U.S. SEC Commissioner: Regulators are considering Ethereum spot ETFs
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), revealed at the ETH Denver event that the SEC is considering an Ethereum spot ETF, but currently "there is no information that can be disclosed." In addition, Hester Peirce believes that some of the choices made by the SEC are very strange, because when regulatory agencies drive entities out of the United States, they are actually pushing them beyond the control of U.S. regulatory agencies.
U.S. SEC accuses founder of online encryption course of committing fraud against students
The US SEC has accused 51-year-old founder of the American Bitcoin Academy, Brian Sewell, and his company, Rockwell Capital Management, of defrauding students. The defendants claimed that their hedge fund would use complex tools such as artificial intelligence to generate returns. This fraudulent scheme resulted in 15 students losing $1.2 million.
The US SEC responded to "Ripple rejected its enforcement motion" and asked Ripple to provide relevant evidence
According to CoinGape's report, the US Securities and Exchange Commission responded to "Ripple's refusal of its motion to compel," stating that its request for Ripple to provide relevant financial statements was procedurally correct. The SEC still requires Ripple to provide two years of audited financial statements, contracts for the sale or transfer of XRP to "non-employee trading counterparties" after the lawsuit was filed, and detailed amounts of "XRP institutional sales proceeds" received after the lawsuit was filed. In addition, the US Securities and Exchange Commission is seeking to penalize Ripple in the XRP lawsuit.
A U.S. federal judge expressed doubts about the SEC's claims. If he supports the SEC, he may inadvertently expand the definition of securities to collectibles and other fields.
On Wednesday local time, US District Judge Katherine Polk Failla presided over a hearing on Coinbase's request to dismiss the SEC civil lawsuit. During the five-hour hearing, Failla seemed skeptical of the SEC's views, telling the SEC's lawyers in court, "I want to know how your standards don't involve the collectibles market or commodities. I'm concerned your argument is too broad." A federal judge expressed doubts about the Securities and Exchange Commission's (SEC) claims, noting that supporting the SEC's claims could inadvertently expand the definition of securities to areas such as collectibles that are not within the SEC's regulatory scope. At the end of Wednesday's hearing, Failla did not make a ruling, but is expected to do so in the coming months. After the hearing, Citigroup raised its target price for Coinbase from $90 to $151.
U.S. SEC opens comment period on proposal to conduct options trading based on BlackRock Spot Bitcoin ETF
According to a public document, the US Securities and Exchange Commission (SEC) has opened a comment period on Nasdaq's proposal to allow options trading based on the BlackRock spot bitcoin ETF, with a 21-day solicitation period. BlackRock was just approved by the SEC last week to list its spot bitcoin ETF (iShares Bitcoin Trust), and James Seyffart, an ETF research analyst at Bloomberg, said the SEC's action on the proposal was faster than usual.
Bloomberg analysts: The U.S. SEC may approve options products based on Bitcoin spot ETFs as early as the end of February
Bloomberg analyst James Seyffart posted on social media that the SEC has confirmed the 19b-4 filings for bitcoin-based ETF options products submitted by the New York Stock Exchange, Nasdaq Exchange, and CBOE Exchange. The analyst stated that this is faster than the SEC's usual actions, and if the SEC wants to take quick action, the options products may be approved by the end of February, with over 27 days until the earliest decision time. The latest decision time is around September 21st this year.
CBOE and Nasdaq submit applications to U.S. SEC for options trading on spot BTC ETF
On January 20th, it was reported that the US Securities and Exchange Commission had received applications for BTC ETF option trading from Nasdaq and the Chicago Options Exchange on January 19th. It is reported that Nasdaq has applied to modify its rules to allow it to list and trade options on BlackRock's iShares Bitcoin Trust. The Chicago Options Exchange (CBOE) has applied to list and trade options applicable to "holding Bitcoin ETPs (Exchange Traded Products)", and currently, CBOE has listed 6 of the 10 spot BTC ETFs approved by the US Securities and Exchange Commission.
The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
On January 14th, The Block reported that the US SEC issued a statement regarding the SEC official Twitter account being hacked.<br>In a statement by SEC Chairman Gary Gensler, the agency claimed that "an unauthorized individual accessed the SEC official Twitter account by gaining control of the phone number associated with the account." This may have been a SIM card swap attack, a common form of Twitter account hijacking that can be avoided through multi-factor authentication.<br>In the statement, Gary Gensler wrote: "Commission staff are still assessing the impact of this event on the agency, investors, and the markets, including concerns about the security of SEC social media accounts."<br>Gary Gensler also noted that the agency is working with law enforcement to further investigate the matter.
SEC Issues Statement on Unauthorized Access to Social Media Account and Fake Bitcoin ETF Announcement
The U.S. Securities and Exchange Commission has confirmed that an unauthorized party gained access to its X.com account and made a false announcement claiming the regulator had approved a spot bitcoin exchange-traded fund. The SEC stated that the party gained access by taking control of the phone number associated with the account. While the SEC is still assessing the scope of the incident, there is currently no evidence that the unauthorized party gained access to SEC systems, data, devices, or other social media accounts. The SEC is coordinating with law enforcement and federal oversight entities in their investigations and will provide updates on the incident as appropriate.
Hack of SEC's Official Account on X Raises Concerns About X's Security
The recent hack of the U.S. Securities and Exchange Commission's official account on X has raised concerns about the security of Elon Musk's social media platform. However, X's safety team has confirmed that the account was compromised due to the SEC's failure to enable two-factor authentication, rather than any breach of X's systems. The hackers posted false news about the SEC's approval of all spot Bitcoin ETFs, causing massive volatility in the Bitcoin price and over $140 million in total liquidation in hours. The SEC is now working with law enforcement to investigate the matter, while some are blaming Elon Musk for the incident and the lack of security measures on the platform.
