-
Elon Musk Is Fighting The Court Order In SEC's X Case, Reportedly Seeks Review Amid Twitter Acquisition Probe
Thursday, February 15, 2024 - 10:31pm | 467Read More...Elon Musk reportedly plans to ask for a court review of an order that supports the Securities and Exchange Commission compelling him to testify in connection with his $44 billion acquisition of Twitter, now rebranded as X. What Happened: As per a court document filed on Thursday, Musk intends to...
-
'It's Not That Decentralized': SEC Chair Gary Gensler Hesitant On Bitcoin, Calls It 'Just An Accounting Ledger'
Wednesday, February 14, 2024 - 12:34pm | 561Read More...Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday addressed the ongoing debate surrounding Bitcoin (CRYPTO: BTC) and other cryptocurrencies, expressing concerns about investor protection and highlighting the asset's association with illicit activities. A 'Clever'...
-
US Judge Orders Elon Musk's Testimony In SEC Probe Of $44B Twitter Acquisition
Sunday, February 11, 2024 - 10:04pm | 684Read More...Elon Musk, the CEO of Tesla Inc., has been ordered to testify in the U.S. Securities and Exchange Commission’s (SEC) investigation into his $44 billion acquisition of X, formerly known as Twitter. The probe centers on whether Musk adhered to the law when reporting his Twitter stock purchases...
-
SEC Chair Gary Gensler Slammed By Lawmakers For Handling Of Crypto Case: 'Unethical And Unprofessional'
Friday, February 9, 2024 - 12:12am | 614Read More...A group of U.S. senators criticized the Securities and Exchange Commission over its handling of a cryptocurrency-related case, raising questions about the regulator’s broader enforcement practices. What Happened: The senators on the Senate Banking Committee, including J.D. Vance (R-Ohio) and...
-
SEC Attacks SPACs: What New Merger Rules Mean For Investors, Public Offerings
Wednesday, January 24, 2024 - 5:48pm | 436Read More...The U.S. Securities and Exchange Commission (SEC) adopted new rules that change how SPACs will communicate their offerings to the public. What Happened: SPACs, or special-purpose acquisition companies, were a popular investment method. They proved to be a once-popular way for companies to go public...
-
Pro-Crypto Sen. Cynthia Lummis Claps Back At Sen. Elizabeth Warren: 'Crypto Is Clearly Not The Problem'
Tuesday, January 23, 2024 - 4:00pm | 599Read More...U.S. Sen. Cynthia Lummis (R-Wyo.) rebuffed Sen. Elizabeth Warren's (D-Mass.) claim that crypto is used for nefarious purposes. "Crypto is clearly not the problem," according to a post on X (formerly Twitter). What Happened: Lummis quoted a snippet from a...
-
Binance Wants Fraud Lawsuit With SEC Dismissed On Heels Of $4.3B DOJ Settlement
Tuesday, January 23, 2024 - 1:38pm | 447Read More...The U.S. Securities and Exchange Commission (SEC) on Monday defended its regulatory authority over certain cryptocurrency assets in a legal confrontation with crypto exchange Binance (CRYPTO: BNB), as the latter urged a federal judge to dismiss the agency's lawsuit against it. What...
-
Elizabeth Warren Strikes Again: Unleashes A Tidal Wave Of Reactions In Crypto Circles
Monday, January 22, 2024 - 5:38pm | 719Read More...Senator Elizabeth Warren (D-MA) cited a U.S. Government Accountability Office (U.S. GAO) report on X, saying “rogue nations are using crypto to dodge sanctions and undermine our national security.” Her tweet drew massive backlash from the crypto community and industry experts...
-
Bitcoin ETF Will 'Unleash Crypto Predators,' Better Markets CEO Predicts As BTC Surges Past $48K
Thursday, January 11, 2024 - 1:36pm | 698Read More...Better Markets CEO Dennis M. Kelleher doubled down on his criticism of the U.S. Security and Exchange Commission's (SEC) approval of Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). What Happened: Only days after warning that regulatory approval of Bitcoin ETFs would be an...
-
Binance's Breakthrough: JPMorgan Hails Game-Changing US Settlement In Crypto Industry
Friday, November 24, 2023 - 9:49am | 438Read More...JPMorgan (NYSE: JPM) has expressed a positive outlook on the recent settlement between Binance (CRYPTO: BNB) and the U.S. government, highlighting its beneficial impact on both the cryptocurrency sector and the exchange itself, according to a research report released on Thursday. The report...
-
Spot Bitcoin ETF Approval In January Looks Promising, Says Bernstein Research
Tuesday, October 31, 2023 - 12:50pm | 535Read More...Enthusiasm for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) continues to surge, and analysts now believe its probable approval in early January "looks highly likely," according to Bernstein Research. The SEC's recent active engagement, marked by its feedback on ETF...
-
Do Kwon, Terraform Labs Tell Court: SEC Hasn't Proven 'Defendants Did Anything Wrong'
Monday, October 30, 2023 - 2:49pm | 635Read More...Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud. They argue that the SEC has failed to provide solid evidence that the crypto entity dealt with securities....
-
The True Cost Of The FTX Collapse: How Much Did Sam Bankman-Fried Really Make?
Thursday, October 26, 2023 - 1:16pm | 629Read More...In the sprawling world of cryptocurrency, few names have been as synonymous with success and downfall as Sam Bankman-Fried. The founder of FTX was once a beacon of innovation in the digital asset space. He now finds himself embroiled in a scandal that has sent shockwaves throughout the financial...
-
Court Backs Grayscale: SEC To Reassess Spot Bitcoin ETF Application After DC Circuit Ruling
Monday, October 23, 2023 - 4:56pm | 577Read More...The U.S. Court of Appeals for the D.C. Circuit confirmed Grayscale Investments' ruling, mandating the Securities and Exchange Commission (SEC) to reassess the asset management company's application for a spot Bitcoin (CRYPTO: BTC) ETF. This decision aligns with the court's judgment from...
-
Grayscale Submits Filing For Bitcoin Trust Transformation; Aims For NYSE Arca Listing
Thursday, October 19, 2023 - 10:32am | 682Read More...Grayscale Investments has taken another step forward in its journey to transform the Grayscale Bitcoin Trust (OTC: GBTC) into a spot Bitcoin (CRYPTO: BTC) ETF, by lodging a new registration document with the Securities and Exchange Commission (SEC). This action follows the directive of a D.C....
















