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Behnam made this remark while speaking at the Regulating Financial Innovation event on October 24, where he added that he thinks Gary Gensler, chair of the SEC, thinks otherwise or at least hasn’t certainly declared one or the other.Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam has reaffirmed that Ethereum,
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Speaking at a panel discussion hosted by law firm Lowenstein Sandler in New York on Monday, Behnam said he gets “very irritated when folks start to talk about the CFTC as a more favorable regulator,” adding that his agency’s “greatest accomplishment” was its track record of crypto-related enforcement actions. Source
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The global standard setter for the securities sector has been amping up its work efforts around the crypto space lately. Source
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Behnam has been pursuing a much longer reach for his agency when it comes to crypto, asking Congress to give it power to oversee the spot market for digital commodity tokens. That’s a favored idea in more than one piece of legislation introduced this year, but the bills will likely
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Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.United States Federal Reserve chairman Jerome Powell has given his verdict on the evolution of the DeFi market, claiming there is a definite need for
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“I think it demonstrates the weaknesses and the work that needs to be done around regulation, carefully and thoughtfully, and gives us a little bit of time,” he said. He added that it is central bankers who, as inflation risks began to materialize, may have inadvertently triggered the collapse of
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Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply chains. In fact, after the
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Jesse Powell, the co-founder and CEO of cryptocurrency exchange Kraken, will be stepping down after leading the platform for more than 11 years.According to a Wednesday announcement, Kraken said Powell will be succeeded as CEO by chief operating officer Dave Ripley, who has been with Kraken since 2016. The soon-to-be former
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