Bitcoin24h $68,068.14+1.03%

Ethereum24h $2,076.47+0.36%

BNB24h $595.63+0.26%

XRP24h $1.31-0.77%

Solana24h $80.32-0.80%

TRON24h $0.3191+0.42%

Dogecoin24h $0.0912-0.96%

UNUS SED LEO24h $10.08+0.03%

Hyperliquid24h $36.25-0.60%

Cardano24h $0.2458-0.88%

SEC rejects spot bitcoin ETFs because of fake and manipulated volume

The SEC has repeatedly denied spot bitcoin ETF applications because crypto exchanges won’t agree to share truthful data.

How Ian Balina’s SEC lawsuit may influence future crypto securities cases

Ian Balina was sued by the SEC for promoting and selling the SPRK token, an alleged unregistered security.

SEC chair Gary Gensler said Proof-of-Stake blockchains fall under securities just hours after Ethereum’s Merge.

Making the case for the SEC, Gensler points to crypto platforms’ structural similarity to existing securities exchanges.

Lawyer John Deaton says the SEC should go after Ripple if it can prove a case but it’s unfair to hit traders 10 years after they bought XRP.