Gary Gensler

Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation

Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of […]

SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets

Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to […]

US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries

The U.S. House Committee on Financial Services issued a May 19 ultimatum to the Securities and Exchange Commission (SEC) chair Gary Gensler to respond to its inquiries. In a May 9 letter, the lawmakers demanded that the SEC deliver the requested internal non-public documents of its activities, including its charges against bankrupt FTX founder Sam Bankman-Fried, crypto […] The post US house financial committee gives SEC Chair Gensler ultimatum to respond to inquiries appeared first on CryptoSlat

Empower Oversight Sues US SEC Over Selective Enforcement On Crypto

Crypto Market News: Empower Oversight Whistleblowers & Research (EMPOWR), an organization focused on enhancing independent oversight, on Thursday filed a complaint against the US Securities and Exchange Commission (SEC) over alleged selective enforcement on crypto market businesses by top agency officials. The organization filed a complaint in the United States District Court for the District The post Empower Oversight Sues US SEC Over Selective Enforcement On Crypto appeared first on CoinGape.

US House builds consensus toward crypto action, but visions still differ

Lawmakers began to lay out areas of overlapping interest in crafting new rules for crypto and other digital assets, but significant differences in what that should look like remain. The post US House builds consensus toward crypto action, but visions still differ appeared first on The Block.

U.S. House to hold rare joint committee hearing in growing crypto effort

The House Agriculture and Financial Services Committees are going public with their collaboration to craft new guardrails around digital asset markets. The post U.S. House to hold rare joint committee hearing in growing crypto effort appeared first on The Block.

Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months

Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months. “If we win the lawsuit, it’ll be clear what xrp is, but the rest of the industry is still […]

Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory

Cardano (ADA) founder Charles Hoskinson believes the recent anti-crypto moves by the U.S. Securities and Exchange Commission (SEC) take away the legitimacy of the conspiracy theories being propagated regarding the legal tussle between the regulator and Ripple. In a May 8 tweet, Hoskinson noted that the theory popularized by XRP holders that the SEC was […] The post Cardano’s Hoskinson says SEC actions debunk Ripple lawsuit conspiracy theory appeared first on CryptoSlate.

SEC Investor Advisory Committee calls most crypto assets securities, urges ‘aggressive‘ action

The U.S. Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC) has urged SEC Chair Gary Gensler to double down on crypto regulation and described most cryptocurrencies as securities. In an April 6 letter, the IAC said it was pleased with the SEC’s actions on crypto. The IAC further encouraged the regulator to keep asserting […] The post SEC Investor Advisory Committee calls most crypto assets securities, urges ‘aggressive‘ action appeared first on CryptoSlate.

Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities

The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,” urging the regulator to “make crypto asset-related enforcement a top priority.” SEC Urged to ‘Aggressively’ Assert Authority Over […]

SEC Chair Gary Gensler is a ‘bad faith regulator’: U.S. Congressman Tom Emmer

U.S. Congressman Tom Emmer highlighted SEC Chair Gary Gensler’s unfair approach towards crypto regulation. The lawmaker believes that Gensler regulates the crypto industry in bad faith. Tom Emmer, the United States Congressman from Minnesota’s sixth congressional district, appeared in an “Unchained” podcast on 7 April. During the podcast, he shared his thoughts on the current […]

Congressman Tom Emmer says SEC chair Gary Gensler is a 'bad faith regulator'

The crypto-friendly congressman questioned Gary Gensler’s supposed ‘open door policy” suggesting that he “might have an open door, but it is an enter-at-your-own-risk-door.” Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their districts this week an

Doge vs. Bird: Elon Musk Reverts Twitter Logo, Dogecoin Price Loses Its Bite

Dogecoin lost nearly 10% on the daily charts after Elon Musk-led Twitter reverted its home button from the memecoin's Shiba mascot to the company's recognizable blue bird. The post Doge vs. Bird: Elon Musk Reverts Twitter Logo, Dogecoin Price Loses Its Bite appeared first on BeInCrypto.

SEC chair Gary Gensler addresses crypto regulation and consumer protection

The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency markets and consumer protection.

SEC Pushes Hard-Line Anti-Crypto Agenda Under Guise of ‘Investor Education Resources’

The SEC is unrelenting in its war on crypto. The agency’s latest salvo comes in the form of 'free investor education resources.' The post SEC Pushes Hard-Line Anti-Crypto Agenda Under Guise of ‘Investor Education Resources’ appeared first on BeInCrypto.

SEC Pushes Anti-Crypto Agenda Under Guise of ‘Investor Education Resources’

The SEC is unrelenting in its war on crypto. The agency’s latest salvo comes in the form of 'free investor education resources.' The post SEC Pushes Anti-Crypto Agenda Under Guise of ‘Investor Education Resources’ appeared first on BeInCrypto.

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities

Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed. Ripple’s […]

Crypto Chaos On The Horizon, Warns ‘Dr. Doom’ Economist Nouriel Roubini

Crypto is on the brink of collapse, and renowned economist Nouriel Roubini, also known as “Dr. Doom,” is declaring its impending demise.  With a tone of both vindication and warning, Roubini points to the latest development in the U.S. Securities and Exchange Commission’s crackdown on crypto misconduct, championed by none other than its chairman, Gary […]

Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’

Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto regulation, the U.S. government has it “completely upside-down.” ‘A Real Technology […]

Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative […]