SEC
-
Cryptocurrency
Is Gary Gensler Stepping Down? SEC Chair Suggests Departure Amidst Changes in Crypto Regulation
In a significant development during the Practicing Law Institute and the 56th Annual Institute on Securities Regulation in New York, US SEC Chair Gary Gensler suggested a possible departure from the agency. This revelation has sparked discussions among crypto enthusiasts and market analysts alike, given the profound implications for the cryptocurrency regulatory environment. Understanding Gensler’s Stance on Cryptocurrencies Gensler’s tenure at the SEC has been marked by a clear distinction…
Read More » -
Cryptocurrency
Is Gary Gensler Stepping Down? SEC Chair Suggests Departure Amid Changes in Crypto Regulation
Gary Gensler’s Insights on Cryptocurrencies In a noteworthy address at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation in New York, US SEC Chair Gary Gensler hinted at a possible departure from the agency. During his speech on November 14, Gensler shed light on the crypto market, categorizing Bitcoin, Ethereum, and stablecoins as non-securities. He emphasized the status of over 10,000 altcoins, including Ripple’s XRP, as securities according…
Read More » -
Cryptocurrency
Will Richard Farley Be a Boon or Bane for Crypto?
Speculation is rife that Richard Farley, a distinguished Wall Street attorney, might soon be appointed as the Chair of the U.S. Securities and Exchange Commission (SEC) under former President Donald Trump’s administration. This potential shift would see Farley replacing the current Chair, Gary Gensler, who has been notably stringent on cryptocurrency regulations. Farley’s deep-rooted connections within Wall Street make him a controversial yet intriguing candidate. This article delves into whether…
Read More » -
Cryptocurrency
Will Richard Farley Boost or Block Crypto’s Progress?
Speculation is rife that Richard Farley, a prominent Wall Street attorney, might be poised to step into the role of SEC Chair under the Trump administration. If appointed, Farley would succeed Gary Gensler, known for his stringent stance on cryptocurrencies. This potential shift has sparked a wave of reactions, both optimistic and skeptical. Farley’s deep-rooted connections to Wall Street present a unique dynamic, prompting industry observers to question if he…
Read More » -
Cryptocurrency
Could NFTs Be Considered As Securities In The US?
A US court ruling that virtual assets on blockchain systems are securities “would be ludicrous,” according to the chief legal officer of the Blockchain Association. That happened when a federal judge authorized a lawsuit against exclusive NBA Top Shot Moments NFTs. A potential class action lawsuit brought by buyers of Dapper Labs Inc.’s NBA Top Shot Moments NFTs has been contested by the company. Nevertheless, Dapper Labs was mistaken, as US District…
Read More » -
Cryptocurrency
Did SEC Cause Binance to End Relations With its US Partners?
In accordance with a Bloomberg report, cryptocurrency exchange Binance is considering terminating partnerships with its business partners in the United States. Due to the Securities and Exchange (SEC) Commission’s tightening of regulatory standards, the market’s top cryptocurrency exchange is allegedly considering delisting tokens from any businesses situated in the United States. Video content The Atmosphere Of Binance is Tense After the Paxos Incident As the SEC filed a lawsuit against the…
Read More » -
Cryptocurrency
Cardano’s Charles Hoskinson Accuses SEC of Lying
Recently, Charles Hoskinson, the Founder of Cardano’s, commented on Gary Gensler’s address to CNBC regarding cryptocurrencies. Unfortunately for Kraken crypto exchange, they had to shut down their staking operations due to being faced with charges from the SEC and paying a settlement fee of $30 million. “There Is No Way Crypto Exchanges Can Be SEC Registered” The SEC recently disclosed that the exchange hadn’t registered its staking program, which permits…
Read More »
