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The cryptocurrency fund manager Grayscale won a major court battle Tuesday against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund. Grayscale sued the SEC last year when the securities regulator denied its application to turn its bitcoin fund, known as GBTC, into an ETF. The ETF would be backed by bitcoin instead of bitcoin futures, according to Grayscale's application at the time.

The Securities and Exchange Commission has accused an Orlando man and his company of allegedly perpetrating a fraudulent multi-level marketing scheme and unregistered offering.

NEW YORK (Reuters) -Coinbase Global on Friday asked a judge to end the U.S. Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws. In a filing in federal court in Manhattan, Coinbase said the SEC had no authority to pursue its lawsuit because the digital assets and services it objected to did not qualify as securities, and said the agency has overreached. "Our core argument is simple - we do not offer 'investment contracts' as that term has been construed by decades of Su...

NEW YORK (Reuters) -Coinbase Global on Friday asked a judge to end the U.S. Securities and Exchange Commission's lawsuit accusing the world's largest publicly traded cryptocurrency exchange of violating federal securities laws. In a filing in federal court in Manhattan, Coinbase said the SEC had no authority to pursue its lawsuit because the digital assets and services it objected to did not qualify as securities, and said the agency has overreached. "Our core argument is simple - we do not offe

The company is under investigation by the SEC and has been subpoenaed by the U.S. Attorney’s Office.