Crypto Ethone

Source: Shutterstock Cathie Wood's investment management firm, ARK Invest, is on the growing list of US-based firms that filed for spot Bitcoin exchange-traded funds (ETFs) approval with the SEC.   The investment manager, alongside crypto asset manager 21Shares,  filed  an amended spot BTC ETF proposal and added a surveillance sharing agreement. This amendment followed almost two weeks after BlackRock's spot Bitcoin ETF filing that generated a loud buzz within the crypto ecosystem. ARK’s Revised Spot BTC ETF Proposal Could Meet SEC Requirements BlackRock’s ETF filing  contained the surveillance agreement, implying that ARK and 21Shares added the latest revision to match BlackRock’s. ARK Invest and 21Shares submitted their spot Bitcoin ETF proposal to the SEC in April, nearly two months before BlackRock’s application came along.  Theoretically, the duration and amendment move could place the firms ahead of BlackRock in obtaining the SEC’s approval....

  The compromise would allow the exchange to continue operating in the US for the time being. The Securities and Exchange Commission and Binance have come to an agreement that will allow the cryptocurrency exchange to continue operating in the US until a lawsuit filed by the SEC earlier this month is resolved. The regulator sued Binance and founder Changpeng Zhao, better known as CZ, on June 5th, alleging the company had artificially inflated trading volumes, mixed and diverted customer assets and failed to restrict US investors from trading on Binance.com when they were supposed to stay on a separate US system. After announcing the charges, the SEC sought to freeze Binance’s US assets. The regulator said the move was necessary to protect customer funds and prevent the company from potentially moving money abroad. Binance, meanwhile, argued an asset freeze would put it out of business in the US. On Tuesday, the judge overseeing the litigation ordered the two sides to come to ...

  SEC Sues Crypto Exchange Binance , CEO Changpeng Zhao Over Multiple Securities Violation Allegations The company already faces a suit from the Commodity Futures Trading Commission. The U.S. Securities and Exchange Commission sued crypto exchange Binance, the operating company for Binance.US and Binance founder and CEO Changpeng "CZ" Zhao on allegations of violating federal securities laws on Monday. Binance, Binance.US and CZ offered unregistered securities to the general public in the form of the BNB token and Binance-linked BUSD stablecoin, said the suit, which also alleges that Binance's staking service violated securities law. There are similar charges against BAM Trading – the operating company for Binance.US – and Binance itself, including failure to register as a clearing agency, failure to register as a broker and failure to register as an exchange. The SEC also alleged that Binance allowed for commingling of customer funds, that CZ was "secretly" con...