Gary Gensler News

The money brings Ripple's total contribution to Fairshake to $50 million, nearly half the super PAC's entire money on hand.Explaining its decision, Ripple says the SEC's approach to regulating crypto has failed and that the 2024 elections will be the "most consequential in crypto's history"."We must elect leaders who understand this potential and support policies that protect consumers and markets in ways that are fair and innovation-forward," says the firm.Fairshake recently spent $10 million helping to kill off a Senate run from Democrat Congresswoman Katie Porter.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.

Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won't notice the difference.

The recent approval of Ethereum exchange-traded funds (ETFs) has opened the doors for more crypto investment products, according to research from TD Cowen’s Washington Research Group.

U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks. The Republican-sponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279-136 vote. It is not clear if the Senate will take up the measure.

A group of bipartisan House representatives urged the US Securities and Exchange Commission (SEC) Chair Gary Gensler in a May 22 letter to approve spot Ether ETPs following the House’s successful FIT21 vote on Wednesday.

Proposed new legislation that aims to address uncertainty and regulation of digital assets “by enforcement” was passed by the House of Representatives yesterday, but the SEC chair is concerned.

Crypto investor and trader Brian Kelly has suggested that Solana (SOL) could potentially become the next cryptocurrency to have a spot exchange-traded fund (ETF) in the United States.

President Joe Biden’s administration will oppose the passage of Financial Innovation and Technology for the 21st Century Act (FIT21) amidst its vote in the House of Representatives, a Wednesday statement from the White House claims.

United States Securities and Exchange Commission (SEC) Chair Gary Gensler released a statement Wednesday morning criticizing the Financial Innovation and Technology for the 21st Century Act (FIT21) ahead of the crypto regulation’s expected vote in the House today.

On May 22, Stuart Alderoty, Ripple’s Chief Legal Officer, unleashed a scathing rebuke on Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), for his mishandling of crypto asset regulation.

The chair of the Securities and Exchange Commission has issued a statement hailing what he sees as the benefits of the U.S. securities market adopting faster settlements.

In response to the Securities and Exchange Commission (SEC) ‘s increasing regulatory scrutiny of the cryptocurrency industry, a small group of community members launched a decentralized anti-SEC memecoin called NotWifGary (NWG) on May 16.

The U.S. Senate voted on Thursday to formally disapprove the Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121, which will now go to President Joe Biden’s desk.

The SEC is sharpening its focus on cybersecurity breaches at broker dealers and RIAs, among other financial institutions, with an update to a 24-year-old rule.

Congressman Wiley Nickel (D-CA) has criticized SEC Chair Gary Gensler over the agency’s “open hostility” towards crypto and SAB121. Nickel sent a letter to Gensler on Wednesday urging him to rescind the controversial staff accounting bulletin amidst the Senate vote to nullify it.

President Joe Biden’s stringent crypto policies could jeopardize his re-election bid, according to Uniswap founder Hayden Adams. On May 13, Adams warned of the potential consequences that the administration could face at the November polls.

“Shark Tank” investor Mark Cuban advocated for the Commodities and Futures Trading Commission (CFTC) to oversee all cryptocurrencies. He was responding to Republican presidential candidate Donald Trump’s crypto endorsement on social media, urging the US to stop hindering its development.

The world’s largest cryptocurrency asset manager Grayscale Investments withdrew its application for an Ether futures exchange-traded fund (ETF) just three weeks before the US Securities and Exchange Commission (SEC) was set to rule on several spot ETH ETFs.

On a mostly bearish day in the cryptocurrency market on Tuesday, Render (RNDR), Kaspa (KAS) and Tron (TRX) are top crypto gainers today and some of the only coins trading in the green over the past 24 hours.

Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), defended the agency’s attention to the crypto industry in an interview on May 7, asserting that it’s not an undue focus but rather a response to the prevalence of scams and frauds within the sector. 

One in five voters in key states believe that cryptocurrencies are a critical issue in the 2024 US elections amidst Donald Trump and Joe Biden’s race for the presidency, according to Digital Currency Group (DCG) Tuesday report.