U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up…
The cryptocurrency industry might soon be flooded with different kinds of rules to checkmate its operations. The recent developments in the sector point towards a new SEC rule that will guide the security swaps occurring in many financial assets, including crypto. This information came from the SEC Chairman during a speech he gave to the…
18 US states have filed a lawsuit against the Securities and Exchange Commission (SEC) and its Chair, Gary Gensler, alleging regulatory overreach. The suit, filed in the US District Court for the Eastern District of Kentucky, Frankfort Division, accuses the SEC of exceeding its authority and encroaching on states’ rights to regulate digital assets. The…
The United States Securities and Exchange Commission (SEC) has allegedly held up assistance needed in a congressional bill to regulate the crypto markets. This has been considered a potential hurdle if the bill is to pass in Congress. Through multiple sources, the Block found that the SEC has yet to provide sufficient technical assistance for…
The ghosts of crypto regulation past and present collided this week. Former SEC chair Gary Gensler, who left the agency in January when Donald Trump took office, resurfaced to defend his hard-line stance on digital assets — just as the Trump-era SEC leadership dismantles much of his legacy. In a rare CNBC appearance, Gensler made…
18 U.S. states have filed a lawsuit against the Securities and Exchange Commission (SEC), alleging that the agency is overstepping its authority in regulating the cryptocurrency industry. The coalition, led by Kentucky Attorney General Russell Coleman, contends that the SEC’s actions infringe upon states’ rights to oversee their own economic sectors and stifle innovation within…
Rumors are flying. The SEC could approve a Bitcoin Futures ETF before the year ends. It seems like the US Security And Exchange Commission will not give the go-ahead to the mythical Bitcoin ETF just yet… or ever, but a new option has a few companies salivating. What does this mean? And why a Bitcoin…
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC) and a staunch critic of the cryptocurrency industry, announced he will fully step down from the agency on January 20, the day Donald Trump is sworn in as president. Gensler’s resignation includes vacating his position as commissioner, leaving the SEC without its head…
Este artículo también está disponible en español. A major revamp is coming to the SEC. For many reasons, this year’s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to…
The Chairman of the Securities and Exchange Commission (SEC) has called for the crypto space to work with regulators. The Financial Times reported that Chairman Gary Gensler had asked Congress to empower his agency so they will be better able to govern the market. It is still not clear yet which agency has oversight of…