SEC


Policy

Republican Congressman Demands Clarity From the SEC on Crypto Regulation

Rep. Patrick McHenry (R-N.C.), ranking member of the House Financial Services Committee, has been pushing for regulatory clarity on digital assets since March.

Representative Patrick McHenry, a Republican of North Carolina and ranking member of the House Financial Services Committee, speaks during a hearing in Washington, D.C., U.S., on Thursday, Sept. 30, 2021. The Treasury secretary this week warned in a letter to congressional leaders that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the debt limit. Photographer: Al Drago/Bloomberg via Getty Images

Videos

US Lawmaker Proposes Safe Harbor Bill, Echoing SEC Commissioner Peirce

"The Hash" hosts discuss the specifics, reactions, and possible outcome of Rep. Patrick McHenry (R-N.C.), the ranking member on the House Financial Services Committee, unveiling a safe harbor bill Tuesday called the “Clarity for Digital Tokens Act of 2021.″ The provision would effectively codify SEC Commissioner Hester Peirce’s Token Safe Harbor proposal, which aims to create a pathway for crypto startups to launch token sales to fund their projects without fear of SEC enforcement.

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Videos

SEC Subpoenas USDC Stablecoin Backer Circle

Circle, a key supporter of the USDC stablecoin, revealed in a regulatory filing that it received an “investigative subpoena” from the SEC’s Enforcement Division in July, potentially about the assets backing USDC. “The Hash” team discusses the latest escalation by SEC Chairman Gary Gensler’s signaling federal scrutiny of crypto is on the rise.

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Markets

Market Wrap: Bitcoin Rises Toward $50K on Hopes for US ETF Approval

Analysts expect that approval to fuel a fourth-quarter crypto rally.

Bitcoin 24-hour chart (CoinDesk)

Policy

SEC Delays Decision on 4 Bitcoin ETFs

The agency extends its review of applications from Global X, Kryptoin, Valkyrie and WisdomTree by 45 to 60 days.

SEC headquarters

Videos

SEC Delays Decision on 4 Bitcoin ETFs

The U.S Securities and Exchange Commission (SEC) has delayed its decision on four proposals for bitcoin exchange-traded funds (ETFs) from ​Global X, Kryptoin, Valkyrie, and WisdomTree by 45 to 60 days. This comes as SEC Chairman Gary Gensler suggested bitcoin futures ETFs are most likely to gain regulatory approval.

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Videos

Will Bitcoin's Bull Run Continue Next Week?

Bitcoin is up 9.13% on the day as institutions outside the U.S. have reportedly turned more bullish, but will the rally continue? CoinDesk's Christie Harkin discusses what to expect next week, as the SEC has also delayed its decision to approve four bitcoin ETF applications.

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Finance

SEC Crypto Regulations Need ‘Even Application,’ Says A16z’s Katie Haun

Speaking at CNBC’s investor summit, she also said regulations can’t be “one size fits all.”

SEC headquarters (Wikimedia Commons)

Policy

Gensler Reiterates Support for Futures-Based Bitcoin ETFs

The SEC chairman struck a similar tone in August, igniting a rush in tailor-made ETF filings.

WASHINGTON, DC - SEPTEMBER 14: Gary Gensler, Chair of the U.S. Securities and Exchange Commission,  testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on September 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)

Markets

Market Wrap: Analysts Expect Higher Bitcoin Trading Volume in October

Unlike with the S&P 500, bitcoin’s correlation with commodities has continued to decline over the past few months, mostly due to the steady rise in oil and gas prices.

Bitcoin 24-hour chart (CoinDesk)