2023 @ 11:48 am By JD Alois  |  

The Securities and Exchange Commission has settled charges with BarnBridge DAO and its two founders, BarnBridge DAO Troy Murray and Tyler Ward, according to a statement by the Commission. Barnbreige will pay approximately $1.7 million in a penalty regarding allegations that Smart Yield Bonds, a digital… Read More

December 21, 2023 @ 12:35 pm By Omar Faridi  |  

In October of this yuear, Judges for the US Fifth Circuit Court of Appeals had reportedly provided the US Securities and Exchange Commission (SEC) a 30-day period ion order to “correct defects in the rule,” while noting that the agency had violated the Administrative Procedure… Read More

December 18, 2023 @ 1:33 pm By JD Alois  |  

As expected, Coinbase (NASDAQ:COIN) has filed a response to the Securities and Exchange Commission’s (SEC) decision to deny the Petition for Rulemaking commenced July of 2022 by the crypto exchange. The SEC issued a statement on the request for rulemaking this past Friday. Coinbase is… Read More

December 15, 2023 @ 4:13 pm By JD Alois  |  

As should come as no surprise, Coinbase (NASDAQ:COIN) is planning to quickly respond to the Securities and Exchange Commission’s (SEC) denial of their petition for rulemaking in regard to specific digital asset rules. Earlier today, CI reported that SEC Chairman Gary Gensler issued a statement… Read More

December 15, 2023 @ 11:49 am By JD Alois  |  

Today, the staff of the Securities and Exchange Commission (SEC) has issued a report that reviews the definition of an Accredited Investor. In brief, an Accredited Investor is someone who earns over $200,000 a year or has a net worth of over $1 million –… Read More

December 15, 2023 @ 11:36 am By JD Alois  |  

Earlier this morning, the Securities and Exchange Commission (SEC) issued a statement denying the petition for rulemaking commenced almost two years ago by Coinbase (NASDAQ:COIN), the largest digital asset exchange in the US. SEC Chair Gary Gensler declared, “… To the extent that crypto assets… Read More

December 15, 2023 @ 10:50 am By JD Alois  |  

Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a statement on the denial of a petition pursued by Coinbase (NASDAQ:COIN) in regard to a demand to craft specific rules for digital assets. In 2022, Coinbase announced a formal petition asking the SEC to:… Read More

December 15, 2023 @ 8:43 am By Omar Faridi  |  

As expected by most crypto industry participants, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to greenlight a spot Ethereum (ETH) exchange-traded fund (ETF), which had been proposed by Invesco and Galaxy Digital. As part of a December 13, 2023… Read More

December 6, 2023 @ 5:21 pm By JD Alois  |  

Today, Chairman Gary Gensler announced an update to the Securities and Exchange Commission’s regulatory agenda for the fall of 2023. While we have not compared with the prior iteration, topics like Reg D and Accredited Investor definition,  12-g rules and ATS updates are still on… Read More

December 4, 2023 @ 1:26 pm By JD Alois  |  

The SEC Small Business Capital Formation Advisory Committee (SBCFAC) returned to meet this past week with the definition of an Accredited Investor at the top of the list for discussion. The SBCFAC provides guidance to the Commission on issues that impact smaller firms, which frequently… Read More

November 29, 2023 @ 6:48 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is requesting the public for additional feedback regarding the proposed spot Bitcoin (BTC) exchange-traded-funds (ETFs) from Franklin Templeton and Hashdex. The SEC stated on Tuesday (November 28, 2023) that it is seeking more feedback from the public regarding… Read More

November 22, 2023 @ 5:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), is scheduled to meet next week, and it has just posted its agenda. Probably the most interesting subject on the list of topics is the segment on the definition of an Accredited… Read More

November 21, 2023 @ 8:46 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) filed a complaint alleging that Kraken operates as “an unregistered securities exchange, broker, and clearing house.” Kraken says they disagree and intend “to vigorously defend their position in court.” The news has no impact “on the products they… Read More