U.S. Congressman Tom Emmer said in a tweet that he had received reports that the SEC chairman Gary Gensler was allegedly helping Sam Bankman-Fried and FTX “work on legal loopholes to obtain a regulatory monopoly.” Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work on…
SEC Chairman Gary Gensler addressed the ongoing market crisis caused by the FTX fallout during an interview on CNBC’s Squawk Box. Gensler, who has been pushing for increased regulation and targeting various crypto companies for fraud in the U.S., said the space needed better regulation and better enforcement. He explained that U.S. laws are clear…
The U.S. SEC’s enforcement staff are reportedly unhappy with Chairman Gary Gensler over his “publicity stunt” concerning the recent settlement fine paid by Kim Kardashian, Fox Business Network’s Charles Gasparino reported on Oct. 5. SCOOP (1/3): @SEC_Enforcement staffers are complaining @GaryGensler violated protocol by hyping @KimKardashian settlement, appearing on @CNBC within minutes of the case…
Less than 24 hours after Ethereum (ETH) completed its transition to proof-of-stake, the crypto community is enmeshed in arguments about whether the asset can now be considered a security or not. SEC chairman statement The Wall Street Journal reported that US Securities and Exchange Commission (SEC) chairman Gary Gensler said cryptocurrencies that allow staking could…
The Chairman of the SEC said he would support Congress handing more power to the CFTC to regulate cryptocurrencies. Speaking at an industry conference on Thursday, Gary Gensler said he was looking forward to giving the Commodity Futures Trading Commission greater authority over the crypto market “as long as it doesn’t take away power from…
The Securities and Exchange Commission (SEC) is investigating whether Coinbase allowed Americans to trade unregistered security assets, Bloomberg News reported on July 26. The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform. Coinbase now lists over 150 cryptocurrencies; after keeping the number of…
US lawmaker Tom Emmer has accused the Security and Exchange Commission (SEC) of “cracking down on companies outside its jurisdiction.” 🚨The SEC Director of Enforcement admits the SEC is cracking down on companies outside its jurisdiction. Absolutely unacceptable. pic.twitter.com/wRQU54Ov6v — Tom Emmer (@RepTomEmmer) July 19, 2022 In a subcommittee hearing on Investor Protection held on…
The Securities and Exchange Commission (SEC) chairman Gary Gensler said the commission might tailor securities laws for crypto companies to comply. In an interview with Yahoo Finance on July 14, Gensler said the commission has “exemptive authorities” to tailor its investor protection and disclosure laws. Gensler continued that several crypto companies have been non-compliant in…
Pro-crypto commissioner of the Securities and Exchange Commission (SEC) Hester Peirce, popularly known as crypto mom, said there might be some developments towards stablecoin regulation soon, according to a Reuters report. Pierce commented on the development at an online debate organized by the London-based Official Monetary and Financial Institutions Forum (OMFIF) policy think tank. Stablecoin…
On November 12th, the United States’ Security and Exchange Commission (SEC) has again rejected VanEck’s Bitcoin spot ETF application citing a number of reasons including the need to protect investors from the volatile nature of the flagship digital asset. SEC rejects VanEck again Crypto enthusiasts had hoped that the leading financial regulator was going to…