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š¢ SEC Alert! šØ
Former SEC Chair Gensler sends a major signal to the crypto world, stating that all crypto assets are highly risky and speculativeāEXCEPT Bitcoin ($BTC ), which he views as distinct.1 š§
Is this the regulatory clarity the market has been waiting for? Or just a strong word of caution?
What does this mean for your portfolio? Bitcoin's status as the potential outlier is a key discussion point! š
Trade BTC and other assets securely on Binance. But remember to DYOR (Do Your Own Research) and understand the risks!
#bitcoin #CryptoNews #Regulation #Gensler #Binance
Former SEC Chair Gensler sends a major signal to the crypto world, stating that all crypto assets are highly risky and speculativeāEXCEPT Bitcoin ($BTC ), which he views as distinct.1 š§
Is this the regulatory clarity the market has been waiting for? Or just a strong word of caution?
What does this mean for your portfolio? Bitcoin's status as the potential outlier is a key discussion point! š
Trade BTC and other assets securely on Binance. But remember to DYOR (Do Your Own Research) and understand the risks!
#bitcoin #CryptoNews #Regulation #Gensler #Binance
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Gensler reaffirms the uniqueness of Bitcoin while other cryptotokens remain under scrutiny
15:30 āŖ 5 min read
Former SEC Chairman Gary Gensler reignited the debate over digital assets in an interview with Bloomberg, stating that Bitcoin stands out from the rest of the cryptocurrency market. He warned that most tokens remain speculative bets with little backing to their valuations, which has encouraged investors to be cautious.
In brief
Gensler claims that Bitcoin stands out and that most tokens rely on speculation without solid backing or clear economic support.
Stablecoins linked to the US dollar are considered the only assets with consistent support, raising doubts about other tokens.
The request submitted to Gensler included significant actions aimed at platforms accused of operating without registration.
He rejects any partisan approach, stating that oversight of cryptocurrencies focuses on fair markets and equal access for everyday investors.
Former SEC official highlights the persistent risks of tokens that are not Bitcoin
Gensler explained that Bitcoin functions more like a commodity, while most other cryptocurrencies still lack solid fundamentals or clear returns. He added that global enthusiasm around cryptocurrencies has often outpaced prudent analysis. Therefore, this leaves many buyers exposed when markets become volatile.
The former SEC director urged investors to consider what underpins the value of tokens other than Bitcoin. According to him, only a small group of stablecoins linked to the US dollar can claim clear backing.
$BTC
$SENTIS
$XRP
#Gensler
15:30 āŖ 5 min read
Former SEC Chairman Gary Gensler reignited the debate over digital assets in an interview with Bloomberg, stating that Bitcoin stands out from the rest of the cryptocurrency market. He warned that most tokens remain speculative bets with little backing to their valuations, which has encouraged investors to be cautious.
In brief
Gensler claims that Bitcoin stands out and that most tokens rely on speculation without solid backing or clear economic support.
Stablecoins linked to the US dollar are considered the only assets with consistent support, raising doubts about other tokens.
The request submitted to Gensler included significant actions aimed at platforms accused of operating without registration.
He rejects any partisan approach, stating that oversight of cryptocurrencies focuses on fair markets and equal access for everyday investors.
Former SEC official highlights the persistent risks of tokens that are not Bitcoin
Gensler explained that Bitcoin functions more like a commodity, while most other cryptocurrencies still lack solid fundamentals or clear returns. He added that global enthusiasm around cryptocurrencies has often outpaced prudent analysis. Therefore, this leaves many buyers exposed when markets become volatile.
The former SEC director urged investors to consider what underpins the value of tokens other than Bitcoin. According to him, only a small group of stablecoins linked to the US dollar can claim clear backing.
$BTC
$SENTIS
$XRP
#Gensler
Will US Crypto Foe Gary Gensler Remain SEC Chair? When is the Change?
#SECCryptoRegulation #gensler
Investment bank TD Cowen's research group noted that the latest approval of #Ethereum #ETFsā is an expected development following the approval of #Bitcoinā ETFs earlier this year.
The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.
āAfter the SEC approved crypto futures ETFs, this decision was inevitable,ā Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a ābasket of crypto tokensā within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.
However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a āhighly criticalā statement opposing the adoption of crypto legislation that could diminish his agency's power.
Investment bank TD Cowen's research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year.
The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.
āAfter the SEC approved crypto futures ETFs, this decision was inevitable,ā Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a ābasket of crypto tokensā within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.
However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a āhighly criticalā statement opposing the adoption of crypto legislation that could diminish his agency's power.
Gensler said:
āThe crypto industry's track record of failures, scams, and bankruptcies is not because we don't have rules, or because the rules are unclear.
āThis is because many investors in the crypto industry do not play by the rules.ā
Despite potential setbacks for Gensler's agency, TD Cowen predicts the SEC will maintain its Democratic majority through 2026. The research group expects the agency to continue taking action against crypto trading platforms that trade tokens believed to be unregistered securities.
Investment bank TD Cowen's research group noted that the latest approval of #Ethereum #ETFsā is an expected development following the approval of #Bitcoinā ETFs earlier this year.
The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.
āAfter the SEC approved crypto futures ETFs, this decision was inevitable,ā Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a ābasket of crypto tokensā within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.
However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a āhighly criticalā statement opposing the adoption of crypto legislation that could diminish his agency's power.
Investment bank TD Cowen's research group noted that the latest approval of Ethereum ETFs is an expected development following the approval of Bitcoin ETFs earlier this year.
The approval, which came nearly six months earlier than expected, was seen as inevitable after the SEC approved Ethereum Futures ETFs.
āAfter the SEC approved crypto futures ETFs, this decision was inevitable,ā Jaret Seiberg, a member of TD Cowen's Washington Research Group, said in a note Thursday. He also predicted that the next product could be a ābasket of crypto tokensā within a year, possibly consisting of just Bitcoin and Ethereum, but potentially more.
However, the approval does not indicate a change in the SEC's overall attitude towards crypto, according to analysts. Gary Gensler, the agency's crypto-critical president, issued a āhighly criticalā statement opposing the adoption of crypto legislation that could diminish his agency's power.
Gensler said:
āThe crypto industry's track record of failures, scams, and bankruptcies is not because we don't have rules, or because the rules are unclear.
āThis is because many investors in the crypto industry do not play by the rules.ā
Despite potential setbacks for Gensler's agency, TD Cowen predicts the SEC will maintain its Democratic majority through 2026. The research group expects the agency to continue taking action against crypto trading platforms that trade tokens believed to be unregistered securities.
šØ Gensler on Bitcoin:
āBitcoin may persist for a very long time because thereās 7 billion people around the globe with real keen interest in it.ā
Even skeptics are acknowledging its staying power.
#Bitcoin #Crypto #Gensler #DigitalAssets $BTC
āBitcoin may persist for a very long time because thereās 7 billion people around the globe with real keen interest in it.ā
Even skeptics are acknowledging its staying power.
#Bitcoin #Crypto #Gensler #DigitalAssets $BTC
š£ SEC Chairman Gensler weighs in on approving more token ETFs
Gensler cites lack of investor protection in crypto markets amid ETF discussion.
SECās Chairman Gary Gensler was questioned today on CNBCās Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the showās hosts, highlighted how multiple tokens registered millions in trading volume āthis very morning,ā and questioned if the US shouldnāt have āsome sort of productsā to capture this volume.
š¬ āLet me say something more broadly about crypto markets: right now, without pre-judging anyone, these tokens, whether the ones Jim listed or other tokens, have not given you the disclosures that not only do you need to make your investment decisions, but also are required by the law,ā said Gensler.
He adds that the SECās role is to guarantee investors have disclosure and that exchanges are properly regulated to prevent fraud, market manipulation, and avoid trading against their customers.
š¬ āAnd these crypto exchanges, Jim, are doing things we would never allow this New York Stock Exchange to do. Our laws donāt allow you to trade against your customers.ā
Furthermore, Gensler mentions bankruptcy cases in crypto. Although he doesnāt name specific companies or their former executives, the SEC Chairman hints that his remarks apply to Do Kwon, former Terraform Labsā CEO, who is facing an extradition case after being arrested in Montenegro.
š¬ āSome of the leading lights in this field are either in jail, or about to go to jail, or waiting for extradition [ā¦] Itās a suboptimal situation for investors. You are investing in a field right now that you are not getting the proper disclosure,ā concludes Gensler on the next crypto ETFs topic.
#gensler
Gensler cites lack of investor protection in crypto markets amid ETF discussion.
SECās Chairman Gary Gensler was questioned today on CNBCās Squawk on the Street about the possible approval of exchange-traded funds (ETF) indexed to tokens such as Osmosis (OSMO) and Bonk (BONK) in the US. Jim Cramer, one of the showās hosts, highlighted how multiple tokens registered millions in trading volume āthis very morning,ā and questioned if the US shouldnāt have āsome sort of productsā to capture this volume.
š¬ āLet me say something more broadly about crypto markets: right now, without pre-judging anyone, these tokens, whether the ones Jim listed or other tokens, have not given you the disclosures that not only do you need to make your investment decisions, but also are required by the law,ā said Gensler.
He adds that the SECās role is to guarantee investors have disclosure and that exchanges are properly regulated to prevent fraud, market manipulation, and avoid trading against their customers.
š¬ āAnd these crypto exchanges, Jim, are doing things we would never allow this New York Stock Exchange to do. Our laws donāt allow you to trade against your customers.ā
Furthermore, Gensler mentions bankruptcy cases in crypto. Although he doesnāt name specific companies or their former executives, the SEC Chairman hints that his remarks apply to Do Kwon, former Terraform Labsā CEO, who is facing an extradition case after being arrested in Montenegro.
š¬ āSome of the leading lights in this field are either in jail, or about to go to jail, or waiting for extradition [ā¦] Itās a suboptimal situation for investors. You are investing in a field right now that you are not getting the proper disclosure,ā concludes Gensler on the next crypto ETFs topic.
#gensler
šØ GARY HAS GONE BITCOIN MAXI
š¢ Ex-SEC Chair Gary Gensler says: ā#Bitcoin may persist for a long timeā
š But questions the future of the rest of cryptoā¦
š With altcoin ETFs on the way ā is he right or just holding on?
$BTC #Crypto #Gensler #BitcoinMaxi
š¢ Ex-SEC Chair Gary Gensler says: ā#Bitcoin may persist for a long timeā
š But questions the future of the rest of cryptoā¦
š With altcoin ETFs on the way ā is he right or just holding on?
$BTC #Crypto #Gensler #BitcoinMaxi
2019: Gary Gensler Applies to serve as an advisor to Binance.
2023: Gensler says #crypto is all "hucksters, fraudsters, scam artists."
When you can beat them join them , when you canāt join them sue them. #Binance #crypto2023 #sec #gensler
2023: Gensler says #crypto is all "hucksters, fraudsters, scam artists."
When you can beat them join them , when you canāt join them sue them. #Binance #crypto2023 #sec #gensler
Ripple CEO Delivers Defiant Message About the Future Of Crypto
#Ripple š
October 15 | Washington, D.C.
In a statement that made headlines in the financial sector, Brad Garlinghouse, CEO of Ripple Labs, asserted that the United States will not return to the āhostile, anti-technology environmentā that characterized Gary Gensler's regulatory era at the helm of the SEC. During an interview at the DC Blockchain Summit, Garlinghouse firmly stated that political change in Washington and the growing importance of digital innovation are redefining the relationship between the government and the crypto industry.
š In a defiant tone, Garlinghouse recalled the years of legal battles with the SEC, which sought to classify the XRP token as an unregistered security, a process that Ripple ultimately won in part in court. āThat phase of persecution is over. The future is built through dialogue, not lawsuits,ā he declared. His words come at a key moment, when the new US political and economic leadership appears to be leaning toward a more pragmatic pro-crypto policy, driven by the need to maintain global competitiveness against Asia and Europe.
According to the CEO, Ripple is expanding its institutional operations and exploring new partnerships with banks and financial institutions, especially in the field of cross-border payments. In his vision, blockchain infrastructure is no longer a promise, but an inevitable financial pillar. Garlinghouse also celebrated the fact that influential figures in Congress are pushing bills āthat finally understand how the technology works, rather than treating it as a threat.ā
The political backdrop is no small matter: the current administration seeks to attract technological innovation and private capital, while financial giantsāfrom BlackRock to JPMorganāare integrating blockchain-based solutions. Garlinghouse stated that āthe regulatory pendulum has swung toward common sense,ā a phrase that resonated with attendees as a symbol of a changing era.
However, not everyone shares his optimism. Some analysts warn that the coming months could bring an intense legislative struggle before the final regulatory framework for digital assets is defined. Even so, the market tone reflects hope: the XRP token rose 4% after his remarks, driven by the renewed climate of confidence.
Topic Opinion:
The time of regulatory hostility is over. Dialogue, innovation, and cooperation are now the true drivers of global financial development. But I also believe that this new chapter will require maturity and transparency from projects. It's not enough to celebrate openness: we must demonstrate that the industry has learned from its mistakes.
š¬ Do you agree with Garlinghouse that the US has left its toughest crackdown on cryptocurrencies behind?
Leave your comment...
#Ripple #xrp #Gensler #BradGarlinghouse #CryptoNews $XRP
$BNB
In a statement that made headlines in the financial sector, Brad Garlinghouse, CEO of Ripple Labs, asserted that the United States will not return to the āhostile, anti-technology environmentā that characterized Gary Gensler's regulatory era at the helm of the SEC. During an interview at the DC Blockchain Summit, Garlinghouse firmly stated that political change in Washington and the growing importance of digital innovation are redefining the relationship between the government and the crypto industry.
š In a defiant tone, Garlinghouse recalled the years of legal battles with the SEC, which sought to classify the XRP token as an unregistered security, a process that Ripple ultimately won in part in court. āThat phase of persecution is over. The future is built through dialogue, not lawsuits,ā he declared. His words come at a key moment, when the new US political and economic leadership appears to be leaning toward a more pragmatic pro-crypto policy, driven by the need to maintain global competitiveness against Asia and Europe.
According to the CEO, Ripple is expanding its institutional operations and exploring new partnerships with banks and financial institutions, especially in the field of cross-border payments. In his vision, blockchain infrastructure is no longer a promise, but an inevitable financial pillar. Garlinghouse also celebrated the fact that influential figures in Congress are pushing bills āthat finally understand how the technology works, rather than treating it as a threat.ā
The political backdrop is no small matter: the current administration seeks to attract technological innovation and private capital, while financial giantsāfrom BlackRock to JPMorganāare integrating blockchain-based solutions. Garlinghouse stated that āthe regulatory pendulum has swung toward common sense,ā a phrase that resonated with attendees as a symbol of a changing era.
However, not everyone shares his optimism. Some analysts warn that the coming months could bring an intense legislative struggle before the final regulatory framework for digital assets is defined. Even so, the market tone reflects hope: the XRP token rose 4% after his remarks, driven by the renewed climate of confidence.
Topic Opinion:
The time of regulatory hostility is over. Dialogue, innovation, and cooperation are now the true drivers of global financial development. But I also believe that this new chapter will require maturity and transparency from projects. It's not enough to celebrate openness: we must demonstrate that the industry has learned from its mistakes.
š¬ Do you agree with Garlinghouse that the US has left its toughest crackdown on cryptocurrencies behind?
Leave your comment...
#Ripple #xrp #Gensler #BradGarlinghouse #CryptoNews $XRP
$BNB
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Senator Lummis harshly criticizes Gensler! š£ļøāļø
Pro-crypto Senator Cynthia Lummis has publicly criticized Gary Gensler's recent testimony (chairman of the SEC). She accused him of "stifling innovation" and "dodging direct questions" from Congress.
Lummis reiterated her call for Congress to pass her bipartisan bill, which seeks to give the CFTC (the most friendly agency) primary jurisdiction over digital commodities like Bitcoin.
#Regulacion #SEC #Gensler #CFTC #CongresoEEUU $BTC
$XRP
$ETH
Pro-crypto Senator Cynthia Lummis has publicly criticized Gary Gensler's recent testimony (chairman of the SEC). She accused him of "stifling innovation" and "dodging direct questions" from Congress.
Lummis reiterated her call for Congress to pass her bipartisan bill, which seeks to give the CFTC (the most friendly agency) primary jurisdiction over digital commodities like Bitcoin.
#Regulacion #SEC #Gensler #CFTC #CongresoEEUU $BTC
$XRP
$ETH
See original
Ripple CLO Questions SEC's Use of Taxpayer Money for Unlawful Enforcement Actions.
Ripple Chief Legal Officer Stuart Alderoty recently criticized the way the US Securities and Exchange Commission (SEC) spends taxpayer money.
He expressed concern that the SEC's actions could hinder important growth sectors within the economy.
This stance triggered widespread criticism among industry stakeholders and lawmakers.
Ripple's Legal Officer questioned the SEC's regulatory efforts and use of taxpayer money, sparking a broader industry debate.
Ripple's Legal Officer Stuart Alderoty Launches New Criticisms of the SEC
Ripple's Chief Legal Officer Stuart Alderoty openly questioned how the SEC was using taxpayer money for wrongful enforcement actions. āOnce again, I wonder how much taxpayer dollars were wasted in Gensler's attempts to go beyond the SEC's legal limits?ā Alderoty wrote. said. These statements, made on social media, intensified industry scrutiny of the SEC's regulatory practices.
Comprehensive Industry Analysis and Legal Framework
The SEC's strict regulatory approach has been a subject of debate among various industry stakeholders. This disagreement was further highlighted by the Fifth Circuit Court of Appeals' recent decision invalidating private fund investors' requests to provide detailed information. If the decision was concluded in favor of the SEC, it would have significant impacts on the crypto and artificial intelligence sectors. Various industry leaders argue that such regulations can hinder innovation and growth.
šš #ripple #xrp #sec #gensler $XRP
Ripple Chief Legal Officer Stuart Alderoty recently criticized the way the US Securities and Exchange Commission (SEC) spends taxpayer money.
He expressed concern that the SEC's actions could hinder important growth sectors within the economy.
This stance triggered widespread criticism among industry stakeholders and lawmakers.
Ripple's Legal Officer questioned the SEC's regulatory efforts and use of taxpayer money, sparking a broader industry debate.
Ripple's Legal Officer Stuart Alderoty Launches New Criticisms of the SEC
Ripple's Chief Legal Officer Stuart Alderoty openly questioned how the SEC was using taxpayer money for wrongful enforcement actions. āOnce again, I wonder how much taxpayer dollars were wasted in Gensler's attempts to go beyond the SEC's legal limits?ā Alderoty wrote. said. These statements, made on social media, intensified industry scrutiny of the SEC's regulatory practices.
Comprehensive Industry Analysis and Legal Framework
The SEC's strict regulatory approach has been a subject of debate among various industry stakeholders. This disagreement was further highlighted by the Fifth Circuit Court of Appeals' recent decision invalidating private fund investors' requests to provide detailed information. If the decision was concluded in favor of the SEC, it would have significant impacts on the crypto and artificial intelligence sectors. Various industry leaders argue that such regulations can hinder innovation and growth.
šš #ripple #xrp #sec #gensler $XRP
šØ Crypto Shockers: SEC Text Wipe, Rule Shake-Up & Token Clarity! šØ
Crypto regulator drama! The SEC accidentally wiped nearly a yearās worth of Gary Genslerās text messages due to a botched IT policyākey data on enforcement actions may be lost forever.
Regulatory turn incoming! SEC Chair Paul Atkins has unveiled a bold regulatory agenda proposing crypto safe harbors, revamped broker-dealer rules, and clearer guidelines for digital assets.
Network tokens can breathe easier! Wintermute is demanding regulatory clarity around ānetwork tokens,ā aiming to end ambiguity for token issuers and traders.
This isnāt your average news feedāitās a potential seismic shift in crypto regulation. Clean slates, smarter rules, clearer paths. Are you tracking or lagging?
#CryptoNews #SEC #CryptoRegulation #Gensler #SafeHarbor #NetworkTokens #DigitalAssets #Hype $BTC
Crypto regulator drama! The SEC accidentally wiped nearly a yearās worth of Gary Genslerās text messages due to a botched IT policyākey data on enforcement actions may be lost forever.
Regulatory turn incoming! SEC Chair Paul Atkins has unveiled a bold regulatory agenda proposing crypto safe harbors, revamped broker-dealer rules, and clearer guidelines for digital assets.
Network tokens can breathe easier! Wintermute is demanding regulatory clarity around ānetwork tokens,ā aiming to end ambiguity for token issuers and traders.
This isnāt your average news feedāitās a potential seismic shift in crypto regulation. Clean slates, smarter rules, clearer paths. Are you tracking or lagging?
#CryptoNews #SEC #CryptoRegulation #Gensler #SafeHarbor #NetworkTokens #DigitalAssets #Hype $BTC
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Coinbase accuses SEC of deleting messages from Gary Gensler: A new crisis of confidence?
Coinbase has just accused the U.S. Securities and Exchange Commission (#SEC ) of "deleting" nearly a yearās worth of messages from former Chairman Gary Gensler, right during the period when the agency is ramping up its crackdown on the crypto industry.
According to reports from the SEC's Office of the Inspector General, messages from October 2022 to September 2023 were permanently deleted, coinciding with the FTX collapse and many strong actions by the SEC against the digital asset market. #coinbase believes that this action not only violates storage regulations but also causes "irreparable harm" to the investigation process.
In a filing sent to the court, Coinbase requests the imposition of sanctions, expedited disclosure of documents, and requires the SEC to hand over all related information. The company emphasizes that the SEC has previously fined billions of USD to companies for record-keeping violations, but now finds itself in a similar situation, causing a "crisis of credibility."
In addition to #Gensler , the report also shows that more than 40 devices of other senior officials at the SEC are at risk of data loss. This raises significant questions about the transparency and accountability of the leading U.S. financial regulatory agency.
ā ļø Risk warning: These legal disputes could have a strong impact on crypto regulatory policy in the U.S., causing unpredictable market volatility. Investors need to closely monitor developments before making decisions.
Coinbase has just accused the U.S. Securities and Exchange Commission (#SEC ) of "deleting" nearly a yearās worth of messages from former Chairman Gary Gensler, right during the period when the agency is ramping up its crackdown on the crypto industry.
According to reports from the SEC's Office of the Inspector General, messages from October 2022 to September 2023 were permanently deleted, coinciding with the FTX collapse and many strong actions by the SEC against the digital asset market. #coinbase believes that this action not only violates storage regulations but also causes "irreparable harm" to the investigation process.
In a filing sent to the court, Coinbase requests the imposition of sanctions, expedited disclosure of documents, and requires the SEC to hand over all related information. The company emphasizes that the SEC has previously fined billions of USD to companies for record-keeping violations, but now finds itself in a similar situation, causing a "crisis of credibility."
In addition to #Gensler , the report also shows that more than 40 devices of other senior officials at the SEC are at risk of data loss. This raises significant questions about the transparency and accountability of the leading U.S. financial regulatory agency.
ā ļø Risk warning: These legal disputes could have a strong impact on crypto regulatory policy in the U.S., causing unpredictable market volatility. Investors need to closely monitor developments before making decisions.
See original
Former SEC Chairman Gary Gensler continues to criticize crypto: āMost tokens lack fundamentals.ā
Gary Gensler, who served as SEC Chairman from 2021 to 2025, continues to maintain a tough stance on the cryptocurrency industry. In an interview on September 17th on CNBC, he asserted that most tokens rely on āhype and market sentimentā rather than solid fundamentals, except for Bitcoin.
During his term, #Gensler became famous for his āregulation by enforcementā approach, bringing many high-profile lawsuits against exchanges like Binance and Coinbase, while classifying many cryptocurrencies as securities. He was also accused of participating in āOperation Chokepoint 2.0ā ā a campaign to indirectly tighten the cryptocurrency industry.
During his term, #Gensler became famous for his āregulation by enforcementā approach, bringing many high-profile lawsuits against exchanges like Binance and Coinbase, while classifying many cryptocurrencies as securities. He was also accused of participating in āOperation Chokepoint 2.0ā ā a campaign to indirectly tighten the cryptocurrency industry.
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Frustration after Gensler's hearing šļøš
Yesterday's hearing of SEC Chairman Gary Gensler before the Senate left a bitter taste. The market reacts today to the total lack of clarity he provided.
Gensler repeatedly refused to answer whether $ETH is a "commodity" (like Bitcoin) or a "security" (asset), adhering to his stance of "regulating through enforcement" (litigation). This ongoing regulatory uncertainty in the U.S. is generating nervousness and is a burden on bullish sentiment.
#SEC #Gensler #Regulacion #Ethereum #CongresoEEUU $
Yesterday's hearing of SEC Chairman Gary Gensler before the Senate left a bitter taste. The market reacts today to the total lack of clarity he provided.
Gensler repeatedly refused to answer whether $ETH is a "commodity" (like Bitcoin) or a "security" (asset), adhering to his stance of "regulating through enforcement" (litigation). This ongoing regulatory uncertainty in the U.S. is generating nervousness and is a burden on bullish sentiment.
#SEC #Gensler #Regulacion #Ethereum #CongresoEEUU $
#SEC #Gensler
Gary Genslerās Legacy: Progress or Setback for Crypto? šØ
As his tenure nears its end, outgoing SEC Chair Gary Gensler reflected on his term during an interview with Bloomberg. While expressing pride in the SECās accomplishments, Gensler doubled down on his view that the cryptocurrency sector is rife with bad actors. He also emphasized that āmuch work remainsā in regulating the space.
Under Genslerās leadership, the SEC launched a wave of enforcement actions against crypto firms, targeting everything from ICOs to exchanges. While he claims these efforts were necessary to root out fraud and protect investors, many argue that his actions created major roadblocks for crypto adoption:
š¹ Stifling Innovation: Strict enforcement and regulatory ambiguity drove companies and developers out of the U.S., favoring crypto-friendly jurisdictions abroad.
š¹ Missed Opportunities: Critics say the SEC failed to develop clear guidelines for the crypto industry, leaving legitimate projects uncertain about compliance.
š¹ Investor Impact: Retail investors were left with fewer options as exchanges faced lawsuits and delistings, restricting access to innovation.
Although Gensler credits his efforts as building on the work of previous SEC chairs, the crypto community remains divided. Some applaud his tough stance on bad actors, while others blame him for stalling the growth of blockchain technology in the U.S. #Binance #BinanceSquareFamily #cryptopofficial
Gary Genslerās Legacy: Progress or Setback for Crypto? šØ
As his tenure nears its end, outgoing SEC Chair Gary Gensler reflected on his term during an interview with Bloomberg. While expressing pride in the SECās accomplishments, Gensler doubled down on his view that the cryptocurrency sector is rife with bad actors. He also emphasized that āmuch work remainsā in regulating the space.
Under Genslerās leadership, the SEC launched a wave of enforcement actions against crypto firms, targeting everything from ICOs to exchanges. While he claims these efforts were necessary to root out fraud and protect investors, many argue that his actions created major roadblocks for crypto adoption:
š¹ Stifling Innovation: Strict enforcement and regulatory ambiguity drove companies and developers out of the U.S., favoring crypto-friendly jurisdictions abroad.
š¹ Missed Opportunities: Critics say the SEC failed to develop clear guidelines for the crypto industry, leaving legitimate projects uncertain about compliance.
š¹ Investor Impact: Retail investors were left with fewer options as exchanges faced lawsuits and delistings, restricting access to innovation.
Although Gensler credits his efforts as building on the work of previous SEC chairs, the crypto community remains divided. Some applaud his tough stance on bad actors, while others blame him for stalling the growth of blockchain technology in the U.S. #Binance #BinanceSquareFamily #cryptopofficial
See original
RIGHT NOW! Gensler under fire in the Senate š„šļø
The SEC Chair, Gary Gensler, is testifying right now before the U.S. Senate Banking Committee, and the hearing is tense.
With the new pro-crypto administration pushing, senators are demanding clear answers from Gensler about the "lack of regulatory clarity" and why the SEC continues to operate through "regulation by enforcement" (litigation) instead of creating a clear framework. This hearing is crucial to set the tone for crypto regulation in the U.S. for 2026.
#SEC #Gensler #Regulacion #Senado #Cripto $BTC
$ETH
$XRP
The SEC Chair, Gary Gensler, is testifying right now before the U.S. Senate Banking Committee, and the hearing is tense.
With the new pro-crypto administration pushing, senators are demanding clear answers from Gensler about the "lack of regulatory clarity" and why the SEC continues to operate through "regulation by enforcement" (litigation) instead of creating a clear framework. This hearing is crucial to set the tone for crypto regulation in the U.S. for 2026.
#SEC #Gensler #Regulacion #Senado #Cripto $BTC
$ETH
$XRP
See original
The SEC does not relent! New delay āļøš
To not lose the habit, the SEC under Gary Gensler has announced today the delay in its decision regarding Grayscale's Ethereum futures ETF application.
Although it is not a spot ETF (like those from BlackRock), the market interprets it as another negative signal. It shows that Gensler continues to obstruct the regulatory path and deliberately cools market sentiment.
#SEC #Gensler #Regulacion #Ethereum #Grayscale $ETH
To not lose the habit, the SEC under Gary Gensler has announced today the delay in its decision regarding Grayscale's Ethereum futures ETF application.
Although it is not a spot ETF (like those from BlackRock), the market interprets it as another negative signal. It shows that Gensler continues to obstruct the regulatory path and deliberately cools market sentiment.
#SEC #Gensler #Regulacion #Ethereum #Grayscale $ETH
šØ BREAKING: Donald Trump & Crypto ā¼ļø
š» Donald Trump plans to fire Gary Gensler on his first day in office and appoint a new SEC Chairman to build the future of #Bitcoin and crypto in the USA.
š» He is also going to appoint a Bitcoin and crypto presidential regulatory council. š¤Æ
#KaleemsCryptoMehfilKCM #Bitcoin_Coneference_2024 #donaldtrump #gensler #MtGoxJulyRepayments
š» Donald Trump plans to fire Gary Gensler on his first day in office and appoint a new SEC Chairman to build the future of #Bitcoin and crypto in the USA.
š» He is also going to appoint a Bitcoin and crypto presidential regulatory council. š¤Æ
#KaleemsCryptoMehfilKCM #Bitcoin_Coneference_2024 #donaldtrump #gensler #MtGoxJulyRepayments
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