Tag: SEC

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

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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

Trump’s SEC Overhaul Looms — Crypto Advocates Eye Gensler’s Replacement

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

Securities and Exchange Commission (SEC) Seeks to Dismiss Three of Crypto Exchange Kraken’s Defenses in U.S. Lawsuit

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

Gensler #OpenToWork? Who Will Be the Next SEC Chair

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…