To embed, copy and paste the code into your website or blog:
The U.S. Securities & Exchange Commission (“SEC”) filed a complaint against Ripple Labs, Inc. (“Ripple”) and two of its executives, Brad Garlinghouse and Chris Larsen, on December 22, 2020 in the U.S. District Court for the Southern District of New York
[1], alleging that sales of $1.3 billion of XRP by Ripple and the executives during a period ranging from 2013 through 2020 constitute an ongoing unregistered offering of securities in violation of Section 5 of the Securities Act of 1933, as amended. In a significant departure from prior actions by the SEC, the complaint names Ripple executives as individual defendants, both for their alleged direct offers and sales of Ripple’s XRP in violation of Section 5, as well as their role in allegedly aiding and abetting Ripple’s violation of securities laws. As new leadership prepares to take the helm at the SEC, likely under the leadership of former CFTC Chair Gary G
Legal Disclaimer
You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor.
Message :
Required fields
LONDON (Reuters) - Some of the world s biggest sovereign wealth funds and public pension funds are getting caught in the escalating tensions over technology between the United States and China, a Reuters analysis of their filings data and public disclosures show.
They range from Norway and Singapore s giant sovereign wealth funds to Switzerland s central bank and the $1.1 trillion U.S. TIAA, founded over a century ago by Andrew Carnegie as the Teachers Insurance and Annuity Association of America.
U.S. investors were banned from owning stakes in more than 40 Chinese firms viewed as having military links in a series of moves since November, as outgoing U.S. President Donald Trump sought to cement his hardline policy against Beijing.
Per Valkyrie Investments, Coinbase Custody Trust Company would be the ETF’s custodian.
VanEck also resubmitted its BTC ETF application at the end of 2020.
Texas-based Valkyrie Digital Assets has filed for a bitcoin exchange-traded fund (ETF) with the US Securities Exchange Commission (SEC). The firm filed this application on January 22, noting that the proposed ETF is named Valkyrie Bitcoin Fund. Per Valkyrie Investment, the parent company of Valkyrie Digital Assets, its subsidiary seeks to list its ETF on the New York Stock Exchange (NYSE) if the SEC approves it.
According to the filing, Coinbase Custody Trust Company will act as the custodian for the proposed ETF. While this is Valkyrie’s first BTC ETF filing, the firm has reportedly launched numerous ETFs based on other assets. Per Leah Wald, Valkyrie Investments’ CEO, the company has also issued publicly-traded funds and ETPs.