Gary Gensler, Chairman of the US Securities and Exchange Commission, explained why the agency approved the launch of an ETF on BTC futures, rather than a direct exchange-traded fund for cryptocurrencies.
According to US Senator Pat Toomey, the recent tightening of bans on the use of cryptocurrencies for business in China gives the United States a chance to close the gap in this area.
Securities and Exchange Commission (SEC) Commissioner Hester Peirce is concerned that the US may lag far behind other jurisdictions in adopting tradable exchange-traded funds (ETFs) for cryptocurrencies. Speaking at "The B Word" online conference, Peirce expressed concern that Canada and Brazil have already approved the launch of these investment products, while the US is still "in thought."
New US President Joe Biden may appoint former CFTC chairman Gary Gensler, who is well versed in the cryptocurrency industry, as SEC chairman.
US President-elect Joe Biden plans to appoint Gary Gensler as chairman of the US Securities and Exchange Commission (SEC), according to a Reuters publication citing two anonymous sources familiar with the matter. Gensler was chairman of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014.
The US Securities and Exchange Commission (SEC) has proposed increasing the limits on attracting investments without registration, including those related to token-share placements (STOs).
SEC proposes to increase the limit on the amount attracted from investors as part of the offer of tokens under Rule A + from $ 50 million to $ 75 million, and crowdfunding income - $ 1 million to $ 5 million in 12 months. These rules, based on the 2012 Act called the Jumpstart Our Business Startup (or JOBS) Act, will allow young companies to raise funds without having to register as an open joint stock company.
Telegram sent a new letter to its investors, in which it says that the launch of the TON blockchain is postponed for six months. The launch deadline is now set for April 30, 2020. Investors can exit the project by taking 77% of their investments.
In the letter, the company refers to a proceeding with the US Securities and Exchange Commission (SEC), which considered Gram tokens to be unregistered securities. The regulator managed to achieve a time limit on their sale and use, which interferes with Telegram's plans.
The American regulator dealt an unexpected blow to the upcoming TON blockchain, accusing Telegram of unregistered sale of tokens a year and a half after the ICO.
The U.S. government seems to consider corporate cryptocurrencies more dangerous than public blockchains. Until now, all the claims of regulators and politicians have been streaming on Facebook for the Libra project, and a similar development by Telegram, which began selling $ 1.7 billion in tokens in January and March 2018, has remained in the background. However, this silence was deceiving.
The US Securities and Exchange Commission (SEC) fined Russian analytical firm ICORating for not reporting payments for positive feedback on various ICO projects.
The analytical company ICORating is engaged in evaluating investments in ICO projects. It includes team members of well-known cryptocurrency projects, for example, NEO.
The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, said that ETHEREUM and similar cryptocurrencies could eventually lose the status of securities.
In June 2018, the head of the SEC corporate finance division, William Hinman, stated that the decentralized structure of the Ethereum network does not allow for proper application of securities laws to this cryptocurrency. At that time, some saw in Hinman's statement an important step towards eliminating uncertainty in the regulation of digital assets, while others thought that was not enough.
The US Securities and Exchange Commission (SEC) has begun the process of reviewing an application for a change in the rule that will allow listing Bitcoin ETF proposed by Bitwise Asset Management and the NYSE Arca exchange.
The proposal itself was published in the Federal Register on February 15, which leaves authorized personnel 45 days to make an initial decision on approval, rejection or further extension of the time frame for consideration of the application. The SEC has a total of no more than 240 days to make a final decision on whether to approve or reject the proposal.
The head of BK Capital Management and the popular cryptocurrency expert Brian Kelly expressed the opinion that Bitcoin is undervalued by 50%.
According to Kelly, the year 2019 will become more successful for cryptocurrency than 2018. However, before the courses go up, the price of the first cryptocurrency may drop to the level of $ 1.5 thousand. He noted that the market has repeatedly dropped to similar values.
The US Securities and Exchange Commission (SEC) recalled the guidelines on primary token allocation (ICO) on its Twitter account. The dedicated section of the regulator's website lists five aspects of the ICO that consumers should be aware. In addition, the SEC has posted information for investors and marketing specialists in the section.
The information has been on the site since last year, but the SEC decided to draw attention to it on social networks this weekend amid ongoing debates about regulating the industry. This material is notable for the fact that the SEC explains its principles regarding ICO in accessible language - it is much easier for all interested parties to familiarize themselves with the information in this format.
Analysts of the MarketWatch portal analyzed the ICO market and concluded that the number of initial placement campaigns conducted in accordance with all the requirements of the United States Securities and Exchange Commission (SEC) increased significantly in 2018.
MarketWatch searched the Edgar database using the keywords "coin", "ICO", "token", "initial coin offering" and "saft". According to their data, a total of 287 campaigns with ICO signs were held, which together collected $ 8.7 billion. The highest rate was registered in the second quarter - 99 companies. For comparison, in 2017, only 44 campaigns were held, collecting a total of $ 2.1 billion.
"How that [manipulation] issue gets addressed, I don't have a particular path. But it needs to be addressed" before an ETF gets approved, said Jay Clayton, chairman of the US Securities and Exchange Commission (SEC).
Messari, the cryptocurrency version of the EDGAR database maintained by the US Securities and Exchange Commission (SEC), launches an information register for tokens issuing projects in order to collect information that would otherwise be difficult to find.
The registry, announced on Tuesday at a Consensus: Invest event, will collect information in one place that rarely becomes public knowledge, including the structure of tokens, data on coin issues, official communication channels, management of funds raised, and information about project team members.
The target group Crypto-Sweep was formed in April 2018 on the recommendation of the North American Association of Securities Administrators (NASAA). Only in the last month, it received 70 requests for the investigation of fraudulent crypto-currencies and ICO in 40 states of the United States and Canada.
The Securities and Exchange Commission of the United States (SEC) began to verify the legitimacy of the activities of crypto-exchange companies. Dozens of companies operating on the cryptocurrency market received agendas and requests for the provision of financial information, which will be analyzed and evaluated by the regulator. The commission's concern is caused by the almost unregulated scope of ICO projects, as well as some ways of attracting investments. In particular, this is the organization and conduct of ICO by companies whose activities do not fall under the normative acts governing the conduct of traditional public events.
Many have heard of people building their homes and getting rich, or have lost their savings when investing in cryptocurrencies. Naturally, this attracted the attention of regulators, including the Securities and Exchange Commission (SEC), whose chairman expressed his point of view on the situation. Jay Clayton (SEC Chairman) shared his thoughts on the cryptocurrencies and ICO, which are squeezed to five main points.
