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The FCC approval of the Paramount-Skydance merger actually finalized on Thursday, and this clears the way for the $8 billion acquisition after more than 250 days of review. The Federal Communications Commission voted 2-1 to approve this major media industry consolidation, which now enables Skydance Media to complete its takeover of Paramount Global within the coming weeks. CBS Faces DEI Ban as Chris McCarthy Exits in $8B Skydance Deal FCC approval breaking news – Source: NBC The Chris McCarthy resignation has become official as the Paramount co-CEO announced his departure following the FCC Paramount Skydance merger completion. McCarthy, who’s been with the company for 22 years, actually exercised change-of-control provisions rather than accept a reduced role under David Ellison’s leadership. The CBS DEI ban represents one of the key merger conditions right now. FCC Chairman Brendan Carr stated that Skydance committed to eliminating all diversity programs at the combine...

SEC Commissioner Hester Peirce said that the Ethereum ETF approval process won’ t be the same as Bitcoin, as the SEC has learned several lessons from the spot Bitcoin ETF saga.  In an interview today with Zack Guzmán, Peirce said that the SEC shouldn’t need to be persuaded by a court to approve crypto-backed ETFs eventually. Peirce mentioned that the regulators will change their approval process for ETH ETF applicants, and they will make regular consumer and market considerations, as it does with all ETF products.  “We shouldn’t need a court to tell us that our approach is arbitrary and capricious in order for us to get it right.” – Hester Peirce, SEC Commissioner NEW: SEC Commissioner Hester Peirce tells me the SEC won't repeat the same mistakes with ETH ETFs after fumbling Bitcoin ETFs: "That's not how we're going to do our approvals … I think that kind of a lesson will certainly stick with us.pic.twitter.com/QNu52Gmr3H — Z...

The Securities and Exchange Commission (SEC) says it’s investigating the compromise of its X (formerly Twitter) account, after an “unidentified person” gained access and posted that it had approved a much-anticipated spot bitcoin ETF. The fake post garnered immediate reaction from crypto enthusiasts, with bitcoin’s price jumping 2.2% immediately after. When the SEC said it was fake minutes later, BTC dropped rapidly by 4.5%. The event resulted in $90 million in long and short positions to be liquidated, CoinDesk reported. The incident prompted an investigation from X, which said it had found that the person responsible had access to the phone number attached to the SEC account. The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products. — Gary Gensler (@GaryGensler) January 9, 2024 “We can confirm that the account @SECGov was compro...

Cathie Wood thinks U.S. Securities and Exchange Commission (SEC) is likely to approve spot Bitcoin (BTC) ETFs in January, 2024. Ark Invest CEO Cathie Wood believes SEC will approve spot Bitcoin ETFs by Jan. 10, 2024. She believes that this date is the deadline not so much for applicants but directly for the regulator itself. “We don’t want the spot Bitcoin ETF to get the green light if there are any uncertainties the SEC may have. We answer the SEC’s queries individually, and the dialogues are very positive.” Cathie Wood, Ark Invest CEO In an interview with CNBC, she also noted that she was very pleased with her partner, 21Shares. She called it a leading provider of cryptocurrency exchange products. Wood also touched on the topic of Bitcoin. According to her, in 2024, the asset will experience a significant increase. She considers it the best means of hedging risks in inflation and economic instability. This is not the first time that Jan. 10, 2024, has appeared in the conte...

Bitcoin ETF excitement is everywhere, but short-timeframe BTC price morale is wearing thin. Bitcoin (BTC) may not see a $40,000 BTC price reclaim despite increasing excitement over a spot exchange-traded fund (ETF). In recent Analysis , crypto market participants have started to reconsider just how bullish the ETF narrative really is for BTC price action. Trader: "Not sure" BTC price will reach $42,000 The dust continues to settle on the U.S. versus Binance regulatory bombshell, which is thought to involve a $4.3 billion fine and the removal of Changpeng Zhao, also known as CZ, as CEO. Bitcoin sank to one-week lows on the news, but a swift rebound took it back to near 18-month highs with the following 24 hours. At the same time, commentators began to suggest that the enforcement action was a timely move to pave the way for the first U.S. Bitcoin spot ETF. Long expected to form a watershed moment for crypto, the approval — while far from guaranteed — is slated to come in ear...

Coinbase chief legal officer Paul Grewal has expressed optimism that the U.S. Securities and Exchange Commission (SEC) will soon approve a Bitcoin exchange-traded fund (ETF). Grewal told CNBC that he is confident in the approval of a U.S. Bitcoin ETF from the SEC “in short order.” Coinbase is 'confident' a U.S. bitcoin ETF will be approved after SEC's court defeat https://t.co/GcxjgiF1G8 — CNBC (@CNBC) October 20, 2023 Grewal’s assertion comes after a big court decision that found the SEC had no grounds to deny asset management firm Grayscale its application to turn its GBTC Bitcoin (BTC)fund into an exchange-traded fund. Additionally, the regulator opted not to appeal the court’s ruling, sparking speculation within the industry that Bitcoin ETF approval s were on the horizon. Despite ongoing legal complications involving Grayscale’s parent company, Digital Currency Group and the Gemini crypto exchange, Grewal remains optimistic about the prospect of addition...

Will Bitcoin ETFs get the green light? Nitin Gaur of State Street believes it’s just a matter of time. Dive into his views on regulation and Bitcoin’s future. Cryptocurrency enthusiasts and finance titans such as Grayscale, BlackRock, Fidelity, and Invesco eagerly await a crucial decision from the US Securities and Exchange Commission (SEC) on a batch of requests for spot Bitcoin ETFs. This decision could have a significant impact on the crypto market. Nitin Gaur, Head of Digital Asset and Technology Design at State Street, shared his views on the likely approval of Bitcoin ETFs, expressing confidence that it will happen. Crypto.news recently had the opportunity to sit down with Nitin Gaur at the SmartCon conference hosted by Chainlink in Barcelona. In this exclusive interview, Gaur delves into the future of Bitcoin ETFs, the current regulatory landscape in the United States, and provides insights into various possible scenarios that could shape the future price of Bitc...

ARK Invest and 21Shares amended spot Bitcoin ETF filing seemingly addresses earlier concerns highlighted by the SEC, which is a good sign of progress, according to Bloomberg's ETF analysts. A recent amendment to ARK Invest and 21Shares’ joint spot Bitcoin (BTC) exchange-traded fund (ETF) application could be seen as a “good sign” of progress and impending approval s. An amended Oct. 11 filing to the Securities and Exchange Commission for approval adds additional information about the proposed spot Bitcoin ETF, including practices for how the fund will custody assets and determine asset values. Bloomberg senior ETF analyst Eric Balchunas said the changes could be in direct response to concerns the SEC has asked ETF issuers to address. “It means ARK got the SEC's comments and has dealt with them all, and now put [the] ball back in [the] SEC's court,” Balchunas said. “[In my opinion] good sign, solid progress.” There's 5 extra pages in new S-1 but the new stuff is spri...