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July 01, 2022
Commentary by Steven Lofchie

The SEC disapproved rule changes proposed by NYSE Arca, Inc. that would allow the listing and trading of shares of Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust. The SEC concluded that the Exchange had not met its burden in creating a way to prevent manipulation of the underlying asset.

April 27, 2022

SEC Investor Advocate Rick A. Fleming urged NASDAQ and the NYSE to revise their listing standards so that business combinations could only be consummated for SPACs when 50 percent or more of public shares are invested in the SPAC post-combination.