11 / 14 Relevant items tagged with #GaryGensler

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China to gain most from restrictive US crypto regulations: Coinbase CEO

[May 30, 2023 9:19 PM] The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore.

ETH can be a security and a commodity: Former CFTC commissioner

[May 23, 2023 8:03 PM] Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed.

SEC has no authority over crypto, argues defendants in $18M fraud lawsuit

[May 22, 2023 11:44 PM] Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto.

Should Bored Apes or other NFTs be regulated as securities?

[May 22, 2023 3:41 PM] Bored Apes look a lot like baseball cards. But regulators — particularly at the Securities and Exchange Commission — are making a strained case to the contrary.

SEC chair Gensler claps back at Coinbase, says crypto rules already exist

[May 15, 2023 8:21 PM] Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant.

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

[May 13, 2023 2:30 AM] 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…

U.S. Congressman Brad Sherman Sends Letter To SEC Chair Calling Attention To Grayscale Bitcoin Trust Situation

[May 12, 2023 10:10 AM] U.S. Congressman Brad Sherman has sent a letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), regarding the situation of Grayscale Bitcoin Trust (GBTC).According to Sherman, as many as 850,000 retail investors…

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

[May 11, 2023 8:30 PM] 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.”…

Stop Protecting American Public, Pro-XRP Attorney Tells SEC Chair

[May 9, 2023 1:00 PM] The pro-XRP Attorney and crypto lawyer John Deaton has told SEC Chair Gary Gensler to retreat his regulatory actions. The attorney demands that the commission stop protecting Americans by lashing on crypto companies. The United States has increased…

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

[May 8, 2023 4:30 PM] 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…

The Need for Clarity in Washington – Not Just on Crypto

[May 5, 2023 10:31 AM] The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in…

Crypto Industry Is 'Absolutely' at War Against Gensler, Warren, Blockchain Association CEO Smith Says

[Apr 28, 2023 3:57 PM] The war won't last forever, but probably will continue for the next 18-20 months, Kristin Smith said.

SEC's Gary Gensler takes another swipe at crypto in educational video

[Apr 27, 2023 6:57 PM] The SEC boss reiterated that “the law is clear” on cryptocurrencies being securities, while others highlighted the lack of regulatory clarity in the U.S.

SEC Chairman Gensler Releases Another Video Dig at Crypto Industry

[Apr 27, 2023 11:25 AM] Securities and Exchange Commission Chairman Gary Gensler made an investor-education video arguing a systemic lack of compliance in the digital assets sector.

Why the Politics of Crypto Feels Different This Time

[Apr 26, 2023 9:04 AM] Last week’s testimony by SEC Chair Gary Gensler before the House Financial Services Committee showed that the political divide towards crypto has never been clearer. Noelle Acheson dives into why this matters now.

‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya

[Apr 24, 2023 8:11 PM] Palihapitiya did concede the crypto sector has “pushed more boundaries” than other startup sectors which may have attracted the SEC’s attention.

The Most Intense Consensus Ever Seeks Everyone’s Voice

[Apr 21, 2023 12:56 PM] This year’s CoinDesk Consensus event, which will bring key policy and technical debates to the forefront, is especially important. While the withdrawal of a handful of previously agreed-upon speaking assignments undermines full representation on…

SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm

[Apr 20, 2023 9:44 PM] The venture capital firm pointed out the fundamental differences between crypto assets and securities.

Ethereum Crashing Hours After SEC Head Failed To Clarify ETH’s Security Status

[Apr 19, 2023 11:00 AM] Ethereum prices are free-falling less than 24 hours after Gary Gensler, the chairperson of the United States Securities and Exchange Commission (SEC), was put to task on whether ETH, the native cryptocurrency of Ethereum, was a security or a…

First Mover Americas: Bitcoin Slides Toward $29K

[Apr 19, 2023 6:15 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for April 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’

[Apr 19, 2023 2:30 AM] A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for…

SEC Chair Gensler Declines to Say if Ether Is a Security in Contentious Congressional Hearing

[Apr 19, 2023 2:05 AM] Securities and Exchange Commission Chair Gary Gensler refused to say whether ether, the second-largest cryptocurrency by market cap, was a security during a nearly five-hour hearing Tuesday.

SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

[Apr 18, 2023 11:30 AM] According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news…

Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing

[Apr 18, 2023 7:56 AM] Republicans on the House Financial Services Committee sent a letter criticizing Securities and Exchange Commission Chair Gary Gensler and his repeated entreaties to crypto companies to "come in and register" moments before a congressional hearing…

Video of SEC chair praising Algorand resurfaces after recently deeming it a security

[Apr 18, 2023 12:39 AM] Members of the crypto community have called out the SEC Chairman for “shilling” Algorand.

SEC Commissioner Hester Peirce States Proposed Amendments to Definition of ‘Exchange’ Render Innovation ‘Kaput’

[Apr 17, 2023 4:00 PM] Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to…

SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency

[Apr 17, 2023 9:51 AM] After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for…

Rep. Davidson to introduce legislation to fire SEC boss Gensler for crypto overreach

[Apr 16, 2023 9:07 PM] A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role.

U.S. SEC Poised to Move Toward DeFi Oversight As It Reopens Proposed Regulations

[Apr 14, 2023 8:00 AM] The U.S. Securities and Exchange Commission is considering reopening a rule proposal on how it oversees crypto platforms to more explicitly include decentralized finance (DeFi). Commissioners will vote on the language during an open meeting on…

SEC Advisory Group Backs Gensler’s Crypto Efforts but Asks for Industry Guidance

[Apr 12, 2023 8:22 AM]