Traders Short Ethereum as Grayscale Pulls Futures ETF Plan

[ad_1] Grayscale, a leading cryptocurrency asset manager, has unexpectedly withdrawn its application for an Ethereum futures exchange-traded fund (ETF) just weeks before the U.S. Securities and Exchange Commission (SEC) was set to make a decision on it. This move has left many in the industry speculating about the implications for the future of Ethereum-based investment […]

Ethereum Under Attack: SEC “Protecting Financial Landscape” Consensys CEO Slams SEC’s Crypto Crackdown

[ad_1] Ethereum co-founder and Consensys CEO Joseph Lubin has accused the United States Securities and Exchange Commission (SEC) of intentionally stifling innovation in the cryptocurrency industry to protect the existing financial landscape. Speaking at FT Live’s Crypto and Digital Asset Summit in London, Lubin shed light on his company’s decision to sue the SEC after […]

Kraken Fights SEC’s Definition Of Securities

[ad_1] Crypto exchange Kraken has intensified its fight against the US Securities and Exchange Commission (SEC) by formally submitting a reply in support of its motion to dismiss the agency’s lawsuit. The filing, dated May 9, 2024, challenges the SEC’s claim that Kraken operated as an unregistered exchange dealing with securities, specifically “investment contracts.” Led […]