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The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund. Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 tweet, Scott Johnsson, a general partner of Van Buren Capital, explained that law clerks in the United States District Courts generally cycle out in August, pushing judges to clear out the caseload “before the new guard arrives.” He noted that 30 out of 32 cases in March of 2021 and 2022 were heard by United States District Courts within 160 days of oral testimony, which also landed them in August, adding that it has also been 160 days since Grayscale delivered its oral arguments in its suit against the United States Securities and Exchange Commission on March 7. March '21/'22 cases with decision s within 160 days of oral: 30/32 (94%) D...

The governor of Florida wants to defend people’s right to “do Bitcoin.” Florida Governor Ron DeSantis officially entered the United States presidential race on May 24.  During a Twitter broadcast hosted by venture capitalist David Sacks, DeSantis pledged to lead a “Great American Comeback,” provoking accusations of plagiarism from ex-President and fellow 2024 presidential candidate Donald Trump. Among topics like U.S. immigration policy and the supposed prevalence of “critical race theory,” DeSantis gave significant attention to cryptocurrency during his hour-long presentation. He promised to protect “the ability to do things like Bitcoin” and fight the “central planners” at Capitol Hill. Ron DeSantis on #Bitcoin: “I’ll protect the ability to do things like bitcoin. I don’t have an itch to control everything that people may be doing in this space.” pic.twitter.com/j4wRHZACK5 — Jane Adams (@iLoveJaneAdams) May 25, 2023 DeSantis’ stance on crypto has been fairly consistent over...

The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Despite the unprecedented regulatory pressure that crypto has been facing recently in the United States, the fight between the American government and the crypto industry has just started, believes ShapeShift CEO Erik Voorhees.  According to the entrepreneur, U.S. authorities still don’t see crypto as an existential threat to the fiat system, and their recent crackdown is just an opportunistic reaction to last year's blowups of fraudulent crypto companies.  “They see it as sort of this scammy area where they can come in and look like the hero for cleaning up a mess,” Voorhees said in an exclusive interview with Cointelegraph. According to Voorhees, crypto needs to become mainstream before governments move against it fully. At that point, “it will be too late” for Government actors to crack down on crypto sin...

The SEC is recruiting for college traineeships starting at $15.09 an hour, which is less than the minimum wage in Washington D.C. where the regulator is headquartered. College Students wishing to intern for the United States Securities and Exchange Commission (SEC) are in luck — the regulator has opened applications for its Scholars Program for Fall 2023. The SEC is after “student trainees” for its business and legal programs, with the business program paying between $15.09 to $28.83 per hour for the traineeship at its Washington D.C. headquarters. The job opportunity announcements for the Fall 2023 SEC Scholars Program are now live! The announcements will close on Monday, April 3rd. The program targets currently enrolled Students to participate in a paid 10-week internship. For more info ️️https://t.co/q1a7saus9J — U.S. Securities and Exchange Commission (@SECGov) March 16, 2023 The lowest range of the rate posted for the business program is lower than the current Washington D...