The Latest Breaking News from SEC

One of the possible explanations behind the sudden surge in the value of Bitcoin may be linked to the swelling hype surrounding the imminent approval of some spot Bitcoin ETF proposals of several Wall Street giants, which is anticipated to be announced by the SEC this week.

It was reported last week that the SEC may inform hopeful issuers this Tuesday or Wednesday whether they are cleared to launch their spot Bitcoin ETF.

Bankman-Fried was expected to be prosecuted on six additional charges, including unlawful political campaign contributions, conspiracy to commit bank fraud, substantive securities and commodities fraud, conspiracy to operate an unlicensed money-transmitting business and charges of conspiracy to bribe foreign officials.

This is the second time that Zhao's request to leave the United States has been denied by the court.

Bitwise, one of the aspiring companies in the race, has recently submitted its updated S-1 Form, revealing its planned $200 million seed investment for its spot BTC offering.

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In 2023, crypto industry onlookers were shocked by high-profile arrests and Sam Bankman-Fried’s trial but also given hope by a flurry of spot Bitcoin ETF applications and rebounding prices.

Last week, it was reported that the SEC met with hopeful spot Bitcoin ETF issuers to iron out details of their filings and inform them of a deadline for submitting amended proposals on Dec. 29.