Bitcoin etf news sec

* The U.S. Securities and Exchange Commission rejected a proposal by Wilshire Phoenix and NYSE Arca to list a bitcoin exchange-traded fund, marking the regulator's latest dismissal of a bitcoin ETF application. The NYSE Arca "has not established that the relevant bitcoin market possesses a resistance to manipulation that is unique beyond that of traditional security or commodity markets such that it is inherently resistant to manipulation," the SEC said.

* Under a settlement agreement, the U.S. Consumer Financial Protection Bureau agreed to conform to data collection requirements meant to protect women and minority-owned and small businesses against discriminatory lending practices. The settlement came in response to a suit filed against the CFPB by Democracy Forward and Hagens Berman Sobol Shapiro LLP on behalf of some small business owners.

* Amid fears of a major coronavirus outbreak in Japan, some of the biggest Wall Street banks, including JPMorgan, Morgan Stanley and Bank of America, are looking to divide staff in their Tokyo offices into groups in order to avoid physical contact between them, sources told the Financial Times.

* Blackstone Group CEO Stephen Schwarzman mulled an investment in Bloomberg LP when Mike Bloomberg said he would sell the company if he is elected president, the former said at a conference in Berlin, Reuters reports. However, he later noted that Blackstone cannot buy Bloomberg since it already owns its competitor Refinitiv.

* U.S. District Judge Phyllis Hamilton dismissed blockchain payment services provider Ripple Labs' bid to throw out a proposed class-action lawsuit against the company over alleged violation of federal securities law by selling unregistered securities, Bloomberg News reports. Hamilton did not agree to Ripple's argument that the suit was not timely since it was filed five years after its virtual currency, XRP, was offered to investors in 2013.

* In the insurance sector, Axis Capital Holdings' Chairman of the Board Michael Butt is set to retire Sept. 16 and will be replaced by Henry Smith, who has served as a board member since May 2004 and as lead independent director since May 2012.

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