The Securities and Exchange Commission disapproval order of the GraniteShares Bitcoin ETF
Order disapproving a proposed rule change to list and trade the shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF
Getting real — Why SEC approval of a Bitcoin ETF remains a huge hurdle
Another refusal by the SEC for the ProShares ETF reveals that ‘getting to yes’ will be much harder than most people realize — and that the potential for market manipulation continues to be the major stumbling block for a Bitcoin ETF approval
The Securities and Exchange Commission disapproval order of the Direxion Bitcoin ETF
Order disapproving a proposed rule change relating to listing and trading of the Direxion Bitcoin ETF
The Securities and Exchange Commission disapproval order of the ProShares Bitcoin ETF
Order disapproving a proposed rule change to list and trade the shares of the ProShares Bitcoin ETF and the ProShares Short Bitcoin ETF
Bitcoin-backed ETF’s on SEC radar again
Speculation that the regulator might be coming close to approving Bitcoin-backed ETFs is high as the agency asks for public comment on another application for a Bitcoin-backed ETF
Crypto a threat to central bank driven monetary policy says IMF
As the IMF recognizes a threat to the banking monopoly, the SEC has appointed a specialist crypto advisor
SEC launch spoof ICO to warn naive ICO investors
SEC launches HoweyCoins — an ICO investment satire intended to educate gullible investors about ICO scams
Comments on NYSE Arca Rulemaking of the Direxion Bitcoin ETF
On January 4, 2018, NYSE Arca, Inc. (“NYSE Arca” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”) a proposed rule change to list and trade bitcoin exchange-traded fund (ETFs).
Crypto exchanges in SEC cross-hairs
The SEC has continued its guidance relating to all things crypto with a statement in early March regarding the legality of exchanges. While the statement doesn’t name any specific exchanges, it does make it clear the SEC considers many exchanges to be acting contrary to US securities law by trading assets the SEC considers to be securities.
SEC sweep might herald progress in the ICO market
The SEC sweep of ICOs does not mean that the regulator is taking issue with the concept of the Sale of Future Tokens (SAFT) per se, but rather with several specific issues that have become associated with the structure. David Weisberger explains important principles of securities laws that many SAFT launches and public ICOs potentially violate. Taken as a whole, adherence to these principles could create a better market for both entrepreneurs and investors, he argues.
SEC suspends ‘bandwagon’ blockchain companies from trading
True to its word, the SEC has begun punishing listed companies that have previously had zero ties to the blockchain or digital currencies and have announced, with little to no supporting evidence, that they were moving into the cryptocurrency or blockchain space in some form or another.
SEC Chairman gives ICO lawyers a “stern” talking to
U.S. Securities and Exchange Commission chairman Jay Clayton has once again expressed his concern with the attitudes and approach taken by many in the legal profession when advising ICO clients. Giving the opening address at the annual Securities Regulation Institute conference in Washington, Clayton said; "My first message is simple and a bit stern. Market professionals, especially gatekeepers, need to act responsibly and hold themselves to high standards."
Blockchain For Securities Trading: Black Swan Or In-house Pet?
The Securities and Exchange Commission (SEC) has been assessing how to allow blockchain technology to be integrated into the regulatory landscape. A potpourri of market participants vies to influence this process. All agree changes are coming. Some would change securities trading and settlement in ways that would curb market abuse and level the playing field for investors, especially retail investors; while others are proposing changes that could steepen it.
SEC Chairman issues advice to ICO investors
On Monday this week, U.S. Securities and Exchange Commission Chairman Jay Clayton issued the following advice to market professionals considering investing in ICOs. "The world's social media platforms and financial markets are abuzz about cryptocurrencies and initial coin offering. There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain,'this time is different.'
When will Bitcoin ETFs get approval?
When will Bitcoin exchange traded funds (ETFs) be approved? In March this year the Winklevoss Twins Bitcoin ETF application was rejected by the Securities and Exchange Commission (SEC). Then both investment management firm VanEck and ETF specialists Rex Shares withdrew filings with the SEC to launch ETFs. The SEC has argued that these firms can not file a Bitcoin ETF until the underlying futures contracts are already in place.
Surf’s up or tsunami – is an ICO legislation wave looming?
In crypto years, the July 25th report by the US Securities and Exchange Commission (SEC) on the DAO ICO probably feels like ancient history to many industry observers. Much has been written about it and the flavor of a lot of that comment has been that the gold rush is over. For many, that interpretation was reinforced soon after the SEC’s report by the Chinese government’s decision to ban ICOs altogether - and give them the nasty name of “illegal financial crimes” to boot. Even Gibraltar got on the bandwagon - with its Financial Services Commission announcing on September 22nd that it was “considering” a regulatory framework “covering the promotion and sale of tokens.”
