Tag: SEC

Gary Gensler Quietly Sets Aggressive Crypto Crackdown in Motion Before Leaving, Warns Former SEC Official

SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes. Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted […] Source CryptoX Portal

Trump’s Pro-Crypto SEC Pick Sparks Bitcoin Rally to $99,240

boss

Bitcoin (BTC) reached a new intraday high of $99,240 per coin today, marking a significant milestone in the cryptocurrency market. Paul Atkins’ SEC Nomination Sends Bitcoin Soaring The bitcoin surge followed President-elect Donald Trump’s announcement of Paul Atkins, a known cryptocurrency advocate, as the next chair of the Securities and Exchange Commission (SEC). Atkins’ appointment […] Original

Donald Trump may tap Paul Atkins as SEC chair

Bitcoin rebounded above $95,500 after President Donald Trump selected Paul Atkins as the new chair of the U.S. Securities and Exchange Commission. President-elect Donald Trump is reportedly set on naming former SEC Commissioner Paul Atkins to replace outgoing chair Gary Gensler at the top of the federal securities watchdog, according to sources with inside knowledge on the matter. Atkins has been a vocal supporter of the crypto industry, and many believe he could stem the scorched earth approach employed by the SEC during chair Gensler’s four years in charge. Ahead…

SEC Expected to Drop Ripple-XRP Lawsuit: Ex-Regulator Foresees Crypto-Friendly Shift

Former CFTC Chair boldly predicts the SEC will drop its Ripple lawsuit, heralding a regulatory shift that could ignite a major rally for XRP. Former CFTC Chair Bets SEC Will Drop Ripple-XRP Lawsuit Under Incoming Crypto-Friendly Admin Former U.S. Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad” for his support of […] Source CryptoX Portal

24 Exchange Enters the US: Gains SEC Approval

boss

24 Exchange, which began by offering FX NDFs, has entered the United States after receiving approval from the Securities and Exchange Commission (SEC) to operate a securities exchange in the country. Filling the Gap in the Market Announced yesterday (Wednesday), the newly approved platform has been named 24X National Exchange. It will enable trading of US securities for 23 hours each workday, supporting extended trading hours. The exchange’s services will be available to retail and institutional customers globally, allowing them to trade US equities through broker-dealers approved as members of…

Bitwise proposed Bitcoin-Ethereum tied ETF to SEC

boss

Bitwise, one of the listed companies that issued Bitcoin spot ETF in January, has proposed the crypto mixed-based ETF to the authorities. According to the S-1 filling document on Nov 26, Bitwise Asset Management proposed the Bitcoin-Ethereum-based spot ETF to the Securities and Exchange Commission (SEC). This proposal came after their product of Bitcoin ETF options was approved for trade and was released last week. As a multi-billion Bitcoin ETF issuer, the company aims to bring balanced exposure and easier access to its customers between the two largest cryptocurrencies by market capitalization.…

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

The SEC’s record-breaking enforcement year revealed unprecedented financial penalties and bold action against high-risk sectors, including crypto and private funds, marking a pivotal moment for market regulation. SEC Achieves Historic $8.2B in Remedies From 583 Enforcement Actions in 2024 The U.S. Securities and Exchange Commission (SEC) announced on Friday a record-breaking year for enforcement in […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Pro-Crypto Shift at SEC Begins as Anti-Crypto Commissioner Steps Down After Gensler Resigns

The SEC’s anti-crypto grip falters as Commissioner Lizárraga and Chair Gensler exit, clearing the path for a pro-crypto revolution in U.S. markets. SEC’s Anti-Crypto Stance Wavers as Another Key Resignation Hits U.S. Securities and Exchange Commission (SEC) Commissioner Jaime Lizárraga has announced his intention to step down from the agency on Jan. 17, 2025. In […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Robinhood’s Dan Gallagher declines potential SEC chair role

Dan Gallagher, Robinhood Markets’ chief legal officer, has withdrawn from consideration to lead the U.S. Securities and Exchange Commission under the incoming Trump administration. Gallagher’s decision to remove himself from consideration marks a major development in the search for Gary Gensler’s successor. Gensler has announced his planned departure for Jan. 20, 2025, concluding a tenure marked by major cryptocurrency industry oversight and enforcement actions. According to Bloomberg, Gallagher wrote in an email: “I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.”…