BlackRock files for bitcoin ETF in push into crypto
Written by on June 21, 2023
The sheer volume of the government’s evidence, which is not part of the public court record but would have to be shared with the defense team before trial, underlines the complexity of the case against Bankman-Fried.
In 2020, the mayor made a play to attract tech companies to Florida after the state relaxed its COVID-19 restrictions.
He met with Big Tech players and investors such as PayPal founder Peter Thiel and tech magnate Marcelo Claure, began appearing on national television and was profiled by magazines.
“The fact that BlackRock, a well-respected and established asset management company, has filed for a Bitcoin ETF could be seen as a positive development in the quest for regulatory approval,” said Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion.
Earlier this month, Wall Street’s regulator, the Securities and Exchange Commission, pressed a raft of charges against Binance, the world’s biggest cryptocurrency exchange, and US-based Coinbase.
The evidence includes more than six million pages of emails, Slack messages and other digital records, as well as the handwritten diary of Bankman-Fried’s lieutenant and sometimes-girlfriend, Caroline Ellison, The New York Times reported on Tuesday.
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S.
securities regulator on alleged violations of securities laws.
(Reporting by Manya Saini and 如何注册币安邀请码 Niket Nishant in Bengaluru; Ankur Banerjee and Rae Wee in Singapore; Editing by Devika Syamnath and Pooja Desai)
Plans for BlackRock’s ETF were reported by CoinDesk earlier in the day.
But the blows against Binance and Coinbase hit the industry with an accusation that stung: some crypto currencies are securities that must be traded under strict rules and not an alternative to dollars, yen or euros and outside the reach of regulators.
Elsewhere those hopes and strong Australian jobs data leant support to the Aussie dollar, which was firm at $0.6822, while the New Zealand dollar was on the ropes after data showed the economy shrank into recession this year.
Suarez, who formally entered the race Wednesday and became the third Floridan in the race, pointed to ‘frustration’ in the country about unequal application of justice – without saying flat out that Trump was being mistreated.
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S.
securities regulator on alleged violations of securities laws.
Suarez has been critical of DeSantis, dismissing some of the state laws he has signed on immigration as ‘headline grabbers’ lacking in substance.
He has said immigration is an issue that ‘screams for a national solution’ at a time when many Republicans back hard-line policies.
The world’s largest asset manager will be using Coinbase Custody – an offline storage solution for digital assets – for the ETF, and the crypto exchange’s spot market data for pricing, the report added.
(Reporting by Manya Saini in Bengaluru; Editing by Devika Syamnath)
Earlier this month, the regulator sued major exchanges Coinbase and Binance in high-profile lawsuits that reverberated through the digital assets industry.
He had teased an announcement, noting that he would be making a ‘big speech’ Thursday at the Reagan Library in California. The 45-year-old mayor is the only Hispanic candidate in the race.
He declared his candidacy with the Federal Election Commission.
In March, new charges added to the indictment alleged that Bankman-Fried violated the anti-bribery provisions of the Foreign Corrupt Practices Act by directing the payment of $40million in bribes to a Chinese official or officials to free up $1billion in cryptocurrency that was frozen in early 2021.
Paul Sibenik, lead case manager for CipherBlade, an agency that investigates cybercrimes involving crypto, said Onfo´s business model resembles pyramid schemes, which rely on an ever-growing number of referrals and cannot be sustained.
Grayscale sued the SEC, claiming that the regulator was acting arbitrarily in rejecting applications for spot bitcoin ETFs when it had previously approved bitcoin futures ETFs.
