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Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case […]Powered by WPeMatico
The group’s policy head doubted a divided Congress can create crypto legislation but said it doesn’t give regulators absolute authority in the interim.
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“Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent,” said commissioner Hester Pierce.
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Commodity Futures Trading Commission Kristin Johnson wants to protect customers in a way that reduces the risk of future crises.
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The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority.
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The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto.
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The commissioner said the potential of blockchain and cryptocurrency to change existing markets necessitates a new retail investor protection office similar to that of the SEC.
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The Election Commission of India is collaborating with the Indian Institute of Technology to develop a blockchain system for voting, the Chief Election Commissioner has reportedly revealed. The new system aims to allow Indians to vote even when they are away from their hometowns. Furthermore, the commissioner has proposed to link voter IDs with Aadhaar. […]
The post India’s Election Commission Developing Blockchain System for Voting appeared first on Bitcoin News.
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U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed a grace period of three years for tokens. Project developers would be exempt from the federal securities laws during that time, provided that they meet certain conditions. After that, they must determine whether their token transactions involve the offer or sale of a […]
The post ”Decentralized Networks a Powerful Phenomenon” – Why the SEC Commissioner Proposes Time-Limited Grace Period for Tokens appeared first on Bitcoin News.
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The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read: Swiss Licensed Crypto Bank Expanding Into 9 Markets Bitcoin Futures […]
The post SEC Approves Bitcoin Futures Fund appeared first on Bitcoin News.
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