Nasdaq has submitted a pivotal 19b-4 form to the U.S. Securities and Exchange Commission (SEC) to seek approval for a spot Litecoin (LTC) exchange-traded fund (ETF). The exchange filed a 19b-4 form on behalf of Canary Capital for the “Canary Litecoin ETF.” The form outlines that U.S. Bancorp Fund Services ... Read more
President-elect Donald Trump is reportedly ready to sign an executive order naming cryptocurrency a national priority in what could be a dramatic reshaping of the crypto landscape in the United States. The directive, expected as early as Jan. 20—Trump’s first day back in office—could chart a new regulatory course for ... Read more
Canary Capital lately amended its S-1 filing for a Litecoin exchange-traded fund (ETF), a move seen to spur speculation that Litecoin might be the next digital asset to get the green light from the U.S. Securities and Exchange Commission (SEC). If approved, it would become the third crypto ETF to ... Read more
The U.S. Securities and Exchange Commission (SEC) has formally appealed its case against Ripple Labs. The appeal, filed late Wednesday, contests a July 2023 ruling that dismissed claims that XRP retail sales were unregistered securities. The appeal focuses on whether these sales qualify as securities transactions under the Howey Test. ... Read more
The United States Securities and Exchange Commission (SEC) has accused noted business magnate Elon Musk of violating securities laws. The regulator says that Musk did not report his purchase of more than 5 percent of Twitter’s shares in the prescribed time, which is against the federal securities laws. The lawsuit ... Read more
Cryptocurrency use has grown significantly in the past twelve years and has now reached 300 million users. This growth is faster than the take off of mobile phones that took 21 years and the internet which took 15 years to achieve the same level of subscribers. It is the largest ... Read more
The US Court of Appeals for the Third Circuit ruled in favor of Coinbase, criticizing the SEC’s denial of rulemaking. The court called the SEC’s reasoning “arbitrary and capricious” and ordered a more detailed explanation. Industry leaders supported the decision, highlighting concerns over the SEC’s approach to crypto regulation. The ... Read more
XRP is making waves fueled by a bullish technical crossover and a decisive break above a key resistance level. Recent technical analysis indicates the formation of a golden cross on the 1-day chart, adding fuel to the ongoing price rally. This key metric takes place when the 50-day moving average ... Read more
The Blockchain Association has filed an amicus brief in the SEC v. Balina case, urging the Fifth Circuit to reject the SEC’s bid to extend its jurisdiction internationally. The question is whether the SEC should have authority over digital asset projects outside the United States simply because they could reach ... Read more
On January 7, Coinbase gained a small but significant win in the lengthy battle with the U.S. Securities and Exchange Commission. A federal judge granted an interlocutory appeal to the exchange. This was in response to the ruling by Judge Katherine Failla of the Southern District of New York. Judge’s ... Read more
