Lawyer James Burnham speculates the Supreme Court would likely strike down similar securities rules today, perhaps if a challenge was brought before it by a crypto company, without a congressional mandate. But even if a lawsuit reaches the high court, an agency reprimand would already have required a company to spend gargantuan legal fees and endure years of litigation before … [Read more...] about Professor Gensler Gets an F on Crypto
Gensler
SEC Chairman Gary Gensler Hires Senate Banking Aide to Advise on Crypto Policy
According to a source familiar with the Senate Banking Committee, Frayer spearheaded crypto policy for Brown – who has been outspoken about his concerns about the risks cryptocurrencies could pose to investors, calling blockchain a “shady diffuse network of online funny money” at a hearing in July – and other top-ranking Democrats. Source link … [Read more...] about SEC Chairman Gary Gensler Hires Senate Banking Aide to Advise on Crypto Policy
SEC’s Gensler Says Crypto ‘Fits in Our Broad Remit’: Report
Crypto fits into the “broad remit” of the U.S. Securities and Exchange Commission (SEC), Chairman Gary Gensler said in an interview with the Wall Street Journal on Sunday.In the interview Gensler restated his desire for more robust measures to protect crypto investors.“The public’s anticipating some profit based upon the efforts of some entrepreneur or computer-science group … [Read more...] about SEC’s Gensler Says Crypto ‘Fits in Our Broad Remit’: Report
Most Influential 2021: Gary Gensler
“Before I close, I do want to introduce and thank my three daughters, Isabelle, who’s here with me in Maryland over there, and her older sisters Anna and Lee, who are watching remotely. They are the lights of my life, and I wouldn’t be here today without their love and support,” Gensler said during his SEC hearing. Source link … [Read more...] about Most Influential 2021: Gary Gensler
Why Some US Congressmen Are Asking Gensler About a Bitcoin Spot ETF
This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW follows up on the burgeoning bitcoin-mayor competition between New York City’s Eric Adams and Miami’s Francis Suarez. The show’s main topic is an open letter sent by Congressional Blockchain Caucus co-chairs Rep. Tom Emmer and Rep. Darren Soto to Securities and Exchange Commission Chair Gary Gensler … [Read more...] about Why Some US Congressmen Are Asking Gensler About a Bitcoin Spot ETF