Despite bipartisan support, SEC Chair Gary Gensler warned that the bill might undermine existing securities laws and endanger both investors and the broader capital markets.
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Consensys, a major player in the Ethereum ecosystem, has filed a lawsuit against the SEC, challenging Ethereum’s classification as a security. Ashton, Managing Partner at MohrWolfe, analyzes the legal battle shaping the crypto industry’s future and its implications for Ethereum’s legitimacy and regulatory clarity.
“Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,” states SEC Chair, Gary Gensler.
The long-awaited announcement, made on Wednesday, marks a significant turning point in the evolution of cryptocurrency investment options and opens up new avenues for traditional investors to gain exposure to the volatile digital asset.
The SEC’s unexpected Bitcoin ETF approval tweet created confusion, with Chairman Gensler alleging a compromise. Was it an internal error?
In a series of tweets, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has issued a cautionary message to potential investors in the crypto market.…
The report dampened the recent market optimism fueled by expectations of an ETF approval, suggesting potential sharp declines and recommending traders to hedge against the anticipated negative outcome.
SEC Chairman Gary Gensler seeks tens of millions in additional funding for the agency’s multi-billion budget, aiming to expand and protect investors from noncompliance risks in the thriving crypto industry.
The bill’s fate now rests on garnering support from other lawmakers and could reshape the future of U.S. financial regulation.
The SEC lawsuit accuses Binance and CZ of various violations, including secretly allowing high-value U.S. customers to trade on the Binance.com platform despite claiming otherwise, and exercising control over customer assets, including diverting them to an entity owned by Zhao.