Category: Gary Gensler

SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’

SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman Gary Gensler detailed […]

Continue Reading

US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List of Problems With Crypto’ […]

Continue Reading

Senator Toomey demands “transparency and objectivity” in Gensler’s crypto vision

In a recent interview with Squawk Box, Senator Pat Toomey has surprisingly changed his stance and is now supporting the crypto community. Senator Toomey, who was formerly in news for voting in favor of the controversial crypto amendment in the infrastructure bill, is now arguing against Chairman Gensler’s unclear regulatory vision of the crypto industry. […]

Continue Reading

Ripple’s Garlinghouse Criticizes Gensler’s unclear testimony on securities laws

Securities and Exchange Commission (SEC) Chairman, Gary Gensler has received considerable criticism from republicans as well as the crypto community for his Tuesday’s testimony before the Senate Banking Committee. While testifying, Gensler claimed that most digital assets that are allowed to trade on crypto exchange platforms are required to register with the SEC. Gensler argued […]

Continue Reading

Fidelity Pushed the U.S. SEC for a Bitcoin ETF In a Private Meeting

Well, institutional players are using all the muscle to convince the regulators in getting the first Bitcoin exchange-traded fund (ETF) in the U.S. market. As per the latest Bloomberg report, Fidelity Investments pushed the U.S. Securities and Exchange Commission (SEC) to consider a Bitcoin ETF in its recent private meeting with the SEC. President of […]

Continue Reading

Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Custodial crypto lending and staking products ‘take on all the indicia’ of securities, Gensler tells The Block

Securities and Exchange Commission chairman Gary Gensler indicated Tuesday that crypto lending and staking platforms that hold custody of user funds could fall under U.S. securities laws and, as a result, his agency’s oversight. Following a hearing before the Senate Banking Committee, Gensler told The Block that Congress in its 1933 Securities Act and 1934 […]

Continue Reading

Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Elizabeth Warren and Gary Gensler place Coinbase in oversight crosshairs

Last week’s crypto price plunge and subsequent crypto exchange failures illustrate need for SEC to regulate crypto exchanges, says Senator Elizabeth Warren. Gary Gensler, chairman of the Securities and Exchange Commission, appeared before the Senate Banking Committee on Tuesday morning to give testimony on the SEC’s work. Cryptocurrency was a leading subject, which Gensler anticipated […]

Continue Reading

Before Senate, Chair Gensler will argue that many crypto trading platforms need to register with SEC

Before Senate, Chair Gensler will argue that many crypto trading platforms need to register with SEC

Gary Gensler, chairman of the Securities and Exchange Commission, will appear before a Senate committee Tuesday, where he plans to reiterate his belief that many major cryptocurrency exchanges need to register as securities exchanges.  In opening remarks released by the Senate Banking Committee, Gensler says:  “Many platforms have dozens or hundreds of tokens on them. […]

Continue Reading

Can SEC’s Tough Stand on Coinbase Trigger A Crypto Market Sell-off?

A fresh brawl has emerged recently between the regulators and the crypto industry, and this time securities regulator U.S. SEC is planning to sue public-listed crypto firm Coinbase (NASDAQ: COIN). The SEC is planning for an enforcement regulation on Coinbase’s crypto lending business. On Tuesday, September 7, Coinbase CEO Brian Armstrong took to Twitter expressing […]

Continue Reading

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

Sen. Elizabeth Warren says ‘crypto is the new shadow bank’

U.S. Senator Elizabeth Warren (D-MA), a long-standing critic of cryptocurrency, told the New York Times that, in her view, cryptocurrency is “the new shadow bank.” The Times story focused in large part on BlockFi, the venture-backed crypto lending startup that has drawn the attention of numerous state regulators in the U.S. as part of a […]

Continue Reading