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Grayscale CEO: The Launch of Short Bitcoin ETF Is Positive for Crypto

Michael Sonnenshein, the CEO of the leading crypto asset manager, Grayscale Investments, believes the launch of ProShares’ Short Bitcoin Exchange-Traded Fund (ETF) could be a positive sign for the industry.…

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Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet

The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will…

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SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury…

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Hester Peirce Lashed out on the SEC for Delaying the Approval of Spot Bitcoin ETFs

SEC Commissioner Hester Peirce, famously known as “crypto mom” due to her years-long supportive attitude toward the industry, slammed the top US securities watchdog for failing to greenlight spot bitcoin…

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Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin

Five Republican senators, including “Crypto Senator” Cynthia Lummis, have sent a letter to the SEC regarding its March bulletin, which established broad new requirements for trading platforms.

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Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto

SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together.

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