U.S. Securities Laws May Apply to Token Sales

SECUnited States Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organizations as the U.S. Securities and Exchange Commission (SEC) stated today in a press release that the offering and sale of digital tokens “are subject to the requirements of the federal securities laws”. Continue reading

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Rothschild Invest in Bitcoin

United States Securities and Exchange Commission (SEC) filing has revealed that GBTCRothschild Investment Corporation has diversified into cryptocurrencies and purchased Bitcoin via the GBTC (Bitcoin Investment Trust) investment vehicle.

The Rothschild Investment Corporation now owns $210,000 worth of GBTC. Continue reading

SEC Rejects Winklevoss Brothers’ Bitcoin ETF

ETF

The U.S. Securities and Exchange Commission has just rejected the request for regulatory amendment that would have made possible the creation of the first Bitcoin ETF: “… the Commission disagrees with the proposed amendment of the rules because it considers that the proposal is not in conformity [ To the Exchange Act, which requires, among other things, that the rules of a national stock exchange must be designed to prevent fraudulent practices and manipulations and to protect investors and the public interest. Continue reading