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Treasury official acknowledges most crypto transactions are ‘legitimate’ but still anticipates additional sanctions

“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our…

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Spot and Futures-Backed Bitcoin ETF: What’s the Difference?

On October 19th, 2021, the United States Securities and Exchange Commission (SEC) approved the first futures-backed Bitcoin exchange-traded fund (ETF). An SEC-approved ETF is something that the cryptocurrency community has…

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Facebook Partners With Coinbase to Launch Its Cryptocurrency Wallet Novi, US Regulators Fight Back

Facebook has not given up in its quest to harness the power of the blockchain to expand into the finance business. After failing with its Libra project, the social media…

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SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

In the same interview, Proshares CEO Simeon Hyman opined that regulated futures traded in a 40-act ETF will open the opportunity to get BTC exposure to a lot of folks…

Continue ReadingSEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF