The U.S. Securities and Exchange Commission (SEC) is poised for a shift as Commissioner Jaime Lizárraga announced his resignation, following closely on the heels of Chair Gary Gensler’s decision to step down. Lizárraga’s departure, set for January 17, leaves the SEC with a Republican majority as President-elect Donald Trump prepares to take office on January…
The U.S. Securities and Exchange Commission (SEC) faced a legal setback as its controversial broker-dealer rule was overturned by a federal judge. The rule, which broadened the definition of a "broker" to include liquidity providers and automated market makers with over $50 million in capital, was deemed an overreach of the SEC’s authority. U.S. District…
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…
President-elect Donald Trump is reportedly considering Teresa Goody Guillén, a partner at BakerHostetler and co-leader of its blockchain practice, as a candidate for the next chair of the U.S. Securities and Exchange Commission (SEC). Goody Guillén’s extensive experience includes serving as an attorney in the SEC’s Office of the General Counsel from 2009 to 2011…
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…
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…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Gary Gensler just read what sounded like a resignation speech, and we’ve learnt that 18 states are suing the SEC for unconstitutional overreach and unfair persecution of the crypto industry In the wake of President-elect Donald Trump’s victory, speculation has intensified regarding the future of SEC Chair Gary Gensler, particularly concerning his regulatory approach toward…
SEC Commissioner Mark Uyeda plans to assist President-elect Donald Trump in fulfilling his promise to end the Biden administration's aggressive stance on cryptocurrency regulation. With Trump set to take office in January 2025, Uyeda is expected to become the acting chair of the Securities and Exchange Commission (SEC). Uyeda has expressed his intention to pause…