SEC says it’s coordinating with FBI to investigate ‘compromised’ ETF tweet
Hours before approving a spot Bitcoin exchange-traded fund for the first time, the SEC said it was investigating the “compromised” tweet released on Jan. 9.
Hours before approving a spot Bitcoin exchange-traded fund for the first time, the SEC said it was investigating the “compromised” tweet released on Jan. 9.
Representative Mike Collins, who disclosed he had purchased up to $45,000 in Ether in 2023, reported up to $65,000 across two ETH buys in 2024.
The Fidelity web app on Jan. 10 showed pages for some of the as yet unapproved spot Bitcoin ETFs.
A Bitcoin user inscribed the text “SEC Chairman on the brink of second ETF approval” into a Bitcoin transaction’s OP_RETURN field.
Full approval from the SEC is still pending, but the exchange approved Bitcoin ETF listings from ARK 21Shares, Invesco Galaxy, Fidelity, VanEck, WisdomTree and Franklin Templeton.
As of Jan. 9, Torrey Young and Marc Mukasey of Mukasey Young LLP said they represented the former FTX CEO.
Taxation-wise, the U.S. may be unprepared for the investor rush in the wake of a spot Bitcoin ETF. There is a new tax law but no guidelines.
CFTC Commissioner Christy Goldsmith Romero said there’s a need to study risks related to digital assets or risk consequences.
Some industry execs like ARK’s Cathie Wood previously predicted that the market is likely to react to ETF approval news by selling in the short term.
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