Bitcoin

When Gensler arrived at the SEC in 2021, he took on just about everything. Rules for stock-market trading, Treasury-security clearing, executive-pay disclosures, private equity, crypto, short-selling, climate-change risks, even AI: nothing seemed off limits. But now, three years later, to Big Finance, the verdict is clear: Gary Gensler overreached.

Robinhood and a few other trading app providers immediately announced support for the newly approved spot bitcoin ETFs. But Vanguard announced this week it would not allow customers to invest in them.

The decision could make bitcoin a major part of more investing portfolios. But after bitcoin, the SEC is likely to move slowly on approving other crypto-tied ETFs.

Before a spot bitcoin ETF is approved, we're going to need to see much more clarity about how applicants draw the line between custody and trading.

Several factors are combining that make it more likely bitcoin and other cryptocurrencies will become mainstream assets in 2024.

A filing for a BlackRock fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state. The only problem is that BlackRock wasn't the one who submitted it.

The Wyoming bank has launched its signature service, amid a legal tug-of-war with the Federal Reserve.

Growing expectations that the U.S. Securities and Exchange Commission will authorize exchange-traded funds that invest directly in the cryptocurrency after a decade of deliberation has fueled a more than 25% rally over the past two weeks.

Crypto lending is still small compared with the leverage bubble that took down large swathes of the sector when it burst in 2022, and executives say they've taken pains to avoid a repeat.

The Securities and Exchange Commission has been ordered by a court to explain its reasons for rejecting an application for a crypto-based exchange-traded fund. It's about time.