SEC Chair Gensler plugs changes to exchange definition that worries crypto

Gary Gensler reminded a conference on Treasury bonds about a proposed rule change that would impact DeFi, too.

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Mark Cuban says he wants Gary Genslers job as head of the SEC

The crypto-friendly billionaire appears to be throwing his full support behind US presidential candidate Kamala Harris.

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Crypto Leader Reveals Why the Upcoming SEC Congressional Hearing is Different and Pivotal

The upcoming Congressional hearings involving the SEC have triggered interest across Capitol Hill and the crypto industry.  These hearings, set…

The post Crypto Leader Reveals Why the Upcoming SEC Congressional Hearing is Different and Pivotal first appeared on The Crypto Basic.

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SEC Genslers crypto crackdown under scrutiny as he testifies before Congress

US Securities and Exchange Commission (SEC) Chairman Gary Gensler will testify twice this week before Congress. Gensler will appear before the House Financial Services Committee on Sept. 24 and was scheduled to meet the Senate Banking Committee on Sept. 25, but the second hearing has now been postponed. Eleanor Terrett from Fox Business said, “Capitol […]

The post SEC Genslers crypto crackdown under scrutiny as he testifies before Congress appeared first on CryptoSlate.

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Gary Genslers Crypto Warning: 90 Years of Rules Apply

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), issued a stern warning to crypto exchanges. He emphasized that they must follow the rules set in place. His comments came during an interview with CNBC on Wednesday, where Gensler made clear that protecting the public from bad actors remains a top priority. This […]

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US lawmaker accuses SEC of enforcement abuse against crypto firms

House of Representatives members brought up FTX, Donald Trumps token launch, and SEC Chair Gary Gensler at the Dazed and Confused digital assets hearing.

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FOIA request reveals emails and voicemails threatening Gary Gensler

Though there was seemingly no evidence connecting them to his crypto policies, Gary Gensler has been subject to violent threats from individuals since at least 2022.

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Will the Harris-Walz presidential campaign prioritize crypto policy?

With the US election in November and polls showing Harris in a dead heat with Donald Trump in battleground states, Democratic voices in the crypto industry are speaking up.

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Crypto advocates file brief against SEC's investor tracking database

The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.

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Emmer Warns of Economic Disaster if Harris Picks Gensler or Warren for Treasury

The premise that presidential candidate Kamala Harris could pick an anti-crypto Treasury Secretary if elected is looming.

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Messari CEO declares independence, wages regulatory war on illegitimate SEC

Messari, a leading US-based crypto market intelligence platform, has declared independence from the Securities and Exchange Commission (SEC), citing the regulator’s stringent approach to the emerging industry. On July 7, Ryan Selkis, Messari CEO, stated: “I’ve declared independence from the SEC and its corrupt Chair Gary Gensler. In the months ahead, Messari will be operationalizing […]

The post Messari CEO declares independence, wages regulatory war on ‘illegitimate’ SEC appeared first on CryptoSlate.

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Coinbase demands Genslers private emails in SEC battle over crypto rules

Coinbase has criticized the US Securities and Exchange Commission’s (SEC) effort to block “reasonable discovery” from Chair Gary Gensler in their ongoing legal battle. Last month, the exchange requested the SEC Chairman to produce certain communications, including emails, reflecting his views on digital assets from 2017 to the present. The SEC challenged this move, citing […]

The post Coinbase demands Gensler’s private emails in SEC battle over crypto rules appeared first on CryptoSlate.

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XRP Analyst Thinks The Coin Is Ready To Skyrocket By 21,000% To Over $150

XRP is one of the top performers, looking at the performance over the last three weeks. After sinking below $0.40 in early July, the coin has rebounded sharply, adding 60%. As the coin outperforms leading altcoins like Solana and Ethereum, for example, there could be more room for growth. Is XRP Ready For $150? Analyst Thinks So From the daily chart, XRP is trending above key reaction levels. Notably, the close above $0.55 (now key support) reversed losses posted in mid-April. Additionally, the confirmation of recent gains and the close above $0.62 earlier today could spur demand, extending gains toward $0.74 and eventually $1. Related Reading: Analyst Says ETH Price Will Struggle As Spot Ethereum ETFs Expectations Crash As optimism reigns, one analyst on X thinks the coin is preparing for sharp gains in the coming weeks and months. Sharing a price chart, the analyst said XRP is breaking out from the local resistance and the multi-year resistance trend line. From his analysis, the trader said XRP just broke from a “massive, 2,351 days resisting trend.” The breakout from the bull flag anchored at the swing high, when prices rose to all-time highs of over $3.20, and the swing low, $0.16, when the coin plunged to $0.16 in 2021, is crucial. In the analyst’s estimation, XRP is now preparing for more gains that could propel the coin to $150 for an over “21,000% climb” from spot rates. Settlement Of United States Versus SEC Case Crucial It remains to be seen how prices will behave going forward. However, one of the key drivers of demand in the coming days and weeks will be the outcome of the ongoing case pitting Ripple and the United States Securities and Exchange Commission (SEC). Despite the partial win in July 2023, the regulator wants Ripple to pay a huge penalty of $2 billion. However, things are evolving fast, with Ripple lawyers defending that XRP is not an unregistered security as the regulator alleged. The United States SEC is being accused of regulation by enforcement, forcing crypto innovation elsewhere.   During the last Bitcoin conference, former President Donald Trump said if he took over, his administration would fire Gary Gensler, the current head of the Commission. Trump said his plan would be to make America the leader in crypto and even establish a BTC reserve. Related Reading: Render Continues To Flash Red In All Timeframes Whats Going On? Brad Garlinghouse, the CEO of Ripple, has been critical of the United States SEC. After the agency requested the court to retract their classification of some altcoins, including ADA and SOL, as unregistered securities, Garlinghouse claimed the agency has been acting to fulfill a “political agenda and/or acting on bad faith” against crypto players. Feature image from DALLE, chart from TradingView

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Trump Pledges To Fire Gary Gensler On Day One And Establish Strategic U.S. Bitcoin Reserve If Reelected

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Trump pledges to fire SEC Chair Gary Gensler on day one if reelected

The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.

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The SEC's war against Ethereum and Consensys isnt over

Gary Gensler will be forced out as SEC chairman if Trump is elected but he could remain as a commissioner to continue his anti-crypto crusade.

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SEC Commissioner Mark Uyeda calls agencys approach to crypto filings problematic

Tucked away in a footnote as part of a recent statement, the SEC commissioner said his agencys current approach to crypto does not aid capital formation or protect investors.

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Whistleblowers asked the SEC to investigate OpenAI over alleged illegal NDAs

The complainants called the matter "urgent," but it remains unclear if the SEC will open an investigation.

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Judge has strong views about Coinbase inquiry into Genslers private msgs

Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Genslers private communications on crypto were fair game.

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SEC Chair Warns Crypto Exchanges: Actions Speak Louder than Disclosures

US Securities and Exchange Commission (SEC) Chairman GaryGensler delivered a cautionary message to cryptocurrency exchanges,underscoring that merely providing disclosures to investors does not immunizethem from regulatory scrutiny.

Crypto Disclosure Gaps and Regulatory Concerns

Speaking in an interview with CNBC yesterday (Wednesday),Gensler stressed the inadequacy of disclosures alone, especially if cryptoexchanges are involved in activities like market manipulation or disseminationof misleading information affecting investment decisions.

He highlighted the prevalent absence of disclosures fromnumerous crypto firms, operating in a manner that would not meet the standardsexpected in traditional financial markets. The SEC has intensified its enforcement efforts in thedigital assets realm, particularly following the collapse of cryptocurrencyexchange FTX in late 2022.

The agency is actively pursuing legal actions against someof the major players in the US crypto market, including an ongoing case againstCoinbase, the largest exchange in the country by daily trading volume.

News Flash - 5 Jun 2024 !1 @SECGov Chair @GaryGensler Asserts Disclosures Alone Insufficient to Protect #Crypto Exchanges #SEC Chair Gary Gensler stated in a #CNBC interview that crypto exchanges providing disclosures are still subject to enforcement actions by the agency. pic.twitter.com/SD4quYVrM7

Balanced Approach on Crypto ETFs

Gensler adopted a nuanced approach when discussing thepotential for crypto exchange-traded funds (ETFs), citing examples like thoseinvolving the Solana memecoin BONK.

The year is 2024 Jim Cramer is asking Gary Gensler if we should have a BONK ETF on CNBCthis is real life pic.twitter.com/5zyCzDZwAq

This moderated stance aligns with the SEC's recent greenlight on spot Ethereum ETFs, a decision that surprised many given previousconsiderations of Ethereum as an unregistered security. The SEC's approval of Ethereum ETFs has spurred discussionson the agency's openness to considering other altcoin spot ETFs.

Observers speculate that political dynamics, including theinfluence of the crypto lobby and the impending 2024 election, may havecontributed to the SEC's evolving position.

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