America’s largest crypto exchange Coinbase sues the U.S. SEC and the FDIC to obtain documents relating to the agencies’ efforts on crypto regulations. 

Read more on: https://thecryptobasic.com/2024/06/27/coinbase-sues-sec-fdic-over-noncompliance-with-foia-request/
#Coinbase #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

The process of launching the first spot Ether ETHUSD exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
“It’s really about the asset managers making the full disclosure so that those registration statements can go effective,” he said.
“What is in front of us — and it's done at a staff level — is what’s called the registration statements, the disclosure statements,” Gensler added. “Again, these disclosures are really important. They’re important to investors making investment decisions.”
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1’s — the final filings the SEC needs to approve before they go live for trading.
Nothing inconsistent” about securities laws
Analysts have predicted the SEC could approve the funds for trading as soon as next week — the first week of July.
The U.S. crypto industry has raised millions and lobbied to make digital assets an election issue after facing a deluge of enforcement actions from the Gensler-led SEC.
Presidential hopeful Donald Trump said he would end what he called President Joe Biden’s “war on crypto,” and billionaire investor Mark Cuban claimed Gensler could “literally cost Joe Biden the election.”
Gensler said he doesn’t speak on elections when asked about Trump and Cuban’s comments.
“We have a set of rules that are pretty clear. There’s nothing inconsistent about crypto securities and the securities laws,” he added. “Unfortunately, there’s a number of people that are non-compliant with the laws.”
#ETFEthereum #SECCryptoRule #SECETFApproval #ETFNewsUpdate #ETF_ETH

Former SEC official Kristina Littman speculates that the SEC might not appeal the Ripple ruling to potentially avoid setting an unfavorable law at the Second Circuit. 

Read more on: https://thecryptobasic.com/2024/06/20/ex-sec-official-suggests-sec-might-not-appeal-ripple-case/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

Ripple CEO Brad Garlinghouse suggests that President Joe Biden’s administration must demand the resignation of SEC Chair Gary Gensler to demonstrate his seriousness for crypto. 

Read more on: https://thecryptobasic.com/2024/06/01/ripple-ceo-says-biden-must-get-rid-of-sec-chair-gensler-if-hes-serious-about-crypto/
#RippleStablecoin #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

SEC Chair Gary Gensler disapproves of the FIT21 bill set to undergo voting in the U.S. House of Representatives today.

Read more on: https://thecryptobasic.com/2024/05/22/sec-chair-gensler-counters-bill-to-create-regulatory-clarity-in-crypto-industry/
#SECCryptoRule #Crypto #CryptoNewsDaddy #CryptoNewssCommunity #CryptoNews🚀🔥"

Ripple cites Terra’s consent judgment in its new filing in the SEC case to support a request to pay a $10 million fine instead of the SEC’s proposed $2 billion penalty. 

Read more on: https://thecryptobasic.com/2024/06/14/ripple-argues-for-lower-fine-in-sec-case-cites-terra-settlement-in-new-filing/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"

Following the SEC’s latest filing in the Ripple case, XRP community members speculate that the parties could settle this summer.  

Read more on: https://thecryptobasic.com/2024/06/15/sec-new-filing-in-ripple-case-stirs-settlement-debate-in-xrp-community/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

The ASA is suing the SEC for not complying with FOIA, seeking transparency on enforcement actions, and withholding documents related to broker-dealer penalties.

Read more on: https://thecryptobasic.com/2024/06/07/sec-faces-lawsuit-from-asa-over-lack-of-compliance-with-foia-requests/
#SECCryptoRule #Crypto #CryptoNews” #CryptoNewssCommunity

Brad Garlinghouse, the CEO of Ripple Labs, provides a fresh update regarding when U.S. District Judge Analisa Torres will issue a final verdict in the SEC lawsuit. 

Read more on: https://thecryptobasic.com/2024/06/13/ripple-ceo-provides-fresh-update-regarding-final-verdict-in-sec-lawsuit/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V

Stuart Alderoty calls attention to the SEC’s action in the Ripple case, indicating that the regulator appears to have abandoned its request for nearly $2 billion.   

Read more on: https://thecryptobasic.com/2024/06/17/top-ripple-lawyer-says-sec-has-abandoned-its-2b-demand/
#SECCryptoRule #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"

Gary Gensler, chairman of US Securities and Exchange Commission is notoriously known for his stance against crypto, "was" actually a supporter of blockchain. He is a Prof, and did teach about blockchain and money in Massachusetts Institute of Technologyduring 2018-2021. All of his lessons can still be found on Youtube, and it has been attacting millions of views !
Eventhough many accused him of hindering growth of crypto market, Gensler actually promoted its development. Duting his reign as chair of SEC, he has contributed to crypto space:
1. Approved first-time ever Bitcoin ETF, which has been turned down for the past 10 years.
2. Approved first-time ever ETH ETF in the same year.
3. Prosecuted crypto criminals and bring them into justice: FTX with Sam, ...
4. Many crypto bills in Congress are being voted on after years of silence.
He has done great achivements during his work. What do you think about him ? Comment below 👇👇👇
#Write&Earn #GaryGensler #SECCryptoRule
#ETHETFsApproved #discussion

Prominent lawyer Jeremy Hogan clears misconception surrounding the SEC’s latest brief in the Ripple lawsuit, emphasizing that the regulator did not drop its $2B demand to $102M. 

Read more on: https://thecryptobasic.com/2024/06/18/pro-xrp-lawyer-says-sec-did-not-drop-its-2b-demand-to-102m-in-ripple-case/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNews” #CryptoNewssCommunity

The next important date in the SEC v. Ripple lawsuit is May 20, when the parties are expected to file their opposition to the omnibus sealing motions. 

Read more on: https://thecryptobasic.com/2024/05/18/heres-the-next-upcoming-important-date-in-ripple-v-sec-lawsuit/
#RippleUpdateV #SECCryptoRule #Crypto #CryptoNews🚀🔥" #CryptoNewssCommunity