May 30, 2023 05:50

Robert Kennedy Jr Slams SEC for Protecting Banks Instead of American People — Calls for Crypto-Friendly Commissioners

U.S. presidential candidate Robert F. Kennedy Jr. says he does not want anti-crypto people on the Securities and Exchange Commission (SEC). He also slammed the securities regulator for protecting banks rather than the American people. “What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system,” said the presidential hopeful. [...]

The post Robert Kennedy Jr Slams SEC for Protecting Banks Instead of American People — Calls for Crypto-Friendly Commissioners appeared first on Crypto Breaking News.

Mar 31, 2023 05:50

Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative [...]

The post Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry appeared first on Crypto Breaking News.

Jul 30, 2023 05:50

SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds and trade against their customers. Gary Gensler Says Crypto Field Rife [...]

The post SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’ appeared first on Crypto Breaking News.

Jul 22, 2023 05:50

SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has asked Congress for more funding for his agency to address “risks in the crypto markets.” In a Senate hearing, he stressed: “We’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative [...]

The post SEC Asks for Increased Funding to Tackle Crypto Market Risks and Wrongdoing appeared first on Crypto Breaking News.

Aug 05, 2022 09:25

SEC Chair Says the Public Will Benefit From Crypto Regulation...

U.S. Securities and Exchange Commission Chair Gary Gensler on crypto regulation and basic protections for the public.

Last week, investor Kevin O'Leary (best known as one of the Sharks on Shark Tank TV show) says he believes TRILLIONS of instructional investment funds are sitting on the sidelines, simply waiting regulations they need to see in place before investing. 

Video Courtesy of Yahoo FinanceSubscribe to GCP in a reader

Jun 30, 2022 04:15

SEC Chair Shares His Outlook on New Regulations, and Why He Believes Many Projects Are Already "Non-Compliant' with Existing Regulations...

SEC Chair Gary Gensler talks potential regulation over cryptocurrencies, a crypto-backed ETF and more. 

"When there's a group of entrepreneurs that are selling something to the public saying 'we've got this great idea' when you do that you have to have basic disclosures, full and fair disclosures." says Gensler.

While this currently presents another bump in the road, most analysts believe that once the government makes the rules clear, and removes the mystery around 'how will they regulate crypto' - there are billions waiting to flow in to the market.
Video Courtesy of CNBC

 

Subscribe to GCP in a reader

Aug 05, 2022 09:25

SEC Chair Shares His Outlook on Potential New Regulations...

SEC Chair Gary Gensler talks potential regulation over cryptocurrencies, a crypto-backed ETF and more. 

"When there's a group of entrepreneurs that are selling something to the public saying 'we've got this great idea' when you do that you have to have basic disclosures, full and fair disclosures." says Gensler.

While this currently presents another bump in the road, most analysts believe that once the government makes the rules clear, and removes the mystery around 'how will they regulate crypto' - there are billions waiting to flow in to the market.
Video Courtesy of CNBC

 

Subscribe to GCP in a reader

Dec 06, 2024 12:00

SEC defends amended suit against Binance, CZ over securities claims

In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.

Aug 12, 2023 05:50

Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission’s lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case. They are generally used to add supporting arguments to one [...]

The post Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC appeared first on Crypto Breaking News.

Jul 02, 2023 05:50

Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts

The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law on SEC positions and quit the personal attacks on the SEC Chair or the SEC staff,” he stressed. “It’s an anemic and flawed [...]

The post Former SEC Official Defends Chair Gensler — Urges Crypto Community to Quit Personal Attacks, Focus on Facts appeared first on Crypto Breaking News.