Author: Mike Dalton

Burkett Financial Services, a South Carolina-based financial planner, disclosed investments in two Bitcoin exchange-traded funds (ETFs) on April 1. Burkett’s latest Form 13F filing indicates it holds 602 shares of BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF. The firm’s holdings are valued at $24,363…

A Wyoming court has ruled against Caitlin Long’s Custodia Bank by determining that the lender is not entitled to a Federal Reserve master account. In a summary judgment on March 29, Judge Scott W. Skavdahl found that Custodia Bank has no statutory entitlement to a master account and will not be granted a writ of

A group of Republican lawmakers, including the chairmen of the House Financial Services Committee and House Committee on Agriculture, has formally requested SEC Chair Gary Gensler to provide clear guidance on the regulatory stance regarding the custody of non-security digital assets by Special Purpose Broker-Dealers (SPBD…

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have revealed that the SEC is seeking a staggering $2 billion in fines and penalties. According to the company’s executives, the fines have been proposed in a court filing that will be unsealed on March 26. ‘Unhinged’ SEC Garlinghouse said the SEC is seeking heavy penalties despite

Members of the Solana community and the crypto ecosystem denounced the recent surge in inflammatory memecoins on March 22. Unknown parties recently took advantage of Solana’s token creation feature to introduce thousands of memecoins with racist and antisemitic terminology in their names, some tokens also contained anti-China descriptions and other broadly offensive material…