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š° US Republican senators Thom Tillis and JD Vance have called for Securities and Exchange Commission (SEC) Chairman Gary Gensler to provide a report to Congress on the X (formerly Twitter) account hacking incident, as reported by Cointelegraph. The deadline for this report is January 15th. The incident involved a fake post claiming that the SEC account was hacked and that the BTC spot ETF was approved. X confirmed the hacking through a preliminary investigation conducted by a third party. šļøš #SEC #Congress #XHackingIncident
š¢ BIG NEWS ALERT
šØ Bill S.4912, proposing that Bitcoin be designated as a #StrategicReserve asset for the US Federal Reserve, has been officially introduced in Congress and referred to the Senate Banking CommitteešØ
#Congress #BTCā
šØ Bill S.4912, proposing that Bitcoin be designated as a #StrategicReserve asset for the US Federal Reserve, has been officially introduced in Congress and referred to the Senate Banking CommitteešØ
#Congress #BTCā
Messari CEO Sends Letter To Congress Outlining Economic And Technical Potential Of Crypto
In a recent tweet, Ryan Selkis, the CEO of Messari, has called for urgent action from Congress on digital assets, citing the economic and technical potential of cryptocurrencies and refuting misinformation. Selkis has sent a letter to a dozen Congressional leaders outlining the need for prudent, effective crypto legislation and calling for the exercise of oversight authority over financial regulators.
The letter is said to be thoroughly documented and Selkis has invited other founders and investors to reach out for more details. He also emphasized the need for a coordinated campaign for crypto, stating that the status quo will harm the US economy and national security.
@azcoinnews
Selkis highlights three core pieces of legislation that are urgently required: stablecoins and banking rules and regulations, hosted exchange and custody registration norms, and token reporting and disclosures rules. He suggests breaking these issues up to focus on the most pressing needs and not to conflate different policy requirements.
Selkis believes that a campaign for crypto requires the coordination of multiple entities and hundreds of leaders, as well as funding. He argues that the industry is under direct attack, and state authorities are flexing their muscles. Selkis suggests that a coordinated effort is required to fight back calmly, intelligently, and effectively.
The CEO of Messari is not alone in his call for more effective crypto legislation. The Infrastructure Bill debacle in 2021 highlighted the urgent need for clear regulations to support the burgeoning digital asset industry. Many other industry leaders have called for more clarity and stability in crypto regulations, and Selkisās letter to Congress represents a significant step forward in this campaign.
The coming weeks and months will be crucial in determining the future direction of the US digital asset industry. The coordination of multiple entities and leaders, as well as funding, will be required to fight back against what Selkis sees as direct attacks on the industry. However, he is optimistic that with a coordinated effort, the industry can win this battle and continue to grow and thrive.
#Messari #RyanSelkis #Congress #azcoinnews #crypto2023
This article was republished from azcoinnews.com
The letter is said to be thoroughly documented and Selkis has invited other founders and investors to reach out for more details. He also emphasized the need for a coordinated campaign for crypto, stating that the status quo will harm the US economy and national security.
@azcoinnews
Selkis highlights three core pieces of legislation that are urgently required: stablecoins and banking rules and regulations, hosted exchange and custody registration norms, and token reporting and disclosures rules. He suggests breaking these issues up to focus on the most pressing needs and not to conflate different policy requirements.
Selkis believes that a campaign for crypto requires the coordination of multiple entities and hundreds of leaders, as well as funding. He argues that the industry is under direct attack, and state authorities are flexing their muscles. Selkis suggests that a coordinated effort is required to fight back calmly, intelligently, and effectively.
The CEO of Messari is not alone in his call for more effective crypto legislation. The Infrastructure Bill debacle in 2021 highlighted the urgent need for clear regulations to support the burgeoning digital asset industry. Many other industry leaders have called for more clarity and stability in crypto regulations, and Selkisās letter to Congress represents a significant step forward in this campaign.
The coming weeks and months will be crucial in determining the future direction of the US digital asset industry. The coordination of multiple entities and leaders, as well as funding, will be required to fight back against what Selkis sees as direct attacks on the industry. However, he is optimistic that with a coordinated effort, the industry can win this battle and continue to grow and thrive.
#Messari #RyanSelkis #Congress #azcoinnews #crypto2023
This article was republished from azcoinnews.com
Congressman Pete Sessions has expressed criticism towards the SEC, accusing the agency of failing to operate as a fair and impartial entity. He suggested that the SEC has not lived up to its responsibilities and questioned its ability to maintain a just environment for investors and businesses.
On the other side, SEC Chairman Gary Gensler responded by firmly defending the agency. He highlighted his pride in the institution and praised the dedication of its employees, emphasizing their adherence to the legal framework.
Gensler asserted that the actions taken by the SEC were fully within the boundaries of the law. He rejected any suggestions of misconduct or unfair treatment, standing by the agency's regulatory decisions and its ongoing commitment to uphold market integrity.
The divide between Congressman Sessions and Chairman Gensler underscores the broader debate surrounding the SEC's role in market oversight, as both sides continue to stand firm in their contrasting viewpoints.
#SECč“„čÆ #Congress #BTCReboundsAfterFOMC #FTXSolanaRedemption #BinanceLaunchpoolHMSTR
On the other side, SEC Chairman Gary Gensler responded by firmly defending the agency. He highlighted his pride in the institution and praised the dedication of its employees, emphasizing their adherence to the legal framework.
Gensler asserted that the actions taken by the SEC were fully within the boundaries of the law. He rejected any suggestions of misconduct or unfair treatment, standing by the agency's regulatory decisions and its ongoing commitment to uphold market integrity.
The divide between Congressman Sessions and Chairman Gensler underscores the broader debate surrounding the SEC's role in market oversight, as both sides continue to stand firm in their contrasting viewpoints.
#SECč“„čÆ #Congress #BTCReboundsAfterFOMC #FTXSolanaRedemption #BinanceLaunchpoolHMSTR