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DARK SECRETS: 11 - The Real Truth

With the fake Bitcoin ETF approval, Gary Gensler created his own worst nightmare

The reluctant SEC chair turned an esoteric financial vehicle into a three-ring circus.

Fortune · Jan 10, 2024

X Confirms SEC Account Was 'Compromised' Following False Bitcoin ETF Approval Tweet

The compromise was not due to any breach in the social media platform's systems "but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party."

International Business Times · Jan 10, 2024

SEC's Unauthorized Bitcoin ETF Announcement Causes Price Volatility

SEC's unauthorized announcement of approving bitcoin ETFs sparks excitement among investors, but Chairman Gensler clarifies account compromise and denial. ...

SEC chair denies a bitcoin ETF has been approved, says account on X was ‘compromised’

The confusion came as crypto fans anxiously await the approval of the first bitcoin exchange-traded fund. The ETF would provide a way to invest in bitcoin without having to buy the cryptocurrency outright on an exchange such as Binance or Coinbase.

Chicago Sun-Times · Jan 9, 2024

SEC chair denies a bitcoin ETF has been approved, says account on X was 'compromised'

The Securities and Exchange Commission said Tuesday that a post on X announcing that the securities regulator had approved the trading of exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account had been “compromised.”

The Independent UK · Jan 9, 2024

Hacked SEC Twitter account falsely posts agency approved Bitcoin ETFs

Long-awaited news on Bitcoin ETFs was thrown into chaos after the SEC Twitter account erroneously posted that they’d been approved.

Fortune · Jan 9, 2024

Prelude To Bitcoin ETF Approval? Securities Lawyers Weigh In On SEC Chair's Latest Crypto Warning

The SEC has been silent on the proposals but recently began issuing updates on spot Bitcoin ETF filings, amending eight 19b-4 forms detailing rule changes.

International Business Times · Jan 9, 2024

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Valkyrie cofounder predicts Wednesday approval amid Bitcoin ETF frenzy: ‘It’s almost surreal’

Steven McClurg is the cofounder and CIO of Valkyrie, an asset manager vying to launch a spot Bitcoin ETF.

Fortune · Jan 9, 2024

BTC Begins Week With 21-Month High, Eyes On Pending Bitcoin ETF Decision

Bitcoin (BTC) surged by almost 7%, reaching above $47,000 on Monday afternoon. This increase coincided with the submission of final S-1 forms to the SEC by hopeful Bitcoin ETF issuers such as BlackRock, Fidelity and Grayscale.

International Business Times · Jan 8, 2024

Bitcoin ETF expected for Wednesday—but some fret about being 'rugged' by SEC

A last minute letter from a well-connected anti-crypto group has set off some hand-wringing among those waiting for a Bitcoin ETF.

Fortune · Jan 8, 2024

Matrixport Warns Of Potential Bitcoin Plunge To $38K In Case Of SEC BTC ETF Rejection

Titled "Why the SEC will REJECT Bitcoin Spot ETFs again," Matrixport's latest research, while acknowledging its prior forecast of Bitcoin rallying toward $50,000 by the end of January 2024, indicates that the SEC will "reject all proposals in January."

International Business Times · Jan 3, 2024

After a brutal stretch, a remarkable thing is happening: Cryptocurrencies are surging

Bitcoin and other digital currencies are rallying, emerging from a stormy period with the conviction that crypto is here to stay.

WEKU · Dec 26, 2023

SEC ‘deeply regrets’ errors in crypto case, asks judge to waive sanctions after misleading statements

A judge rebuked SEC attorneys for presenting erroneous facts when securing a restraining order against the crypto firm DEBT Box.

Fortune · Dec 22, 2023

The SEC attaches a string to Bitcoin ETFs—and investors will be the one to pay for it

The agency's insistence on cash, versus in-kind redemptions for ETF issuers will only create costs that will be passed on to investors.

Fortune · Dec 18, 2023

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Fortune · Dec 15, 2023

SEC rejects Coinbase’s request for a separate regulatory framework for the cryptocurrency industry

“The existing securities regime appropriately governs crypto asset securities,” SEC Chair Gary Gensler said in a letter supporting the rejection.

International Business Times · Dec 13, 2023

CFTC Chair Claims Most Cryptocurrencies Are Commodities, Admits There's A 'Turf War' Going On Over Crypto

CFTC Chair Rostin Behnam says that "under existing law, many of the tokens constitute commodities."

Fortune · Dec 6, 2023

So why isn’t a Pokemon card a security?

Figures from SEC Commissioner Hester Peirce to Rep. Ritchie Torres have weighed in on the pressing crypto question, without clarity from regulators.

Evening Standard · Dec 1, 2023

What is the $1 billion lawsuit facing Cristiano Ronaldo?

Football star being sued for Binance endorsement

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Fortune · Nov 30, 2023

Pro-crypto Majority Whip Tom Emmer denounces CBDCs as a ‘surveillance tool’ and calls for stablecoin oversight

Speaking about Tether, Emmer said, “We need to have this stuff here.”

FourFourTwo · Nov 30, 2023

Cristiano Ronaldo involved in $1bn lawsuit, after 'next-level' claim went horribly wrong

Cristiano Ronaldo is being accused of endorsing a product that has fallen considerably in the last year

Fortune · Nov 29, 2023

Inside Gary Gensler’s efforts to remake the SEC

How a former Goldman Sachs banker became the most divisive SEC chair in decades.

Fortune · Nov 28, 2023

Gary Gensler has remade the SEC into a crypto nemesis and climate warrior. Now a backlash is brewing

The combative former Goldman Sachs banker faces staff burnout, widening criticism from Congress, and a potential reckoning from hostile federal courts.

WEKU · Nov 21, 2023

CZ, founder of crypto giant Binance, pleads guilty to money laundering violations

Changpeng Zhao agreed to plead guilty to money laundering charges and step down from Binance as part of a sweeping settlement with the Department of Justice and top regulators.

Fortune · Nov 8, 2023

A billionaire hedge fund kingpin is feuding with the sheriff of Wall Street over an obscure rule in the multi trillion-dollar bond market

Citadel founder and CEO Ken Griffin says the SEC's new regulations will cost taxpayers billions and raise borrowing costs for businesses.

Fortune · Nov 6, 2023

The SEC is struggling to hire crypto experts—partly because the agency’s employees can’t own cryptocurrency

The federal regulator has continued to double down on crypto enforcement actions, most recently suing the company SafeMoon and its executives.

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