The head of the CFTC has reaffirmed opinions on the securities status of major cryptocurrencies, including ether, that outright clash with SEC chief Gary Gensler’s interpretation of securities law. At...
Tag: gary gensler
SEC v. Ripple: Could The XRP Case Go To Trial?
To trial or not to trial. That is the question. Or at least one question for SEC vs. Ripple Labs, one of crypto’s most watched cases that is more than two years old and counting. Which party wil...
Crypto prices whipsaw on Fed Chair Powell’s Congressional testimony
Markets • March 7, 2023, 11:21AM EST Markets sank initially on the release of U.S. Federal Reserve Chair Jerome Powell’s testimony to Congress before rebounding slightly. Bitcoin was tradi...
Crypto derivatives on the CME reach new milestones amid regulatory uncertainty
Bitcoin and ether derivatives trading volumes in dollar terms continued to climb higher in February. Futures and options trading volume for bitcoin rose by about 13%, and ether’s volumes ...
Supreme Court Ruling Backs XRP ‘Fair Notice’ Defense: Ripple
Ripple Labs’ lengthy battle with the SEC is going down the wire. Both sides have been waiting for US District Judge Analisa Torres to rule on whether Ripple’s years-long selling of XRP constitut...
Congress Needs To Act On Crypto But The Senate Is Way Behind
Businessman is holding a bitcoin as part of a business network, Cryptocurrency blockchain … [+] connection, Technology and financial investment background concept. getty On February 8th, the Hou...
Ex-NBA star Paul Pierce settles with SEC over crypto violations
Paul Pierce #34 of the Boston Celtics celebrates after a play against the Los Angeles Lakers in the fourth quarter during Game Five of the 2010 NBA Finals on June 13, 2010 at TD Garden in Boston, Mass...
Gensler opens new regulatory front for crypto firms: custody
SEC Chair Gary Gensler signaled an escalation to his post-FTX crackdown on the crypto industry on Wednesday, saying that digital asset firms are in broad violation of current custodial rules meant to ...
SEC Chair Gensler’s new proposal tightens crypto custody restrictions
Securities and Exchange Commission chairman Gary Gensler on Wednesday proposed sweeping changes to federal regulations that would expand custody rules to include assets like crypto and require compani...
SEC action against Paxos paints regulatory target on stablecoins
Stablecoins look to be the next part of the crypto ecosystem facing a regulatory crackdown. The U.S. Securities and Exchange Commission has issued notice to crypto infrastructure provider Paxos...
Crypto markets wrought ahead of US inflation data as regulatory issues steal focus
Crypto markets were roiled by the SEC last week, and now there’s even more uncertainty after the New York Department of Financial Services ordered Paxos to stop issuing BUSD. Next up is U.S. inf...
Binance’s BNB drops 6% on latest US regulatory moves; bitcoin off lows but still down
Cryptocurrency prices were once again driven lower by regulatory developments, with Paxos and the New York Department of Financial Services going toe to toe and Binance suffering the consequences. &#...
Republican Congressmen Call Out SEC’s Gensler in FTX Records Request
Two Republican congressmen are the latest US politicians to join a growing chorus of those urging the SEC to share details around its correspondence with FTX founder Sam Bankman-Fried and the Justice ...
SEC commissioner breaks with SEC, Gensler on crypto regulation
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty...
A CFTC commissioner’s enthusiasm for crypto draws attention
The courtship between the crypto industry and Washington, D.C. captivated the financial policy world over the past year. As that saga has played out, Caroline Pham emerged as something of a cele...
Coinbase stock jumps 14% after federal securities suit dismissed
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Crypto.com Lays Off More Of It’s Workforce As Crypto Winter Deepens
(AP Photo/Mark J. Terrill) Copyright 2022 The Associated Press. All rights reserved. Key takeaways Digital assets exchange Crypto.com has laid off 20% of its global workforce. The announcement is the ...
SEC charges Genesis and Gemini with selling unregistered securities
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors....
SEC FTT Complaint Is Yet Another Case of Regulation by Enforcement
In yet another enforcement action, bankrupt exchange FTX’s token FTT is a security, the US Securities and Exchange Commission stated in a complaint Wednesday. “FTT was offered and sold as an inv...
Democrats split on Gensler’s crypto approach post-FTX
As Congress weighs the FTX collapse, Democrats appear split on how much more the Securities and Exchange Commission and its chair, Gary Gensler, could have done to stave off what the agency now calls ...
Activist Investors Are Putting Ideology Before Shareholder Value
Gas-fired power plant (AP Photo/Michael Sohn, File) Copyright 2022 The Associated Press. All rights reserved Under the leadership of Gary Gensler, the Securities and Exchange Commission (SEC) is empow...
Gensler ‘Singularly Responsible’ for Failing To Expose FTX Fraud, Rep. Says
A member of the House Committee on Financial Services is calling for the Government Accountability Office, known as Congress’ investigation arm, to look into the SEC and its “failure to protect the in...
House committee weighing subpoena for Sam Bankman-Fried
Senior members of the House Financial Services Committee are weighing a subpoena to compel embattled former FTX CEO Sam Bankman-Fried to testify, though little time remains to enforce one during this ...
Crypto prices pare initial gains after Fed minutes show a slow down ‘soon’
Crypto prices rose and quickly came back down upon the release of the minutes showing that the Fed is going to “slow” down its hikes. The Federal Open Market Committee (FOMC) — which decid...
SEC wins suit against LBRY in major blow to crypto token issuance
The Securities and Exchange Commission has prevailed in a courtroom battle with decentralized publishing platform LBRY after arguing that its token was subject to regulatory oversight. The court...
Don’t expect crypto tech to be a ‘free pass’ from regulation
“We’re gonna have to adapt, there’s no doubt about it. This is not a very in-the-box moment,” says Rostin Behnam, who chairs the Commodity Futures Trading Commission. Behnam was speaking at DC Fintech...
Why AI Can’t Be Fooled By Kim Kardashian’s Crypto Blunder
Getty Images for ULTA Beauty / KKW Beauty Key takeaways The SEC slapped $1.26 million in fines on Kim Kardashian for violating anti-touting regulations Kardashian agreed to pay a $1 million fine and d...
Proof of security? Gensler eyes proof of stake after The Merge
Ethereum’s successful shift from proof of work to proof of stake was a public relations win for the cryptocurrency thanks to dramatically shrinking the network’s energy consumption. But the most infl...
Boeing Will Pay $200 Million After SEC Says It Misled Investors About 737 MAX Crashes
Topline Boeing agreed Thursday to pay $200 million to settle Securities and Exchange Commission charges that it misled investors after two deadly 737 MAX crashes killed 346 people and brought its flee...