Tag Archives: SEC

Bitcoin ETF Proposals Withdrawn After SEC Pushback

Bitcoin ETF Proposals Withdrawn After SEC Pushback

Several firms seeking to list exchange-traded funds (ETFs) tied to bitcoin have withdrawn their filings at the request of officials from the U.S. Securities and Exchange Commission. Direxion Shares ETF Trust, Exchange Listed Funds Trust and ProShares Trust all filed to create exchange-traded products in the past month. Yet notably, none of the proposed offerings would have held bitcoin […]

What Comes After the Futures? The Next Chapter for Bitcoin

What Comes After the Futures? The Next Chapter for Bitcoin

On the ninth anniversary of Satoshi Nakamoto’s white paper, one of the world’s most respected derivatives providers, the CME Group, announced it would launch a regulated bitcoin futures market. Not to be understated, this was a pivotal moment in bitcoin’s history, and quite simply, the future has never been brighter. It’s safe to say that 2017 has […]

SEC Suspends Crypto Firm’s Stock After Big Price Boost

SEC Suspends Crypto Firm’s Stock After Big Price Boost

The U.S. Securities and Exchange Commission (SEC) has suspended trading of a publicly-listed cryptocurrency firm’s stock. In a notice published this morning, the agency announced that it was freezing stock trading for The Crypto Company, which according to its website is based in Malibu, California, and offers consulting and investment services around cryptocurrencies. The SEC said that it […]

SEC Official: Cryptocurrency Investment Funds Raise Questions

SEC Official: Cryptocurrency Investment Funds Raise Questions

The head of the Securities and Exchange Commission’s investment management office said the agency is weighing questions related to newly-registered funds that plan to hold cryptocurrencies. Speaking at the ICI Securities Law Developments Conference in Washington, D.C., on Thursday, Division of Investment Management director Dalia Blass offered some insight into how the agency – tasked […]

More Charges Filed Against Trader Who Used Bitcoin to Conceal Fraud Profits

More Charges Filed Against Trader Who Used Bitcoin to Conceal Fraud Profits

New charges have been filed against a Philadelphia-based day trader accused of manipulating a series of online brokerage accounts and using bitcoin to hide the source of his profits. Joseph Willner has been charged with multiple offensives, including those related to computer intrusions and securities fraud. Willner, as previously reported by CoinDesk, was accused this […]

Bitcoin Derivatives ETFs Withdraw Filings at SEC Request

Bitcoin Derivatives ETFs Withdraw Filings at SEC Request

Public documents reveal that a second US financial services firm has withdrawn an effort to create exchange-traded futures (ETFs) tied to bitcoin. In a letter dated October 5, an executive for Connecticut-based REX ETFs requested to pull back an amendment related to two previously proposed ETFs: the REX Bitcoin Strategy Fund and the REX Short Bitcoin […]

Why ICOs Should Want to Be Securities

Why ICOs Should Want to Be Securities

Lindsay Lin is a counsel and program manager at Lightyear.io, a company that leverages the open-source Stellar protocol to build digital payments infrastructure and services. In this opinion piece, Lin argues that issuers of ICOs should not only accept but embrace regulators’ classification of their tokens as securities. In the past year, most organizations conducting […]

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Get ready for regulated token trading. Announced today, tØ, the capital markets arm of Overstock‘s blockchain-focused subsidiary Medici, is launching a first-of-its-kind alternative trading system (ATS) that will provide a platform for the exchange of cryptographic tokens categorized in the U.S. as securities. A joint venture with RenGen (a fintech firm that will serve as […]

SEC Advisory Committee to Discuss Blockchain’s Investor Impact

SEC Advisory Committee to Discuss Blockchain’s Investor Impact

The US Securities and Exchange Commission (SEC)’s investor advisory committee is set to discuss blockchain at an event next month. According to a newly published notice, the meeting – set for October 12 – will feature “a discussion regarding blockchain and other distributed ledger technology and implications for securities markets”. No other details, including the […]