Daily Archives: January 17, 2024, 6:47 pm

SEC’s Bitcoin ETF Approval Fails to Protect Investors – Bloomberg

Even so, Gensler should’ve tried to use this opportunity to force some investor protections on the spot trading platforms. Instead of issuing blanket accelerated approvals, the SEC could’ve made approval conditional on the ETFs deriving prices from platforms that meet the standards of regulated securities exchanges, such as adequate segregation of customer assets…. It’s possible that Gensler didn’t think such…

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After the ETF: Bitcoin’s Coming Power Struggle

A sizable crypto community’s presence at the World Economic Forum in Switzerland this week highlights an inherent tension: on the one hand, the industry’s desire for acceptance by the business establishment and, on the other, a concern that engaging with it could undermine crypto’s disruptive, rebellious ethos. Source: After the ETF: Bitcoin’s Coming Power Struggle

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Crypto firm Ripple explored IPO outside U.S. but won’t go public soon

Garlinghouse told CNBC in 2022 that Ripple, the company behind the cryptocurrency XRP , will explore a public listing after its lawsuit with the U.S. Securities and Exchange Commission ends. The lawsuit, which began in 2020, is still ongoing. However, speaking to CNBC at the World Economic Forum in Davos, Switzerland, Garlinghouse said Ripple has “looked at other jurisdictions that…

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Coinbase’s SEC Clash Faces First Major Test as U.S. Judge Weighs Longshot Dismissal

Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider industry’s clashes with the regulator. The company has asked Judge Katherine Polk…

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