SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. Go to Source Powered by WPeMatico
Gary Gensler
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Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC
With its latest suit against Binance, the U.S. SEC has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market. Go to Source Powered by WPeMatico
China to gain most from restrictive US crypto regulations: Coinbase CEO
The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore. Go to Source Powered by WPeMatico
ETH can be a security and a commodity: Former CFTC commissioner
Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed. Go to Source Powered by WPeMatico
SEC has no authority over crypto, argues defendants in $18M fraud lawsuit
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit’s dismissal, arguing the regulator has no authority over crypto. Go to Source Powered by WPeMatico
Should Bored Apes or other NFTs be regulated as securities?
Bored Apes look a lot like baseball cards. But regulators — particularly at the Securities and Exchange Commission — are making a strained case to the contrary. Go to Source Powered by WPeMatico
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant. Go to Source Powered by WPeMatico
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of … Read more
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to … Read more
Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months
Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months. “If we win the lawsuit, it’ll be clear what xrp is, but the rest of the industry is still … Read more
