The ongoing lawsuit between the Securities Exchange Commission (SEC) and Coinbase has taken a new turn as the presiding judge reschedules the pretrial conference. Originally set for August 24, the conference has now been moved forward to July 13. This decision was made in response to a request by the SEC, which asked for a
Regulation
Fidelity Investments has resubmitted its application for a Bitcoin exchange-traded fund (ETF) called Wise Origin Bitcoin Trust. The initial application was filed in 2021 but was rejected by the SEC in January 2022, along with other applications for spot Bitcoin ETFs. Despite this, the recent approval of BlackRock’s spot Bitcoin ETF has sparked renewed interest
In a recent interview, Elliot Johnson of Evolve ETFs, a Canadian investment firm that manages the EBIT spot Bitcoin ETF, discussed the crucial factor that could lead to BlackRock’s success in obtaining its Bitcoin ETF. Johnson emphasized the importance of BlackRock’s surveillance agreement, which sets it apart from other filings. According to Johnson, the distinctive
The Blockchain Association has called for Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), to recuse himself from regulatory proceedings due to allegations of “clear bias” against the cryptocurrency industry. In a statement written by Senior Counsel Marisa Coppel, it is argued that Gensler’s statements declaring all cryptocurrencies, except Bitcoin, to
The CEO of BitGo, Mike Belshe, recently spoke about the state of cryptocurrency regulations in the United States, expressing his views on the matter. Belshe believes that regulators in the U.S. have adopted a strict approach towards the crypto industry. This approach has led institutions and institutional investors to prioritize compliance with regulations. Belshe acknowledges
The Law Commission of England and Wales has recommended that digital assets, including cryptocurrencies, should be classified as a distinct category of personal property. In its final recommendation report, published on June 28, the Law Commission put forth four specific recommendations to the government. The first recommendation emphasized the need for legislation to recognize cryptocurrencies
Japan’s National Tax Agency has recently revised its corporate tax rules for issuers of cryptocurrency. The updated regulations exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings as long as two conditions are met. Firstly, the tokens must be issued by the firm and held continuously since issuance. Secondly, the
Binance, a cryptocurrency exchange, is currently facing legal challenges in several jurisdictions around the world. Now, a Brazilian lawmaker, Alfredo Gaspar, has requested that the General Manager of Binance Brazil, Guilherme Haddad Nazar, appear before the National Congress to answer questions regarding the company’s operations in cryptocurrency management and possible partnerships with national companies involved
During an interview with Yahoo Finance on June 22, US Senator Cynthia Lummis criticized the Securities and Exchange Commission’s (SEC) recent enforcement action against cryptocurrency exchange Coinbase, despite the company’s attempts to comply with regulators. She was perplexed as to why the SEC would take such action against Coinbase when the company had publicly shown
Bitcoin (BTC) saw a sudden surge in price to $138,000 on Binance.US during the early hours of June 21. However, the spike was very brief and lasted only seconds before returning to its normal level. The flash-pump was specific to the exchange’s BTC/USDT trading pair, while other assets continued trading at their usual levels. SEC