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Winklevoss Claims Gensler Is "Evil" and Says Apology Won't Fix Damage
Among those who have spoken out against Gensler and have demanded the resignation of the SEC head is Winklevoss. According to the co-founder of Gemini, Gensler has done tremendous, permanent harm to the cryptocurrency market.
He calls Gary Gensler "evil" and demands that Gensler never be given another opportunity to be influential. Winklevoss also states that any company employing Gensler is betraying the cryptocurrency business.
His next move is an impassioned plea for his followers to stop doing business with Gensler's prospective employers. A just few days before to his tweet, Winklevoss was sued for constitutional overreach by eighteen US states.
Is Gary Gensler Going to Bow Out?
Since 2021, Gary Gensler has been as head of the agency, and he has two more years left on his tenure. However, with Donald Trump's re-election, speculation regarding his resignation and replacement started to circulate. The industry is abuzz with speculation that Gensler would make his departure announcement either before Thanksgiving or before Trump's inauguration in January.
James Murphy of Ripple Lab has spoken out about his speculation on Gensler's potential departure. He elaborates by saying that the departure of a chairperson in advance of the takeover by a new president has happened on occasion. The 2020 resignation of Jay Clayton and the 2016 departure of Mary Jo White were used by Murphy to back up his claims.
#Sec #XRPPriceAction #NextMarketMoves #Gensler $XRP
Among those who have spoken out against Gensler and have demanded the resignation of the SEC head is Winklevoss. According to the co-founder of Gemini, Gensler has done tremendous, permanent harm to the cryptocurrency market.
He calls Gary Gensler "evil" and demands that Gensler never be given another opportunity to be influential. Winklevoss also states that any company employing Gensler is betraying the cryptocurrency business.
His next move is an impassioned plea for his followers to stop doing business with Gensler's prospective employers. A just few days before to his tweet, Winklevoss was sued for constitutional overreach by eighteen US states.
Is Gary Gensler Going to Bow Out?
Since 2021, Gary Gensler has been as head of the agency, and he has two more years left on his tenure. However, with Donald Trump's re-election, speculation regarding his resignation and replacement started to circulate. The industry is abuzz with speculation that Gensler would make his departure announcement either before Thanksgiving or before Trump's inauguration in January.
James Murphy of Ripple Lab has spoken out about his speculation on Gensler's potential departure. He elaborates by saying that the departure of a chairperson in advance of the takeover by a new president has happened on occasion. The 2020 resignation of Jay Clayton and the 2016 departure of Mary Jo White were used by Murphy to back up his claims.
#Sec #XRPPriceAction #NextMarketMoves #Gensler $XRP
Trump’s Election Fuels Debate Over Gensler’s Early Departure, Who Will Lead the SEC?
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Speculation grows about Gary Gensler stepping down early, sparking debate on the future of SEC leadership and crypto oversight.
Dan Gallagher’s potential SEC chair appointment faces mixed reactions, with crypto advocates wary of his ties to traditional banking.Paul Atkins and Brad Bondi, both pro-crypto, could lead the SEC, signaling a shift toward lighter regulation under Trump.
Gary Gensler, who is currently the head of the SEC, may resign earlier than anticipated, perhaps before his 2026 term is out according to Eleanor Terrett, a Fox Business reporter. He may announce his resignation after Thanksgiving, according to sources, and depart by January.
Talk over who will succeed him has been sparked by this, particularly in light of Donald Trump’s election victory. Many are asking who will be the next head of the SEC, and there is increasing conjecture about how Trump may alter bitcoin regulations now that he is in office.
— Eleanor Terrett (@EleanorTerrett) November 15, 2024
🚨While @realDonaldTrump’s pick for @SECGov chair remains unknown, it looks increasingly likely that @GaryGensler will step down voluntarily and choose not to finish his term as commissioner (which would expire in 2026) as some had speculated he may have done, @FoxBusiness has…
Key Contenders for the SEC Chair Role Several candidates are being considered for the SEC chair position. Dan Gallagher, Robinhood’s Chief Legal Officer, is a prominent name. However, his connection to traditional banking has sparked mixed reactions among crypto advocates. Additionally, Bob Stebbins, former SEC General Counsel, is reportedly being supported by former SEC Chair Jay Clayton. Stebbins, while not deeply rooted in crypto, could align with Trump’s stance on digital assets.
#Gensler #SEC #TrumpVictory #Cryptonews
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Speculation grows about Gary Gensler stepping down early, sparking debate on the future of SEC leadership and crypto oversight.
Dan Gallagher’s potential SEC chair appointment faces mixed reactions, with crypto advocates wary of his ties to traditional banking.Paul Atkins and Brad Bondi, both pro-crypto, could lead the SEC, signaling a shift toward lighter regulation under Trump.
Gary Gensler, who is currently the head of the SEC, may resign earlier than anticipated, perhaps before his 2026 term is out according to Eleanor Terrett, a Fox Business reporter. He may announce his resignation after Thanksgiving, according to sources, and depart by January.
Talk over who will succeed him has been sparked by this, particularly in light of Donald Trump’s election victory. Many are asking who will be the next head of the SEC, and there is increasing conjecture about how Trump may alter bitcoin regulations now that he is in office.
— Eleanor Terrett (@EleanorTerrett) November 15, 2024
🚨While @realDonaldTrump’s pick for @SECGov chair remains unknown, it looks increasingly likely that @GaryGensler will step down voluntarily and choose not to finish his term as commissioner (which would expire in 2026) as some had speculated he may have done, @FoxBusiness has…
Key Contenders for the SEC Chair Role Several candidates are being considered for the SEC chair position. Dan Gallagher, Robinhood’s Chief Legal Officer, is a prominent name. However, his connection to traditional banking has sparked mixed reactions among crypto advocates. Additionally, Bob Stebbins, former SEC General Counsel, is reportedly being supported by former SEC Chair Jay Clayton. Stebbins, while not deeply rooted in crypto, could align with Trump’s stance on digital assets.
#Gensler #SEC #TrumpVictory #Cryptonews
LeslieSuLee:
great idea🎉
18 U.S. States Sue SEC Over Alleged Unconstitutional Overreach in Crypto Regulations 😂
Eighteen U.S. states have filed a lawsuit against the Securities and Exchange Commission (#SEC ) under Chair Gary #Gensler , accusing the agency of unconstitutional overreach and unfair treatment toward the crypto industry. This #legal action suggests growing state-level resistance to the SEC’s regulatory approach in the cryptocurrency sector.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Eighteen U.S. states have filed a lawsuit against the Securities and Exchange Commission (#SEC ) under Chair Gary #Gensler , accusing the agency of unconstitutional overreach and unfair treatment toward the crypto industry. This #legal action suggests growing state-level resistance to the SEC’s regulatory approach in the cryptocurrency sector.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Gary Gensler’s Imminent Resignation from the U.S. SEC 🤩
U.S. SEC Chair Gary #Gensler is reportedly stepping down soon, a development seen as a positive shift for the cryptocurrency industry.
Many in the crypto community view Gensler’s resignation as potentially reducing #regulatory pressure, which could create a more favorable environment for digital assets and #growth in the sector.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
U.S. SEC Chair Gary #Gensler is reportedly stepping down soon, a development seen as a positive shift for the cryptocurrency industry.
Many in the crypto community view Gensler’s resignation as potentially reducing #regulatory pressure, which could create a more favorable environment for digital assets and #growth in the sector.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Could a New SEC Chair Boost Ether Price and Enable Staking Rewards for Spot ETH ETFs? 👀
The recent election of Donald #Trump , who aims to replace SEC Chair Gary Gensler, may reshape U.S. crypto regulation in ways that benefit Ethereum (ETH) and spot ETH ETFs. With a crypto-friendly SEC chair, analysts suggest spot ETH ETFs might offer staking rewards, potentially driving increased inflows and ETH price growth. The SEC under #Gensler enforced strict staking measures, impacting ETF performance.
A new chair could ease these restrictions, attracting both institutional and retail investors through competitive #ETFs with staking yields. However, regulatory and political obstacles remain, as any new chair would face constraints and opposition in swiftly altering current policies.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
The recent election of Donald #Trump , who aims to replace SEC Chair Gary Gensler, may reshape U.S. crypto regulation in ways that benefit Ethereum (ETH) and spot ETH ETFs. With a crypto-friendly SEC chair, analysts suggest spot ETH ETFs might offer staking rewards, potentially driving increased inflows and ETH price growth. The SEC under #Gensler enforced strict staking measures, impacting ETF performance.
A new chair could ease these restrictions, attracting both institutional and retail investors through competitive #ETFs with staking yields. However, regulatory and political obstacles remain, as any new chair would face constraints and opposition in swiftly altering current policies.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
🔥 Trump's Presidency Could Ignite a Pro-Crypto SEC REVOLUTION!
With Trump back in office, expectations for a pro-crypto shift at the SEC are sky-high. Industry leaders are speculating on sweeping regulatory reforms that could foster an era of transparency and innovation for digital assets. Steve Milton, CEO of Fintopio and former Binance exec, suggests that a Trump-led administration might replace SEC Chair Gary Gensler with a crypto-friendly figure, such as Robinhood’s legal chief Dan Gallagher. Such a change could signal an end to the SEC’s “regulation by enforcement” and bring clarity to a sector eager to grow.
This shift is seen as a “historic achievement” for the U.S. crypto industry, especially with Republicans securing Senate control. A streamlined regulatory approach could encourage talent and investment to flood back to the U.S., boosting its standing in the global crypto ecosystem. Anastasija Plotnikova, CEO of Fideum, believes this alignment could lead to more innovative regulations and competitive growth for U.S. crypto firms.
Looking ahead, market watchers are buzzing about the possibility of new crypto-based ETFs—particularly a staked Ethereum (ETH) ETF, which could make ETH more appealing for institutional investors. Nansen analyst Edward Wilson points out that a staked ETH ETF could be a game-changer for the asset, positioning Ethereum as a compelling investment once again.
With the prospect of friendlier regulations, reduced government oversight, and potentially groundbreaking crypto products, Trump’s presidency could bring the clarity and support the crypto sector has been waiting for. Is this the beginning of a U.S.-led crypto renaissance? The industry is watching closely. Follow @mende to stay updated!
#SEC #Gensler #GaryGensler #DonaldTrump #Elections2024
$BTC $SOL $ETH
With Trump back in office, expectations for a pro-crypto shift at the SEC are sky-high. Industry leaders are speculating on sweeping regulatory reforms that could foster an era of transparency and innovation for digital assets. Steve Milton, CEO of Fintopio and former Binance exec, suggests that a Trump-led administration might replace SEC Chair Gary Gensler with a crypto-friendly figure, such as Robinhood’s legal chief Dan Gallagher. Such a change could signal an end to the SEC’s “regulation by enforcement” and bring clarity to a sector eager to grow.
This shift is seen as a “historic achievement” for the U.S. crypto industry, especially with Republicans securing Senate control. A streamlined regulatory approach could encourage talent and investment to flood back to the U.S., boosting its standing in the global crypto ecosystem. Anastasija Plotnikova, CEO of Fideum, believes this alignment could lead to more innovative regulations and competitive growth for U.S. crypto firms.
Looking ahead, market watchers are buzzing about the possibility of new crypto-based ETFs—particularly a staked Ethereum (ETH) ETF, which could make ETH more appealing for institutional investors. Nansen analyst Edward Wilson points out that a staked ETH ETF could be a game-changer for the asset, positioning Ethereum as a compelling investment once again.
With the prospect of friendlier regulations, reduced government oversight, and potentially groundbreaking crypto products, Trump’s presidency could bring the clarity and support the crypto sector has been waiting for. Is this the beginning of a U.S.-led crypto renaissance? The industry is watching closely. Follow @mende to stay updated!
#SEC #Gensler #GaryGensler #DonaldTrump #Elections2024
$BTC $SOL $ETH
SEC Chairman Gensler Discusses Impact of Judicial Decisions on Reevaluation of Bitcoin ETFs
Gary #Gensler , the Chairman of the Securities and Exchange Commission (SEC), recently spoke about the SEC's evolving approach to applications for spot Bitcoin Exchange-Traded Funds (ETFs), highlighting the significance of recent judicial decisions in this area.
SEC's New Perspective in Response to Judicial Decisions
In an interview with CNBC, Gensler detailed the SEC's revised stance influenced by court rulings that urged the regulator to reevaluate its previous rejections of Bitcoin ETF applications and to adopt a new approach. "It's now between eight to a dozen filings," said Gensler, emphasizing that as the Chairman of the SEC, he does not want to preempt anything and that everything is currently under review.
Gensler's Responses to Questions About Policy Changes
Speaking about the Grayscale case, Gensler was asked whether the SEC is altering its stance in response to objections. "At the SEC, we proceed in accordance with the laws set by Congress and as interpreted by the courts," Gensler explained, adding that the cryptocurrency field is fraught with regulatory non-compliance.
SEC and Interactions with Bitcoin ETF Issuers
In recent weeks, the #SEC has met with major Bitcoin ETF issuers, including BlackRock, Fidelity, Grayscale, and Franklin. James Seyffart, an ETF analyst at Bloomberg Intelligence, suggested that frequent communication could lead to greater hope for the early approval of these funds.
Delay in Decisions on Ethereum ETFs
The SEC has again postponed its decision on spot Ethereum ETF applications, this time from companies Invesco and Galaxy Digital. Seyffart proposes that the SEC consider simultaneous approval of multiple applications to ensure a level playing field among competitors.
Matrixport's View on Bitcoin and Cryptomarkets
According to a report by Matrixport, a crypto financial services platform, #Bitcoin and the overall cryptomarket will continue to prosper in 2024, even if the SEC does not approve Bitcoin ETFs. The report predicts that cryptocurrency prices could rise in 2024 and advises investors to monitor the Bitcoin dominance chart.
Potential Impact of Politics on Cryptomarkets
The report also states that the potential return of Donald Trump to the political arena could positively influence the cryptomarkets. "2024 is also an election year, and the likelihood of former President Donald Trump being re-elected is high," the report notes, suggesting that his policies could boost the American economy and consequently the values of American stocks and cryptocurrencies.
#Binance #crypto2023
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
SEC's New Perspective in Response to Judicial Decisions
In an interview with CNBC, Gensler detailed the SEC's revised stance influenced by court rulings that urged the regulator to reevaluate its previous rejections of Bitcoin ETF applications and to adopt a new approach. "It's now between eight to a dozen filings," said Gensler, emphasizing that as the Chairman of the SEC, he does not want to preempt anything and that everything is currently under review.
Gensler's Responses to Questions About Policy Changes
Speaking about the Grayscale case, Gensler was asked whether the SEC is altering its stance in response to objections. "At the SEC, we proceed in accordance with the laws set by Congress and as interpreted by the courts," Gensler explained, adding that the cryptocurrency field is fraught with regulatory non-compliance.
SEC and Interactions with Bitcoin ETF Issuers
In recent weeks, the #SEC has met with major Bitcoin ETF issuers, including BlackRock, Fidelity, Grayscale, and Franklin. James Seyffart, an ETF analyst at Bloomberg Intelligence, suggested that frequent communication could lead to greater hope for the early approval of these funds.
Delay in Decisions on Ethereum ETFs
The SEC has again postponed its decision on spot Ethereum ETF applications, this time from companies Invesco and Galaxy Digital. Seyffart proposes that the SEC consider simultaneous approval of multiple applications to ensure a level playing field among competitors.
Matrixport's View on Bitcoin and Cryptomarkets
According to a report by Matrixport, a crypto financial services platform, #Bitcoin and the overall cryptomarket will continue to prosper in 2024, even if the SEC does not approve Bitcoin ETFs. The report predicts that cryptocurrency prices could rise in 2024 and advises investors to monitor the Bitcoin dominance chart.
Potential Impact of Politics on Cryptomarkets
The report also states that the potential return of Donald Trump to the political arena could positively influence the cryptomarkets. "2024 is also an election year, and the likelihood of former President Donald Trump being re-elected is high," the report notes, suggesting that his policies could boost the American economy and consequently the values of American stocks and cryptocurrencies.
#Binance #crypto2023
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
SEC Chairman Gensler States Current Securities Regulations Sufficient For Cryptocurrency Industry
SEC Chairman Gary Gensler believes that current securities regulations are sufficient to regulate the cryptocurrency field.
In a recent testimony before the US House of Representatives, Securities and Exchange Commission (SEC) Chairman Gary Gensler addressed the issue of cryptocurrency regulation. He stated that the current securities regulations being applied by the SEC are “enough to cover most of the activities that are going on in the crypto field.”
When asked if the SEC has a plan to issue a regulation clarifying how securities laws will apply to digital assets, Gensler replied, “Those regulations already exist. That is the securities regulation that details how to conduct public fundraising.”
Gensler also commented on the state of the cryptocurrency market, stating that it is currently in a lawless period filled with non-compliance. He believes that the majority of cryptocurrency projects are securities under current regulations. He added that only the Securities and Exchange Commission, under the supervision of the House Financial Services Committee and the Senate Banking Committee, along with the courts, have the authority to define what is a security, not crypto exchanges.
Earlier this month, Gensler had taken a clear position on the matter, stating that only Bitcoin (BTC) is not a security, while most other coins will fall under the category and be subject to SEC regulation.
Meanwhile, the Commodity Futures Trading Commission (CFTC), another major financial regulatory agency in the US, has consistently opposed the SEC’s argument, claiming that large cryptocurrencies such as BTC, ETH, and even stablecoins are commodities. The US legislature is currently discussing a bill that would give CFTC the authority to regulate cryptocurrencies as commodities.
When asked about the topic, Gensler stated, “I think there are many regulations that, if applied, would trivialize the securities aspect of crypto.”
Regarding Binance, a platform recently sued by the CFTC for serious irregularities in trading activities, Gensler declined to comment on the matter or whether the SEC would target Binance next. Nevertheless, the SEC has taken legal action against many other exchanges in the past.
#SEC #Gensler #crypto2023 #BTC #azcoinnews
This article was republished from azcoinnews.com
In a recent testimony before the US House of Representatives, Securities and Exchange Commission (SEC) Chairman Gary Gensler addressed the issue of cryptocurrency regulation. He stated that the current securities regulations being applied by the SEC are “enough to cover most of the activities that are going on in the crypto field.”
When asked if the SEC has a plan to issue a regulation clarifying how securities laws will apply to digital assets, Gensler replied, “Those regulations already exist. That is the securities regulation that details how to conduct public fundraising.”
Gensler also commented on the state of the cryptocurrency market, stating that it is currently in a lawless period filled with non-compliance. He believes that the majority of cryptocurrency projects are securities under current regulations. He added that only the Securities and Exchange Commission, under the supervision of the House Financial Services Committee and the Senate Banking Committee, along with the courts, have the authority to define what is a security, not crypto exchanges.
Earlier this month, Gensler had taken a clear position on the matter, stating that only Bitcoin (BTC) is not a security, while most other coins will fall under the category and be subject to SEC regulation.
Meanwhile, the Commodity Futures Trading Commission (CFTC), another major financial regulatory agency in the US, has consistently opposed the SEC’s argument, claiming that large cryptocurrencies such as BTC, ETH, and even stablecoins are commodities. The US legislature is currently discussing a bill that would give CFTC the authority to regulate cryptocurrencies as commodities.
When asked about the topic, Gensler stated, “I think there are many regulations that, if applied, would trivialize the securities aspect of crypto.”
Regarding Binance, a platform recently sued by the CFTC for serious irregularities in trading activities, Gensler declined to comment on the matter or whether the SEC would target Binance next. Nevertheless, the SEC has taken legal action against many other exchanges in the past.
#SEC #Gensler #crypto2023 #BTC #azcoinnews
This article was republished from azcoinnews.com
I think the market's answer to yesterday's nonsense is important. We are calm and something big seems to be approaching. We can easily observe that there is no selling pressure, especially in low-risk assets.
$BTC $ETH $ARB #SEC #Gensler #BitcoinETFs!
$BTC $ETH $ARB #SEC #Gensler #BitcoinETFs!
Gary Gensler's SEC tenure has been marked by aggressive crypto crackdowns, facing lawsuits like from Crypto.com, and opposition to bills like FIT21, painting him as a nemesis to the industry's growth. - #CryptoRegulation #Gensler #Write2Earn!