The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US Securities and Exchange Commission (SEC) is rolling back 14 proposed rules, including key measures that once targeted the crypto industry. The decision, announced on June 12, illustrates the shift in regulatory priorities as the agency distances itself from the aggressive stance adopted during the previous administration. The withdrawn proposals were introduced between March […]
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In a 2023 securities filing, Coinbase said it would begin disclosing “monthly transacting users” rather than the “verified users” statistic.
In a letter to shareholders on Tuesday, Unicoin CEO Alex Konanykhin said the SEC’s investigation has inflicted “multi-billion-dollar damages” on its investors and token holders.
Gary Gensler stepped down from the position on Jan. 20, and the agency has been led by acting chair Mark Uyeda.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The suit is the latest in a string of dropped enforcement cases by the SEC.
The potential dismissal would see an end to the alleged securities law violation lawsuit launched against Coinbase in 2023.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of significant advancements in regulation and institutional adoption, the token’s surge coincides with a growing sense of optimism in the broader crypto market. XRP advanced toward critical price levels during January’s rally, which established the foundation for potential future gains. Related Reading: Stablecoins Hit $200 Billion—Does This Signal A Massive Crypto Rally? XRP Record Monthly Close Sparks Optimism January was an important month for XRP because it reached its highest closing price ever. On January 16, the token hit a monthly high of $3.39, getting close to its record high from 2018. This positive trend, driven by growing market confidence and more people using XRP, has sparked new conversations about its long-term promise. highest monthly close ever for XRP- $3.03 pic.twitter.com/boHBsHi6vP — xoom (@Mr_Xoom) February 1, 2025 XRP’s price has changed a lot. After a big jump and peak in January 2018, its value dropped sharply, falling more than 60% that month and kept going down. It stayed around $0.2700 until it suddenly rose in 2021, but that increase didn’t last long. Renewed Vigor Despite years of underperformance, XRP is now showing renewed strength. Ecosystem growth, positive macroeconomic shifts, including the RLUSD launch, and potential regulatory changes are fueling this resurgence. XRP’s recent price reflects this change. After strong gains in late 2023, it closed January at an all-time high of $3.0359, signaling a potential long-term uptrend. A significant factor in the rapid price fluctuations of XRP, according to market analysts, is its liquidity structure. In contrast to Bitcoin, XRP’s order books are relatively thinner, which facilitates the upward movement of the price through the implementation of substantial purchase orders. Throughout January, this attribute was most evident, as robust demand resulted in rapid growth. Recent Regulatory Changes Seen To Intensify Rally The expected changes in regulations in the United States are an important reason why XRP has been rising lately. There is talk of a possible friendlier environment for cryptocurrency regulations after news that US Securities and Exchange Commission Chairman Gary Gensler has stepped down. This situation has encouraged investors to feel positive, especially about assets like XRP, which has faced regulation issues for a long time. XRP is gaining more attention because of its present momentum and the potential introduction of spot ETFs for altcoins. Market participants are examining other well-known digital assets to see if they can generate the same level of demand as Bitcoin ETFs. The creation of an XRP ETF would attract significant investment from large institutions, further boosting the token’s value. Related Reading: 21Shares Bets On Polkadot, Files For Spot ETF With SEC Price Action And Market Sentiment The current trading levels of XRP are indicative of its recent robust performance. At the time of writing, the asset was trading at approximately $2.78, with intraday fluctuations suggesting that volatility will persist. The token momentarily reached $2.95 before slightly retracing, indicating that traders were taking profits and exhibiting bullish strength. Meanwhile, on-chain data indicates that there has been an increase in activity among large holders, who are informally known as “whales.” Some analysts anticipate a potential breakout if key resistance levels are breached in the coming weeks, as their accumulation patterns suggest confidence in XRP’s long-term growth. Featured image from Pexels, chart from TradingView
Gemini has decided to stop hiring Massachusetts Institute of Technology (MIT) graduates and interns due to the university’s renewed affiliation with former US Securities and Exchange Commission (SEC) Chair Gary Gensler. On Jan. 29, Tyler Winklevoss, the exchange’s co-founder, announced the decision on X, stating that Gemini will not consider MIT candidates as long as […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Gary Gensler, the former chair of the US Securities and Exchange Commission (SEC), has rejoined the Massachusetts Institute of Technology (MIT) after leaving his regulatory post. A statement released on Jan. 27 confirmed that Gensler will join the faculty at MIT’s Sloan School of Management as a Professor of the Practice in the Global Economics […]
The post Gary Gensler rejoins MIT sparking crypto community backlash appeared first on CryptoSlate.
Gensler’s enforcement-heavy approach during his tenure at the agency was widely perceived as aggressive toward the crypto industry.
In a Tuesday filing, lawyers for Coinbase argued that their case offered “the single best opportunity” to decide how to regulate secondary crypto trading.
President Donald Trump has elevated Republican Commissioner Mark Uyeda to take over the SEC from a now-departed Gary Gensler.
As Gary Gensler prepares to announce his resignation, some SEC officials have said they will step down before Donald Trump’s inauguration.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
In a recent interview with CNBC’s Squawk Box, outgoing US Securities and Exchange Commission (SEC) Chair Gary Gensler offered a nuanced perspective on the digital asset landscape, particularly focusing on Bitcoin (BTC) and the broader crypto market. His remarks come amid increased scrutiny of the industry, which has faced regulatory challenges and calls for greater […]
The SEC chair is set to leave office in six days, the same day Donald Trump is scheduled to be inaugurated as president in Washington, DC.
In another 11th-hour court loss for Chair Gary Gensler's tenure, judges in a Coinbase case again call the SEC's crypto position "arbitrary and capricious."
XRP broke out of a bullish continuation pattern following Ripple's court win to seal documents in the SEC case.
In an interview with David Gura on Bloomberg Markets on Wednesday, outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler reviewed his tenure and the role of crypto within the US capital markets. Gensler, who has less than two weeks left in his term, remained steadfast on his stance toward the digital asset space, calling […]
Crypto stakeholders have criticized the outgoing Securities and Exchange Commission (SEC) Chair Gary Gensler for his continued hostility toward the crypto industry. In a recent Bloomberg interview, Gensler reiterated his concerns about the emerging industry, claiming that it was “rife” with bad actors. Gensler defends SEC legacy According to him, the financial regulatory agency made […]
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In what will be his final public speech as head of the derivatives agency, Rostin Benham had a lot to say about digital assets supervision in the U.S.
A U.S. judge halted the case in which the exchange and SEC are duking it out over an enforcement matter, and will let Coinbase chase a higher-court appeal.
Like Securities and Exchange Commission Chair Gary Gensler, CFTC chief Rostin Behnam will exit his job on the day that Donald Trump takes the oath of office.
Trump’s new pick for the next SEC Chair is a win for the crypto industry, but the desired changes may be slow to come into play.
SEC Commissioner Caroline Crenshaw has had her renomination vote postponed, leaving her role at the agency up in the air.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.