SEC Punts Spot on Bitcoin Applications
The agency is pushing back the applications for at least another 45 days.
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The agency is pushing back the applications for at least another 45 days.
(Bloomberg) -- Ripple Labs objected to the Securities and Exchange Commission’s request to appeal a federal judge’s ruling that cryptocurrency wasn’t a security when sold to the public.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Votes for President in Test of Ruling Party’s SwayPutin Moves to Seize Control of Wagner’s Mercenary
The fast-food worker fraudulently obtained $200,000 of advance credit, and plowed it into several trendy stocks including Apple and AMC, the SEC said.
A court ruling siding with Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's appli...
Michael Sonnenshein called his firm's courtroom victory over the SEC "overwhelming" in an interview with Yahoo Finance.