Crypto community responds to Kraken lawsuit, Deaton slams ‘dishonorable’ Gensler
The crypto space has been making its feelings known about the latest blow from regulators in the United States, a lawsuit filed by the Securities and Exchange Commission (SEC) against crypto exchange Kraken. The lawsuit was filed on Nov. 20 based on the SEC's allegations that Kra ...
SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report
The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law. SEC Chair Gary Gensler’s comments were made in response to reports that Tom Farley, a former president ...
Rep. Tom Emmer proposes to defund SEC’s crusade against crypto
Pro-crypto Congressman Tom Emmer is advancing an amendment aimed at depriving the United States securities regulator from using government funds to go after crypto enforcement.On Nov. 8, Emmer attached an amendment to HR 4664 — the Financial Services and General Government Appropriat ...
US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1
A United States lawmaker wants to strip the Securities and Exchange Commission chair Gary Gensler of his salary by paying him just $1 per year.In a proposed amendment to the Financial Services and General Government (FSGG), Rep. Tim Burchett suggested that Gensler’s salary be brought ...
Ethereum futures premium hits 1-year high — Will ETH price follow?
Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin (BTC ...
Bitcoin ETFs may be headed for one epic Gensler ‘rugpull,’ say analysts
There’s a slim chance the United States Securities and Exchange chief Gary Gensler could pull the plug on spot Bitcoin (BTC) exchange-traded funds in one “amazingly sadistic” move, according to Bloomberg ETF analysts. In an Oct. 31 tweet directed at senior Bloomberg ...
SEC chair Gary Gensler warns impending AI-wrought financial crisis ‘nearly unavoidable’
United States Securities and Exchange Commission chair Gary Gensler has reportedly stated that, without some form of intervention, a financial crisis stemming from the widespread use of artificial intelligence was “nearly unavoidable.” The chair’s comments came during an interview wit ...
U.S. Congressman Tom Emmer Takes On SEC Chair Gensler Over Cryptocurrency Regulation
Tom Emmer, the Majority Whip of the U.S. House of Representatives and a vocal critic of the Securities Exchange Commission (SEC) regarding its handling of cryptocurrency, has once again taken aim at the SEC's actions. Emmer's recent move is a significant amendment that spotlights what he sees as ove ...
Crypto may see second wind in the US as courts ‘rein in the SEC’ — Lawyer
There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.On Aug. 31, Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S ...
SEC Chairman Gary Gensler Highlights Risks and Transformative Potential of AI in Capital Markets
Gary Gensler sees artificial intelligence as a transformative technology on par with the internet. However, he, according to the chairman of the SEC, carries certain risks, including for capital markets. In this regard, the regulator, ...
This scenario could see Gensler replaced by SEC’s Crypto Mom: Former SEC official
The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief pred ...
SEC adopts cyberattack disclosure rules, listed crypto firms included
Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.The rules from the United States Securities and Exc ...
SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit
The U.S. Securities and Exchange Commission has suggested that it may appeal a recent ruling on the Ripple Labs lawsuit, which deemed XRP to not be a security when sold to retail investors. The SEC argues that the ruling goes against “fundamental securities laws principles” suc ...
US law protects institutions and exposes retail investors — Rep. Torres
On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling mak ...
XRP ruling a ‘watershed moment’ but we’re not out of the woods yet — Lawyers
Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry.In a landmark ruling on July 13, Ju ...
Cryptocurrency versus the SEC: A fight for fair digital investing
Bitcoin, Coinbase, Binance and more are all fighting for their lives as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and replace it with one it deems more “fair” to the Amer ...
AI-generated fake news sparks rumors of Gary Gensler’s resignation
False rumors have again been spreading over the resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler — this time, however, artificial intelligence has seemingly played a part.On July 1, a news story appeared on a website dubbed “thecryptoaler ...
The SEC is targeting Coinbase, Binance as proxies in its war on crypto
Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a heft ...
Gary Gensler is hurting the little guys for Wall Street
Even the most stalwart crypto supporters could see why the Securities and Exchange Commission might target the crypto industry for some enforcement. Events of the past year — from the failure of Three Arrows Capital to the fraud at FTX — were bound to bring some scrutiny, and the indust ...
The Hinman docs: Implications for XRP, SEC credibility and more
The Hinman documents were finally unsealed and made publicly available on June 12 after a lengthy back and forth between Ripple and the United States Securities and Exchange Commission (SEC), but what exactly do they reveal?The documents are extensive, and while they can be found in public ...
Crypto industry ‘destined’ to be BTC-focused due to regulators: Michael Saylor
Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor.In a June 13 Bloomberg interview, the Bitcoin bull explained recent e ...
SEC and Binance seek compromise on US assets freeze
The United States Securities and Exchange Commission (SEC) and BAM Trading (Binance’s U.S. arm) recently filed a request for a consent order that would ease some of the restrictions from a previous SEC request to freeze the company’s assets. The proposed new consent order would offer ...
SEC’s Gensler says BTC, ETH ‘not securities’ in a newly surfaced video
A newly surfaced video featuring Gary Gensler from 2018 has made the rounds on social media, showing the now-chair of the United States securities regulator agastating that multiple cryptocurrencies are “not securities.”On June 12 multiple Twitter accounts shared the ...
Breaking: US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler
United States Congressman Warren Davidson has introduced the "SEC Stabilization Act" into the House of Representatives, announced on June 12. One of the bill's main provisions is to fire Securities and Exchange Commission (SEC) chair Gary Gensler. Davidson said in a statement: ...
‘Near impossible to know’ what is and isn’t a security: Mark Cuban on SEC
Billionaire investor Mark Cuban has become one of the latest industry figures to call out the United States securities regulator for purportedly failing to provide cryptocurrency firms with a clear registration process.The Shark Tank investor claimed in a June 11 tweet that no registration ...
Jurisdictional Uncertainty: SEC and CFTC Debate Ether’s Regulatory Classification
Ether would then fall under the jurisdiction of both the SEC and the U.S. Commodity Futures Trading Commission (CFTC). There is currently no certainty about ETH. CFTC representatives have repeatedly referred to ether as a commodity and stated that it is their agency that should regulate this cryp ...
Green United Founders Seek Dismissal of SEC Lawsuit, Deny Fraud Allegations
The founders of Green United LLC filed a motion to dismiss the SEC lawsuit accusing them of fraudulent activity. The regulator sued Green United, a green mining company, in March, alleging that its founders, Wright Thurston and Kristoffer Krohn, were promising investors too ...
Forbes Author Claims SEC’s Legal Battle Against Ripple is a Tough Challenge
Forbes magazine's crypto-asset author suggested that the Securities and Exchange Commission has "bitten off more than it can swallow" in its legal campaign against Ripple. Sam Lyman thinks it's becoming increasingly clear to the bodies of litigation that the new SEC admin ...
SEC Chairman Gensler Highlights Compliance Issues in the Cryptocurrency Market
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that rules for token issuers and cryptocurrency exchanges already exist, but they are fundamentally unwilling to comply. While speaking at a Federal Reserve Bank of Atlanta conference, Gary Gensler was ...
Coinbase CEO Criticizes SEC for Overly Strict Crypto Regulation
The CEO of U.S. cryptocurrency exchange Coinbase criticized the Securities and Exchange Commission (SEC) for its overly strict approach to regulating the crypto industry. Brian Armstrong said in an interview that Congress and other federal agencies are trying to bring clari ...
US SEC Chairman Gary Gensler Calls for Cryptocurrency Platforms to Register as Investment Contracts
In a recent statement, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), emphasized that cryptocurrencies should be classified as investment contracts and hence, platforms offering them must register accordingly. Gensler tweeted that any platform offering investment c ...
BitBoy Crypto to Appear on Trump Jr.’s Show to Discuss Crypto Industry Issues
BitBoy Crypto, a prominent cryptocurrency YouTuber who goes by a pseudonym, has announced that he will be a guest on the Rumble show hosted by Donald Trump Jr. in the coming week. During the podcast, he plans to discuss the ongoing legal battle between Ripple and the US Securities and Exchange Co ...
SEC Chairman Gensler Says Most Crypto Assets Are Not Securities
Gensler told his students this during a course at MIT The current chairman of the SEC categorized three-quarters of the crypto-asset market as commodities and fiat In 2018, Professor Gary Gensler taught a course for MIT students called "Blockchain and Money". ...
Former SEC Chairman Jay Clayton: Courts Ineffective for Determining Crypto Asset Securities
In a recent interview with CNBC, Jay Clayton, the former Chairman of the US Securities and Exchange Commission (SEC), argued that the courts are not an appropriate forum to determine whether crypto assets should be considered securities or not. He noted that any security today may not be consider ...
SEC Chairman Raises Concerns Over Cryptocurrency Promotion and Potential Ethereum Regulation
U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has voiced his concerns over the promotion of cryptocurrencies, indicating that Ethereum may be subjected to enhanced regulatory oversight. In a recent interview with TheBlock, Gensler emphasized that the primary objective of t ...
SEC Commissioner Esther Pierce Disagrees with Chairman Gensler’s Regulatory Policy
SEC Commissioner Esther Pierce recently expressed her opposition to the regulatory policies being implemented by SEC Chairman Gary Gensler in statements posted on the agency's website. Pierce has been critical of Gensler's handling of the SEC, stating that the agency is stifling innovation and pr ...
US Congressman Announces Bill to Remove SEC Chairman and Change Decision-Making Process
Warren Davidson, a member of the US House Financial Services Committee, has made headlines by announcing his intention to propose a bill that would change the way decisions are made at the SEC. Specifically, he wants to eliminate the position of chairman and replace it with an executive director ...
SEC Chairman States No Plans for New Crypto Asset Rules: Gary Gensler
In a recent interview, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, clarified that the agency has no plans to introduce new rules for evaluating cryptocurrencies. Gensler emphasized that, aside from Bitcoin, the SEC considers all other crypto assets to be securit ...
Congressman Criticizes SEC Chairman for Hindering Crypto Industry Growth
The US Securities and Exchange Commission (SEC) has come under fire from Congressman Tom Emmer for its handling of the cryptocurrency industry. Speaking to journalist Laura Shin on the Unchained podcast, Emmer accused SEC Chairman Gary Gensler of creating an environment of regulatory uncertainty ...
New York University Professor Believes Ethereum Could Be Classified as a Security by SEC
According to a New York University professor, the crypto industry could be on the brink of significant changes due to the potential recognition of the second largest cryptocurrency by market capitalization as a security by the US Securities and Exchange Commission (SEC). Nouriel Roubini shares SE ...
SEC Chairman Says No Need for Additional Cryptocurrency Legislation
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler recently addressed concerns about the need for additional legislation regarding cryptocurrencies. According to Gensler, the existing securities laws already cover much of the activity that occurs in cryptocurrency markets. He ...
SEC Chairman Gensler calls for $2.4B to Prosecute Unregistered Crypto Companies
Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), has urged the government to provide the agency with $2.4 billion in funding to help tackle the rise of unregistered crypto companies. Addressing the House Financial Services Subcommittee, Gensler explained that the all ...
SEC Chairman Gary Gensler Considers PoS-based Cryptocurrencies as Securities
SEC Chairman Gary Gensler recently emphasized the need for regulation of cryptocurrencies utilizing the Proof-of-Stake (PoS) consensus method, arguing that they should be treated as securities. During a public SEC meeting, Gensler pointed out that PoS-based crypto assets are often promoted on soc ...
SEC Chairman’s Statement on Cryptocurrencies Sparks Debate in Crypto Community
In a recent speech, Gary Gensler, the chairman of the US Securities and Exchange Commission, stated that all cryptocurrencies, with the exception of the historical first, should be classified as securities. This has caused a divide within the cryptocurrency community, with some bitcoin maximalists a ...
US SEC Chairman Gary Gensler Says All Cryptocurrencies Except Bitcoin Are Securities
US Securities and Exchange Commission (SEC) Chairman Gary Gensler recently discussed the regulation of the cryptocurrency industry in an interview with New York Magazine. According to Gensler, all cryptocurrencies except Bitcoin are considered securities and fall within the SEC's jurisdiction. He ...
Former NBA Player Fined $1.4 Million for Mishandling EMAX Tokens on Social Media
Paul Pierce, a former NBA player, has pleaded guilty and agreed to pay a hefty fine of $1.4 million for allegedly mishandling EMAX tokens on social media, according to the US Securities and Exchange Commission (SEC). The SEC accused Pierce of promoting EthereumMax (EMAX) tokens on Twitter without ...