SEC | ForkLog - Part 17

ForkLog 20 29.05.2024

SEC Withdraws Lawsuit Against DEBT Box, Ordered to Pay $1.8 Million in Costs

A US federal court ordered the SEC to pay approximately $1.8 million in costs related to the case against the mining company Digital Licensing, also known as DEBT Box. This amount includes fees for defense attorneys and other litigation expenses. “With this order, the court ensures that the final amount requested by both parties is […]

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ForkLog 20 24.05.2024

Court Sides with SEC Against YouTuber Ian Balina

Crypto investor and YouTuber Ian Balina violated U.S. securities laws in promoting and selling SPRK tokens, a Texas court ruled. In 2022, the U.S. Securities and Exchange Commission (SEC) accused Balina of participating in the unregistered ICO of Sparkster. The project marketed itself as a “no-code” development platform. It completed a crowdsale in July 2018, […]

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ForkLog 20 24.05.2024

SEC Approves Spot Ethereum ETFs: Key Developments

On May 23, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 applications from issuers of spot exchange-traded funds based on Ethereum. The companies receiving approval include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK Invest/21Shares, Invesco/Galaxy, and Bitwise. However, the regulator did not grant permission for Hashdex, whose application deadline expires on May 30. Trading […]

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ForkLog 17 22.05.2024

Gary Gensler Criticizes FIT21 Bill as Regulatory Threat

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), voiced opposition to the FIT21 bill just hours before a vote. This was reported by CoinDesk. “[The document] would create new regulatory gaps and dismantle decades of precedent regarding oversight of investment contracts, exposing investors and capital markets to immeasurable risk,” he stated. FIT21 […]

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ForkLog 11 22.05.2024

SEC’s Leaning Towards Approval of Spot Ethereum ETFs Sparks Market Buzz

Insiders report SEC’s “leaning” towards approving ETH-ETFs. Ethereum co-founder Joe Lubin predicts a supply crunch post-ETF launch. Some experts see political undertones in the regulator’s actions. Officials from the U.S. Securities and Exchange Commission (SEC) have informed trading platforms that the agency is “leaning” towards approving spot Ethereum-ETFs. This was reported by Barron’s, citing anonymous […]

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ForkLog 37 22.05.2024

Uniswap Labs Urges SEC to Reconsider Potential Lawsuit

In response to an April Wells notice from the SEC, Uniswap Labs described the agency’s legal reasoning as weak and expressed readiness for a legal battle. Read more about our response to the SEC’s Wells notice here ⤵️https://t.co/73pTSCkvnp — Uniswap Labs ? (@Uniswap) May 21, 2024 The Wells notice is a type of letter used […]

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ForkLog 11 21.05.2024

SEC’s New Requirement for Ethereum-Based ETFs Unveiled

The U.S. Securities and Exchange Commission (SEC) has requested companies to update form 19b-4 in their applications for launching spot Ethereum ETFs, according to CoinDesk, citing sources. The Wall Street Journal also reported on the regulator’s demand for amendments to the documents in an “expedited manner.” However, the SEC’s actions do not guarantee that spot […]

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ForkLog 17 18.05.2024

Coinbase Analyst Predicts Inevitable Approval of Ethereum ETFs

The approval of spot exchange-traded funds (ETFs) based on Ethereum by the U.S. Securities and Exchange Commission (SEC) is merely a matter of time, according to David Han, an analyst at the cryptocurrency exchange Coinbase. He expressed this view in a recent report. “While there is uncertainty regarding the timely approval of [ETH-ETF], given the […]

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ForkLog 18 17.05.2024

US Senate Votes to Repeal SEC Directive

On May 16, the US Senate passed a joint resolution to annul the Staff Accounting Bulletin 121 (SAB 121) issued by the Securities and Exchange Commission (SEC). 2/ The tally, a stunning 60 “Yeas” in the Senate vote, sends a strong signal that both houses of Congress, across the political divide, clearly disapprove of this […]

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ForkLog 10 15.05.2024

SEC Considers Ethereum’s Security Status Amid ETF Application Reviews

The SEC may contemplate assigning Ethereum the status of a security, as inferred from a request for comments, noted attorney Scott Johnsson. I’m aware this is widely considered a possibility, but this is your official notice that the SEC is considering the security question for ETH in this upcoming spot ETF order. Note that this […]

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ForkLog 17 13.05.2024

Uniswap Founder Criticizes Biden’s Approach to Cryptocurrency

The founder of Uniswap, the largest decentralized exchange, Hayden Adams, believes that Joe Biden may lose the upcoming U.S. presidential election due to his administration’s dismissive attitude towards the cryptocurrency market. Hillary campaigning in red states states instead of swing states level miscalculation from Biden camp thinking crypto will be irrelevant in 2024 election and […]

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ForkLog 30 10.05.2024

Charles Hoskinson Accuses Biden of Aiming to ‘Kill’ the Crypto Industry

US President Joe Biden is allegedly making deliberate efforts to dismantle the country’s cryptocurrency industry, according to Cardano co-founder Charles Hoskinson. Biden and Crypto https://t.co/P06encxBEv — Charles Hoskinson (@IOHK_Charles) May 8, 2024 According to the expert, in recent years the US government has only “harmed” startups. He cited restricted access to bank accounts, the policy […]

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