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SEC Chair Gensler: Crypto Industry Plagued by Misconduct and Legal Challenges
14.9.2023
Gary Gensler, the Chair of the Securities and Exchange Commission (SEC), has once again expressed concerns about the prevalence of compliance issues and misconduct in the crypto space.
During a recent conference hosted by Better Markets, Gensler acknowledged that while not all tokens can...
SEC Chair: Crypto Is a Field Rife With Fraud, Abuse, Misconduct — ‘It’s Daunting’
14.9.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the Senate Banking Committee, stating that crypto is “a field which is rife with fraud, abuse, and misconduct.” He also stated that the securities regulator is still reviewing applications for spot bitcoin...
Coinbase CEO Discusses US Crypto Regulation — Sees More Institutional Investors Coming In
12.9.2023
Coinbase CEO Brian Armstrong has explained that crypto regulation in the U.S. will happen in one of a few ways. He noted that Coinbase is seeing more institutional investors coming in and signing up as they seek “a flight to quality.” The executive added: “There’s a possibility...
Fed Official: Digital Dollar Decision Still a Long Way Off
10.9.2023
The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...
Fed vice chair Barr gives update on CBDC research, plugs stablecoin legislation
8.9.2023
Michael Barr expressed “strong concern” about stablecoins and appreciation of legislative efforts to address them at the Philadelphia Fed’s fintech event
Epic Chief, Fortnite Loremaster Donald Mustard Leaving Company After Seven Years
8.9.2023
Donald Mustard is leaving Epic Games. Mustard was a driving force behind Fortnite’s success and the chief creative officer at Epic Games for the last seven years. Read more
U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off
8.9.2023
The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase
Ripple Labs chair slams Biden, Gensler for having ‘screwed up’ on crypto
7.9.2023
Ripple Labs chair Chris Larsen commented on the recent cases involving Ripple, Grayscale, and the SEC, arguing it is time for Congress to take the lead on crypto policy
US Senate confirms Philip Jefferson as Federal Reserve vice chair
6.9.2023
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036
Former MAS chair who called crypto 'highly risky' wins Singapore's presidential race
4.9.2023
Tharman Shanmugaratnam has served as Singapore's finance minister and the head of the country's financial regulator during his time in government
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...
Former SEC Chair: Institutional Investors Clearly Want Access to BTC, Approval of Spot Bitcoin ETFs Inevitable
3.9.2023
U.S. Securities and Exchange Commission’s former chairman Jay Clayton has explained why he believes the approval of a spot bitcoin exchange-traded fund (ETF) is inevitable. “It is clear that bitcoin is something that retail investors want access to, institutional investors want access to,”...
Former SEC chair says spot Bitcoin ETF approval is 'inevitable' despite delays
1.9.2023
The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms
Biden’s Regulators Urged to Work With Congress on Crypto Regulation
1.9.2023
A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s...
SEC Chair Gary Gensler Set for Back-to-Back Hearings Before Congress
30.8.2023
Securities and Exchange Commission (SEC) Chairman Gary Gensler is scheduled to appear before Congress twice in September, first testifying to the Senate Banking Committee on September 12 and later to the House Financial Services Committee on September 27.
The hearings follow mounting criticism...
US Congressman Calls to Dismiss Gensler as SEC Chair Following Grayscale Ruling
30.8.2023
US Congressman Warren Davidson of Ohio has called for the removal of Gary Gensler as Securities and Exchange Commission (SEC) chair following the Grayscale ruling on Tuesday.
Reacting to the ruling on Grayscale lawsuit, Congressman Davidson wrote that Grayscale’s victory provides more evidence...
Bitcoin, Ethereum Technical Analysis: BTC Largely Unchanged, Despite Fed Chair Powell’s Inflation Warning
26.8.2023
Bitcoin remained largely unchanged on Saturday, as markets were mostly unmoved by comments from the Federal Reserve’s chair, Jerome Powell. Speaking at the annual Jackson Hole symposium, Powell hinted that more hikes were in the cards. Ethereum moved back towards a recent support point....
Fed Chair Powell Leaves Door to Further Rate Hikes Open – Here is How Crypto Markets Reacted
25.8.2023
Speaking at an annual conference of central bankers at Jackson Hole, the Chairman of the US Federal Reserve Jerome Powell left the door open to the possibility of further interest rate hikes in the US, triggering some short-lived sell pressure in the crypto market.
Bitcoin (BTC) fell to new daily...
Bitcoin, Ethereum Technical Analysis: BTC Traders Jittery, as Federal Reserve Symposium in Jackson Hole Is Under Way
25.8.2023
Bitcoin marginally declined during Friday’s session, concurrent with the ongoing Federal Reserve symposium in Jackson Hole. The Chair of the Fed, Jerome Powell will be speaking at the annual meeting, and providing guidance on the upcoming policy decision. Ethereum also consolidated today....
Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
23.8.2023
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South...