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Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past week, two more tendered applications for crypto ETF-like products — if not pure-play Bitcoin ETFs have emerged. WisdomTree, an asset manager
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WisdomTree Trust is seeking to launch an exchange-traded fund (ETF) that invests in part in the growing bitcoin futures market. The New York City-based asset manager filed on Tuesday for an ETF that may invest up to 5% of its net assets in the Chicago Mercantile Exchange’s (CME) bitcoin futures contracts,
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A noted crypto defender at the United States Securities and Exchange Commission has spoken to the end of her term scheduled for June, as well as the relationship between a potential digital dollar and independent crypto.A digital dollar and other stablecoinsIn an April 28 webstream with Crypto Finance Conference St.
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Telegram has pointed to a fresh precedent that could bolster its argument against allegations it violated United States federal securities laws.In a March 6 letter to Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York, Telegram brought attention to a recent case
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Will a newly proposed "safe harbor" transform the U.S. regulatory landscape for token projects? CoinList CEO Andy Bromberg discusses.Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a three-year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law
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United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed safe harbor for token projects.After initially floating the idea in August 2019, Peirce has now formally presented a regulatory vision that would create a safe harbor for projects that raise funds to build decentralized networks.Peirce proposes
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As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to CryptoX’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.”Backdropped by recent efforts to update
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The secure messaging app giant Telegram has asked the US court to dismiss allegations placed on the company regarding its Gram token being security by the Securities and Exchange Commission (SEC). The company drafted a court filing, detailing its case and rebutting the list of imputations hurled on the firm
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The US Securities and Exchange Commission (SEC) is right about their decision to reject bitcoin exchange-traded funds, believes Jake Chervinsky of San Francisco-based Compound Finance.The general counsel on Thursday said the US securities regulator has valid concerns about bitcoin’s price volatility. He referred to the cryptocurrency’s latest price drop, wherein
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