BTC Investments Boom, SEC Chair vs. Crypto 'Wild West' + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____   ...Read More: BTC Investments Boom, SEC Chair vs.

'DeFi Will End Poorly' Without Protections: SEC Chair Gary Gensler

The SEC chair has once again compared the rise of DeFi to the Wild West, stressing that it needs better investor protection.

SEC Chair Gensler Explains Why They Approved the Bitcoin BITO ETF

The SEC chairman called the recent Bitcoin Futures ETF more conducive to investor protection than a spot equivalent. 

SEC Chair Gary Gensler responds to concerns about first Bitcoin-linked ETF

In the same interview, Proshares CEO Simeon Hyman opined that regulated futures traded in a 40-act ETF will open the opportunity to get BTC exposure to a lot of folks who may have been waiting on the sidelines. SEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday.Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts.

'Misunderstood' Gary Gensler is 'actually pro-Bitcoin,' claims exec

SEC Chair Gary Gensler is often seen taking potshots at cryptocurrencies.

SEC Chair Hester Pierce says we have to 'confront this fact' about Bitcoin ETF

Much of the talk in the American crypto space lately has surrounded the question of regulation, or the lack of it.

SEC Chair Gary Gensler actually is pro-Bitcoin, Vault Equity CEO argues

Vault recently received approval for an ETF that includes stocks in various crypto-related companies. The founder of Vault Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF).Vault Equity CEO and founder Tad Park voiced support for the US Securities Exchange Commission (SEC) regarding the regulator’s unwillingness to approve an ETF that would track Bitcoin directly.In a Tuesday Fox Business interview, Park argued that SEC chair Gary Gensler “actually is pro-Bitcoin” but is also “a little bit misunderstood” regarding his perspective on crypto regulation in the USPark specifically referred to the SEC’s investor protection concerns, namely that crypto custody providers have yet to assure the commission that they can actually ensure proper asset protection: “I can say ‘I have a gold ETF or a Bitcoin ETF’ but I’m storing that gold in my basement.

Gary Gensler: The SEC Has No Plans to Follow China and Ban Bitcoin

US SEC Chair Gary Gensler has stated that the financial regulator does not plan to ban crypto, but Congress could take harsher action.

SEC Chair Gensler: SEC Will Not ‘Ban’ Crypto

US Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies.

SEC Chair Gary Gensler Signals Potential Support for Futures-Based Bitcoin ETF

US Securities and Exchange Commission (SEC) Chairman Gary Gensler says he is open to exchange-trade funds (ETFs) for Bitcoin futures.

SEC Chair Reiterates Support for Bitcoin Futures ETFs, But Concerned About Investors’ Protection

While the SEC boss still fully supports Bitcoin ETFs, he believes that many people are going to get hurt if regulations are not put in place to protect investors. 

SEC Chair Gary Gensler Issues Fresh Warning to Crypto Markets and Platforms Operating Outside Regulations: Report

US Securities and Exchange Commission (SEC) Chairman Gary Gensler is issuing yet another warning to the crypto industry.

SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry.

US Senator Slams SEC Chair Gary Gensler for Regulation-by-Enforcement Approach to Cryptocurrencies

A US Senator is slamming the chairman of the US Securities and Exchange Commission (SEC) for his approach to regulating the digital asset space.

US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies

A US senator has asked the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation.

SEC Chair Gary Gensler Calls Blockchain Technology a Global Catalyst for Change

US Securities and Exchange Commission head Gary Gensler says he believes the technology underlying cryptocurrencies is beneficial.

Mike Novogratz: Gary Gensler 'Wants to Be the Sheriff of Cryptoville'

Galaxy Digital founder and CEO Mike Novogratz said it's clear that SEC Chair Gary Gensler is gunning for crypto—but it doesn't have to spell doom.

Key Bitcoin options 'fear' indicator reflects traders' regulatory concerns

On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator.

SEC Chair Gensler: Stablecoins Are Poker Chips at the Casino Gaming Tables

In a recent interview, SEC chair Gary Gensler on the cryptocurrency landscape, his thoughts on blockchain technology, and his approach to regulating the space.

SEC chair compares stablecoins to casino poker chips

"We’ve got a lot of casinos here in the Wild West, and the poker chip is these stablecoins at the casino gaming tables," said Gary Gensler. US Securities and Commission, or SEC, chair Gary Gensler has doubled down on his “Wild West” analogy for cryptocurrencies, calling stablecoins instruments for gambling at old-timey casinos. Speaking to Washington Post columnist David Ignatius on Tuesday, Gensler said most projects in the crypto space dealt with securities that fall under the regulatory purview of the SEC, while the Commodity Futures Trading Commission, or CFTC, was better suited for enforcement for others.

Gary Gensler: Cryptocurrencies Are 'Highly Speculative' Asset Class

Cryptocurrency needs to be regulated in order to protect “the stability of the system,” SEC chair Gary Gensler said.

Bitcoin bounces to $43K ahead of fresh crypto comments from SEC Chair Gensler

Attention is set to refocus on America following the Evergrande debacle as Gary Gensler talks to mainstream media. Bitcoin (BTC) bounced off $40,000 on Tuesday as attention returned to United States regulators.BTC/USD 1-hour candle chart (Bitstamp).

SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency.

Ripple's Brad Garlinghouse Maintains SEC Chair's Stance on Crypto is Not Clear

Ripple CEO Brad Garlinghouse has maintained that the SEC boss did not clarify crypto laws at his hearing with the US Senate.

SEC Chair Gary Gensler Calls Digital Asset Market the ‘Wild West,’ Invites Crypto Platforms to a Dialogue

The chairman of the US Securities and Exchange Commission (SEC) Gary Gensler says that cryptocurrency investors are inadequately protected.

US SEC Chair Gary Gensler: Coinbase and Other Crypto Exchanges Must Register with Agency

After raising concerns over Coinbase’s lending product, US SEC Chairman Gary Gensler has once again reiterated that cryptocurrency exchanges should register with the commission.

SEC Chair Calls for Open Dialogue in Pursuit of a Regulated Crypto Market

Gary Gensler will call on crypto stakeholders to come and talk to the SEC at his hearing with the Senate Banking Committee on Tuesday (Read More)

SEC Chair: Coinbase Lists 'Dozens of Tokens That Might Be Securities'

SEC Chair Gary Gensler took a new shot at Coinbase amid an ongoing dispute between the agency and the company.

'Highly Speculative' Cryptocurrencies Are 'Not Like a Laundromat Token': SEC Chair

Gary Gensler reiterated messaging that the cryptocurrency industry must fall in line with investor protections during a speech at the European Parliament. 

Crypto is too big to exist outside of public policies, warns SEC chair

SEC boss Gary Gensler believes crypto assets need to act within a public policy framework to survive over the long term. Crypto assets will not last long outside of a public policy framework because “finance is about trust,” warns Gary Gensler, the chair of the United States Securities and Exchange Commission.Speaking to The Financial Times, Gensler stressed the need for a regulatory framework for crypto platforms for their own survival.

DeFi Is Not a New Concept and Is Misnamed As Decentralized - SEC Chair

Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Contrary to a popular belief, decentralized finance (DeFi) is “not really a new concept,” and also a misnomer, as DeFi platforms have “a fair amount of centralization” that includes governance mechanisms, fee models, as well as incentive systems, according to Gary Gensler, Chairman of the US Securities and

Former SEC Chair Jay Clayton Joins $2 Billion Crypto Custodian as Advisor

The former SEC Chairman says he’s “very bullish” on blockchain technology.

Former SEC Chair Jay Clayton joins Fireblocks advisory board

In his new role, Clayton will aid Fireblocks in navigating the regulatory hurdles for developing and deploying digital asset infrastructure, especially around capital markets. Jay Clayton, the former chair of the United States Securities and Exchange Commission, has accepted an advisory role with blockchain infrastructure provider Fireblocks — marking a significant addition to a company that only recently achieved unicorn status. In joining Fireblocks’ advisory board, Clayton acknowledged that he shares the company’s view that “digital asset custody requires the same level of service as traditional custody while also striving for better regulatory outcomes.” Michael Shaulov, CEO and co-founder of Fireblocks, said Clayton will “help to advance further the safety and security of the Fireblocks infrastructure for capital market participants and investors.”Clayton headed the SEC between 2017 and 2020, where he helped navigate complex and frequently evolving regulatory requirements for the digital asset industry.

SEC Chair Gary Gensler Wants To Regulate DeFi

Chairman of the Securities and Exchange Commission Gary Gensler has argued that DeFi is not immune to regulation.

US lawmakers urge CFTC and SEC to form joint working group on digital assets

The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law. Two members of the United States House of Representatives have petitioned the heads of the Securities and Exchange Commission and Commodity Futures Trading Commission to work with participants in the crypto space for transparency and regulatory clarity.In a Monday tweet, Representative Glenn Thompson said he had submitted a letter with Representative Patrick McHenry to the CFTC and SEC, urging the agencies to "establish a joint working group on digital assets.” Thompson and McHenry requested SEC chair Gary Gensler and acting CFTC chair Rostin Behnam to “promote an active dialogue” between federal regulators and participants in the crypto market.“A working group on digital assets would enable both the SEC and CFTC to explore how to effectively use their current jurisdiction cooperatively,” said the letter.

Vaneck Files for Bitcoin Futures ETF Following SEC Chair’s BTC Futures Regulation Statements

Following a number of statements this week from the US Securities and Exchange Commission’s (SEC) Gary Gensler, wealth management firm Vaneck has filed for a bitcoin futures exchange-traded fund (ETF).

Legislative Priority Should Be on Crypto Trading, Lending and DeFi, Says SEC Chair Gary Gensler

US Securities and Exchange Commission (SEC) Chair Gary Gensler agrees with Senator Elizabeth Warren that the cryptocurrency markets need more regulatory protections for investors.

SEC Chair Tells Senator Legislative Priority Should Center on Crypto Trading, Lending, Defi Platforms

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has written a letter to Senator Elizabeth Warren about crypto regulation.

VanEck takes new approach with SEC, files for Bitcoin Strategy ETF

SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure. Asset manager VanEck is filing for a Bitcoin Strategy exchange-traded fund after it unsuccessfully attempted to launch a similar fund four years ago. According to US Securities and Exchange Commission, or SEC records, VanEck filed a prospectus for a Bitcoin Strategy exchange-traded fund, or ETF, on Aug.

VanEck Files for Futures Bitcoin ETF After SEC Hints at Path to Approval

Last week, SEC Chair Gary Gensler said he looked forward to the Commission's review of "ETFs limited to these CME-traded Bitcoin futures.”

Bitcoin ETF Hopefuls Were Rattled by SEC Chair Comments. Here’s Why

SEC Chair Gary Gensler hinted that he’d be more open to an ETF backed by Bitcoin futures, and not physical BTC.

SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs

The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry.

Bitcoin hits $39K highs as SEC Chair comments give BTC price 2% boost

Gary Gensler fuels a BTC price rebound Wednesday, but unclaimed moving averages are causing a headache for traders on longer timeframes. Bitcoin (BTC) hit 24-hour highs later on Wednesday as fresh comments from the United States regulatory sphere boosted flagging price action.BTC/USD 1-hour candle chart (Bitstamp).

Bitcoin 'Innovation Is Real' & 9 Other Key Takeaways From Speech By SEC Chair

This is a speech by the US Securities and Exchange Commission (SEC) chief Gary Gensler before the Aspen Security Forum on August 3. ______ Top 10 key statements: Satoshi Nakamoto’s innovation is real.

Gary Gensler Wants Congress to Back the SEC in Regulating Crypto

SEC Chair Gary Gensler wants Congress to give his agency more powers to regulate the crypto industry.

'Nakamoto's innovation is real,' says SEC Chair Gary Gensler

Gary Gensler describes Satoshi Nakamoto as an important innovator in cryptography and that their "innovation spurred the development of crypto assets and the underlying blockchain technology." Gary Gensler, the Chair of the United States Securities and Exchange Commission, or SEC, believes that the blockchain revolution started by Satoshi Nakamoto in 2008 is more than just a fad, but a real value proposition for the future of the internet. In an interview with the Aspen Security Forum on Tuesday, Gesler talked about his role at the Massachusetts Institute of Technology teaching about the intersection of finance and technology: “[...] in that work I came to believe that though there was a lot of hype masquerading as reality in the crypto field, Nakamoto’s innovation is real.” SEC Chairman @GaryGensler on #Bitcoin pic.twitter.com/jhqkbZrnob— Documenting Bitcoin (@DocumentingBTC) August 3, 2021 Gensler noted that, while some within the public sector wish that cryptocurrency would just go away, the technology likely has a big role to play in the future of finance.

SEC Chair Gary Gensler Intrigued by Crypto, Urges for Better Investor Rules

Gary Gensler, the current Chairman of the SEC, believes the cryptocurrency industry needs to go under the scope of the Commission.

SEC Chair wants robust crypto regulatory regime for the US

America’s securities chief has crypto regulatory ambitions beyond ETFs and token offerings, which include markets like lending and DeFi. Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space.Gensler expressed the SEC’s desire to install safeguards for crypto investors in the US in a Bloomberg interview, stating, “If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.”The SEC chairman identified seven crypto-related policy changes currently being examined by the Commission.

A Warning From SEC Chair, Bitcoin Miners Go Public, Euro Tether + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Regulation news "Make no mistake: It doesn’t matter whether it’s a stock token, a stable value token backed by securities, or any other virtual product that provides synthetic exposure to underlying

Sen. Warren queries SEC chair on lack of crypto investor protection

The former presidential candidate has written to the SEC chairman for answers about plans for crypto consumer protection protocols in the United States. Democratic Senator and former US presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country.According to Reuters, Senator Warren has written to Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), demanding answers about the scope of the SEC's crypto oversight in the area of consumer protection.In a statement issued by Senator Warren, the chair of the Subcommittee on Economic Policy bemoaned the lack of protection for crypto investors against the activities of rogue actors, adding:"These regulatory gaps endanger consumers and investors and undermine the safety of our financial markets.

SEC Chair Gensler: Crypto Exchanges Need 'Protections' From Front-Running

Gary Gensler took aim at the practice of front running in crypto during a House of Representatives hearing.

SEC Chair Gensler Says Cryptocurrency Exchanges Need More Regulation, Asks Congress to Weigh in

The new chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area.

SEC Chair Gensler: We 'Should Be Ready' to Enforce Crypto Cases

SEC Chair Gary Gensler told the 2021 FINRA Conference, "We need rules of the road and a cop on the beat to protect everyday investors."

BTC Is 'Speculative' Store of Value, 'A Lot' of Alts - Securities, Says SEC Chair + More News

Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Regulation news Bitcoin is a speculative and volatile store of value, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), told CNBC,

SEC Chair Gary Gensler Asks Congress to Regulate Crypto Exchanges

Gary Gensler, the chairman of the SEC, has urged US Congress to create a regulatory framework for crypto exchanges in the United States.

SEC chair hints at greater regulatory oversight for US crypto exchanges

Gary Gensler said a regulatory framework for digital assets from the SEC or CFTC "could instill great confidence" for investors.

SEC Chair: Congress Should Consider Regulating Crypto Exchanges

It was Gary Gensler's first appearance before the House Financial Services Committee as SEC Chairman.

Here's Where You Can Watch the New SEC Chair's MIT Blockchain Course

Newly-appointed SEC Chair Gary Gensler previously taught an MIT course on blockchain—and you can watch it online, for free.

On Day of Coinbase Listing, SEC Chair Gary Gensler Takes the Helm

Gary Gensler has been approved by the Senate to lead the Securities and Exchange Commission.

US Senate votes to confirm Gary Gensler as SEC chair

Gensler's confirmation comes almost three months after President Joe Biden first announced he was his pick for the SEC. Voting mostly along party lines, the US Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission.

New Petition Appeals to SEC Chair Nominee Gary Gensler to “End the Ripple Lawsuit”

A new petition filed by an XRP advocate has surfaced, demanding that Gary Gensler drop the Ripple lawsuit once he is confirmed as Chairman of the SEC.

New petition asks SEC chair nominee Gary Gensler to drop Ripple lawsuit

An XRP advocate started a petition to SEC chair nominee Gary Gensler, asking him to end the lawsuit against Ripple should he be confirmed as the new chair.

Ex-SEC Chair On Bitcoin Regulation, New BTC ETF, N Korean Crypto Hackers + More News

Source: iStock/pichet_w Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Former US Securities and Exchange Commission (SEC) chairman Jay Clayton, who now advises One River Asset Management on cryptocurrency, told CNBC that bitcoin (BTC) was not a security before he joined the

Former SEC chair Jay Clayton tips new Bitcoin regulations are coming

The former SEC chairman warns that regulation will come both directly and indirectly.

XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale's Bitcoin Trust or cash-settled fut The post XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status appeared first on AMBCrypto.

Former SEC Chair Jay Clayton Joins Crypto Advisory Board

Former SEC Chairman Jay Clayton has taken up an advisory role with crypto firm One River Digital Asset Management.

Ex-SEC Chair Enters Crypto River, USD 225m Crypto Fund + More News

Jay Clayton. Source: Twitter, SEC Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Career news One River Asset Management, a USD 2.5bn firm whose crypto funds are backed by hedge fund titan Alan Howard, brought on former US Securities and Exchange Commission (SEC) Chairman Jay Clayton as an

Gensler confirmation as SEC chair would be good for crypto, says Hester Peirce

SEC commissioner Hester Peirce is optimistic that the US will eventually offer more clarity for cryptocurrency investors. Hester Peirce of the United States Securities and Exchange Commission is well-known as a regulator who has shown consistent support for digital assets, so much so that her moniker "crypto mom" has become unshakeable. In a new interview with the Thinking Crypto podcast, Peirce reflected on the United States' regulatory approach to the asset class to date, arguing that, “I think we have missed the boat a bit on crypto.

Former SEC Commissioner Says Incoming SEC Chair Gary Gensler Could Withdraw Lawsuit against Ripple

Gary Gensler, who has been tapped by President Joe Biden to lead the Securities and Exchange Commission (SEC) as chairman, is awaiting the Senate floor’s final vote.

Biden’s SEC Chair Nominee Says Bitcoin and Crypto Are Transformative Technologies

President Biden’s pick to run the US Securities and Exchange Commission says Bitcoin and cryptocurrencies are triggering transformational change in the world of finance.

Biden’s SEC Chair Pick Gary Gensler Reveals Policies on Bitcoin and Crypto Regulation

Gary Gensler, President Joe Biden’s pick to lead the US Securities and Exchange Commission (SEC), has revealed his policies on bitcoin and other cryptocurrencies if confirmed as the SEC chairman.