Sec Chair Financial News

Members of the United States House of Representatives are pushing for ways to remove Securities and Exchange Commission (SEC) chair Gary Gensler from his position, but the legality may be more complicated than a single piece of legislation.

House Republicans filed a bill on Monday that would fire US Securities and Exchange Commission Chair Gary Gensler and restructure the agency.

crypto industry, and said many companies in the space had made a «calculated economic decision» to flout its rules. Speaking at a Piper Sandler conference in New York, Gary Gensler also reiterated his view that the «vast majority» of crypto tokens meet the test for being a security and should be registered with the SEC. That means most crypto exchanges have to comply with the securities laws too, he added. «When crypto asset market participants go on Twitter or TV and say they lacked 'fair notice' that their conduct could be illegal, don't believe it,» he said. «They may have made a calculated economic decision to take the risk of enforcement as the cost of doing business.» The crypto industry has attacked Gensler in recent days after the SEC sued two of the world's largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency.

Before becoming head of the US Securities and Exchange Commission, Gary Gensler offered to serve as an adviser for Binance, according the crypto exchange, which is now facing heat from the regulator.

Just days after suing two of the largest crypto exchanges in the world, SEC chief Gary Gensler was scathing in his criticism of crypto firms, saying that most crypto tokens are subject to U.S. securities laws and crypto platforms need to comply.

Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800.

Securities and Exchange Commission Chair Gary Gensler laid into the crypto industry on Thursday, arguing that it is possible for exchanges to register with the agency, despite platforms’ assertions that they tried to do just that. 

SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports. 

Gary Gensler – chairman of the U.S. Securities and Exchange Commission (SEC) – sees “parallels” between Binance and its failed competitor FTX’s handling of customer assets. 

Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.

Just as the European Union officially signs its sweeping Markets in Crypto-Assets (MiCA) rules into law, a study commissioned by EU Parliament suggests that crypto assets should be regulated as securities by default, potentially vindicating the stance of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler.

The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place.

The US Securities and Exchange Commission stands ready to help crypto intermediaries come into compliance, said the agency’s Chair Gary Gensler.

US Securities and Exchange Commission’s Chair Gary Gensler pushed back against Coinbase’s call to have the agency propose and adopt rules for digital assets.

House Financial Services Committee Chair Patrick T. McHenry accused US Securities and Exchange Commission Chair Gary Gensler of avoiding requests for information about cryptocurrency-related matters, going so far as to threaten a hearing if they don’t hear back soon.

A combination of rising US bond yields, concerns about what hotter-than-expected UK inflation might mean for the US inflation outlook and an aggressive liquidation of long positions has seen the price of Ether (ETH) drop sharply on Wednesday.

Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing. 

WASHINGTON—Securities and Exchange Commission Chair Gary Gensler is set to defend his regulatory agenda Tuesday before a House panel that has grown hostile to his plans under Republican leadership of the committee. 

A four-year-old video of United States Securities an Exchange Commission (SEC) chair Gary Genser giving praise to smart contract platform Algorand (ALGO) is circulating on Twitter following the SEC declaring ALGO is an unregistered security.

Republican Congressman Warren Davidson has introduced legislation with an aim to remove Securities and Exchange Commission (SEC) Chair Gary Gensler from his role.

Tom Emmer, the United States Congressman from Minnesota’s sixth congressional district, appeared in an “Unchained” podcast on 7 April. During the podcast, he shared his thoughts on the current state of crypto regulation in the United States and the SEC’s approach to the crypto industry.