garygensler

A new meme cryptocurrency, dubbed “GENSLER,” has skyrocketed in popularity following Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase. The coin, which is based on a photo of SEC Chairman Gary Gensler, has seen its price increase by more than 1000% in the past week.

The coin's creator, who uses the pseudonym "CryptoKitty," says he created the coin as a way to "troll" the SEC and "show the world that the cryptocurrency community is not afraid of regulation." He also says that he hopes the coin will raise awareness about the SEC crackdown on the cryptocurrency industry.

The popularity of the coin caught the attention of the SEC, with Gensler himself tweeting about the coin on Tuesday. In his tweet, Gensler warned investors about the risks of investing in meme coins, saying they are "highly volatile" and "there is no guarantee they will be worth anything in the future."

Despite Gensler's warning, GENSLER continues to trade at high prices At the time of writing, the coin is trading at around $0.00001042 per coin Whether the coin will be able to maintain its current price remains to be seen, but its popularity is a sign of growing tension between the cryptocurrency industry and regulators.

Here are some of the reactions to the GENSLER coin on social media:

"This is very funny."

"The SEC really is being fooled by a meme coin."

"This is a sign of the times."

"The cryptocurrency community is not afraid of regulation."

The GENSLER coin is a reminder of the growing tension between the cryptocurrency industry and regulators. How the SEC's actions will affect the future of the industry remains to be seen.

Image meme taken from the meme token website

This is not investment advice please do your own research and stay SAFU

#SEC #Memecoins #garygensler

A new political storm is brewing in Washington. House Republicans have launched an investigation into mysteriously deleted text messages from the tenure of former SEC Chairman Gary Gensler.

Shadows Over the SEC
House Financial Services Committee Chairman French Hill, in a letter to current SEC Chair Paul Atkins, pointed to a September report by the Office of Inspector General (OIG). The report suggested that under Gensler’s leadership between 2021 and 2025, the agency failed to uphold standards of integrity and compliance.
The missing messages cover a period when the SEC filed lawsuits against major crypto players – Coinbase and Binance. Critics argue their contents could have influenced the regulator’s enforcement strategy. Coinbase has even petitioned a federal court to mandate an “expedited proper search” for the deleted texts.

Double Standards and IT Failures
The letter, also signed by Representatives Ann Wagner, Dan Meuser, and Bryan Steil, accused Gensler of hypocrisy. In 2023, the SEC fined financial firms more than $400 million for failures in record-keeping – while its own automated and poorly designed IT policy erased part of its internal communications.
The OIG revealed that the flawed policy led to the deletion of Gensler’s government-issued phone records between October 2022 and September 2023. The loss was compounded by poor change management, lack of backups, ignored system alerts, and unpatched vendor software flaws. Lawmakers also recalled that Gensler had previously used a personal email for official communications while leading the SEC’s sister agency, the CFTC.

Crypto Industry Raises Alarm Over Targeted Campaign
For advocates of digital assets, the controversy is further proof that under Gensler and the Biden administration, the SEC pursued an “anti-crypto campaign.” They argue Gensler deliberately pushed firms out of the banking sector and pursued aggressive lawsuits that shaped the industry’s trajectory.
Meanwhile, the SEC’s own credibility has been questioned before. In January 2024, hackers seized control of its official X account and falsely announced approval of a spot Bitcoin ETF. It later emerged that the regulator had failed to implement two-factor authentication.

A Softer Tone Toward Digital Assets?
In sharp contrast, the SEC now appears to be signaling a softer approach. This week, the Division of Investment Management issued a letter stating that the agency would not recommend enforcement actions against advisors who use state trust companies for crypto custody.
Law firm Simpson Thacher & Bartlett also petitioned the SEC to confirm that venture capital and registered financial institutions could freely manage crypto assets without facing enforcement threats. This is the second letter from the SEC in one week signaling a hands-off approach – aligning with the Trump administration’s broader promise to ease regulatory pressure and attract crypto firms back to the United States.

#GaryGensler , #SEC , #CryptoNews , #USPolitics , #CryptoMarket

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The crypto world is buzzing with *excitement* after *Gary Gensler* stepped down from his role as *Chairman of the SEC*, especially in the *XRP community*. But before you get too carried away with the celebrations, let's break down *what this really means* and the *catch* behind it.

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*What Happened? 🤔*

Gary Gensler's *exit* has been a topic of much discussion, particularly within the *Ripple (XRP) community*. Many are seeing this as a *win* for XRP holders, as Gensler was a significant figure in the *SEC lawsuit* against Ripple. His departure has led to some *optimism* that the lawsuit might finally see a resolution in Ripple’s favor. 🎉

However, *don’t get too excited just yet*. While his exit may seem like a *positive development*, the *XRP lawsuit* is still ongoing, and it will take more than just Gensler stepping down for the tides to turn in Ripple’s favor.

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*The Catch: The Legal Battle Continues ⚖️*
Even though Gensler’s exit is seen as a victory for the *Ripple community*, *the lawsuit* against *Ripple Labs* and *XRP* remains unresolved. Ripple is still fighting the SEC's claims that it sold XRP as an *unregistered security*. Gensler’s departure doesn’t automatically *dismiss the case* or *alter the legal standing*.

*Key points to keep in mind:*
- *The SEC’s stance* on XRP remains the same despite Gensler’s exit. A new SEC chair would still need to make decisions regarding the case.
- Ripple’s legal team has been *making progress* and fighting hard, but the outcome is still uncertain.
- The *XRP community* is hoping for a *settlement* or a *favorable court ruling* that could *clear XRP’s regulatory standing*.

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*Current Price: XRP at 3.056 📊*

At the time of writing, *XRP* is trading at *3.056*, showing some *bullish momentum*. This price action is likely driven by *the news of Gensler’s departure*, along with *general optimism* about the future of the lawsuit. However, don’t be fooled—*the legal uncertainty* still poses significant risks for XRP's price in the short term.

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*Predictions and Analysis 🔮*

*Short-Term Predictions:*
- *Volatility is expected*: XRP might experience *increased volatility* in the coming weeks, with *big price swings* as news develops.
- *Positive sentiment*: If the market continues to view Gensler’s departure as a sign of relief for Ripple, we might see *price spikes* as more investors pile into XRP.
- *Resistance*: Keep an eye on the *$3.50 resistance level*. If XRP breaks above this, it could continue to rally higher.

*Long-Term Outlook:*
- *Long-term holders* should watch out for any major legal updates. A *favorable ruling* for Ripple could send the price much *higher*, possibly breaking into new price territory.
- *Negative ruling*: If the court sides with the SEC, XRP could face another *sharp drop*, especially since *uncertainty* would likely linger for quite some time.

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*Conclusion: 🎉 Optimism, But Caution Ahead*

While *Gensler’s exit* is certainly *good news* for the XRP community, the *lawsuit is far from over*. Investors should be cautious and *prepare for the long haul*, as the outcome of the case is still in the hands of the courts. Keep an eye on updates from Ripple’s legal team and the SEC to gauge how this plays out.

In the meantime, XRP might continue to show *upward momentum* as the news drives bullish sentiment. Just be sure to *manage your risk* and stay updated on any new developments. 📈
$XRP
$XLM

#GaryGensler #XRPCommunity #CryptoUpdates #XRPPriceAnalysis #cryptocurrency

ark Uyeda, Commissioner in the U.S. Securities and Exchange Commission (SEC), says it's time to stop what he calls the SEC's “war on crypto.” Uyeda, who could soon replace current SEC Chair Gary Gensler, believes that the SEC’s tough stance on crypto is unfair. He argues that the agency often takes legal action against crypto companies for not registering properly, even when there’s no fraud or harm involved. Many in the crypto world agree and have spent millions trying to fight the SEC’s strict approach.
With Donald Trump’s recent election win, the crypto industry is hoping for a shift in government policy. Trump has promised to support digital assets, even suggesting he’ll create a national Bitcoin reserve. If these changes go through, pro-crypto leaders like Uyeda or Hester Peirce might lead the SEC, possibly softening the agency’s rules and helping the crypto market grow.
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A Bold Statement from Ripple CEO Brad Garlinghouse 💥

The cryptocurrency world is boiling over! Following Donald Trump’s surprising election victory, crypto industry representatives are demanding consequences. Leading the charge is Ripple CEO Brad Garlinghouse, who has now made a bold call: Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), must go.

In a direct X-post, Garlinghouse congratulates the newly elected 47th president and lays out a to-do list for Trump’s first 100 days in office. His top priority? “Fire Gensler – on Day One!” 🚀 The message is clear: the long-running legal battle between Ripple and the SEC needs to end, and Garlinghouse sees a fresh opportunity for a new era of crypto regulation in the U.S.
SEC and Ripple: An Ongoing Battle ⚖️
The conflict between Ripple and the SEC has simmered for years, with the SEC labeling Ripple’s token, XRP, as a security and launching corresponding lawsuits. However, a recent ruling by a U.S. federal judge determined that XRP is not a security, a decision Garlinghouse addressed pointedly in an interview: “The SEC is acting outside the law.” 🎤
Garlinghouse’s Picks for New SEC Leadership 🧑‍⚖️
Garlinghouse didn’t stop at calling for Gensler’s removal; he suggested three potential replacements for the SEC leadership: Giancarlo, Brooks, or Gallagher – all of whom he believes would “restore the rule of law and the SEC’s reputation.”
XRP Price: A Modest Rise After Trump Victory 📈
At the time of writing, XRP stands at $0.548, reflecting a 5.84% increase over the previous week. Despite the political upheaval, the impact on XRP’s price remains limited. However, the Ripple community is hopeful for a swift shift toward crypto-friendly regulatory policies.
Regulatory Clarity and a New Project: Ripple USD 💡
Garlinghouse’s final recommendation to Trump is to host a bipartisan dinner to push the “Digital Asset Market” bill forward in the Senate. Clear regulations could empower not only XRP but the entire altcoin market. Meanwhile, Ripple has new ventures in the works: the recent announcement of its stablecoin “Ripple USD” aims to further energize the market.

#Ripple💰 #GaryGensler #Xrp🔥🔥 #Trump2024 #CryptoRevolution