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SEC Punts Decisions on Franklin Templeton and Global X Spot Bitcoin ETFs

The U.S. Securities and Exchange Commission (SEC) has delayed decisions for both Franklin Templeton and Global X's spot bitcoin ETF applications. Hermine Wong, former SEC special counsel and current principal and founder at herminewong.xyz, discusses the move and what it means for the broader crypto industry. Plus, Wong's reactions to BitGo CEO Mike Belshe recently saying the SEC might reject current applications on the basis that exchanges and custody are not separated.

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BitGo CEO Says More Bitcoin ETF Rejections Are 'Quite Likely'; Tether's Bitcoin Mining Plans

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the reason why BitGo CEO Mike Belshe believes the SEC could reject a series of spot bitcoin ETF applications. Bloomberg reports on Tether's new efforts to become a bitcoin mining giant. And, what a Mastercard executive is saying about mass adoption of central bank digital currencies (CBDCs).

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금융

More Bitcoin ETF Rejections 'Quite Likely,' BitGo's Belshe Says

Belshe says the SEC could reject ETF applications until exchanges and custody separate out.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023 (Shutterstock/CoinDesk)

금융

BitGo and Copper Combine Crypto Custody Settlement Networks

The network effect of BitGo’s cold storage settlement system and Copper’s ClearLoop comprises exchanges like Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex and Bitstamp.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023 (Shutterstock/CoinDesk)

정책

BitGo Granted German Crypto Custody License by BaFin

BitGo had already been storing crypto assets under the regulator's supervision since 2019 as part of a transitional regime, the firm said.

CEO of BitGo Mike Belshe in a chair on-stage at Consensus 2023 (Shutterstock/CoinDesk)

금융

Bitcoin Asset Manager Onramp Unveils Multisig Platform, Adds BitGo to Custodians

With multisig security, several custodians control the private keys to the bitcoin being held. BitGo will perform this role alongside Coincover and Kingdom Trust.

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Investment Manager Methodic Unveils Ether Staking Fund Offering Exposure to ETH Price and Yield

The fund uses the CoinDesk Ether Total Return Index and BitGo will custody and stake the fund's assets.

Digitally rendered Ethereum logo (Unsplash)

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BitGo Buys Crypto Wealth Management Platform HeightZero

Financial details of the deal were not revealed.

Full Shows – Consensus: Distributed

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Ferrari to Start Accepting Crypto Payments in U.S, Europe to Follow

Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customers

Ferrari (NoName_13/Pixabay)

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BitGo, Swan to Form Bitcoin-Only Trust Company

"It's important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin," Swan CEO Cory Klippsten said.

Full Shows – Consensus: Distributed