Author name: Peter

SEC Chairman Gary Gensler Clarifies Stance on Bitcoin and Spot Bitcoin ETF Approvals

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Understanding the Regulatory Approval In the midst of the excitement surrounding the recent approval of spot bitcoin exchange-traded funds (ETFs), U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler took the opportunity to clarify the regulator's stance on bitcoin and cryptocurrency. While the approval of spot bitcoin ETFs may have created a positive buzz, Gensler […]

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Ethereum Steals the Spotlight — SEC Approves 11 Bitcoin ETFs with Tepid Market Reaction

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The U.S. Securities and Exchange Commission (SEC) made a groundbreaking decision by approving 11 spot bitcoin exchange-traded funds (ETFs), which had been eagerly anticipated by crypto enthusiasts. Despite this major regulatory milestone, the price of bitcoin remained stagnant over the past 24 hours. In contrast, ethereum experienced a significant rally, surging by 9.1% on Wednesday

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Former SEC Official Warns Against Spot Bitcoin ETFs as Recipe for Financial Ruin

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Spot Bitcoin ETFs: A Recipe for Disaster Former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC), John Reed Stark, has come out with a scathing critique of spot bitcoin exchange-traded funds (ETFs). These ETFs, which the SEC is expected to approve on Wednesday, have drawn criticism from Stark, who described them

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Luetkemeyer’s Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee

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With the retirement of Rep. Blaine Luetkemeyer (R-Mo.) at the end of 2024, there is a possibility for a more favorable approach towards cryptocurrency regulation in the House Financial Services Committee. Rep. French Hill (R-Ark.) is likely to take the lead in this new era. Shift in House Financial Services Committee Leadership Could Lead to

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SEC Chairman Gary Gensler Issues Warnings About Crypto Investing

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Concerns Raised by Gary Gensler The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, recently expressed concerns regarding investing in crypto assets. In a series of posts on the social media platform X, Gensler highlighted the potential risks and lack of regulatory compliance in the crypto industry. These warnings come at a

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SEC Expected to Approve Spot Bitcoin ETFs, Creating Potential Trading Wave

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Spot Bitcoin ETFs Await SEC Approval On Monday, the U.S. Securities and Exchange Commission (SEC) received final amendments from 10 applicants vying for spot bitcoin exchange-traded funds (ETFs). The deadline for submission was 8 a.m., and the news of potential approvals sent the price of BTC surging past $47,000. Anticipation Builds for Potential Approvals According

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Spot Bitcoin ETF Approvals Could Drive Bitcoin Price Higher, Says Ark Invest CEO

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Introduction Cathie Wood, the CEO of Ark Investment Management, is optimistic about the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). In an interview with CNBC, Wood expressed her belief that the approval of these ETFs could have a significant impact on the price of bitcoin, attracting

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Janet Yellen Declares U.S. Economy Reached ‘Soft Landing’ Scenario

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Janet Yellen's Optimistic View on the U.S. Economy Janet Yellen, U.S. Treasury Secretary and former Chairman of the U.S. Federal Reserve, believes that the recent improvements in the American economy show that the country has achieved a soft landing. For Yellen, the recent low figures of inflation and the strength of the labor market are

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