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.
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.
Ripple sued by investor in wake of SEC’s XRP lawsuit
Asset manager Tetragon Financial Group is demanding Ripple buy back its investment as a result of the Securities and Exchange Commission’s claim that XRP is an unregistered security
In December 2019, asset manager Tetragon Financial Group led Ripple’s $200 million Series C investment round. Now, it is seeking to enforce a contractual provision to back out of its investment, Ripple said in a public statement on Jan. 5.
XRP investors sue SEC, demanding damages
The lawsuit seeks to force the Securities and Exchange Commission to declare that XRP held by non-Ripple investors is not a security, and accuses former SEC chairman Jay Clayton of personal hostility
Seeking class action status, the petitioners have asked the court to force the SEC to place any funds it receives from its own lawsuit against Ripple and two top executives in a trust for individual retail investors harmed by the agency's action.