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Strive Asset Management co-founded by Vivek Ramaswamy, a Republican has made headlines in the cryptocurrency industry. Strive has finally filed to launch a ‘Bitcoin Bond’ exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The firm’s bold entry into the Bitcoin ETF space signifies the rising connection between traditional finance and digital assets. Also Read: Shiba Inu Team Confirms the Launch Date of Treat Token Strive’s Entry Into The Bitcoin Bond Market Source: Strive.com According to the filing, the latest ETF will focus on company-issued bonds used to fund Bitcoin investments. It also notes that as part of the EA Series Trust, the ETF emphasizes Bitcoin bonds, which are assets such as swaps, options, and derivatives linked to firms highly focused on the king coin. After it garners a green signal, the ETF’s shares will be listed on the New York Stock Exchange (NYSE) and held by the Depository Trust Company. The fund is intended to fulfill...

The End Of SEC’s Regulation By Enforcement Ripple executive chairman Chris Larsen on September 7 said the SEC’s policy of regulation by enforcement will possibly end as the courts are rejecting the SEC’s unfair approach toward crypto. He also urges the U.S. Congress to act on the SEC and Chair Gary Gensler’s practice to destroy the industry. advertisement “I sincerely hope we’re seeing the beginning of the end of the SEC’s policy of regulation by enforcement. The Courts are rejecting it, and now it’s time for Congress to take the lead on crypto policy.” XRP lawyer Bill Morgan also noted that the SEC is losing badly in the courts but continues to appeal against courts’ rulings. He said the SEC’s approach is “absolutely lamentable.” Judges have called the US SEC’s claims “arbitrary and capricious” in the Grayscale lawsuit and Judge Netburn in the Ripple lawsuit used the ...

Also Read: Gemini Cofounder Slams Gary Gensler: “America Deserves Better” advertisement The amici are Stephen M. Bainbridge from UCLA, Tamar Frankel from Boston University, Sean J. Griffith from Fordham Law School, Lawrence Hamermesh from Widener University, M. Todd Henderson from University of Chicago Law School, and Jonathan R. Macey from Yale Law School. The law scholars have in the filing established a clear history of the definition of investment contracts. Howey Criteria For Investment Contracts The lawyers argued in the filing that with the Howey test, federal cases recognize that “investment contracts” require an expectation in the income, profits, or assets of a business. In conclusion, the law professors stated that the Court should stick with the settled meaning of the term ‘investment contract’ in interpreting it. “An investor must be promised, by virtue of his or her investment, an ongoing contractua...

Also Read: SEC Dodges To Take Position On “Security” Issue In Binance Case advertisement Coinbase CEO On Economic Freedom In U.S Amid facing legal challenges from the U.S. Securities and Exchange Commission , Brian Armstrong, CEO of Coinbase pointed out falling economic conditions in the country. He stated that economic freedom is still a crucial measure to check out any country’s potential growth. However, Coinbase ’s major mission is to grow economic liberty. Armstrong praised Singapore and mentioned that it stands at the top of the 2023 ranking. He highlighted that the country has done an incredible job on the majority of the dimensions included. However, there is still one area left where Singapore can do better, he added. According to a report, the United States is on a major decline in economic freedom ranking in 2023. It now stands at the 25th spot. It added that the biggest reason behind its fall is Congress spending. ...

Also Read: When Will Bitcoin Price Reach Its Peak In 2023?: TimeFrame Prediction By Expert advertisement Considering the regulatory weightage the XRP lawsuit’s premise holds, it is already well established that the Summary Judgement could be extremely important for the Crypto Market ecosystem in the United States . In its lawsuit against Ripple in 2020, the U.S. Securities and Exchange Commission (SEC) claimed that the company sold XRP tokens in an unregistered security offering. Interestingly, several crypto industry companies had in the recent times been dragged into lawsuits over similar charges. When To Expect XRP Lawsuit Summary Judgement In his fresh prediction, Deaton factored in the public release of Hinman speech documents by June 13, 2023. He said Judge Torres could most likely deliver the judgement by the end of September 2023. Speaking in an interview on Friday, the attorney explained that if the judgement is delivered after all t...