Cryptocurrency Analysis and News Portal
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry. SEC Chair Says Crypto Will Not End Well
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Federal Reserve Chairman Jerome Powell called the development of a U.S. central bank digital currency (CBDC) “critical work,” telling Senate Banking Committee ranking member Sen. Pat Toomey (R-Pa.) that “broad consultation and, ultimately, authorizing legislation from Congress” would be “ideal.”A two-and-a-half hour committee hearing intended to discuss the CARES Act
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United St Securities and Commission, or SEC, chair Gary Gensler has doubled down on his “Wild West” analogy for cryptocurrencies, calling stablecoins instruments for gambling at old-timey casinos. Speaking to Washington Post columnist David Ignatius on Tuesday, Gensler said most projects in the crypto space dealt with securities that fall under
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Unnamed sources familiar with the matter indicate the Biden administration may allow Federal Reserve chairman Jerome Powell to continue as the central bank’s lead. The news follows three U.S. representatives asking Biden to replace Powell with a central bank leader that addresses equality and climate change. Jerome Powell to Stay for
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Gary Gensler, chair of the United States Securities and Exchange Commission, is once again urging crypto projects with securities to register with the regulatory body to ensure that investors are protected.In a prepared statement for his testimony at the Senate Committee on Banking, Housing, and Urban Affairs scheduled for Sept.
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Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Taxation, Definition of Digital Currency Discussing upcoming changes in the legislation regarding digital
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All the recent money creation from the Federal Reserve wasn’t enough, according to a few American bureaucrats, as three politicians from the House Financial Services Committee are urging U.S. president Biden to replace Fed chairman Jerome Powell with someone who will address “climate risk.” AOC, Tlaib, Pressley: ‘Climate Change Is a
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Crypto assets will not last long outside of a public policy framework because “finance is about trust,” warns Gary Gensler, the chair of the United States Securities and Exchange Commission.Speaking to The Financial Times, Gensler stressed the need for a regulatory framework for crypto platforms for their own survival. He
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Seung-beom Koh, a nominee for chairman of South Korea’s Financial Service Commission (FSC), does not regard cryptocurrencies as a financial asset. In a press meeting with local journalists, Seung-beom said that fintech experts from prominent organizations such as the G20, the International Monetary Fund and others “find it difficult to see
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Jay Clayton, the former chair of the United States Securities and Exchange Commission, has accepted an advisory role with blockchain infrastructure provider Fireblocks — marking a significant addition to a company that only recently achieved unicorn status. In joining Fireblocks’ advisory board, Clayton acknowledged that he shares the company’s view that
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