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U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Crypto Industry Says

However, DeFi protocols “intuitively possess none of the defining hallmarks of stock exchanges,” according to the DeFi Education Fund’s letter. “Beyond DeFi, the commission’s proposal has no logical limit and would sweep third-party and utility service providers who contract with exchange providers into the exchange regulatory regime.” Source

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SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital

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Binance.US hires former SEC enforcement official amid lawsuit: Report

United States-based crypto exchange Binance.US has reportedly hired a former enforcement official from the Securities and Exchange Commission (SEC) as part of the legal team to defend itself against allegations of operating as an unregistered securities exchange.According to a June 12 report from Bloomberg, Binance.US has hired former SEC enforcement

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Lawmakers introduce bill to remove SEC chair — but do they have the authority?

Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.On June 12, Ohio Rep. Warren Davidson introduced the SEC Stabilization Act with

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US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler

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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