Gary Gensler News

Bitwise’s chief compliance officer, Katherine Dowling, suggested in a July 8 Bloomberg interview that diminishing issues within S-1 filings could indicate the imminent launch of Ethereum ETFs.

Over the last 24 hours, the Ethereum price has seen a minor 1.03% loss amid broader market growth.

Jesse Powell, one of the co-founders of the popular cryptocurrency exchange Kraken, has announced a donation of $1 million to Republican presidential candidate Donald Trump, with the majority of the contribution made in the form of Ether.

A US District Court judge has signed off the settlement two months after a jury found Terraform and Kwon civilly liable for fraud after the $40 billion collapse of the company and its ecosystem.The collapse happened after, in May 2022, the TerraUSD stablecoin was de-pegged from the US dollar, prompting it and Terraform’s other tokens to plummet to close to zero in value, leading to "devastating losses to countless investors," says the SEC.Terra's implosion also set off a series of devastating events for the crypto industry, causing the failure of crypto hedge fund Three Arrows Capital which, in turn, hit Genesis Global Capital and FTX.SEC Chair Gary Gensler says: “Terraform and Do Kwon’s fraudulent activities caused devastating losses for investors, in some cases wiping out entire life savings. Their fraud serves as a reminder that, when firms fail to comply with the law, investors get hurt."The judgement, to which Terraform and Kwon consented, includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine for the company.

Coinbase has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) after the crypto exchange failed to obtain requested records from the government agencies under the Freedom of Information Act (FOIA), Thursday court documents show.

The US SEC reportedly might greenlight spot Ethereum ETFs by July 4 if discussions between investment firms and regulators are finalized.

Ripple CEO Brad Garlinghouse criticized US Securities and Exchange Commission (SEC) Chair Gary Gensler’s views and actions regarding the crypto industry on June 25, suggesting they could adversely affect President Biden’s re-election bid in November.

The Securities and Exchange Commission (SEC) Chair Gary Gensler has said that the progress of launching the first spot Ether exchange-traded funds (ETFs) is “going smoothly.”

VanEck filed for an 8-A form Tuesday morning in hopes of successfully securing their spot Ethereum (ETH) ETF approval, according to a new filing with the SEC.

A US District Court judge has signed off the settlement two months after a jury found Terraform and Kwon civilly liable for fraud after the $40 billion collapse of the company and its ecosystem.The collapse happened after, in May 2022, the TerraUSD stablecoin was de-pegged from the US dollar, prompting it and Terraform’s other tokens to plummet to close to zero in value, leading to "devastating losses to countless investors," says the SEC.Terra's implosion also set off a series of devastating events for the crypto industry, causing the failure of crypto hedge fund Three Arrows Capital which, in turn, hit Genesis Global Capital and FTX.SEC Chair Gary Gensler says: “Terraform and Do Kwon’s fraudulent activities caused devastating losses for investors, in some cases wiping out entire life savings. Their fraud serves as a reminder that, when firms fail to comply with the law, investors get hurt."The judgement, to which Terraform and Kwon consented, includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine for the company.

Ethereum is currently hovering slightly below its pivot point of $3,540, trading at $3,536. Bloomberg ETF analyst Eric Balchunas has raised eyebrows by predicting that spot Ether ETFs could begin trading as early as July 2nd.

Ether, the native cryptocurrency of the Ethereum network, has experienced a notable increase in long-term holder accumulation, coinciding with a 2% price drop over a 24-hour period.

During a Senate Appropriations subcommittee hearing held on June 13, Senator Dick Durbin, D-Ill., questioned CFTC Chair Rostin Behnam and SEC Chair Gary Gensler on the CFTC’s ability to regulate the crypto sector effectively.

United States Securities and Exchange Commission (SEC) Chair Gary Gensler expects Spot ETH ETFs to be approved sometime this summer, the federal regulator claimed in testimony before the Senate Appropriation Committee on Thursday morning.

Billionaire Mark Cuban suggested on June 8 that the U.S. 2024 presidential election between Republican frontrunner Donald Trump and current President Joe Biden may boil down to each candidate’s stance on crypto.

Thousands of people in the cryptocurrency community gathered in Austin, Texas last week to attend Consensus 2024. The annual blockchain conference hosted by CoinDesk attracted 15,000 attendees, up from last year’s 10,000.

ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission's queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a surprise win for the cryptocurrency industry which had expected the SEC to reject the filings after discouraging meetings with the regulator.

United States Securities and Exchange Commission (SEC) Chair Gary Gensler revealed that spot Ether (ETH) exchange-traded funds (ETF) approval “will take some time,” the federal regulator said during a Wednesday appearance on CNBC’s “Squawk Box.”

The SEC recently approved Ethereum ETFs, clarifying Ether’s status as a commodity, but that doesn’t cover staked Ether. Meanwhile, AVAX is currently consolidating, and the recent price analysis for Avalanch indicates a potential breakout.

The money, which comes on the heels of a $25 million donation from Ripple, means that Fairshake and its affiliates have raised to $160 million in this election cycle, making it one of the largest Super PACs.Coinbase has a strict no-politics policy but, says CEO Brian Armstrong in a blog, "when it comes to our mission of increasing economic freedom by growing the adoption of cryptocurrencies, we are deeply engaged in policy efforts".Armstrong claims that 52 million Americans have owned crypto but: "For too long, some congressional leaders who are out of touch with their constituents have attempted to eliminate the crypto industry from the US."Last summer, Coinbase was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.Armstrong cites the bill as an example of recent progress but says, "the best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle, and to vote anti-crypto candidates out of office".

Ripple CEO Brad Garlinghouse ignited excitement with his bullish forecasts on May 30, particularly regarding the prospect of an XRP exchange-traded fund (ETF). Garlinghouse’s statements exuded confidence, suggesting that XRP and other altcoins could follow Ether’s footsteps in securing ETF approvals in the US.