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.
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Anchorage wins crypto’s first national bank charter
The cryptocurrency custodian says its federal bank status will provide Wall Street and institutional investors an extra level of comfort in jumping into digital
The conditional approval of Anchorage’s national trust charter application “makes Anchorage Digital Bank National Association the first federally chartered digital asset bank in history,” said Anchorage CEO Nathan McCauley and President Diogo Mónica. “This is a major milestone, not only for us as an organization, but also for the crypto industry and the wider financial world. Crypto deserves a bank," they said.
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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.
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In wake of indictments, BitMEX completes user verification program
The cryptocurrency derivatives exchange began putting an anti-money-laundering program in place for all of its users following the indictment of several executives, including former CEO Arthur Hayes
The Seychelles-based exchange has been under severe pressure since the Oct. 1 indictment, when the four executives were charged with violating the Bank Secrecy Act by failing to put an acceptable user identity verification program in place.