Coinbase Bullish: Bitcoin ETF Approval Expected After SEC’s Defeat
In a recent CNBC report, Coinbase, the largest cryptocurrency exchange in the United States, expressed confidence in the approval of a US-based Bitcoin (BTC) exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Paul Grewal, Coinbase’s Chief Legal Officer, highlighted that the SEC’s recent court setback in the case of Grayscale’s proposed Bitcoin ETF has paved the way for a potential approval in the coming months. Coinbase Eyes Bitcoin ETF Approval Grewal emphasized that Coinbase is hopeful about the approval of ETF applications due to their....
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Coinbase has received regulatory approval for its planned direct listing and is expected to start trading on April 14.
The US Securities and Exchange Commission (SEC) has delayed the approval of what many expected to become the first Bitcoin ETF to operate on a major stock market. The SolidX Bitcoin ETF, an insurance-included mainstream Bitcoin trading instrument, was planned to be approved by the SEC by September 16, 2016. Potential 240-day delay. SolidX Management LLC, the company behind the development and distribution of SolidX Bitcoin ETF, filed its Registration Statement with the SEC back on July 11, with rule changes submitted to the federal register for comment on August 2. However, the SEC’s....
In recent developments surrounding the crypto world, lawyer John E. Deaton, known for his pro-XRP stance, has hinted at a potential significant defeat for the Securities and Exchange Commission (SEC) in its ongoing case against Coinbase. Pro-XRP Lawyer Deaton Gives Major Prediction Deaton took to Twitter to express his thoughts on the SEC’s recent motion […]
Nasdaq-listed cryptocurrency exchange Coinbase has obtained regulatory approval to offer crypto services in Italy. “Coinbase is committed to bringing the power of our full product suite to customers across Europe,” the company said. Coinbase Approved in Italy Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Monday that it has secured regulatory approval to provide crypto services in Italy. The company’s vice president of International and Business Development, Nana Murugesan, explained in a blog post: Today, we’re able to announce a key milestone....
The SEC’s notice to Coinbase over its Lend product might indicate incoming federal regulations aimed at crypto lending. Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States. While these enforcement actions have come from agencies at the state level, there have been indications that the Securities and Exchange Commission (SEC) was also set to go on the offensive.Thus, it was perhaps unsurprising to see the SEC ask Coinbase to halt its proposed crypto lending program titled “Lend.” Coinbase CEO Brian Armstrong took to....