Congress attempts to curb SEC’s overreach as chair Gensler shows interest in reviving FTX
In a recent congressional session, Minnesota Representative Tom Emmer openly criticized the Biden Administration and SEC Chair Gary Gensler, as the U.S. House greenlit his amendment to control SEC enforcement abuses against the digital asset industry. This occurred as Gensler expressed willingness to the revival of the defunct crypto exchange FTX, contingent on legal compliance. […]
Bitcoin inches towards $37K amid SEC’s discussions with Grayscale over ETF
The world’s largest cryptocurrency, Bitcoin, is on a roll, nearing the $37,000 mark, following a surge of nearly 4% over the last 24 hours. The uptick is driven by speculation around the conversion of spot Bitcoin ETF, which could attract significant institutional investment. Bloomberg ETF research analysts, Eric Balchunas and James Seyffart, have previously indicated […]
CFTC takes charge in crypto enforcement, overpowers SEC in digital asset regulation
The Commodity Futures Trading Commission (CFTC) has declared itself a leading authority in crypto enforcement, surpassing previous records with a significant number of cases this fiscal year. The CFTC has taken unprecedented steps in policing the digital asset market during the fiscal year 2023. The agency initiated 47 actions related to digital asset commodities, accounting […]
Crypto lawyer foresees 90% chance of victory for Ripple in SEC battle
John Deaton, a well-known crypto lawyer, has predicted a major win for Ripple in its ongoing lawsuit with the US Securities and Exchange Commission (SEC). Deaton expressed confidence in Ripple’s odds of victory, estimating a 90% chance of success in the legal battle against the SEC. He also stated that a settlement under $20 million […]
SEC struggles to hire crypto experts amid asset ownership rules
The U.S. Securities and Exchange Commission (SEC) is reportedly having difficulties recruiting cryptocurrency professionals due to agency rules around personal digital asset holdings. The SEC’s Office of Inspector General disclosed that candidates’ unwillingness to sell their cryptocurrency holdings has been a significant obstacle in the hiring process. “Many qualified candidates hold crypto assets, which the […]
Legislation proposed to slash SEC chair’s salary to mere $1 annually
A new legislative amendment aiming to reduce the salary of Securities and Exchange Commission (SEC) Chair, Gary Gensler, to just $1 per year has been proposed by a U.S. lawmaker. The proposed amendment to the Financial Services and General Government (FSGG) bill, put forward by Rep. Tim Burchett, is part of a broader initiative to […]
All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story Following a fortnight of bullish progress driven by […]
Terraform Labs and Do Kwon seek dismissal of SEC lawsuit
Do Kwon, co-founder of the now-defunct Terraform Labs, has petitioned a U.S. district judge to dismiss the fraud and securities lawsuit filed against him and his company by the Securities and Exchange Commission (SEC). Kwon and Terraform Labs argue that the SEC has failed to substantiate their accusations following a lengthy investigation and discovery phase. […]
All-In-One Crypto Newsletter: Milkroad, Defiant, Messari, Bankless And CoinDesk
Welcome to The Wise Guy, Where we take cryptocurrency seriously, but we also know how to have a good time. That’s why we’ve curated the crème de la crème from not one, not two, but FIVE newsletters. MilkRoad, Defiant, Messari, Bankless, and CoinDesk Node. Defiant’s Top Story LayerZero Deploys stETH Bridge Without Approval From Lido […]
SEC Gary Gensler confirms in review of Spot Bitcoin ETF applications; approval anticipated
The US Securities and Exchange Commission (SEC) is currently reviewing eight to ten applications for spot Bitcoin ETFs. This was confirmed by SEC Chair Gary Gensler, sparking speculation that approval may be imminent. Gensler explained that these applications could potentially come before the five-member commission. He refrained, however, from providing a specific timeline or pre-judging […]