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Considering that the Securities and Exchange Commission (SEC) Chair Gary Gensler – the man many perceive as waging war on crypto – is set to resign on January 20, there was some uncertainty about whether the watchdog would file its appeal to the summary judgment in the Ripple case by the deadline. On January 20, Gensler’s war on crypto ends at the SEC. We asked the SEC to agree to postpone the filing of their opening brief in their appeal of our victory (current deadline Jan 15) – and they refused. What a waste of time and taxpayer dollars! Nevertheless, we are confident… — Stuart Alderoty (@s_alderoty) January 14, 2025 Despite the many rumors the regulator would abandon the case under the imminent Trump administration, the SEC nonetheless filed its claim that the district court erred with its previous decision. Specifically, the Commission argues in its opening statement that the district court made a series of mistakes when it absolved Ripple Lab...

The XRP price surged 24% in the last 24 hours to trade at $1.4026 as of 11:35 p.m. EST on trading volume that skyrocketed 132% to $16 billion. This follows the announcement by Securities and Exchange Commission (SEC) Chair Gary Gensler, known for his aggressive stance on cryptocurrency and financial market oversight, that he will step down from his position on January 20, the day Donald Trump is inaugurated as president. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 President-elect Donald Trump had pledged during his campaign to remove Gensler from his position ”on day one.” Following Gensler’s announcement, Ripple, one of the companies impacted by his regulatory approach, has seen its native token, XRP, soar. XRP Price Set For A Continued Rally According to the XRP/USD Analysis , the XRP price is experiencing a significant bullish breakout. This is evidenc...

Several leaders in the crypto space are criticizing the US Securities and Exchange Commission (SEC) and its Chair Gary Gensler for issuing non-fungible token (NFT) marketplace OpenSea with a Wells Notice . OpenSea’s CEO Devin Finzer shared in an Aug. 28 X post that the regulator warned the company of a potential enforcement action. It remains unclear whether the SEC will actually pursue legal action against OpenSea.  This is one of the few times the agency has considered labeling an NFT as an unregistered security. SEC Criticized For Its Ongoing Attack Against The Crypto Space Shortly after Finzer posted about the Notice on X, several industry leaders criticized the SEC for its continued attack against companies operating in the crypto space. The chief legal and policy officer at the Crypto Council for Innovation (CCI), Ji Kim, called the SEC’s assertion that NFT platforms should be considered securities exchanges “legally flawed” and “utterly r...

The Washington Reporter said Vice President Kamala Harris is likely to nominate Securities and Exchange Commission (SEC) Chair Gary Gensler for Treasury Secretary if elected, but senior politicians and analysts quickly questioned the reliability of its sources. The Washington Reporter   article cited ”multiple senior Senate staffers,” adding that their comments on Harris’s plan corroborated what top Republicans had also told the publication. But  Custodia Bank CEO Caitlin Long quickly dissed the story in an Aug. 19 post on X, saying that multiple Democrats had contacted her and told her the “rumor is false.”  OK, multiple Dems contacted me to say the “Gensler as Treasury Secretary” rumor is false. One thinks the source of the rumor is Gensler himself — (thinks he planted it just to mess with all of us…that sounds about right TBH)🤷‍♀️ https://t.co/nTRwq1Gafu — Caitlin Long ...

The SEC should fully approve Spot Ether ETFs by September, according to the regulator’s chairman Gary Gensler . The chair of the Securities and Exchange Commission told senators in a budget hearing that the applications to run ether spot ETFs should be finished by the end of the summer. The first round of Spot Ethereum ETF approvals came at the end of May 2024. The ETH ETF approvals were a surprise to the digital asset market as a whole. The SEC had long resisted the approval of the crypto-based exchange-trade product, despite the success of a Spot Bitcoin ETF following its January approval. Conversely, Gensler discussed the need for patience as the process is still ongoing. However, a tighter timetable has officially been made. Source: Ethereum World News Also Read: World’s Largest Bank Calls Bitcoin Gold and Ethereum ‘Digital Oil’ What’s Left Before The SEC Approves Ether ETFs? According to Gensler, all that remains for full Ether ETF approval are the re...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that the regulator has updated its approach to Bitcoin (BTC) ETFs. In an interview with CNBC, Gensler was asked about considering applications for spot Bitcoin ETFs. In response, the head of the regulator noted that the SEC is now considering “from eight to a dozen applications .” According to Gensler, the SEC has rejected several applications in the past, however, the regulator now appears to be changing course. “We’re taking a new look at this based upon those court rulings.” Gary Gensler, SEC Chairman News anchor Sarah Eisen asked if he was referring to the Grayscale case, with Gensler sidestepping the question saying that everything at the SEC is done “within the confines of the laws passed by Congress and how the courts interpret them.” You might also like: SEC may refuse Grayscale’s Bitcoin ETF despite court win While Gensler does not comment on the consideration of applicati...

Gary Gensler, Chair of the SEC, testified before a Senate Committee regarding his view on crypto and the regulator’s general oversight. On Sep. 12, the US Securities and Exchange Commission (SEC) Chair Gary Gensler appeared before a Senate Banking Committee chaired by Senator Sherrod Brown to testify on his commission’s regulatory oversight and Gensler’s stand on the crypto industry. Sen. Brown opened with scorching remarks about the crypto industry, noting that there are a few millions in losses every day caused by fraudsters and a lack of transparency. “The problems we saw at FTX are everywhere in crypto”, said Brown, referring to FTX’s $8 billion implosion in November 2022 due to risky bets and commingling of customer funds. When asked by the Senate Banking Committee Chair whether compliance with existing financial laws could save American investors from billions lost to crypto fraud, Gensler replied saying:  “If they were to live up to the investor protection b...

Also Read: Curve Finance Says it Will Refund Affected Users in Post-Hack Update advertisement Gemini Co-founder Slams Gary Gensler Reacting to the occasion of the token relisting on the platform, the Gemini co-founder Tyler Winklevoss heavily criticized Gensler for resorting to the anti-crypto enforcement actions. He remarked that clear rules were not provided at a time when the SEC was suing everyone. “$XRP is now available on Gemini. It is important to note how we got here. Instead of creating clear rules for crypto, the SEC has resorted to suing everyone. It lost its case against Ripple and a judge provided clarity when Gary Gensler wouldn’t. America deserves better.” XRP is available for trading with as many as seven fiat currencies USD, GBP, EUR, CAD, SGD, HKD, and AUD. Meanwhile, the XRP price is on a steady downward curve compared to the recent highs it reached following the Ripple lawsuit Summary Judgment on July 13, 2023, when...

Also Read: Binance Announces Support To Terra LUNA Mainnet Upgrade, Price Shoots 10% advertisement Interestingly, this will be the SEC Chair’s public talk just before his appearance before the Senate Appropriations Committee on Wednesday, July 19, 2023. He will be answering on the committee’s review of the fiscal year 2024 budget for the SEC. Gary Gensler Vs Crypto Gensler is popular for his strong anti-crypto stance and his persistence on the ‘come forward and comply’ approach of the US SEC. He is popular among crypto traders for his comments on all cryptocurrencies expect XRP being securities. Yet, the recent Ripple lawsuit judgment that had Judge Torres announcing that XRP was not a security could change a huge deal for the officials at the US SEC. Yahoo Finance journalist Jennifer Schonberger will be exclusively interviewing Gensler later on Monday. Meanwhile, the US SEC will be dealing with the series of spot Bitcoin ETF appl...