sec chairman – DIGIT INFO

SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets

DIGIT — Fri, 12 May 2023 03:30:10 +0000

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 […]

Go to Source

US Lawmaker Introducing Legislation to Remove SEC Chairman Due to ‘Long Series of Abuses’

DIGIT — Wed, 19 Apr 2023 08:30:16 +0000

A U.S. lawmaker has announced that he is introducing legislation to remove the Securities and Exchange Commission (SEC) chairman in order to “correct a long series of abuses.” The SEC, under Chair Gary Gensler, has been heavily criticized for its enforcement-centric approach to regulating the crypto industry. Lawmaker Seeks to Remove SEC’s Chairman U.S. Congressman […]

Go to Source

Biden vows to hold those responsible for SVB, Signature collapse

DIGIT — Mon, 13 Mar 2023 05:45:15 +0000

US President Joe Biden on Twitter said he is “firmly committed” to holding those responsible for the Silicon Valley Bank and Signature Bank collapse “fully accountable.”

Go to Source

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers

DIGIT — Thu, 09 Feb 2023 17:30:04 +0000

Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over […]

Go to Source

Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure

DIGIT — Sat, 31 Dec 2022 17:00:11 +0000

According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTX’s collapse. He believes that future cryptocurrency bull runs probably won’t happen. However, Moss says that bitcoin will continue to see demand as it is “solving a problem that has plagued humanity from Day […]

Go to Source

SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries

DIGIT — Mon, 19 Dec 2022 05:00:04 +0000

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) has recommended that regulatory agencies continue to “enforce existing rules and regulations applicable to the crypto-asset ecosystem.” SEC […]

Go to Source

US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse

DIGIT — Tue, 13 Dec 2022 15:00:21 +0000

According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house of cards on a foundation of deception.” U.S. SEC Contends Former […]

Go to Source

Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes

DIGIT — Mon, 14 Nov 2022 03:00:52 +0000

The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange FTX and former CEO Sam Bankman-Fried several times before the crypto firm filed for bankruptcy. SEC Chairman Gary Gensler was rumored to be helping FTX with legal loopholes. However, a new report indicates a contradicting viewpoint. Gensler’s Meeting With Sam Bankman-Fried and FTX […]

Go to Source

SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’

DIGIT — Sat, 12 Nov 2022 01:30:01 +0000

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal loopholes to obtain a regulatory monopoly. SEC Chair Gensler on […]

Go to Source

SEC Chair Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday — Says Let’s Make Sure Crypto Investors Get Proper Protection

DIGIT — Tue, 01 Nov 2022 00:30:46 +0000

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s […]

Go to Source