Trump has named his transition team co-chair, Cantor Fitzgerald CEO Howard Lutnick, as commerce secretary. Earlier, Lutnick was fiercely jockeying to become treasury secretary, which now looks to be going to Key Square Group founder Scott Bessent, Apollo Global Management CEO Mark Rowan or former Federal Reserve governor Kevin Warsh, who are top contenders. Source
Este artículo también está disponible en español. As Donald Trump prepares to take office for another term, speculation is intensifying regarding the future of crypto regulation, particularly concerning the leadership of the US Securities and Exchange Commission (SEC). Recent social media posts by FOX journalist Eleanor Terret suggest that SEC Chairman Gary Gensler may be on the verge of resigning, possibly before Trump’s inauguration in January 2025. Pro-Crypto Candidates In The Running To Succeed Gensler According to sources close to the situation, Terret says Gensler’s resignation, which would leave his…
In December 2020, the SEC filed a lawsuit against Ripple Labs, accusing the company of conducting an unregistered securities offering by selling XRP, which the SEC classified as a security. In July of last year, a U.S. court ruled that Ripple’s XRP sales to institutional investors qualified as securities transactions. However, it also determined that sales of XRP on public exchanges did not fall under the definition of a security. In October, the SEC appealed against this ruling, seeking further clarification on the legal status of XRP. Source
U.S. President-elect Donald Trump has appointed former SEC Chair Jay Clayton to a key role, drawing attention to his crypto regulatory legacy and enforcement record. Former SEC Chair Steps Into a Role That Could Redefine Legal Power U.S. President-elect Donald Trump has announced the nomination of former U.S. Securities and Exchange Commission (SEC) Chair Jay […] Source BitcoincryptoexchangeExchanges CryptoX Portal
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.…
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 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
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
A group of state attorneys general and the DeFi Education Fund filed a lawsuit against the U.S. Securities and Exchange Commission and its five commissioners alleging the regulatory agency was overstepping its bounds in bringing enforcement actions against crypto exchanges. Source
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…