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REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 26 (Reuters) - Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade. "I'm not sure if ETFs that have been filed for approval can move forward with the government shutdown," said Todd Rosenbluth, head of research at VettaFi. "This would just delay yet another decision on the never ending spot Bitcoin decision," said Todd Sohn, ETF and technical strategist at Strategas Securities. "ETFs are just pass through vehicles ... impact on the underlying markets will obviously impact ETFs," said Hector McNeil, co-CEO and founder of HANetf. "People will also probably pause if they're about to launch (new ETFs) and wait for steady waters."

Persons: Dado Ruvic, Exchange Commission's, Gary Gensler, I'm, Todd Rosenbluth, Todd Sohn, Hector McNeil, Bansari Mayur, Ira Iosebashvili, Anil D'Silva Organizations: REUTERS, Securities, Exchange, SEC, Strategas Securities, Thomson Locations: U.S, Bengaluru

In those cases, the SEC asked companies to review staff messages and report to the agency how many discussed work. SEC staff reviewed only a sample of messages themselves, according to three sources with knowledge of the previous investigations. As with broker-dealers, the SEC initially sought details on investment advisers' record-keeping policies. The SEC later demanded that the investment advisers hand over the messages, the sources said. The agency is ignoring important differences in investment advisers' recordkeeping requirements, said Jennifer Han, the MFA's executive vice president and chief counsel.

Persons: Carlo Allegri, Wall, Carlyle, Gary Gensler, Jaclyn Grodin, Storrs, JPMorgan Chase, Wells, Goldman Sachs, Morgan Stanley, Jennifer Han, Chris Prentice, Michelle Price, Marguerita Choy Organizations: New York Stock, REUTERS, Securities and Exchange Commission, SEC, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Apollo, Goulston, JPMorgan, Bank of America, Association, Bloomberg, Carolina, Thomson Locations: Manhattan, New York City , New York, U.S

☆ Crypto is growing up: Goodbye yacht parties and NFTs, hello regulation and practical tech
▼ + stars: | 2023-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

The three-day Messari Mainnet conference in New York was less expensive and less fun than it was a year ago. That's the sense I got after spending three days rubbing shoulders with crypto founders, blockchain pros, politicians and executives at Messari Mainnet in New York City. Coinbase hosted reporters at a press breakfast during Messari Mainnet 2023. AdvertisementAdvertisementThe long shadow of Gary GenslerGary Gensler, the chairman of the Securities and Exchange Commission, did not attend Messari Mainnet, but no one could stop saying his name. "Gary Gensler cannot state whether ethereum is a security or not," Ramaswamy told the audience.

Persons: Phil Rosen, Carlos Domingo, they're, Anthony Scaramucci, Jesse Pollak, Base, Coinbase, Crypto, Jess Houlgrave, WalletConnect, Houlgrave, Gary Gensler Gary Gensler, Scaramucci, Vivek Ramaswamy, Ramaswamy, Gensler, Gary Gensler, Coinbase's Pollak, Pollak, Messari Organizations: Service, Skybridge Capital, White House, Coinbase, Securities and Exchange Commission, Jiminy Cricket, SEC Locations: New York, Wall, Silicon, New York City, ethereum, Singapore, Hong Kong

☆ The SEC has a problem with the way funds are named, and is looking to do something about it
▼ + stars: | 2023-09-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

The Securities and Exchange Commission chair and the rest of the commissioners will vote on a new rule that would clarify what investment funds can call their funds. The SEC wants to clarify rules that govern what investment funds can name their funds. This is especially evident in the naming of funds, whether they are mutual funds or exchange-traded funds. The SEC proposal "would modernize the Names Rule for today's markets," he added. If the proposed rule is adopted, some funds may be under pressure to change their names.

Persons: Gary Gensler, Gensler, there's, There's, Dorothy M, Donohue Organizations: The Securities, Exchange Commission, SEC, Electric Vehicle Mutual Fund, Electric Vehicle, Nvidia, Microsoft, Electric Vehicles, The Investment Company Institute

☆ Gary Gensler Tells a Climate Whopper
▼ + stars: | 2023-09-19 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/gary-gensler-sec-climate-disclosure-rule-congress-testimony-ef28eda6

Persons: Dow Jones, ef28eda6

☆ SEC's Gary Gensler is waging war against crypto. Here's a look at how his views on the industry have evolved over the years
▼ + stars: | 2023-09-03 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +5 min

The SEC has waged war against the cryptocurrency industry this year with a string of lawsuits. At the heart of it is SEC chief Gary Gensler – who has railed against crypto since taking office. Amid his regulatory battle against crypto, Insider maps the evolution of his views on the sector. AdvertisementAdvertisementAs 2023 progresses, Gensler has become more hardline on crypto – waging lawsuits not just against FTX, but also the Binance and Ripple platforms. Lawsuit fatigueAfter almost six months of attrition warfare, Gary Gensler had crypto on the ropes.

Persons: Gary Gensler –, Gary Gensler, messier, Gensler, Satoshi's, Bitcoin, Sam Bankman, Ritchie Torres, Fortune Crypto Organizations: SEC, Service, Securities and Exchange Commission, Investments, CoinDesk, Goldman, Bloomberg TV Locations: Wall, Silicon

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest. The changes require private funds to issue quarterly fee and performance reports and to perform annual audits. Bryan Corbett, chief executive officer of the Managed Funds Association (MFA), said the rules will increase costs for investors and curb competition, he added. The other petitioners are the National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund Managers and the Loan Syndications & Trading Association.

Persons: Andrew Kelly, Gary Gensler, Bryan Corbett, Carolina Mandl, Jonathan Oatis, Peter Graff, Cynthia Osterman Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Friday, Funds, U.S, Circuit, Appeals, National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund, Trading Association, Gensler's SEC, Thomson Locations: Washington ,, New York

☆ What Grayscale’s bitcoin ETF victory over the SEC means for the cryptocurrency and an exhausted market
▼ + stars: | 2023-08-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin jumped 7% on investor hopes that the ruling will pave the way for approval of one or more spot bitcoin ETFs from BlackRock, Fidelity, Invesco and others. Yet the SEC's commitment to regulation by enforcement under Gensler, rather than laying out clear rules, has left companies struggling and hindered new bitcoin investors. If Tuesday's ruling does open the door to the first spot bitcoin ETF in the U.S., that could eventually push crypto prices higher. Owen Lau, an analyst at Oppenheimer, cautioned that Grayscale's court victory "doesn't necessarily mean the SEC will approve Grayscale's conversion, or that there will be a floodgate of spot bitcoin ETF approvals in the near term." Regardless, Tuesday's court decision "is not enough" to bust the market out of its summer stupor, Lau added.

Persons: Bitcoin, it's, Ric Edelman, Gary Gensler, Edelman, Owen Lau, Oppenheimer, Lau Organizations: SEC, ., Appeals, Securities and Exchange Commission, Fidelity, Digital Assets, Financial Professionals Locations: BlackRock, U.S

☆ State officials want Shein to prove it doesn't use forced labor before it goes public
▼ + stars: | 2023-08-30 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn't use forced labor before it files for a widely rumored initial public offering. "It is apparent that SHEIN is attempting to launch an IPO before the end of this calendar year. Shein has faced accusations that it used forced labor from the Xinjiang region in China to fuel its meteoric rise as rumors swirl that it is preparing to go public. "These are in raw materials so when we have a raw material positive test, that means that raw material is removed from production," Pernot-Day said. Pernot-Day said one of Shein's primary objectives at the moment is to get its positive test results down to zero.

Persons: Gary Gensler, SHEIN, Austin Knudsen, Shein, Peter Pernot, Oritain Organizations: U.S . Securities, Exchange, Montana's, Sparc Group, Chinese Communist Party, Bloomberg, CNBC, Politico Locations: U.S, Xinjiang, China, Shein

☆ A spot bitcoin ETF is much closer to reality, but investors aren't quite there yet
▼ + stars: | 2023-08-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.

Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,

☆ Bitcoin rallies more than 7% as court sides with Grayscale over the SEC in crypto ETF case
▼ + stars: | 2023-08-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The price of bitcoin surged Tuesday after the U.S. Court of Appeals for the DC Circuit ruled that the Securities and Exchange Commission was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an ETF. "Today's decision reaffirms that a bitcoin ETF in the U.S. is a matter of when, not if," said Steve Kurz, Global Head of Asset Management at Galaxy, which filed with Invesco for its bitcoin ETF. Grayscale initiated its lawsuit against the SEC in June 2022 after the agency rejected its application to turn its bitcoin trust, better known by its ticker GBTC, into an ETF. The company decided to pursue the ETF, which would be backed by bitcoin rather than bitcoin derivatives, after the SEC approved ProShares' futures-based bitcoin ETF in October 2021. The Grayscale Bitcoin Trust itself jumped 16%.

Persons: Bitcoin, bitcoin, it's, Steve Kurz, Invesco, Gary Gensler, —, Jesse Pound Organizations: Metrics, U.S ., Appeals, DC Circuit, Securities and Exchange Commission, SEC, Fidelity, Asset Management, Galaxy, SEC enforcements Locations: U.S, BlackRock

☆ Politicians to Shein: Not So Fast on U.S. Expansion
▼ + stars: | 2023-08-29 | by ( Jordyn Holman | More About Jordyn Holman | ) www.nytimes.com time to read: +1 min

Shein, the ultrafast fashion retailer widely popular among Generation Z and millennial shoppers, faces demands from more than a dozen state attorneys general to answer questions about its business practices as the company’s U.S. expansion continues. Shein has not commented on potential I.P.O. “It is apparent that Shein is attempting to launch an I.P.O. before the end of this calendar year,” the letter from the attorneys general said. of this magnitude — involving a foreign-owned company that is facing credible concerns about its core business practices — cannot move forward on self-certification alone.”

Persons: Gary Gensler, Shein, ” Organizations: Securities and Exchange Commission, U.S, Arm Holdings Locations: U.S, United States, China, Singapore

☆ US SEC readies vote on regulatory overhaul for private funds
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. At the time it was proposed, SEC Chair Gary Gensler said the changes would benefit investors in such funds, typically wealthy individuals and institutional investors like pension funds, and companies raising capital from them. "Private fund advisers, through the funds they manage, touch so much of our economy. Private funds reported holding $20.4 trillion in gross assets by the end of 2022, versus $8 trillion about a decade earlier, according to data available on the SEC's website. "We don't see that the SEC is solving anything with this," said Jack Inglis, CEO of the Alternative Investment Management Association.

Persons: Andrew Kelly, Gary Gensler, Sherrod Brown, Elizabeth Warren, Jennifer Han, Jack Inglis, Chris Prentice, Douglas Gillison, Michelle Price, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Exchange, Fund, SEC, Democratic, Industry, Citadel LLC, Association, Alternative Investment Management Association, Carolina, Thomson Locations: Washington ,, New York, Washington

The private fund industry manages $20 trillion in assets. They would also require funds to perform annual audits. "Private fund advisers, through the funds they manage, touch so much of our economy," he said at the time. The rule would require fund managers to disclose so-called "side letters" - an industry practice through which funds can offer some investors special terms - when they are financially material. Earlier, the proposed rules would require investors and private funds to re-write all their contracts.

Persons: Jim Bourg, Exchange Commission's, Gary Gensler, Andreesen Horowitz, Michelle Price, Nick Zieminski, Mark Porter Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Exchange, Citadel, Industry, Association, Alternative Investment Management Association, Thomson Locations: Washington, U.S

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Here are the highlights:PRIVATE EQUITY, HEDGE FUND FEESThe SEC on Wednesday finalized a sweeping overhaul of private rules with the aim of increasing transparency and fairness in the industry which oversees more than $20 trillion in assets. MONEY MARKET FUNDSThe SEC in July finalized rules aimed at increasing the resilience of the $5.5 trillion money market fund industry. MUTUAL FUND LIQUIDITY, PRICING RULESSimilarly, the SEC has proposed new rules aimed at better preparing the broader mutual fund industry for distress. The SEC says speeding up the disclosures is fairer on retail investors, who are disadvantaged by the current 10-day window.

Persons: Andrew Kelly, Gary Gensler, Chizu Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Rights, Wednesday, Thomson Locations: Washington ,

☆ Coinbase wins approval to offer crypto futures trading in US
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. The approval was granted by the National Futures Association (NFA), a self-regulatory organization designated by the Commodity Futures Trading Commission (CFTC). The NFA approval, which came nearly two years after Coinbase filed its application, could allow the company to expand into a largely untapped market. In July, crypto derivatives trading volumes globally totaled about $1.85 trillion, according to research firm CCData. The latest offerings will be from Coinbase Financial Markets, a unit of Coinbase.

Persons: Dado Ruvic, Coinbase, Brian Armstrong, Gary Gensler's, Niket, Saumyadeb Organizations: REUTERS, Securities and Exchange Commission, SEC, National Futures Association, Commodity Futures Trading Commission, Coinbase Financial, Thomson Locations: Bengaluru

☆ U.S. SEC says will continue to carefully review China IPO prospectuses
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - The U.S. securities regulator will continue to carefully review issuer filings, it said on Wednesday in response to a Reuters report that Chinese offshore issuers are toning down China-related business risks in their listing documents. "Our staff will continue its long-standing practice of carefully reviewing issuer filings and commenting to the issuer when appropriate." China's securities regulator last month asked domestic law firms to refrain from including negative descriptions of China's policies or its business and legal environment in initial public offering prospectuses, Reuters previously reported. China law firms are now scrambling to comply with that guidance.

Persons: Andrew Kelly, Marco Rubio, Gary Gensler, Michelle Price Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, Securities and Exchange Commission, SEC, Reuters, Foreign Relations, Thomson Locations: Washington ,, U.S, China

☆ SEC delays decision on bitcoin ETF from Cathie Wood's Ark Invest
▼ + stars: | 2023-08-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Ark Invest CIO Cathie Wood told Bloomberg News earlier this week that she expected the SEC to make a decision on multiple funds at once. Crypto investment firm Grayscale is still awaiting a court decision after the SEC repeatedly rejected its proposal to convert the Grayscale Bitcoin Trust into an ETF. The Cboe BZX exchange filed with the SEC for a rule change in April that would allow the listing of the Ark21 spot bitcoin fund. The filing has since been amended several times and now includes a surveillance-sharing provision that was introduced in BlackRock's filing for a bitcoin fund. The SEC has rejected dozens of prior applications to create a spot bitcoin ETF, and SEC Chair Gary Gensler appeared to be leading a crackdown against the crypto industry earlier this year.

Persons: Gary Gensler, Cathie Wood Organizations: SEC, U.S . Treasury, The Securities, Exchange Commission, ETF, Bloomberg News Locations: Washington ,, BlackRock, WisdomTree

REUTERS/Andrew Kelly/File PhotoNEW YORK, Aug 9 (Reuters) - The U.S. Securities and Exchange Commission plans to appeal a recent court decision involving Ripple Labs that was a setback for the agency's efforts to oversee cryptocurrency markets. The SEC said an appeal could address legal issues on which there was "substantial ground for differences of opinion." Torres' decision was not a total victory for Ripple, as she found that it violated securities laws by selling XRP to institutional investors. The judge must decide whether to let the SEC appeal her decision, and put the case on hold. Ripple, and lawyers for Ripple, Garlinghouse and Larsen did not immediately respond to requests for comment.

Persons: Andrew Kelly, Analisa Torres, Ripple, Brad Garlinghouse, Chris Larsen, Torres, Jed Rakoff, Larsen, Gary Gensler, Coinbase, Jonathan Stempel, Chris Prentice, Jody Godoy, Chris Reese, Lisa Shumaker, Diane Craft Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Ripple Labs, SEC, U.S, District, Terra, Terraform Labs, Thomson Locations: Washington ,, Manhattan, U.S, Gensler, New York

☆ Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
▼ + stars: | 2023-08-08 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. U.S. regulators on Tuesday announced a combined $549 million in penalties against Wells Fargo and a raft of smaller or non-U.S. firms that failed to maintain electronic records of employee communications. It was regulators' latest effort to stamp out the pervasive use of secure messaging apps like Signal, Meta 's WhatsApp or Apple 's iMessage by Wall Street employees and managers. Starting in late 2021, the watchdogs secured settlements with bigger players including JPMorgan Chase , Goldman Sachs , Morgan Stanley and Citigroup . Fines related to the issue total more than $2 billion, according to the SEC and CFTC.

Persons: Gary Gensler, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Sanjay Wadhwa Organizations: . Securities, Exchange Commission, SEC, Banking, Housing, Urban Affairs Committee, Capitol, Wells, Securities, Futures Trading, Wall Street, JPMorgan, Citigroup, CFTC Locations: Washington, U.S

☆ The deadline for a ruling on Ark's application for a bitcoin ETF is near
▼ + stars: | 2023-08-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Ark's application for a spot bitcoin ETF was published in the Federal Register on May 15. Get in line: Bitcoin ETF applications(Date filed & Last possible review) Ark/21 Shares Bitcoin Trust 5/15/23 1/10/24Bitwise Bitcoin ETF Trust 7/18/23 3/15/24BlackRock Bitcoin ETF Trust 7/19/23 3/16/24VanEck Bitcoin Trust 7/19/23 3/16/24WisdomTree Bitcoin Trust 7/19/23 3/16/24Valkyrie Bitcoin Fund 7/19/23 3/16/24First Trust Galaxy Bitcoin 7/19/23 3/16/24Fidelity Wise Origin Bitcoin Trust 7/19/23 3/16/24 A ninth organization, Grayscale, has filed to convert its Grayscale Bitcoin Trust into a Bitcoin Spot ETF. 'Surveillance sharing agreement'The SEC has denied all prior spot bitcoin ETF applications, citing fraud and manipulation in the underlying markets. Supporters of a spot bitcoin ETF have been emboldened by a court case unfolding between Grayscale Bitcoin Trust (GBTC) and the SEC. Seif runs the Purpose Bitcoin ETF, a spot bitcoin ETF that has been trading in Canada since February, 2021.

Persons: Marco Bello, Reuters It's, Matt Hougan, It's, Neomi Rao, Bitcoin, Som Seif, Seif, Gary Gensler, Gensler, We're, Ric Edelman, Edelman, Bloomberg Intelligence's James Seyffart, Eric Balchunas Organizations: Reuters, SEC, The Securities, Exchange, Federal Register, Federal, Bitwise Asset Management, Bitcoin, BlackRock, Nasdaq, Digital Assets, Financial, CNBC, Bloomberg Locations: Miami Beach , Florida, U.S, BlackRock, Bitwise, Washington, Canada

Mr. Gensler outlined some of his biggest concerns in an interview with DealBook’s Ephrat Livni. could be the next big systemic risk to the financial system. In 2020, Mr. Gensler co-wrote a paper about deep learning and financial stability. Mr. Gensler expects that the United States will most likely end up with two or three foundational A.I. “This technology will be the center of future crises, future financial crises,” Mr. Gensler said.

Persons: Gary Gensler, Gensler, DealBook’s Ephrat Livni, A.I, Mr Locations: United States

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

☆ The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated
▼ + stars: | 2023-08-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A federal judge said the SEC has plausible reason to see Terraform's crypto as a security. This goes against another judge's decision last month that said XRP was not a security in some cases. The separate findings complicate the regulatory outlook for the crypto industry. Last month's finding in the Ripple case was followed by a rally throughout the crypto industry, as investors celebrated some clarity over the nature of digital tokens. This opposing legal view adds new confusion for crypto investors and further uncertainty concerning other SEC lawsuits.

Persons: XRP, Jed Rakoff, Kwon, Rakoff, Analisa Torres, Binance, Gary Gensler Organizations: SEC, Service, US, Securities and Exchange Commission, Bloomberg Locations: Wall, Silicon

☆ Bitcoin was the only cryptocurrency the SEC asked Coinbase not to delist, CEO says
▼ + stars: | 2023-07-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Securities and Exchange Commission asked Coinbase to delist over 200 crypto assets, CEO Brian Armstrong said. If Coinbase followed through, the recommendation would have halted the trading of over 200 crypto assets. The SEC request was made on the argument that, aside from bitcoin, each of the cryptocurrencies was an unregistered security. A day prior, it also sued crypto competitor Binance, also citing the unauthorized sale of securities. But in mid-July, the ongoing debate about the nature of crypto assets took a turn against the regulator, when the SEC lost its lawsuit against Ripple's XRP token.

Persons: Coinbase, Brian Armstrong, Armstrong, that's, we're, Gary Gensler, it's, Ripple's, XRP Organizations: Securities, Exchange Commission, Financial Times, Service, US Securities and Exchange Commission, SEC, Bloomberg Locations: Wall, Silicon, bitcoin, XRP

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