Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957285?e&#61;1701907200&amp;v&#61;beta&amp;t&#61;h7DaPC8tTxyum39mPoHjebmIcKVbj-wY0UQzc8ec904" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>8,776 followers</p><p>August 31, 2023</p><p>The DC Circuit Court of Appeals overturns the SEC&#39;s rejection of Grayscale&#39;s BTC ETF, prompting a review of the application, while lawmakers support this decision and call for comprehensive crypto regulations. Meanwhile, Genesis Global Holdco announces a potential resolution in its bankruptcy case with Digital Currency Group. In another significant move, the SEC takes action against Impact Theory for unregistered NFT offerings.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for the BSV Blockchain Association, featuring:</p><ul><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a></li><li>Grayscale Investments</li><li>House Financial Services Committee Chair Patrick McHenry</li><li>SEC Chair Gary Gensler</li><li>Rep. <a href="https://www.linkedin.com/in/gotowd/" rel="noopener noreferrer nofollow">Warren Davidson</a></li><li><a href="https://www.linkedin.com/company/genesis-global-technology/" rel="noopener noreferrer nofollow">Genesis Global Holdco</a></li><li><a href="https://www.linkedin.com/company/digital-currency-group/" rel="noopener noreferrer nofollow">Digital Currency Group</a></li><li><a href="https://www.linkedin.com/company/impact-theory/" rel="noopener noreferrer nofollow">Impact Theory</a>, LLC</li><li>US District Judge Georgette Castner</li><li>Riot Blockchain Inc.</li><li>Oversight and Investigations Subcommittee Chair <a href="https://www.linkedin.com/company/representative-bill-huizenga/" rel="noopener noreferrer nofollow">Bill Huizenga</a></li><li>Sen. Cynthia Lummis</li><li><a href="https://www.linkedin.com/company/us-treasury/" rel="noopener noreferrer nofollow">Treasury Department</a></li></ul><h3 id="dc-circuit-court-reverses-sec-rejection-of-grayscale-39-s-btc-etf-demanding-review">DC Circuit Court Reverses SEC Rejection of Grayscale&#39;s BTC ETF, Demanding Review</h3><p>The DC Circuit Court of Appeals overturned the SEC’s rejection of Grayscale Investments’ BTC exchange-traded fund (ETF). The decision vacates the SEC’s previous rejection order, meaning the agency will have to take another look at the application in light of the DC Circuit’s analysis.</p><h3 id="lawmakers-rally-behind-dc-circuit-39-s-ruling-on-grayscale-etf-call-for-regulatory-framework">Lawmakers Rally Behind DC Circuit&#39;s Ruling on Grayscale ETF, Call for Regulatory Framework</h3><p>House Financial Services Committee Chair Patrick McHenry (R-NC) tweeted in support of the DC Circuit’s decision, stating that “SEC Chair Gary Gensler’s crusade against the digital asset ecosystem is falling apart under scrutiny from the courts.” He also called for a comprehensive regulatory framework.</p><p>Rep. Warren Davidson (R-OH) also tweeted about the Grayscale ruling, stating that the case provides “More evidence that Gary Gensler’s actions at the SEC are arbitrary and capricious,” and reiterating previous calls to have Chair Gensler fired.</p><h3 id="genesis-global-holdco-nears-resolution-in-bankruptcy-case-with-digital-currency-group">Genesis Global Holdco Nears Resolution in Bankruptcy Case with Digital Currency Group</h3><p>In a notice filed with a Manhattan bankruptcy court, Genesis Global Holdco stated that it has reached an agreement in principle with its parent company, Digital Currency Group, and its creditor committee to resolve the company’s bankruptcy case.</p><h3 id="sec-charges-impact-theory-over-unregistered-nft-offering-marking-landmark-enforcement">SEC Charges Impact Theory Over Unregistered NFT Offering, Marking Landmark Enforcement</h3><p>The SEC charged Los Angeles-based media company Impact Theory, LLC with violating US securities laws over the unregistered offering of NFTs—a first-of-its-kind enforcement action from the agency.</p><h3 id="lawmakers-criticize-fed-39-s-stablecoin-oversight-in-letter-to-chair-jerome-powell">Lawmakers Criticize Fed&#39;s Stablecoin Oversight in Letter to Chair Jerome Powell</h3><p>House Financial Services Chair Patrick McHenry (R-NC), Digital Assets Subcommittee Chair French Hill (R-AR), and Oversight and Investigations Subcommittee Chair Bill Huizenga (R-MI) wrote a letter to Federal Reserve Chair Jerome Powell about the Fed’s recent efforts to oversee stablecoins. The lawmakers argue that the Fed’s actions “are being taken to subvert progress made by Congress to establish a payment stablecoin regulatory regime.”</p><h3 id="sen-cynthia-lummis-supports-treasury-39-s-crypto-tax-rule-with-reservations">Sen. Cynthia Lummis Supports Treasury&#39;s Crypto Tax Rule with Reservations</h3><p>Sen. Cynthia Lummis (R-WY) tweeted about the Treasury Department’s proposed rule regarding tax reporting requirements for crypto brokers. She voiced support for Treasury’s decision to issues the rule, but expressed “concerns about the rule’s potential impact on decentralized crypto asset exchanges and its treatment of US dollar-backed stablecoins.”</p><h3 id="investor-suit-against-riot-blockchain-dismissed-by-us-district-judge">Investor Suit Against Riot Blockchain Dismissed by US District Judge</h3><p>US District Judge Georgette Castner tossed an investor suit against Riot Blockchain Inc. accusing the company and its executives of misleading investors and orchestrating a pump-and-dump scheme. Judge Castner determined that the investors’ latest complaint does not sufficiently allege fraud or loss causation.</p>

DC Circuit Court Reverses SEC Rejection of BTC ETF

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