Cryptocurrency Analysis and News Portal
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler told Congress on Tuesday that the SEC has no plans to ban crypto.When asked by Rep. Ted Budd (R-N.C.), a longtime crypto supporter and member of the Congressional Blockchain Caucus, if the SEC had any plans to follow China’s lead in
Read More
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explains that some laws provide “significant investor protections” for exchange-traded funds (ETFs), including those seeking to invest in bitcoin futures. He looks forward to seeing the SEC’s review of such filings. SEC Chairman Looks Forward to Staff’s Review of
Read More
That is happening more and more in crypto. In the Poly Network situation, the hacker may have feared being turned in to financial authorities, which seemed plausible – a point in favor of the regulatory state. But the hacker or hackers may also have been concerned about lasting reputational damage
Read More
Data from ByteTree Asset Management show bitcoin ETFs and funds currently own around 801,000 BTC, amounting to 4.3% of the total supply. “Holdings ballooned from 250,000 in 2019 to 800,000 today and helped drive the bitcoin bull market from $5,000 to $64,0000, before flattening off,” ByteTree Asset Management’s CIO Charlie
Read More
Gensler, a key digital assets regulator, singled out bitcoin ETFs which invest in CME-traded futures contracts and register under the Investments Company Act of 1940. The so-called ‘40 Act “provides significant investor protections,” he said in prepared remarks for a Financial Times conference: “I look forward to staff’s review of
Read More
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
Read More
Pretty much everyone (including Canada’s regulators) agree that bitcoin is not a security. But according to the CSA, the bitcoin that a Coinbase client holds in their Coinbase account isn’t actually bitcoin. It is a contractual right or claim to underlying bitcoin, or as the CSA terms it, a crypto
Read More
Come on, Gary Gensler didn’t threaten the industry. Of course he didn’t, but… maybe he did? If a mafia boss repeated the exact same words, there would be no doubt. And we’re quoting him verbatim. This is exactly what the Securities Exchange Commission’s Chairman told The Washington Post. They had
Read More
“Those platforms should come in, and they should figure out how to register,” Gensler said. “Not many have, and so I do really fear that we’ll keep bringing these enforcement cases but there’s gonna be a problem ... and, frankly, when that happens I think a lot of people are
Read More
Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the
Read More