Tag Archives: SEC

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

The Eliminate Barriers to Innovation Act of 2021 seeks to establish a digital asset working group with representatives from the SEC and CFTC. The U.S. House of Representatives has passed several pieces of bipartisan legislation including a section on digital assets, according to a press release from the House Financial Services Committee on Tuesday. Known as the […]

Coinbase’s Financials Are Now Public Ahead of Stock Market Listing

Coinbase’s Financials Are Now Public Ahead of Stock Market Listing

The crypto exchange’s S-1 Form is now live, revealing key details before Coinbase stock hits the market. Crypto exchange Coinbase is officially going to become a publicly traded company. Its Form S-1 has been published by the U.S. Securities and Exchange Commission (SEC), clearing the way for its much-anticipated direct listing on Nasdaq. The move caps […]

First North American Bitcoin ETF Approved by Canadian Securities Regulator

First North American Bitcoin ETF Approved by Canadian Securities Regulator

The first publicly traded bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission (OSC) was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, […]

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

Crypto Lender BlockFi Registers Bitcoin Trust With SEC

BlockFi is the latest firm to go up against Grayscale’s behemoth bitcoin trust. BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ […]

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency behind the U.S. Securities and Exchange Commission lawsuit against Ripple Labs last week claiming it is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021, […]

SEC Gives Broker-Dealers Room to Handle Crypto Securities

SEC Gives Broker-Dealers Room to Handle Crypto Securities

The U.S. Securities and Exchange Commission (SEC) is showing signs it might budge on letting crypto custodians become regulated broker-dealers specifically for digital assets. The Commission announced Wednesday it would let crypto-focused broker-dealers operate for five years without fear of an enforcement action provided they can verify they have possession and control of customers’ digital asset securities. […]

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase is getting ready to go public. On Thursday, the major cryptocurrency exchange filed preliminary documents with the U.S. Securities and Exchange Commission (SEC). Coinbase has been the subject of IPO speculation for months. But the timing, coming just one day after bitcoin (BTC, +7.77%) broke $20,000 for the first time ever, cannot be ignored. The major exchange […]

U.S SEC, OCC issue first regulatory guidance for stablecoins

U.S SEC, OCC issue first regulatory guidance for stablecoins

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should […]

NASDAQ-Listed MicroStrategy Buys $175 Million More Worth Of Bitcoin

NASDAQ-Listed MicroStrategy Buys $175 Million More Worth Of Bitcoin

The NASDAQ-listed company providing business intelligence and mobile software MicroStrategy has added $175 million worth of Bitcoin to its portfolio. The addition comes just a month after the firm purchased $250 million of the primary cryptocurrency. MicroStrategy Doubles Down On Its Bitcoin Accumulation As CryptoPotato reported a month ago, the Virginia-headquartered company developing software to analyze internal and […]