Today the SEC and the Commodity Futures Trading Commission (CFTC) filed parallel charges against 1Broker.com, seizing their website and alleging a variety of crimes including money laundering, wirefraud, and operating as an unregistered broker/dealer of securities.
SEC Commissioner Hester Peirce took to Twitter to announce a formal dissent against the Commissions order disapproving the rule change that would’ve allowed the Winklevoss twins to create the first Bitcoin ETF.
The Winklevoss twins and the rest of the world will have to wait a bit longer for a crypto-based ETF. The SEC rejected the twins’ application for a “Winklevoss Bitcoin Trust.”
Jon Montroll has pled guilty to a combination of securities fraud and obstruction of justice in his dealings with the SEC. Geoffrey Berman, US Attorney General for the Southern District of New York, received the plea on both counts this past Monday.
At the end of June, the CBOE provided a proposal to the SEC to list and trade SolidX Bitcoin shares as a Bitcoin ETF backed by VanEck asset management. Now, the SEC has opened up the comments page for the CBOE ETF proposal, where you can learn how to submit comments and see what others…
Critics say that the system in place for approving new Exchange-Traded Funds is unfair and gives preference to well-rooted firms, making it next to impossible for new funds to get regulator-approval.
The CBOE has provided a proposal to the Securities Exchange and Commission (SEC) to list and trade SolidX Bitcoin shares as a Bitcoin exchange-traded fund (ETF). The shares would be backed by VanEck asset management. While all other proposed Bitcoin Exchange-traded Funds (ETFs) would trade bitcoin futures regulated by the Commodity Futures Trading Commission (CFTC),…