SEC


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PayPal Received SEC Subpoena Related to its Dollar-Pegged Stablecoin

PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday, the global payments giant said in a filing. In August, the firm announced it was entering the cryptocurrency market with the U.S. dollar-pegged stablecoin, PayPal USD.

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PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

In August, PayPal said it would introduce its own U.S. dollar-pegged stablecoin, PayPal USD.

paypal logo on a smartphone booting up the payments app (Marques Thomas/Unsplash, modified by CoinDesk)

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SafeMoon Execs Arrested by DOJ in Fraud Investigation, Charged by SEC

Crypto company SafeMoon's CEO and chief technology officer were arrested, accused of withdrawing more than $200M to buy luxury cars and homes from funds that they told investors were "locked," according to the DOJ and the regulator.

The U.S. Department of Justice grabbed another of the men it alleges moved billions in criminal money at BTC-e.  (Jesse Hamilton/CoinDesk)

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'Bruno Brock', Founder of Oyster Pearl, Gets 4 Year Jail Term for Tax Evasion

Elmaani pleaded guilty in April 2023, agreeing that he caused a tax loss of over $5.5 million.

(Jesse Hamilton/CoinDesk)

Videos

How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection

Alex Thorn, head of research at Galaxy, sees inflows to spot bitcoin ETFs reaching more than $14 billion in the first year after a potential SEC approval and the price of bitcoin spiking to $47,000. He also sees approval of these products possibly occurring this year.

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Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10

The SEC decided not to appeal its court loss against Grayscale, which means GBTC’s conversion to a spot BTC ETF is likely on its way. And multiple spot Bitcoin ETF applications appear to be inching closer to approval. James Seyffart, market analyst at Bloomberg Intelligence, and Matt Hougan, chief investment officer at Bitwise Asset Management, feel quite certain a spot Bitcoin ETF will launch in the next few months.

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SEC’s Gensler Won’t Say What’s Next With Bitcoin ETFs After Grayscale Loss

The agency chairman also declined to give any indications on timing or the order applications might be considered.

SEC Chair Gary Gensler in Washington on Oct. 25, 2023 (Jesse Hamilton/CoinDesk)

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Coinbase Says SEC Is Attempting to ‘Redefine Definition of an Investment Contract’

Coinbase argues in a new filing that the Securities and Exchange Commission is attempting to control all investment activity and define its own regulatory ambit.

Bitwise submitted an S-1 form to the SEC, a step forward for its dogecoin ETF plans. (CoinDesk)

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Grayscale Court Victory Over SEC in Spot Bitcoin ETF Case Made Final

Grayscale's application to convert its GBTC to a spot ETF will now be re-considered by the SEC.

Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

Videos

Bitcoin Eyes $31K; Coinbase Set to Make Final Pitch in Bid to Kill SEC Case

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories of the day, including bitcoin's (BTC) recent pop and what it means for MicroStrategy's (MSTR) crypto holdings. Coinbase is getting ready to make its final case on Tuesday that a judge should toss the SEC's unregistered securities dispute. Plus, Hong Kong has loosened its stance on spot-crypto products.  

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