In today’s edition of the weekly recap: Bitcoin clinches a new all-time high after the U.S. election; crypto ETFs see record inflows; FTX sues crypto.com; and observers speculate who might replace SEC chair Gary Gensler. Bitcoin hits new ATH Aftermath… Original
The American Securities Association is urging SEC Chair Gary Gensler to resign immediately, citing Trump’s election win as a mandate for a new direction focused on investor trust and economic growth. Pressure Mounts on SEC: ASA Calls for Gensler to Resign Immediately Following the results of the 2024 U.S. Election, the American Securities Association (ASA) […] Source CryptoX Portal
Who will lead the SEC after Trump fires Gary Gensler? Crypto advocates hope for a shift toward clarity and innovation over enforcement. Eyes on the SEC: How a Key Power Shift Could Redefine Crypto’s Path Following the U.S. presidential election, speculation is rising about a possible leadership shift at the U.S. Securities and Exchange Commission […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Gensler has been on the forefront of those actions, being openly skeptical of cryptocurrencies. Just last month, he reiterated his views haven’t changed. Speaking at NYU’s School of Law in Manhattan in October, he said: “With all respect, the leading lights of this field in 202[4] are either in jail or awaiting extradition right now.” Source
The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source
Donald Trump has declared his victory in the U.S. presidential election, speaking to supporters in Florida. What will happen to the SEC? Although the official election results have not yet been released, the crypto community is already celebrating Trump’s victory — but not the head of the U.S. Securities and Exchange Commission, Gary Gensler. Gensler has a distinctly negative stance on the crypto market, openly speaking about the dominance of “scammers and fraudsters” in it. Even when the SEC approved the launch of spot Bitcoin ETFs in the U.S., Gensler…
The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Source
Lawyers representing Binance and former CEO Changpeng “CZ” Zhao have made a fresh attempt to dismiss the Securities and Exchange Commission (SEC) lawsuit against them. Source
The U.S. Securities and Exchange Commission has published the application to uplist a Grayscale digital asset fund to an exchange-traded fund in the Federal Register. The SEC’s action signals that the review process for the NYSE Arca filing, which seeks to convert the multi-token Grayscale Digital Large Cap Fund into an ETF, is now underway, according to a Grayscale announcement on Nov. 4. NYSE Arca recently submitted Form 19b-4 to list and trade shares of the Grayscale fund. The SEC’s decision to add the proposal to the Federal Register has…
With a new XRP ETF application from 21shares, pressure mounts on the SEC as investors eye access to XRP exposure amid ongoing regulatory battles. Another XRP ETF Filing Drops, Turning Up Pressure on the SEC 21shares, an asset management firm specializing in digital assets, filed a registration statement for the “21shares Core XRP Trust” with […] Source CryptoX Portal