• 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…

  • Bill Miller investing BTC
    Bitcoin,  Commentary,  Cryptocurrencies,  Innovators,  Latin America,  Politics,  United States

    Our Weekly Bitcoin Review

    Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador

    In the cryptocurrency space,  no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop.  Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…

  • Miami mayor embraces bitcoin
    Bitcoin,  Cryptocurrencies,  Politics,  Regulation,  United States

    Politicians Preparing for The Crypto Future

    How Bitcoin is Changing The Economic-Political Landscape

    Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…

  • Jay Clayton’s Legacy SEC
    Bitcoin,  Cryptocurrencies,  Ethereum,  Regulation,  Ripple,  United States

    Jay Clayton’s Legacy at the SEC

    Will the Chairman be Remembered for Surrendering Crypto to China?

    So how will Jay Clayton be remembered? As the Chairman of the Securities and Exchange Commission during all of President’s Trump’s term, Clayton has notched major successes. But his record of supporting innovation is less impressive. And right now he stands at a crossroads. Jay Clayton has a chance to be remembered as the SEC Chairman who launched the next great wave of American financial technology. Or he can forever be recalled as the man who handed America’s crypto industry over to China.