Tag: SEC

Crypto Vs. Gensler: 18 States File Lawsuit Against SEC Over Alleged Industry Persecution

boss

For months, the cryptocurrency community has criticized the US Securities and Exchange Commission (SEC) under Chairman, Gary Gensler. Gensler’s aggressive regulatory approach has irked many in the industry, particularly the Ripple executives. Today, critics are taking Gensler to court over what they claim as the agency’s “gross government overreach.” According to Eleanor Terrett of Fox Business, 18 states are already frustrated with Gensler’s management style, affecting the crypto industry. Republican attorney generals, including Kentucky’s Russell Coleman, are leading the lawsuit, arguing that the current SEC chair is bullying the sector.…

Donald Trump Names Former SEC Chair Clayton to DOJ Office, the Same Office That Prosecuted Sam Bankman-Fried

In the week since his reelection, the former and now future president has named a number of individuals he intends to nominate to cabinet and other positions, including Robert F. Kennedy Jr. to the Department of Health and Human Services, Representative Matt Gaetz to be the U.S. Attorney General, Senator Marco Rubio to be Secretary of State and former Representative Tulsi Gabbard to be the Director of National Intelligence. Source

Former SEC Chair Expects Pro-Crypto Shift in Trump Administration

Former SEC chairman predicts Trump’s administration could drive crypto-friendly legislation, easing regulatory constraints and fostering innovation within the digital asset industry. SEC Shake-Up: Could Trump’s Team Transform Crypto Legislation? Ex-SEC Chief Weighs In Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said on Wednesday that cryptocurrency legislation is likely to emerge […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Is Gensler Resigning: SEC Chair’s Cryptic Remarks Ignite Exit Speculation

SEC Chair Gary Gensler’s reflection on his tenure has fueled speculation he may step down before Trump’s administration can move to replace him. ‘It’s Been a Great Honor to Serve…’ U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the agency’s focus on enforcing compliance within cryptocurrency markets on Thursday in a speech at […] Source BitcoincryptoexchangeExchanges CryptoX Portal

18 GOP AGs sue SEC as Gensler hints resignation

Donald Trump’s promise of a U.S. SEC without Gary Gensler may be realized ahead of schedule amid state lawsuits and resignation chatter. Wall Street’s top cop-on-the-beat has been accused of “unconstitutional overreach” and “unfair persecution” of the $3 trillion cryptocurrency industry, according to a lawsuit signed by 18 Republican Attorneys Generals. The lawsuit alleges that the United States Securities and Exchange Commission and its commissioners, led by chair Gary Gensler, overstepped their jurisdiction and disregarded state economic autonomy. JUST IN: 🇺🇸 18 US states are suing the SEC for unconstitutional…

New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down

boss

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

SEC Crypto Litigation Releases – October 2024

The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. […] Source CryptoX Portal

Ripple, XRP Fight With SEC Nears Tipping Point as Key Changes Loom

With SEC Chair Gensler possibly stepping down, Ripple’s high-stakes battle over XRP could see a swift resolution, signaling a shift in crypto regulation strategy. Gensler on the Way Out? Ripple’s Battle With SEC Over XRP Could Reach Resolution Attorney Jeremy Hogan outlined potential developments in the ongoing legal battles between the U.S. Securities and Exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal