SECCryptoRule
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"SEC Chair Gensler Opposes New Crypto Regulation Bill: What It Means for the Industry"
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🚀🔥"
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🚀🔥"
SEC Crypto Chief David Hirsch Resigns, Community Reacts
Does SEC’s Enforcement Chief’s Resignation Signal an End to the ‘War on Crypto’?
David Hirsch, the chief of the SEC’s Enforcement Division’s Crypto Asset and Cyber unit, has resigned, sparking a wave of reactions from the crypto community.
Community Reactions
David Hirsch's Departure: Hirsch announced his resignation on LinkedIn, reflecting on his nearly 10-year tenure at the SEC, where he handled complex and challenging investigations.Crypto Community's Response: The reactions were mixed. Viktor Bunin, a protocol specialist at Coinbase, urged the industry not to hire Hirsch due to his enforcement actions. Conversely, Solana's memecoin platform, pump.fun, humorously claimed they had hired Hirsch, a statement Hirsch later confirmed as false.
Implications for the SEC and Crypto Regulation
Market Commentary: Crypto YouTuber Paul Barron speculated that Hirsch’s resignation might indicate a shift in the SEC’s influence over the crypto sector, especially as regulatory clarity increases.Legislative Developments: The FIT21 Act, recently passed by the U.S. House of Representatives, aims to reduce the SEC’s power over crypto, shifting oversight to the CFTC (Commodity and Futures Trading Commission).
Future Outlook
While some view Hirsch’s resignation as a potential end to the SEC’s stringent crypto enforcement, the true impact will depend on his successor, who has not been announced yet.
Disclaimer: This article does not constitute investment advice. All trading and investment decisions involve risk, and readers should conduct their own research before making any decisions.
#SECCryptoRegulation #SECCryptoRule #SECCrypto #SECcryptoChief
David Hirsch, the chief of the SEC’s Enforcement Division’s Crypto Asset and Cyber unit, has resigned, sparking a wave of reactions from the crypto community.
Community Reactions
David Hirsch's Departure: Hirsch announced his resignation on LinkedIn, reflecting on his nearly 10-year tenure at the SEC, where he handled complex and challenging investigations.Crypto Community's Response: The reactions were mixed. Viktor Bunin, a protocol specialist at Coinbase, urged the industry not to hire Hirsch due to his enforcement actions. Conversely, Solana's memecoin platform, pump.fun, humorously claimed they had hired Hirsch, a statement Hirsch later confirmed as false.
Implications for the SEC and Crypto Regulation
Market Commentary: Crypto YouTuber Paul Barron speculated that Hirsch’s resignation might indicate a shift in the SEC’s influence over the crypto sector, especially as regulatory clarity increases.Legislative Developments: The FIT21 Act, recently passed by the U.S. House of Representatives, aims to reduce the SEC’s power over crypto, shifting oversight to the CFTC (Commodity and Futures Trading Commission).
Future Outlook
While some view Hirsch’s resignation as a potential end to the SEC’s stringent crypto enforcement, the true impact will depend on his successor, who has not been announced yet.
Disclaimer: This article does not constitute investment advice. All trading and investment decisions involve risk, and readers should conduct their own research before making any decisions.
#SECCryptoRegulation #SECCryptoRule #SECCrypto #SECcryptoChief
Ethereum ETF process is ‘going smoothly,’ says SEC’s Gensler
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
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
"SEC Crushes Ripple with New Filing: Binance Ruling Ignored!"
The U.S. SEC responds to the notice of supplemental authority from Ripple regarding the Binance decision, which the company argues supports its remedies-related opposition brief.
Read more on: https://thecryptobasic.com/2024/07/04/sec-slams-ripple-in-new-filing-says-its-reference-of-binance-ruling-is-irrelevant/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
Read more on: https://thecryptobasic.com/2024/07/04/sec-slams-ripple-in-new-filing-says-its-reference-of-binance-ruling-is-irrelevant/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥"
"SEC New Filing in Ripple Case Hints at Major XRP Settlement Rumors!"
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
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
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 😇😊
tips will be appreciated 😇😊
"SEC Can’t Reverse XRP’s Non-Security Status, Even on Appeal, Says Confident Ripple CLO"
Ripple CLO Stuart Alderoty asserts that XRP’s non-security status alongside Judge Analisa Torres’ decision on XRP secondary market sales will not change even if the SEC appeals.
Read more on: https://thecryptobasic.com/2024/08/16/ripple-clo-says-sec-cant-change-xrp-non-security-status-even-if-it-appeals/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNews” #CryptoNewssCommunity
Read more on: https://thecryptobasic.com/2024/08/16/ripple-clo-says-sec-cant-change-xrp-non-security-status-even-if-it-appeals/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNews” #CryptoNewssCommunity
"Ripple vs. SEC: New Legal Twist Points to Potential Appeal"
The Ripple legal team files a new motion with respect to the SEC lawsuit, requesting a stay on the monetary portion of Judge Analisa Torres’ August 7 ruling.
Read more on: https://thecryptobasic.com/2024/09/05/new-motion-in-ripple-v-sec-lawsuit-hints-at-potential-appeal/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/09/05/new-motion-in-ripple-v-sec-lawsuit-hints-at-potential-appeal/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V
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
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
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
"Ripple CEO Declared SEC Settlement is Close: XRP Not Classified as a Security!"
Ripple CEO Brad Garlinghouse expresses optimism about reaching a final resolution soon in the lawsuit against the U.S. Securities and Exchange Commission (SEC).
Read more on: https://thecryptobasic.com/2024/07/18/ripple-ceo-on-bloomberg-says-settlement-with-sec-is-close-as-xrp-is-not-a-security/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V
Read more on: https://thecryptobasic.com/2024/07/18/ripple-ceo-on-bloomberg-says-settlement-with-sec-is-close-as-xrp-is-not-a-security/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V
"Ex-SEC Official Suggests SEC Might Not Appeal Ripple Case"
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
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
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
#EthereumETFApprovalExpectations #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V
Ripple vs. SEC Lawsuit Update: Settlement Speculation Grows
‼️‼️‼️‼️‼️‼️‼️‼️‼️
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
‼️‼️‼️‼️‼️‼️‼️‼️‼️
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
"ASA Sues SEC Over FOIA Request Failures – What's Next?"
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
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
"Ripple CEO Demands Biden : Fire SEC Chief Gensler for Crypto to Survive"
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
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
"Ripple Demands Lower Fine in SEC Case, Cites Terra Settlement as Justification!"
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🚀🔥"
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🚀🔥"
"Ripple SEC Lawsuit Update! CEO's Latest Verdict Announcement Revealed!"
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
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
"Pro-XRP Lawyer Reveals the Truth Behind SEC’s $2B Demand Reduction to $102M in Ripple Case"
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
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