• New York Digital Investment Group seeks Bitcoin ETF
    Bitcoin,  Regulation

    New York Digital Investment Group seeks Bitcoin ETF approval

    The Bitcoin-focused firm’s filing, which includes a partnership with Morgan Stanley, comes as Canada approved two Bitcoin ETFs in a week

    NYDIG’s U.S. application with the SEC joins others by investment firm VanEck, which filed on Dec. 30, and the Feb. 5 filing by bitcoin fund manager Valkyrie Digital Assets. The three U.S. applications are just the latest step in a years-long and so far useless battle by bitcoin proponents to launch an ETF in the U.S. But with anti-bitcoin SEC Chairman Jay Clayton replaced by a new, crypto-knowledgeable acting SEC chairman in Gary Gensler, many believe that is about to change.

  • Ripple settle SEC lawsuit
    Regulation,  Ripple,  XRP

    Ripple angling to settle SEC lawsuit?

    Charged with selling XRP as an illegally unregistered security, the international payments firm has been pugnacious but said it was open to settling in a filing released Monday

    Previous discussions took place under former SEC chair Jay Cayton and his top lieutenants, whereas the new acting SEC chairman, Gary Gensler, has a more positive outlook, as well as a much deeper understanding of cryptocurrencies and the underlying blockchain technology. Gensler spent the last few years teaching cryptocurrency and blockchain at MIT, and has been a fixture at industry events.

  • Ripple suit no slam dunk
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    Ripple suit no slam dunk for SEC: Grayscale attorney

    Suing to prove XRP is a security is bad regulation and bad strategy that Securities and Exchange Commission Chairman Gary Gensler should halt argues Joseph Hall

    Calling the suit indicative of what was wrong with the agency’s treatment of cryptocurrencies under now-departed Chairman Jay Clayton, Hall called on Gary Gensler, the recently nominated SEC chairman who is currently a professor teaching digital assets and blockchain at MIT, to use the suit to “chart a different course” in its treatment of cryptocurrencies.

  • crypto-savvy regulators
    Cryptocurrencies,  People,  Regulation

    Bitcoin’s hat trick: Crypto-savvy leaders coming to all three U.S. regulators

    With the Gary Gensler at the SEC, Chris Brummer at the CFTC, and Michael Barr at the OCC, the cryptocurrency industry will face regulators who understand it

    The third week of the year will very likely prove to be its most significant for cryptocurrency innovators and investors. Crypto scored a hat trick with news that President Joe Biden’s three top financial regulators—the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the bank-overseeing Comptroller of the Currency—will all be intimately familiar with the cryptocurrency and blockchain business.