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Tag Archives: Gary Gensler

ETH Price Close to $2,400, Ethereum’s Dencun Upgrade Live on Holesky Testnet with Mainnet Implementation Expected in March

CoinspeakerETH Price Close to $2,400, Ethereum’s Dencun Upgrade Live on Holesky Testnet with Mainnet Implementation Expected in March After launching on the Goerli and Sepolia testnets, the Ethereum Dencun upgrade is now live on Holesky in anticipation of a mainnent launch. ETH Price Close to $2,400, Ethereum’s Dencun Upgrade Live on Holesky Testnet with Mainnet Implementation Expected in March

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South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment

CoinspeakerSouth Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment Violators of crypto law in South Korea now risk receiving fines up to five times the amount of illegal funds, or life imprisonment. South Korea to Punish Violations of Crypto Law with Millions in Fines and Potential Life Imprisonment

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SEC Chair Gary Gensler Warns of ‘Far Too Many Frauds and Bankruptcies’ in Crypto Industry

Gensler disclosed that the SEC is actively reviewing rules that could potentially hurt the crypto industry. In a recent interview with CoinDesk, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), voiced his concerns regarding the crypto industry, noting that the space is rife with fraud and bankruptcies. The SEC chair said while he respects investors’ decision to explore the crypto market, he does not believe they receive adequate disclosures regarding...

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Coinbase (COIN) Stock Could Indicate Index Play for TradFi Institutions Looking for Crypto Exposure

The analyst said TradFi institutions trying to get into crypto, but are unsure how to begin, may use Coinbase stock to enter. According to the co-founder of research firm Reflexivity Research Will Clemente, shares of major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) could serve as an indicator for the crypto sector. Clemente says Coinbase shares could be an “index play” for traditional finance (TradFi) firms looking for a way into the industry. Clemente offered his opinion...

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Spot Bitcoin ETF Talks in Advanced Stage

The SEC has been asking prospective issuers to give well-detailed descriptions of their various spot Bitcoin ETF products. It appears that from here onwards,  there’s no going back on the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This follows after a recent Reuters report claimed that talks between the US Securities and Exchange Commission (SEC) and the asset manager applicants of the said ETFs have entered into a crucial stage. Anticipation Enters Top...

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Crypto Policies Take Center Stage at Republican Presidential Debate

The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users. The Republican presidential debate in Tuscaloosa, Alabama, on Wednesday, delved into cryptocurrency policies and regulation. Vivek Ramaswamy, who stood out for integrating crypto into his campaign, did not hesitate to address the industry’s challenges. In response to a query about his crypto policy, Ramaswamy referenced the recent legal turmoil...

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US to Delay Approval of Proposed Crypto Bills until Early 2024

Republicans had hoped to get US crypto legislation through the House in 2023. However, now 2024 seems to be a more likely period. The introduction of comprehensive regulatory frameworks for cryptocurrencies in the United States has taken an unexpected turn, with lawmakers now eyeing 2024 as the prospective timeline for House approval of the bill. After months of waiting for the potential green light on two proposed regulations aimed at policing stablecoin issuers and the entire crypto...

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Gary Gensler Is Believed to Be Politician Masquerading as Regulator

As a Democratic-affiliated SEC Commissioner, Gary Gensler has shifted his regulatory role to a politician seeking to be appointed as Treasury Secretary according to some Congressmen. The nomination of the 33rd Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler on April 17, 2021, was viewed as a huge relief in the crypto space. Nearly three years later, the former Goldman Sachs Investment banker has turned against the crypto in what seems like pleasing the...

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