New documents reveal that the State of Michigan holds millions of dollars worth of investments in the ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF). According to a new 13-F filing with the U.S. Securities and Exchange Commission (SEC), the State of Michigan Retirement System has purchased 110,000 shares of ARK 21Shares BTC ETF (ARKB) worth
Skybridge Capital founder Anthony Scaramucci says that the next crypto bull market could be ignited by a new wave of clear crypto regulations. In a new interview on CNBC Squawk Box, the ex-White House communications director says that he and two other prominent figures in the industry went to Washington, D.C. to speak to officials
Listen to this article OKLAHOMA CITY — Oklahoma Attorney General Drummond is pushing back against federal regulation on cryptocurrencies. Drummond announced Thursday he has joined an Iowa-led amicus brief with Arkansas, Indiana, Kansas, Montana and Nebraska challenging the Securities and Exchange Commission’s regulation of cryptocurrencies. According to the brief, the states oppose the SEC’s regulation
Ripple’s CEO says the cryptocurrency industry is still seeking regulatory clarity from the U.S. Speaking with Bloomberg News Wednesday (July 17), Brad Garlinghouse said America lags behind other countries that have already adopted crypto regulations. “What we are seeing, where it’s the UK, Japan, Singapore … even the European Union, more than two dozen countries have come together to provide a
The US House of Representatives could be voting this week to overturn President Joe Biden’s veto of a bill that would have eliminated a controversial rule by the U.S. Securities and Exchange Commission (SEC). According to House Majority Leader Steve Scalise’s weekly schedule, the House of Representatives may vote this week to overturn Biden’s veto
The SEC has filed a complaint against ConsenSys Software Inc. in the United States District Court for the Eastern District of New York, alleging that the company has been operating as an unregistered broker and offering unregistered securities through its MetaMask Swaps and MetaMask Staking platforms. This development highlights the regulatory scrutiny in the crypto
If the Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds represented a watershed moment for cryptocurrency, the arrival of spot Ether ETFs on Wall Street could be nothing short of revolutionary. In a move that caught even the most bullish crypto cheerleaders off guard, U.S. regulators have cleared the way for ETFs for
National Association of Private Fund Managers, et al. v. Securities and Exchange Commission Washington, D.C., June 05, 2024 (GLOBE NEWSWIRE) — Today, the U.S. Court of Appeals for the Fifth Circuit issued a decision in National Association of Private Fund Managers v. Securities and Exchange Commission vacating SEC’s recent final rule restricting—and in some cases
President Joe Biden has vetoed a resolution limiting the Securities and Exchange Commission’s (SEC) authority over the cryptocurrency sector. Biden announced the veto Friday (May 31) evening, saying that the legislation would have constrained regulators’ ability to put up guidelines for the crypto industry. “Appropriate guardrails that protect consumers and investors are necessary to harness
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck