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United States Congressman Warren Davidson has introduced the "SEC Stabilization Act" into the House of Representatives, announced June 12. One of the bill's main provisions is to fire Securities and Exchange Commission (SEC) chair Gary Gensler. Davidson said in a statement:"U.S. capital markets must be protected from a tyrannical Chairman, including
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From earlier, seemingly crypto-supportive stances to his current hardline approach, Gary Gensler’s journey traverses his dynamic narratives, confrontations with crypto giants, and the rumors that abound, offering a unique perspective. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of
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U.S. law doesn’t let appointed regulators trump elected officials. But the SEC head may be doing exactly that. Source
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“Some additional utility does not remove a crypto asset security from the definition of an investment contract,” Gensler said, though he added that tokens built for exclusive use in their blockchain ecosystems can be exempted from such accusations. “The investing public generally buys these crypto assets, at least in part,
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“Mr. Gensler should have been recused from any consideration in this matter based on this history and the prospect that Mr. Gensler may be a material fact witness,” Binance’s counsel wrote. “To date, the Staff has never confirmed whether Mr. Gensler has recused himself, and if he has not, the
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SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports. In documents filed by the SEC on June 7, attorneys from Gibson & Dunn and Latham & Watkins allege that Gensler offered to serve as an
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The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds. Speaking to Bloomberg on June 6, the U.S. Securities and Exchange Commission chair Gary Gensler, pointed to FTX’s alleged fraud and manipulation regarding
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied SEC chair Gary Gensler, in a recent interview on CNBC, raised alarm over the alleged non-compliance of leading cryptocurrency exchanges, Binance and Coinbase, with U.S. securities laws. In a recent appearance on CNBC’s Squawk Box, Securities and
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The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place. In a May 15 keynote speech at the Financial Markets Conference,
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The ultimatum highlights the growing pressure on the SEC to take a more transparent approach to its regulatory activities. The US House Committee on Financial Services has given the Securities and Exchange Commission (SEC) Chair, Gary Gensler, an ultimatum to respond to its requests. The committee is asking for access to internal
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