Emboldened Crypto Market Participants Shrug Off SEC's Probe of Ethereum [BNN Bloomberg (Canada)]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: BNN Bloomberg
Exchange Commission's probe of the Ethereum Foundation, the organization that supports the second-biggest cryptocurrency. The unspecified investigation highlights the long-running debate over whether Ether, a token used on the blockchain, is a security. If declared as such, that would make the token commonly referred to as ETH subject to SEC guidelines that many in the industry have bristled against. Even so, Ether has gained about 5% since Tuesday. That's a big change from when the threat of pending action by the SEC would often send the prices of tokens lower. Market observers point to a series of legal setbacks suffered by the SEC over the last year that have undermined Chairman Gary Gensler's enforcement crackdown. Just Monday, a federal judge accused the SEC of “gross abuse of power” in pursuing a crypto company known as DEBT Box. “Securities law risk is table stakes for any company operating in this industry,” said Michael Selig, a partner at the law firm of Willkie Farr &
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BKKT
News
- Crypto platform Bakkt to lay off 28 employees [Seeking Alpha]Seeking Alpha
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 ResultsBusiness Wire
- Bakkt announces 1-for-25 reverse stock split [Seeking Alpha]Seeking Alpha
- Bakkt Announces Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
BKKT
Earnings
- 3/25/24 - Miss
BKKT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/29/24 - Form SC
- BKKT's page on the SEC website