Category: SEC

Just-In: Gary Gensler Sworn in as New SEC Chair, Will SEC Drop Ripple Case?

Gary Gensler has been sworn in as the new Chairman of the United States Securities and Exchange Commission (SEC), following his nomination by President Joe Biden and his subsequent confirmation by the Senate on April 14, 2021. Gensler, who succeeds former Chairman, Jay Clayton will lead the SEC for 5 years through 2026. Gary Gensler […]

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MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities […]

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US Senate confirms Gary Gensler as Joe Biden’s SEC chairman

The U.S. Senate has officially confirmed Gary Gensler as chairman of the Securities and Exchange Commission (SEC). The final tally was 53-45, falling largely along party lines. Opposition to Gensler’s candidacy was limited throughout earlier proceedings; Republicans had made comments of concern for the US capital markets as part of general objections of the Biden […]

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At New All-Time High of $64,450, Bitcoin (BTC) Is Bigger Than Britain’s Sterling Pound

In an indomitable market rally, the Bitcoin (BTC) price has shot another 6% today hitting its new all-time high of $64,450 levels. With this, Bitcoin’s market cap touched $1.2 trillion thereby making it even bigger than Britain’s Sterling Pound (GBP). At $64,000, #Bitcoin becomes the 6th largest currency in the world and overtakes the British […]

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SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet — Government Would Be ‘Foolish’ to Try

SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-traded fund (ETF) this year. Governments Would Be Foolish to Try to Ban Bitcoin U.S. Securities and Exchange Commission (SEC) Commissioner Hester […]

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SEC commissioner Hester Peirce unveils updated version of ‘safe harbor’ proposal for crypto tokens

Hester Peirce, the crypto-friendly commissioner at the Securities and Exchange Commission (SEC), has formally unveiled an updated version of her proposed regulatory safe harbor for token sales. In a public statement, Peirce said that the proposal “seeks to provide network developers with a three-year grace period within which, under certain conditions, they can facilitate participation […]

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Ripple execs file motion to dismiss securities lawsuit as SEC case falls apart

Ripple CEO Brad Garlinghouse and chairman Chris Larsen have filed motions requesting a California judge to dismiss the SEC’s lawsuit. This comes after the two recorded yet another victory against the regulator after a judge granted their request to keep their financial records private. Ripple‘s top executives have filed a motion to dismiss in their […]

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After failed token sale and $1B bond offering, Telegram is reportedly eyeing an IPO

Encrypted messaging app Telegram is reportedly looking to go public.  Citing unnamed sources involved in the process, Russian news outlet Vedomosti broke the news on April 11. The timing is notable, given that at the end of March, Telegram’s founder and CEO Pavel Durov announced via his Telegram channel that the firm had sold $1 […]

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