• Regulation,  United States

    Is Gary Gensler’s Bark Worse Than His Bite?

    Chairman seeks greater authority, but Americans—and a Connecticut jury—aren’t convinced

    SEC Chairman Gary Gensler thinks investors needs more protection when it comes to Crypto, telling a key Senate committee recently that when it comes to financing, issuing, lending or trading Crypto, more is better when it comes to Crypto regulation. Following his testimony, Gensler characterized U.S. securities laws in a way that brings to mind the wide nets that industrial fishing trawlers use to snare vast numbers of tuna on the open seas. And if you happen to be pondering a foray into the staking arena be warned, he said, because lending products are likely to fall under the purview of the Twin Towers of SEC authority:  The 1933 Securities…

  • Biden Gensler run SEC
    Cryptocurrencies,  Politics,  Regulation

    Biden makes it official: Gary Gensler will run SEC

    The MIT professor spearheading crypto and finance collaboration will lead the Securities and Exchange Commission, President-elect Joe Biden confirmed

    In a Jan. 18 announcement, the Biden Transition Team highlighted Gensler’s history of leading financial markets reform going back more than 20 years. This included two years as senior advisor to Sen. Paul Sarbanes (D-MD) in writing the Sarbanes-Oxley Act, a major financial reform bill that came in the wake of a number of major financial scandals, including Enron.

  • Gary Gensler at the SEC
    Cryptocurrencies,  Regulation,  Ripple,  XRP

    Gary Gensler at the SEC: Will he be a friend to the crypto industry?

    Although he’s written passionately about digital assets in the past, he’s previously said that most cryptocurrencies sold through ICOs are securities

    If appointed, his tenure at the SEC would likely be considerably different than Jay Clayton’s, whose legacy has been tainted by a considerable lack of regulatory certainty surrounding digital assets—much to the exasperation of the cryptocurrency innovators and investors, as well as some regulators like SEC Commissioner Hester “Crypto Mom” Peirce.

  • Gary Gensler to head SEC
    Bitcoin,  Regulation,  Ripple

    MIT blockchain prof Gary Gensler to head SEC: Report

    Citing two sources, Reuters is claiming that the Biden administration intends to appoint the former CFTC commissioner to head the Securities and Exchange Commission

    An SEC chairman who understands and appreciates the potential of blockchain and cryptocurrencies would likely be a huge improvement over the recently departed SEC chairman Jay Clayton, who has been a staunch opponent of allowing bitcoin exchange traded funds, often citing rampant market manipulation.