Ripple Can Depose Former SEC Official in Lawsuit: Report
A U.S. judge ordered William H. Hinman, the former chief of the commission's corporate finance division, to sit for questioning.
The fund manager filed a proposal with the SEC to list the Global X Bitcoin Trust on the Cboe BZX Exchange.
The agency said the pair raised over $12 million from investors by promising above-average returns.
The fund cannot be traded throughout the day as an ETF or stock can, but it signals a positive move towards the SEC’s view of bitcoin.
Lawyers for Brad Garlinghouse and Christian Larsen highlighted the commissioners’ criticism of an unrelated settlement that cited uncertainty about which tokens are considered securities.
Aron Govil of Jacksonville is also being charged with scalping and insider trading in a related case.