SEC

PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday, the global payments giant said in a filing. In August, the firm announced it was entering the cryptocurrency market with the U.S. dollar-pegged stablecoin, PayPal USD.

2. Nov. 2023

Alex Thorn, head of research at Galaxy, sees inflows to spot bitcoin ETFs reaching more than $14 billion in the first year after a potential SEC approval and the price of bitcoin spiking to $47,000. He also sees approval of these products possibly occurring this year.

31. Okt. 2023

The SEC decided not to appeal its court loss against Grayscale, which means GBTC’s conversion to a spot BTC ETF is likely on its way. And multiple spot Bitcoin ETF applications appear to be inching closer to approval. James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.

27. Okt. 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories of the day, including bitcoin's (BTC) recent pop and what it means for MicroStrategy's (MSTR) crypto holdings. Coinbase is getting ready to make its final case on Tuesday that a judge should toss the SEC's unregistered securities dispute. Plus, Hong Kong has loosened its stance on spot-crypto products.  

23. Okt. 2023

VettaFi head of sector & industry research Roxanna Islam discusses her outlook on the spot bitcoin exchange-traded fund applications and the U.S. Securities and Exchange Commission's reviewing process. "I really think that the SEC has been in active communication with these funds," Islam said. "Approval will likely come before the end of the year, if not by early January."

20. Okt. 2023

BlackRock recently submitted an amended prospectus for its spot bitcoin ETF application with the SEC. This comes after a false report that the world's largest asset manager received approval from the agency, which sent BTC's price on a short-lived rally. VettaFi Head of Sector & Industry Research Roxanna Islam discusses her reaction and where she sees the ETF race in the U.S. going from here.

20. Okt. 2023

Bitcoin (BTC) is trading around $28,200 after a false report about the Securities and Exchange Commission (SEC) approving the first spot bitcoin ETF pushed the price of the world's largest crypto by market cap to $30,000 Monday. Path Trading Partners co-founder and chief market strategist Bob Iaccino discusses his crypto markets analysis and the implications of a spot bitcoin ETF approval in the U.S.

17. Okt. 2023

The U.S. Securities and Exchange Commission (SEC) won’t appeal a courtroom loss against Grayscale, a person familiar with the matter said Friday, boosting the odds the Grayscale Bitcoin Trust (GBTC) can be turned into a more-appealing ETF. The Crypto Trader author Glen Goodman shares his crypto markets analysis. Grayscale and CoinDesk are both owned by DCG.

16. Okt. 2023

Friday is the deadline for the SEC to challenge Grayscale's legal victory, after a court ruled the regulator must review its rejection of Grayscale's attempt to convert GBTC into an exchange-traded fund (ETF). 21.co co-founder and CEO Hany Rashwan discusses his crypto markets analysis and the outlook for a spot bitcoin ETF approval. Grayscale and CoinDesk are both owned by DCG.

13. Okt. 2023

Bragança Law attorney and former SEC enforcement branch chief Lisa Bragança discusses whether Sam Bankman-Fried should take the stand at his trial. "The only way to really get Sam Bankman-Fried's state of mind across to the jury is for him to talk to the jury and that's a nightmare," Bragança said. "He might sow enough doubt in the minds of the jurors to get an acquittal."

12. Okt. 2023