sec crypto regulation – DIGIT INFO

What comes after spot Ether ETF approvals? Execs weigh in

DIGIT — Mon, 27 May 2024 11:31:09 +0000

Consensys director of global regulatory matters Bill Hughes interpreted the approval as an admission that Ether is a commodity.

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Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

DIGIT — Sat, 12 Aug 2023 00:58:51 +0000

Senator Lummis argued that the SEC is attempting to “circumvent the political process” by establishing itself as the main authority on crypto.

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Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry

DIGIT — Thu, 30 Mar 2023 23:30:47 +0000

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative […]

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Ripple CEO Warns of Harm to Crypto Industry if SEC Wins Lawsuit Over XRP

DIGIT — Mon, 06 Mar 2023 00:30:17 +0000

The CEO of Ripple Labs has warned of the harm to the crypto industry if the U.S. Securities and Exchange Commission (SEC) is able to prevail in its lawsuit against Ripple over xrp. He cautioned that the SEC’s enforcement-centric approach to regulating crypto “is not a healthy way to regulate an industry.” Ripple’s CEO on […]

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SEC Chairman Proposes Amending Federal Custody Rules to Cover ‘All Crypto Assets’

DIGIT — Thu, 16 Feb 2023 01:00:36 +0000

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.” Gary Gensler Proposes Including Crypto in Expanded Custody Rules The […]

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SEC Commissioner Calls for ‘Consistent Legal Framework’ for All Asset Classes, Including Crypto

DIGIT — Sat, 28 Jan 2023 03:30:31 +0000

A commissioner with the U.S. Securities and Exchange Commission (SEC) has called for “a coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-centric approach would take 400 years to go through all the crypto tokens that are allegedly securities. SEC’s Commissioner on Crypto […]

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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 […]

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SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results

DIGIT — Wed, 16 Nov 2022 23:00:55 +0000

The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I continue to be impressed with our Division of Enforcement.” SEC Focused on Enforcement The U.S. Securities […]

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SEC Chair Gensler Insists Most Crypto Tokens Are Securities — Says ‘the Law Is Clear’

DIGIT — Wed, 05 Oct 2022 02:30:51 +0000

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reiterated that most crypto tokens are securities, emphasizing that “the law is clear on this.” However, the Commodity Futures Trading Commission (CFTC) has asked Congress for authority over crypto spot markets and several bills have been introduced in Congress this year to […]

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CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity

DIGIT — Mon, 03 Oct 2022 01:30:15 +0000

The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together to regulate the crypto space, noting that “It’s not a turf […]

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