According to the New York regulator, Genesis had compliance failures that violated crypto and cybersecurity regulations, leaving the company “vulnerable to illicit activity.”
The South Korean Financial Services Commission may review and update its regulations with regard to the Bitcoin spot ETF trade approval in the United States.
According to the announcement, this bipartisan working group builds on the work of the Task Force on Artificial Intelligence in the 116th and 117th Congresses.
Either a good or bad investment option for retail investors, spot Bitcoin ETFs will unlikely reduce demand for BTC in the long term.
The commission said the request was related to a July ruling in which a judge said XRP only qualified as a security when sold to institutional investors.
Many speculated that the SEC chair had no choice but to approve the investment vehicle after a court-ordered review of Grayscale’s spot Bitcoin ETF application.
Canada has had a spot BTC ETF for years, but the surge in interest from the U.S. may boost its neighbor’s market and increase competition.
The WEF also noted that AI offers productivity benefits and breakthroughs in fields as diverse as healthcare, education and climate change.
Applications for the spot Bitcoin ETF got full approval from the SEC on Jan. 10 and started trading on Jan. 11.
Need to know everything that’s happening around spot Bitcoin ETF approvals? Here is the latest news on daily trends and events surrounding the anticipated ruling.