In an interview, Gary Gensler stresses that we shouldn't underestimate AI's potential to cause future financial crises. He therefore calls for rigorous regulation to minimize the risks.
In an interview, Gary Gensler stresses that we shouldn't underestimate AI's potential to cause future financial crises. He therefore calls for rigorous regulation to minimize the risks.
Coinbase CEO Brian Armstrong said the SEC asked the platform to remove any assets other than Bitcoin from its list. All crypto assets except Bitcoin were, in fact, securities and had to be removed from the list, the regulator said. According to Armstrong, accepting this request would lead to the end of the crypto industry.
Cardano (ADA) puts in a string of masterful performances despite the regulatory crackdown in the USA. Just when everything seems to be going well, network founder Charles Hoskinson announces a fascinating update that should take Layer 2 solutions to the next level.
Securities and Exchange Commission (SEC) Chairman Gary Gensler testified before the Senate during a session of the SEC's FY2024 Budget Subcommittee. During his speech, he raised important issues related to the regulation of the crypto sector, calling certain aspects “the Wild West”.
The Ripple VS SEC case has undeniably left its mark on the crypto market. The case has taken a new twist, with Judge Analisa Torres ruling in favor of the crypto company. Even if this is only a partial victory, Ripple intends to take advantage of this opportunity to broaden the prospects for XRP adoption.
Ripple's battle with the SEC came to an end last week. While the settlement company must feel relieved, the regulator hasn't said its last word. If CEO Gary Gensler's statements are anything to go by, it's not all over yet.
Judge Analisa Torres recently handed down her verdict in the XRP case between Ripple and the SEC. The decision, favorable to the crypto firm, is however only partially settled.
Judge Analisa Torres' verdict was clear: XRP is not a security. A great victory, chanted the crypto community, who saw the SEC's recent attacks as a vendetta. But there's a twist. The U.S. regulator counted a direct sale of XRP to investors to the tune of $728.9 million. In such a context, Ripple's token becomes a security once again. A cold shower for the cryptosphere.
The SEC, often known for its outbursts against companies operating in the crypto market, has just made a big decision. The American regulator has just accepted BlackRock's application for a Bitcoin exchange-traded fund (ETF). This decision could mark a new turning point in the institutional adoption of bitcoin (BTC).
Crypto firm LBRY has been embroiled in a lawsuit against the SEC for the past few months. At issue is the determination of the moveable nature of LBRY Credits (LBC), the company's native crypto. The legal battle over the latter has just seen a new twist.
Lately, there's been a lot of interest in the Bitcoin ETF. BlackRock's Bitcoin ETF is particularly attracting the interest of crypto investors. According to one Bloomberg analyst, it could even unlock colossal wealth.
Recent news seems favorable for cryptos. Indeed, a former SEC official's opinion that the Bitcoin ETF should be approved is seen as positive for the crypto market. Is the next Bitcoin (BTC) bull-run imminent?
For the time being, Gary Gensler is untouchable. He will continue to reign supreme in the offices of 100 F Street, NE Washington D.C. Especially in the absence of solid arguments against his policies. Yet the crypto community has never stopped finding a breach in the SEC's fortified line. Perhaps this latest initiative by pro-crypto lawyers will eventually succeed?
SEC attacks are wreaking havoc on the crypto sector, and companies are not exempt. Revolut recently made an exit that is unlikely to please all its customers, as they will soon no longer be able to trade certain tokens. So, goodbye to Solana (SOL), Polygon (MATIC) and Cardano (ADA)?
The SEC boss is extremely controversial among members of the crypto community. In fact, they are eager to see him go, whatever it takes. For the time being, they'll have to be content with seeing him remain in his position, and potentially continue to crack down on them.
Moody's is a well-known research and risk analysis company within the cryptosphere. On June 20, it published a most interesting report on crypto in the United States. Specifically, it highlights the political divisions in the US regarding crypto regulation.
Many believed that Binance would come to an early end after the SEC began its attack earlier in June. But the tables have turned in recent days. The court recently ordered the two protagonists to reach an out-of-court settlement. According to the latest news, Binance.US is about to take the matter to court over a mistake made by the SEC.
The recent publication of Hinman's documents, a former SEC executive, has surprised the crypto community. They were supposed to provide the elements to settle the debate about the security or non-security nature of cryptocurrencies. Instead, the documents in question have only created more confusion. The situation was such that Ripple CEO Brad Garlinghouse called for investigations into William Hinman.
Ripple CEO Brad Garlinghouse recently shared a video on Twitter to announce that his company's long-running legal battle with the Securities and Exchange Commission (SEC) was finally coming to an end. However, rather than feeling sorry for the failure, Garlinghouse emphasized that the case only marks the beginning of a wider struggle for the cryptocurrency industry and the need for regulatory clarity.
Over the past few months, many analysts have predicted that Ripple would win its case against the SEC. However, it now seems that this prediction is about to change. Could the recent disappointing revelations about the Hinman documents be turning the tide?
The SEC's legal action against Binance continues to make headlines in the crypto world. Binance executives have vowed to fight and defend their platform. But does the SEC, the one who initiated the battle, really have the means to win this showdown? Carol Alexander has her doubts. Here's why.
The Hinman documents, previously held by a former SEC executive, are at the core of the legal battle between the SEC and Ripple. According to Ripple, their disclosure is crucial to the outcome of the case. The disclosure has finally happened but falls short of Ripple's expectations, leaving its executives disappointed.
In the SEC VS Binance case, a US federal judge has rejected the request from the US regulator. Quick breakdown: Binance US assets will not be frozen. However, the judge demands further negotiations between the SEC and Binance lawyers. The goal is to define boundaries and resolve security issues.
The SEC appears determined to take drastic measures in the crypto sector. After officially targeting two major crypto exchanges, it is now intervening in cryptocurrencies. The classification of certain cryptos as unregistered securities has triggered a price drop for many altcoins. Among them, Algorand and Flow reached their lowest levels over the weekend.
For several months, the crypto industry has been under pressure. The culprit is the heavy regulatory burden imposed by Gary Gensler, the head of the SEC. He has been launching offensives to exert his power over crypto firms, but some politicians are unwilling to let him deploy his strategy, which they consider fundamentally incoherent.
Usually, when the SEC classifies any token as a “security,” it is followed by sanctions for fraud or illegal sale of an “unregistered security.” And to make matters worse, the digital asset witnesses a plunge in its price. Three famous crypto projects, Solana, Cardano, and Polygon, recently concerned about the actions of the SEC, are taking a stand to avoid the worst.
Legal actions against crypto firm Binance have become one of the significant events in the crypto news this week. The news has caused a wave of consequences that could significantly impact the company's performance.
ADA, the native cryptocurrency of Cardano, is now among a list of 61 cryptos classified as securities. A legal expert believes that the reasons behind this SEC classification don't hold up. Here's his analysis.
The legal battle initiated by the SEC against Coinbase and Binance is significantly harming the crypto industry. Some experts believe that it exacerbates the already existing risks in this sector, to the detriment of users who now have to think about protecting their interests.
There's no doubt that the SEC lawsuits have cost the crypto firm Ripple a fortune. But what about the financial consequences of this case for XRP users and enthusiasts? That's the question addressed in a recent report by Valhil Capital.