SecGov
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đ BTC Rebound to $60K+ on the Horizon?
We're closely watching Bitcoin's potential surge past the $60K mark this week, with key events unfolding. Interestingly, an SEC memo from Geisler briefly appeared on their official site before being taken down. This echoes a similar situation before the BTC ETF approval, sparking a major price jump.
With Geisler's speech set for today, we could see even more volatility driving BTC upward. Keep an eye on the news, as these signals may lead to significant market movements. As always, **DYOR** (Do Your Own Research)!
#Bitcoinâ #BTCâ #CryptoNews #dyor #SecGov
BUY $BTC
We're closely watching Bitcoin's potential surge past the $60K mark this week, with key events unfolding. Interestingly, an SEC memo from Geisler briefly appeared on their official site before being taken down. This echoes a similar situation before the BTC ETF approval, sparking a major price jump.
With Geisler's speech set for today, we could see even more volatility driving BTC upward. Keep an eye on the news, as these signals may lead to significant market movements. As always, **DYOR** (Do Your Own Research)!
#Bitcoinâ #BTCâ #CryptoNews #dyor #SecGov
BUY $BTC
"Ripple CEO Takes Aim at Gary Gensler and SEC, Declares ChatGPT Can Craft Superior Rules"
Brad Garlinghouse continues to criticize SEC chair Gary Gensler over his unfavorable crypto regulation, as he suggests that the U.S. should leverage ChatGPT to get tips on how to regulate the industry.
Read more on: https://thecryptobasic.com/2024/01/19/ripple-ceo-slams-gary-gensler-and-sec-says-chatgpt-can-make-better-rules/
#RippleVsSEC #SecGov #cryptocurrecny #cryptoleads #CryptoNewsLand
Read more on: https://thecryptobasic.com/2024/01/19/ripple-ceo-slams-gary-gensler-and-sec-says-chatgpt-can-make-better-rules/
#RippleVsSEC #SecGov #cryptocurrecny #cryptoleads #CryptoNewsLand
"SEC Delays Verdict on Fidelity's Ethereum Spot ETF, Leaving Markets Hanging"
The SEC has delayed its decision on Fidelityâs proposed Ethereum spot ETF application, shifting the deadline from January 20 to March 5, 2024.
Read more on: https://thecryptobasic.com/2024/01/19/sec-postpones-decision-on-fidelitys-ethereum-spot-etf/
#SecGov #spotETF #cryptocurrecny #cryptoleads #CryptonewswithJack
Read more on: https://thecryptobasic.com/2024/01/19/sec-postpones-decision-on-fidelitys-ethereum-spot-etf/
#SecGov #spotETF #cryptocurrecny #cryptoleads #CryptonewswithJack
"Coinbase Vs SEC: 4 Potential Outcomes"
With the hearing for the Coinbase and SEC lawsuit scheduled for tomorrow, top legal expert James Murphy has provided four potential outcomes of the case.
Read more on: https://thecryptobasic.com/2024/01/16/legal-expert-outlines-4-potential-outcomes-of-coinbase-vs-sec-lawsuit/
#CoinbaseVsSEC #SecGov #cryptocurrecny #CryptoNewsLand #CryptonewswithJack
Read more on: https://thecryptobasic.com/2024/01/16/legal-expert-outlines-4-potential-outcomes-of-coinbase-vs-sec-lawsuit/
#CoinbaseVsSEC #SecGov #cryptocurrecny #CryptoNewsLand #CryptonewswithJack
Absolutely yes
58%
No
15%
Not sure
27%
52 votes âą Voting closed
Hey traders hope you're doing good. I have to say that take your trades smartly because the market is very violate, especially after the recent #SecGov fake tweet. So stay safe
#etf #BTC #SECApprovalJourney
#etf #BTC #SECApprovalJourney
ETF Approval announcement time zone from now to night 2pm expected đ„ stay updated, keep learning keep earning, follow me for early newsđ I will try my best to guide you people, but I am not financial advisor on any trade or etc. đ #BTC #BTCETFSPOT #ETFbitcoin #ETFs. #SecGov #BTC
"Court Slams SEC's Regulations as 'Vague and Loosey-Goosey'"
SEC suffers another criticism in court as the Court of Appeals for the Fifth Circuit describes its rules as vague and âloosey-goosey.â
Read more on: https://thecryptobasic.com/2024/03/07/another-court-lambasts-sec-calls-its-rules-vague-and-loosey-goosey/
#SecGov #SEC #Crypto #CryptoNewsđđ°đ« #CryptoNewsUpdate
Read more on: https://thecryptobasic.com/2024/03/07/another-court-lambasts-sec-calls-its-rules-vague-and-loosey-goosey/
#SecGov #SEC #Crypto #CryptoNewsđđ°đ« #CryptoNewsUpdate
The SEC has delayed rule change proposals from Cboe, NYSE and Nasdaq to list options related to the Bitcoin ETFs.
#TrendingTopic #Write2Earn⏠#SecGov #DaNuTRADING
#TrendingTopic #Write2Earn⏠#SecGov #DaNuTRADING
"Coinbase Takes SEC to Court: Alleges Arbitrary Actions and Lack of Clarity in Crypto Regulations"
Coinbase, the US-based cryptocurrency exchange, has initiated legal action against the Securities and Exchange Commission (SEC), alleging that the regulatory body has acted arbitrarily and capriciously in refusing to adopt rules for clarifying oversight of the crypto industry. Coinbase asserts that the SEC has disregarded legal requirements in dismissing the company's formal rule-making petition for crypto regulations. The legal action, filed with the US Court of Appeals for the Third Circuit, contends that the SEC claims authority over crypto assets while refusing to establish new rules for their treatment, and the agency did not provide a clear explanation for rejecting Coinbase's petition in December.
According to Coinbase's legal representatives, the SEC's oversight of digital assets has been conducted through enforcement actions without a coherent framework. Gary Gensler, the SEC chairman, mentioned that the agency had been working on crypto rules, albeit not aligned with industry expectations, emphasizing the importance of maintaining discretion in setting rulemaking priorities. In response, Paul Grewal, Coinbase's legal officer, emphasized the lack of a clear reason for the SEC's inaction in the denial of the petition and stated that the public deserves an explanation and an opportunity to provide input.
The legal dispute between Coinbase and the SEC is separate from the ongoing court battle over allegations of running an unregistered exchange listing unregistered crypto securities. Both cases highlight the SEC's reluctance to formally define crypto securities, leaving the industry in uncertainty. Coinbase's lawsuit aims to dismiss the SEC's previous disapproval and compel the agency to initiate new crypto rulemaking or provide a substantiated rationale for its position.
The SEC has faced mixed outcomes in crypto-related court cases, experiencing defeats against Ripple and Grayscale but succeeding in an insider-trading case involving a former Coinbase employee. The industry closely watches these legal developments as they may shape the treatment of crypto exchanges under US securities law. The legal landscape is dynamic, with the potential for appeals and overturned decisions on the way to potential review by the US Supreme Court.
#TrendingTopic #SecGov
According to Coinbase's legal representatives, the SEC's oversight of digital assets has been conducted through enforcement actions without a coherent framework. Gary Gensler, the SEC chairman, mentioned that the agency had been working on crypto rules, albeit not aligned with industry expectations, emphasizing the importance of maintaining discretion in setting rulemaking priorities. In response, Paul Grewal, Coinbase's legal officer, emphasized the lack of a clear reason for the SEC's inaction in the denial of the petition and stated that the public deserves an explanation and an opportunity to provide input.
The legal dispute between Coinbase and the SEC is separate from the ongoing court battle over allegations of running an unregistered exchange listing unregistered crypto securities. Both cases highlight the SEC's reluctance to formally define crypto securities, leaving the industry in uncertainty. Coinbase's lawsuit aims to dismiss the SEC's previous disapproval and compel the agency to initiate new crypto rulemaking or provide a substantiated rationale for its position.
The SEC has faced mixed outcomes in crypto-related court cases, experiencing defeats against Ripple and Grayscale but succeeding in an insider-trading case involving a former Coinbase employee. The industry closely watches these legal developments as they may shape the treatment of crypto exchanges under US securities law. The legal landscape is dynamic, with the potential for appeals and overturned decisions on the way to potential review by the US Supreme Court.
#TrendingTopic #SecGov
đš BREAKING: #SEC Chair Gary Gensler's statement on Spot #BitcoinETF approval.
"We approved the listing and trading of certain spot bitcoin ETP shares today, but it's crucial to note that we did not endorse bitcoin." đșđž
#BTC #etf #SecGov $BTC
"We approved the listing and trading of certain spot bitcoin ETP shares today, but it's crucial to note that we did not endorse bitcoin." đșđž
#BTC #etf #SecGov $BTC
How do bitcoin etfs differ from investing in bitcoin directly?
Indirect Investment: When investing in a Bitcoin ETF, you are not directly purchasing Bitcoin. Instead, you are buying shares in a fund that holds a certain amount of Bitcoin.
This means that you do not have direct ownership of the cryptocurrency, and you cannot use the Bitcoin ETF as a currency or for other purposes.
Trading Platform: Bitcoin ETFs are traded on traditional securities exchanges, such as the New York Stock Exchange, while Bitcoin itself is traded on cryptocurrency exchanges.
This difference in trading platforms can impact the ease of trading and the availability of Bitcoin for different types of investors.
Custody and Storage: The financial institution managing the Bitcoin ETF is responsible for purchasing, storing, and safekeeping the Bitcoin on behalf of the ETF's investors.
In contrast, when investing in Bitcoin directly, you would need to manage your own private keys and wallets, which can be more complex and less secure than relying on a professional custodian.
Regulation and Taxation: Bitcoin ETFs are subject to traditional securities regulations, while Bitcoin itself is governed by cryptocurrency regulations.
This difference can impact the tax treatment of the investments and the way they are regulated by various authorities.
Pricing and Fees: The value of a Bitcoin ETF share reflects the performance of Bitcoin, but the share's value may not track the underlying Bitcoin's price precisely.
Additionally, Bitcoin ETFs may charge fees for management, custody, and other services, which can affect the overall return on investment.
When investing directly in Bitcoin, you would only need to consider the transaction fees and other costs associated with buying and selling the cryptocurrency.
In summary, while both Bitcoin ETFs and investing directly in Bitcoin provide exposure to the cryptocurrency's price movements, they differ in terms of indirect investment, trading platform, custody and storage, regulation and taxation, and pricing and fees.
#BTC #ETFsApproval #SecGov
Indirect Investment: When investing in a Bitcoin ETF, you are not directly purchasing Bitcoin. Instead, you are buying shares in a fund that holds a certain amount of Bitcoin.
This means that you do not have direct ownership of the cryptocurrency, and you cannot use the Bitcoin ETF as a currency or for other purposes.
Trading Platform: Bitcoin ETFs are traded on traditional securities exchanges, such as the New York Stock Exchange, while Bitcoin itself is traded on cryptocurrency exchanges.
This difference in trading platforms can impact the ease of trading and the availability of Bitcoin for different types of investors.
Custody and Storage: The financial institution managing the Bitcoin ETF is responsible for purchasing, storing, and safekeeping the Bitcoin on behalf of the ETF's investors.
In contrast, when investing in Bitcoin directly, you would need to manage your own private keys and wallets, which can be more complex and less secure than relying on a professional custodian.
Regulation and Taxation: Bitcoin ETFs are subject to traditional securities regulations, while Bitcoin itself is governed by cryptocurrency regulations.
This difference can impact the tax treatment of the investments and the way they are regulated by various authorities.
Pricing and Fees: The value of a Bitcoin ETF share reflects the performance of Bitcoin, but the share's value may not track the underlying Bitcoin's price precisely.
Additionally, Bitcoin ETFs may charge fees for management, custody, and other services, which can affect the overall return on investment.
When investing directly in Bitcoin, you would only need to consider the transaction fees and other costs associated with buying and selling the cryptocurrency.
In summary, while both Bitcoin ETFs and investing directly in Bitcoin provide exposure to the cryptocurrency's price movements, they differ in terms of indirect investment, trading platform, custody and storage, regulation and taxation, and pricing and fees.
#BTC #ETFsApproval #SecGov
đš Update on Coinbase vs SEC Legal Battle đš
The first round of oral arguments has concluded, and the judge, Katherine Polk Failla, is impressed with Coinbase's grasp of the complex issues. The DeFi community's amicus brief, praised by the judge, argued that Coinbase's staking doesn't qualify as an unregistered security.
Judge Failla questioned the SEC's reliance on the Howey Test, citing crypto-supportive Senator Cynthia Lummis's perspective: "We've had 90 years where these securities laws have applied. But now we have something new." Coinbase contends the SEC's interpretation is too broad.
The company's lawyer argued, "I think there would have been a lot of surprise in the 1933/1934 Congress to find an investment contract didnât have anything to do with a contract at all."
Awaiting the judge's decision, legal experts suggest a 2 to 6-week timeframe. Will this case follow Ripple Labs' prolonged legal battle with the SEC? Stay tuned for updates!
#CryptoNews. #Coinbase. #SecGov #trendingtoday
The first round of oral arguments has concluded, and the judge, Katherine Polk Failla, is impressed with Coinbase's grasp of the complex issues. The DeFi community's amicus brief, praised by the judge, argued that Coinbase's staking doesn't qualify as an unregistered security.
Judge Failla questioned the SEC's reliance on the Howey Test, citing crypto-supportive Senator Cynthia Lummis's perspective: "We've had 90 years where these securities laws have applied. But now we have something new." Coinbase contends the SEC's interpretation is too broad.
The company's lawyer argued, "I think there would have been a lot of surprise in the 1933/1934 Congress to find an investment contract didnât have anything to do with a contract at all."
Awaiting the judge's decision, legal experts suggest a 2 to 6-week timeframe. Will this case follow Ripple Labs' prolonged legal battle with the SEC? Stay tuned for updates!
#CryptoNews. #Coinbase. #SecGov #trendingtoday
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#SecGov #OpenAI #cryptonews
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#SecGov #OpenAI #cryptonews
"Latest Update: SEC and Ripple File New Motions - Stay Informed"
The SEC and Ripple have filed new motions relating to the remedies phase of their ongoing legal battle.Â
Read more on: https://thecryptobasic.com/2024/01/12/heres-the-latest-update-on-ripple-vs-sec-as-both-parties-file-new-motions/
#RippleSECSettlement #RippleVsSEC #SecGov #cryptocurrecny #CryptoNewsđđ°đ«
Read more on: https://thecryptobasic.com/2024/01/12/heres-the-latest-update-on-ripple-vs-sec-as-both-parties-file-new-motions/
#RippleSECSettlement #RippleVsSEC #SecGov #cryptocurrecny #CryptoNewsđđ°đ«
U.S. Senators urge SEC not to approve more crypto ETFs, citing risks of fraud and manipulation to investors
In a joint statement, Senators Jack Reed and Laphonza Butler express concerns about the potential harm crypto ETFs could pose to retail investors due to fraud and market manipulation risks. They stress the nascent nature of cryptocurrency markets and call for caution, highlighting the lack of regulation and transparency compared to traditional financial markets.
Their appeal to the SEC reflects broader apprehension among lawmakers regarding crypto assets' intersection with mainstream financial products. It aligns with the SEC's recent efforts to establish a regulatory framework for cryptocurrencies and echoes concerns about market manipulation and investor protection voiced by other government officials and financial experts.
While the SEC has approved some crypto-related ETFs, direct holdings of cryptocurrencies like Bitcoin remain unapproved. The senators' statement underscores the ongoing debate over cryptocurrency regulation and its impact on the financial system, posing a significant challenge for policymakers and regulatory bodies.
As the SEC evaluates the senators' request, the fate of crypto ETFs and their potential implications for the cryptocurrency market and retail investors remain uncertain.
#HotTrends #Trendingtopics #SecGov #ETFs
In a joint statement, Senators Jack Reed and Laphonza Butler express concerns about the potential harm crypto ETFs could pose to retail investors due to fraud and market manipulation risks. They stress the nascent nature of cryptocurrency markets and call for caution, highlighting the lack of regulation and transparency compared to traditional financial markets.
Their appeal to the SEC reflects broader apprehension among lawmakers regarding crypto assets' intersection with mainstream financial products. It aligns with the SEC's recent efforts to establish a regulatory framework for cryptocurrencies and echoes concerns about market manipulation and investor protection voiced by other government officials and financial experts.
While the SEC has approved some crypto-related ETFs, direct holdings of cryptocurrencies like Bitcoin remain unapproved. The senators' statement underscores the ongoing debate over cryptocurrency regulation and its impact on the financial system, posing a significant challenge for policymakers and regulatory bodies.
As the SEC evaluates the senators' request, the fate of crypto ETFs and their potential implications for the cryptocurrency market and retail investors remain uncertain.
#HotTrends #Trendingtopics #SecGov #ETFs
