SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

#SECCryptoRule

JD Vance has held Bitcoin for years, criticized Gary Gensler and the SEC, and pushed for pro-crypto policies. In November, he could be a heartbeat away from the presidency.#BTC☀ #ETH_ETFs_Approval_Predictions #SECCryptoRule $BTC
tips will be appreciated 😇😊

SEC crypto ‘overreach’ cost small investors $15B: John Deaton #SECCryptoRule

According to a popular pro-crypto attorney and Senate candidate, the SEC's overreach into the crypto industry has cost retail investors over $15 billion in losses. #BillionaireMindset

According to a prominent pro-crypto attorney and Senate candidate, the Securities and Exchange Commission’s (SEC) excessive intervention in the cryptocurrency industry has resulted in retail investors losing over $15 billion.

The US securities regulator has often been criticized for its enforcement-heavy regulatory regime over the cryptocurrency industry.

The SEC should be held accountable for its actions, as its “gross overreach” cost investors $15 billion, according to John Deaton, lawyer and Republican US Senate candidate.

The pro-XRP lawyer wrote in a Sept. #XRPGoal

“The SEC’s misconduct and gross overreach caused small investors over $15 billion. On behalf of those 75K small investors I represented, we do not accept the SEC’s apology.”

Deaton added that he intends to hold the SEC accountable for its regulatory actions since Senator Elizabeth Warren “won’t do it.”

Deaton’s statement comes two weeks after the pro-XRP lawyer won the nomination for the US Senate in the Massachusetts primary election and is set to face off against Democratic Senator Elizabeth Warren in November. 

SEC no longer views cryptocurrencies as securities: Court filing

In a drastic shift, the SEC is seemingly backing down from its previous stance that cryptocurrencies are securities.

The SEC clarified that cryptocurrencies themselves are not viewed as securities, according to a court filing shared by Coinbase’s chief legal officer, Paul Grewal, in a Sept. 13 X post.
#Xrp🔥🔥
The SEC wrote in its amended complaint against Binance in the court filing:

“The SEC regrets any confusion it may have invited" by falsely and repeatedly stating that tokens themselves are securities. #SecuritiesLaws

The New York State Bar Association (NYSBA) comments on the SEC v. Ripple’s ruling on XRP, highlighting its potential implication on the broader crypto industry. 
The association provided insight into the summary judgment decision of the Ripple ruling in a “House of Delegates Materials” report.

#XRPGoal #SECCryptoRule #Crypto #CryptoNews” #CryptoNewsUSA

SEC approved 👍🛑

#SECCryptoRule

SEC asks issuers to submit final S-1 forms by Wednesday, aiming for a July 23 launch of Ethereum spot ETFs from asset managers such as BlackRock and VanEck.

#EthereumETFApprovalExpectations #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

Ripple vs. SEC Lawsuit Update: Settlement Speculation Grows

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The legal battle between Ripple and the US Securities and Exchange Commission (SEC) may be nearing its end. A closed meeting scheduled for July 25 has sparked speculation about a potential settlement. Ripple CEO Brad Garlinghouse and lawyers suggest a resolution could happen soon, with the SEC lowering its fine demand to $102.6 million. While some predict a settlement as early as this month or before summer's end, others remain cautious, noting the SEC's regular meetings and lack of confirmation. A conclusion to the lawsuit could impact the price of XRP.

#SEC败诉 #SECCryptoRule #Write2Earn! #Bitcoin_Coneference_2024 #Biden_Out_BTC_Up