Daily Archives: March 8, 2023, 5:46 pm

Grayscale Chief Legal Officer: A Spot Bitcoin ETF Will Protect U.S. Investors, Consumers

Should the court rule in Grayscale’s favor there are several possible things that could happen next, according to Salm. “The commission could approve GBTC as a spot bitcoin ETF” as well as approve those spot ETFs from other companies that have been similarly rejected by the SEC. “We think that’s really the right position,” he said. *** However, Salm said,…

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Live Question & Answer Event – The Bull and Bear Cases for Crypto – WSJ.com

The 2022 cryptocurrency crash roiled the industry and wiped out roughly $1 trillion in market value. Yet, even as regulators battle to reign in crypto and more firms go bankrupt, some investors continue to see the long-term value of digital currencies. The Journal’s lead writer for live markets, Gunjan Banerji, sits down with former White House communications director and crypto…

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Bribes – Bloomberg

Oldest story in the world: Rio Tinto Plc, a global mining company, wanted to win some mining rights in Guinea. It needed a local representative to help it navigate Guinean politics, so it found “a French investment banker and former classmate of the Senior Government Official” in charge of the mining-rights decision, and hired him as a consultant. The consultant…

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Brazilian police bust ‘Wolf of Wall Street’ crime ring in Lisbon | Reuters

Brazilian police and the Portuguese branch of Interpol have dismantled a criminal network operating a sham company in Lisbon that defrauded thousands of Brazilians in a scheme inspired by the film “The Wolf of Wall Street”. In a statement, Brazilian police said a Czech national based in Lisbon had opened a call centre and hired hundreds of struggling Brazilian workers…

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US court questions SEC’s rejection of Grayscale’s bitcoin fund proposal | Reuters

U.S. federal appellate court judges questioned on Tuesday whether the U.S. Securities and Exchange Commission (SEC) was correct to reject Grayscale Investment’s application for a spot bitcoin exchange-traded fund, since the agency had previously approved bitcoin futures products. The SEC rejected Grayscale Investment LLC’s application to convert its flagship spot Grayscale Bitcoin Trust into an exchange-traded fund (ETF) last June,…

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The SEC’s Approach to Digital Asset Regulation Harms Investors

Actions such as Wahi threaten profound economic harm to virtually everyone involved. Creators of digital assets targeted by the SEC face damage to goodwill and reputation, and the exchanges that sell the assets could be regarded as unlicensed securities brokers and face severe regulatory consequences of their own—as well as class action lawsuits brought by private parties. Even more troublingly,…

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