#SEC
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Valkyrie's spot Bitcoin ETF application has officially entered the review stage at the U.S. Securities and Exchange Commission (SEC). It comes right after BlackRock's recent submission.
Here's an interesting detail: this ETF has been given the ticker symbol BRRR, a sound crypto enthusiasts often equate with the whir of a money printing machine!
The SEC has a window of up to 45 days (which can be extended to 90 days in special cases) to review Valkyrie's application. BlackRock's Bitcoin ETF May Get the Green Light: Here's Why
If the Securities and Exchange Commission (SEC) greenlights the Bitcoin ETF application from BlackRock, the world's leading investment company with a staggering $10 trillion under management, it could result in a considerable surge in Bitcoin's value and consequently elevate the entire cryptocurrency market. 
SEC Approval of Bitcoin ETF Won't Shift the Game, Say JPMorgan
In a recent report, JPMorgan expressed a measured outlook on the influence a spot bitcoin exchange-traded fund (ETF) would have on cryptocurrency markets, even if the U.S. Securities and Exchange Commission (SEC) gives it the green light. The financial institution pointed out that while the approval of such an ETF is eagerly awaited, it may not be the market-altering event some anticipate. Thailand and Singapore Against Crypto Staking and Lending
In a recent development, the Securities and Exchange Commission (SEC) of Thailand has implemented new regulations that require cryptocurrency exchanges and other entities to publicly disclose the potential risks associated with trading cryptocurrencies. 
The SEC Sets Its Sights on AI
The U.S. Securities and Exchange Commission (SEC) is broadening its horizons, extending its reach beyond BTC and altcoins to the AI market. This surprising development came to light when the former Chairman of the Commission discussed the latest regulatory initiatives involving cryptocurrencies. 
A Twitter user (@hufhaus9) has created a visual timeline outlining the SEC’s response deadlines for the approval of BlackRock’s Bitcoin spot ETF.
Just 10 days ago, the renowned global investment firm with $10 trillion in assets applied for a groundbreaking Bitcoin spot exchange-traded fund in the United States.
First deadline: August 12, 2023
Second deadline: September 26, 2023
Third deadline: December 25, 2023
Final decision: February 23, 2024
If granted approval, BlackRock will be able to purchase BTC directly from the spot market, potentially utilizing platforms like Coinbase, on behalf of its clients.
With the BTC halving and these deadlines coinciding, the first quarter of 2024 promises to be an exciting period! 
On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day.
The company’s token dropped 6% upon hearing the news.
The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022.
The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses. Grayscale Criticize SEC for Approving First Leveraged ETF Launch
Grayscale, a crypto asset manager, has expressed criticism towards regulators for approving a leveraged bitcoin-based exchange-traded fund (ETF) while the company’s own spot bitcoin ETF application remains rejected by the U.S. Securities and Exchange Commission (SEC). Celsius: SEC Darling to Debt Abyss!
Celsius Network, launched in 2017, was a crypto lending platform that adhered to SEC regulations. It enabled users to borrow cryptocurrencies and earn revenue from deposits. The native CEL token facilitated transactions and rewarded liquidity. With $903.8 million in funding, it was a promising venture. Bittrex Seeks Dismissal of SEC Legal Dispute
In its court filing, Bittrex asserts that the SEC’s regulatory jurisdiction over cryptocurrencies as securities is lacking unless specifically granted by Congress. This challenges the SEC’s interpretation of existing securities regulations and aims to establish a clearer regulatory framework for digital assets. 
On Friday, Fidelity Investments and several other firms submitted revised applications for spot Bitcoin exchange-traded funds (ETFs) after the US Securities and Exchange Commission (SEC) deemed the initial filings inadequate.
The companies, including Invesco, VanEck, 21Shares, and WisdomTree, are part of a group of eight firms aiming to launch the first wave of US spot Bitcoin ETFs.
BlackRock kickstarted the trend with its unexpected filing in mid-June.
In the latest filings, all five firms indicated that Coinbase Global Inc. will provide market surveillance for their ETFs, a detail that was missing from their previous applications. 
Treasury and SEC Urged to Review Digital Asset Legislation
Representative Maxine Waters, who holds a prominent position in the House Financial Services Committee, recently extended an invitation to influential decision-makers at federal regulatory institutions to offer their viewpoints on an upcoming framework encompassing digital assets.