• 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.

  • SEC elevates stature of FinHub
    Regulation

    SEC elevates stature of FinHub innovation unit

    The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology is now a stand-alone division, giving newly minted director Valerie Szczepanik more influence

    SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”

  • Biden impact on Bitcoin
    Bitcoin,  People,  Politics

    U.S. election: How will Biden’s win affect Bitcoin?

    Crypto experts say it doesn’t matter what the 77-year-old thinks about digital assets—instead, we should focus on who he appoints to key positions

    he question now is where Biden’s ascension to the Oval Office leaves Bitcoin. Will the presumed Democratic president-elect adopt a less hostile attitude toward digital assets than Donald Trump, who publicly declared that he was “not a fan” of cryptocurrencies? And will his new administration pursue a central bank digital currency (CBDC) with greater urgency than the U.S. Treasury under Steven Mnuchin, who said a digital dollar wasn’t needed until 2025?

  • Rya W. Zobel
    Bitcoin,  Cryptocurrencies,  Ethereum,  Opinion,  Regulation,  Ripple,  United States,  XRP

    Judge rules ‘virtual currencies’ are commodities

    Regulatory waters clear as mud

    On October 3, 2018, the U.S. Commodity Futures Trading Commission (CFTC) issued a statement saying that Judge Rya W. Zobel of the U.S. District Court for the District of Massachusetts declared “virtual currencies” are commodities. The order coming from Judge Zobel is one of several rulings and statements that have gripped the crypto-sphere over the last year or so as digital asset creators, their investors, exchanges, and various companies and organizations attempt to gain clarity over whether their distribution, purchase and selling, and use of digital assets is legal in the United States. Unfortunately, the ruling from Judge Zobel and subsequent statement from the CFTC only seems to muddy the waters…