• 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.

  • SEC Commissioner Hester Peirce speaking at New York University, March 26, 2018 (photo by Lawrence Lewitinn for Modern Consensus).
    United States

    Crypto Mom says SEC takes nanny state approach

    SEC Commissioner Hester Peirce thinks regulatory overreach is hindering cryptocurrency innovation

    Hester Peirce doesn’t want the government to protect you from dumb cryptocurrency investments. Speaking at a taping of Laura Shin’s Unchained podcast at NYU’s Stern School of Business on March 26, the Securities and Exchange Commission’s “Crypto Mom”—a nickname she picked up after dissenting from the commission’s June 2018 decision not to approve a cryptocurrency exchange traded fund (ETF)—expressed a belief that her agency should be focused on protecting securities investors from fraud, not hindering speculation.

  • Where the magic happens: The Securities and Exchange Commission's Washington, DC headquarters (via Shutterstock).
    United States

    As attempts to win ETF approval continue, US regulators remain cautious

    Comments by SEC commissioners suggest cryptocurrency industry has work cut out to get exchange traded fund approved

    Last week, two leaders of the Securities and Exchange Commission addressed the issue of cryptocurrency regulations, and the main takeaways were that while the approval of exchange traded funds and clarification of initial coin offering rules was likely to happen, it’s not likely to be anytime soon.