The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach a decision on a spot Bitcoin (BTC) exchange-traded fund, or ETF, offering from ARK 21Shares.  In a Sept. 26 notice, the SEC said it would designate a longer period on whether…

In a filing dated Sept. 26, the U.S. Securities and Exchange Commission (SEC) deferred its decision on a major spot Bitcoin exchange-traded fund (ETF), causing further delay to the final verdict on the ARK 21Shares Bitcoin ETF. This filing recognized that the Cboe BZX had earlier proposed a rule change,…

The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan in a Sept. 26 court hearing, a filing on…

Four members of Congress have dispatched a letter to the Securities and Exchange Commission (SEC) today calling for immediate approval of a spot Bitcoin Exchange-Traded Fund (ETF). The letter argues that the SEC’s recent appeals court loss to Grayscale Investments underscores the untenability and unlawfulness of the agency’s existing policy…

The Abu Dhabi Global Market (ADGM) has granted Laser Digital, the digital assets arm of Japan’s Nomura Bank, in-principal approval to provide broker-dealer services and asset/fund management services with both digital and traditional assets, according to an ADGM communication on Sept. 26.  Laser Digital can receive full Financial Services Permission…

In a Sept. 26 filing, Judge Lewis Kaplan, presiding over the criminal case against Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, issued rulings on the admissibility of certain types of evidence in his forthcoming criminal trial. Judge Kaplan began by ruling that government prosecutors are permitted to introduce…

Four members of the United States Congress are requesting Securities and Exchange Commission (SEC) chair Gary Gensler “immediately” approve the listing of spot Bitcoin (BTC) exchange-traded funds, or ETFs. In a Sept. 26 letter to Gensler, U.S. Representatives Mike Flood, Wiley Nickel, Tom Emmer and Ritchie Torres claimed the SEC…

Lauren Belive, a former official with the White House’s Office of Legislative Affairs and policy director with the United States House Committee on Rules, has joined crypto firm Ripple as its head of U.S. public policy and government. In a Sept. 26 announcement on LinkedIn, Belive said she had accepted…

Pudgy Penguins  has announced a merchandising deal with retail giant Walmart that will introduce its IP to the megastore’s shelves in over 2,000 stores. The Pudgy Toys—plush collectibles that will now be sold alongside legacy brands in Walmart’s brick-and-mortar stores—will offer access Pudgy World, a digital social experience on zkSync…

Cryptocurrency exchange Gemini is allocating 2 billion rupees ($24 million) for its expansion in India. According to the Sept. 26 announcement, the funds will be used to grow Gemini’s development center in Gurgaon. The exchange said:  “Our teams based in Gurgaon will also be responsible for core platform fundamentals in…