Category: jay clayton

SEC Chief Calls for Centralization of Crypto Exchanges, Says “Work with us”

The infamous SEC Chief, Gary Gensler is back at it with more remarks on the need for regulations in the decentralized industry. Chair Gensler remotely spoke at the Digital Asset Compliance and Market Integrity (DACOM) Summit, asserting the need for crypto exchange platforms to get registered with the SEC in lieu of consumer protection. He even […]

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Gensler, Clayton contend that crypto regulatory challenges will abate as the industry consolidates

Gensler, Clayton contend that crypto regulatory challenges will abate as the industry consolidates

Chair of the Securities and Exchange Commission Gary Gensler and former chair Jay Clayton both say they see a productive future for crypto, but only in an “environment of trust.” That path to regulation will become easier as the space centralizes and consolidates, according to the two chairs. The two met for a fireside chat […]

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Inside the Ripple vs. SEC saga: Investigation reveals new details of personal interests at the SEC

An investigation by FOX Business has revealed new tie-ups in the SEC vs. Ripple case, including Gensler’s huge role before he joined the SEC. Andreessen Horowitz has also been identified as one of the key players protecting Ethereum and nudging the SEC on which way to regulate the space. Eleven months ago, almost to the […]

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Ripple CEO Calls Gensler and Clayton’s Meeting Before XRP Lawsuit “Bad Optics,” Here’s Why

The XRP lawsuit seems far from over as the latest happenings in the case indicate a possible extension into the new year as well. What started as SEC’s crackdown on unregistered securities has taken a different turn as the case has progressed and now it seems SEC is the real defendant in the case as […]

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SEC Denies Freedom of Information Act Request Concerning Tether Documents

SEC Denies Freedom of Information Act Request Concerning Tether Documents

On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests and said the responses were “withheld because of […]

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Gary Gensler Could Prove to be More Disastrous For Crypto Than Jay Clayton, Here’s Why

Gary Gensler, the current SEC chief recently gave an interview to Washington Post to talk about cryptocurrencies and regulations. He reiterated his earlier stance on the need for strict investor protection regulations and suggested he is here to clean the crypto market before it “spills.” The security debate has also turned quite controversial given the […]

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Breaking: Bitcoin Custodian Fireblocks Onboards Ex SEC Chief as Advisor

Jay Clayton, former SEC chairman has joined $2 billion Bitcoin custodian Fireblocks as an advisor. This would mark the second crypto endeavor for the former SEC chief as he has already joined One River Asset Management Firm back in March. The One River Asset Management firm had also filed for a carbon-neutral Bitcoin ETF with […]

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SEC Objects to Ripple’s Deposition Subpoena for Former Official, Is Jay Clayton the Former Official?

The US Securities and Exchange Commission (SEC) is planning to file a motion by 24th June to quash the deposition subpoena served by the defendants (Ripple) on a former SEC official. The official schedule for the motion is listed below.   The said motion scheduled to be filed by the SEC comes due to the […]

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As Washington weighs crypto, ethics concerns crop up over ‘revolving door’ industry hires

As Washington weighs crypto, ethics concerns crop up over ‘revolving door’ industry hires

Quick Take New interest in cryptocurrencies and blockchain from U.S. regulators and legislators have opened up the doors to a great deal of new hiring between industry and government. The crypto industry has generally greeted these new hires as a sign of acceptance, which it is, but it also sets new ethical expectations on an […]

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