Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.
The defendants will likely have to pay something along with "neither admit nor deny” type language, says Pantera’s chief legal officer Katrina Paglia.
Solana prices have surged a whopping 11% on the day returning to their all-time high last visited three years ago.
The crypto industry’s recent legal wins include the CFPB excluding crypto wallets from oversight and Gary Gensler’s planned resignation.
Gensler will step down as SEC Chair and depart from the agency entirely on Jan. 20, 2025, when President-elect Donald Trump starts his presidential term.
In a significant win for the crypto market, US Securities and Exchange Commission (SEC) Chair Gary Gensler has announced he will step down from his position on January 20, 2025, coinciding with the presidential inauguration of President-elect Donald Trump. This news has been met with optimism among crypto advocates, who view Gensler’s departure as a […]
Speculations on the next chair of the Securities and Exchange Commission continue to swirl as incoming US President Donald Trump remains mum on the issue. Related Reading: Trump Enters The Crypto Arena With Bakkt Acquisition – Details Several names have been floated, with XRP’s John Deaton and SEC’s Mark Uyeda being two recent figures in […]
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering.
Gemini’s Tyler Winklevoss joins the growing chorus of crypto personalities calling out Chairman Gary Gensler of the Securities and Exchange Commission (SEC). Related Reading: Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction In a Twitter/X post, the Gemini co-founder lashed out at the agency’s chief, calling him “evil.” In the same […]
The United States has only approved ETFs for Bitcoin and Ether, versus some 30 digital asset types in Europe, according to the Financial Times.
As President-elect Donald Trump prepares to take office on January 20, Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), is finally pushing to establish a regulatory framework for the crypto market. With the Trump administration signaling a pro-digital asset stance, Gensler’s comments come at what could be a pivotal positive moment […]
Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC Chair.
Summer Mersinger, a Republican CFTC commissioner who has urged the regulatory to take a more accommodating stance on crypto, is among those under consideration
President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head.
A potential shift in crypto regulation could be in the works as the US Securities and Exchange Commission (SEC) Chairman Gary Gensler hints at a possible resignation following President-elect Donald Trump’s recent victory on November 5. SEC Head Gensler Drops Resignation Clue In a recent statement to SEC staff, Gensler hinted at a possible resignation, which led to further discussions about his future as the agency’s head. His remarks, which carried a tone reminiscent of a farewell, expressed gratitude for the opportunity to serve alongside his colleagues, emphasizing the importance of their work in maintaining the integrity of US capital markets. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News The SEC chairman, who has long been criticized for his approach to the crypto industry, also dedicated a portion of the letter to his mom and dad, concluding, “I’ve been proud to serve with my colleagues at the SEC who work day in and day out to protect American families on the highways of finance.” Despite the absence of any official confirmations from either the SEC or Gary Gensler regarding his future, the suggestive tone of his letter has sparked anticipation among crypto investors, hinting at the likelihood of his resignation. Policy Shift Towards Crypto-Friendly US Gensler’s leadership has been marked by numerous enforcement actions, lawsuits and Wells Notices against major players in the crypto space, including Binance, Coinbase and the most notorious case against Ripple Labs, while failing to provide a clear regulatory framework for digital assets. Related Reading: Buy Dogecoin Now Or Wait? Analyst Points To Key Technical Indicator The anticipation surrounding Gensler’s potential exit is compounded by Trump’s promises to create a more favorable environment for cryptocurrencies, positioning the US as the “crypto capital of the world.” Trump’s administration is expected to prioritize policies that support innovation and growth in the digital asset sector, contrasting sharply with Gensler’s regulatory stance. Featured image from DALL-E, chart from TradingView.com
Gary Gensler did not say he would leave the SEC before Donald Trump took office but pointed to the commission’s record on crypto enforcement and approving ETFs.
The Republican promised to fire SEC Chair Gary Gensler “on day one,” but a tweet suggested he would also attempt to circumvent the Senate confirmation process for a replacement.
Trump's victory presents a unique opportunity to reshape regulation and ensure no future SEC Chair can hamstring the industry again. Expect pushback.
A major revamp is about to change the US regulatory landscape, and all this will have a lot do with incoming President Donald Trump and his officer of choice to steer the future direction of the SEC. Richard Farley, a seasoned partner at New York’s high-point law firm Kramer Levin Naftalis & Frankel, has made […]
Mark Uyeda, a commissioner at the US Securities and Exchange Commission (SEC), has expressed full support for US President-elect Donald Trump’s plan to end the hostility against the crypto industry. Interestingly, Uyeda has been touted as one of the potential replacements for SEC Chair Gary Gensler who is widely expected to be sacked upon Trump’s […]
A major revamp is coming to the SEC. For many reasons, this year’s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to handle crypto. Related Reading: Binance Coin Breaks $600! Is There More Upside Ahead For BNB? Between the two, incoming President Donald Trump offered a more friendly stance over crypto, promising to make the US a “crypto capital” and suggesting a change in leadership at the Securities and Exchange Commission (SEC). Now that Trump is the next president, all eyes are on the SEC and the expected reshuffle. And the latest political chatter suggests that the high-profile job will probably go to Dan Gallagher, Robinhood’s Chief Legal Officer. Many expect Trump to announce in January 2025 the next SEC chief, as the clamor for the agency’s Gary Gensler’s exit intensifies. Gensler In Hot Seat Before Elections Many expect Gensler to be one of the high-profile exits once Trump takes office. Gensler has waged legal fights against the crypto community for years, including Binance and Ripple’s XRP. His aggressive policies against crypto and its personalities have earned him plenty of detractors and enemies. With Gensler’s increasing unpopularity, many have demanded his resignation. Trump acknowledged the issue and promised a revamp of the SEC once he wins. Even Ripple’s Brad Garlinghouse has blamed Gensler for the Democrat’s loss this election. Now, Reuters reports that Robinhood’s Dan Gallagher is considered the top contender for Gensler’s post. Robinhood’s Dan Gallagher As Next SEC Chair? Dan Gallagher currently serves as Robinhood’s Chief Legal Officer. Gallagher was a SEC commissioner from 2011 to 2015 before joining the company. Also, Gallagher enjoys wide popularity among cryptocurrency bigwigs, especially among Trump donors. At least two sources have confirmed that the former SEC commissioner is in the running to become the next chair of the agency. Although the selection process is still open, Gallagher’s pro-innovation policies give him an advantage over other hopefuls. He advocates for tighter regulation of cryptocurrencies and supports market liberalization. Previously, Gallagher campaigned to treat digital assets like Bitcoin as a distinct asset class, not as securities. In short, the SEC can see a more crypto-friendly policy once Gallagher takes oath. Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks Other Candidates In Consideration Aside from Gallagher, a few other names are floated as Gensler’s replacement. For example, some in the crypto industry are looking at Hester Pierce, who is a SEC Commissioner, to become the next SEC chair. However, some insiders have shared that Pierce isn’t keen on taking the job. Another candidate in the running is Mark Uyeda, who was appointed as SEC commissioner on June 30, 2022. Multiple reports also mentioned Paul Atkins, former Republican SEC Commissioner, and Robert Stebbins – who was named SEC General Counsel in May 2017 — as possible Gensler replacement. Featured image from CNBC, chart from TradingView
As President-Elect Donald Trump prepares to assume office, the crypto industry is closely watching his administration’s potential picks for key financial regulatory positions. With promises to end the “war on crypto” initiated under the Biden administration, Trump is expected to overhaul leadership at the Securities and Exchange Commission (SEC) and other financial agencies. Will Dan […]
Robinhood’s legal chief, Dan Gallagher, is reportedly one of the top picks to head the SEC under Trump, who promised to fire its current chair “on day one.”
With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.
Tron’s founder, Justin Sun, took X to congratulate the newly elected 47th president of the United States, Donald Trump. The pro-industry Republican candidate’s victory has ignited speculation about the sector’s new era, including the future anti-crypto regulators like Securities and Exchange Commission (SEC) chairman Gary Gensler. Related Reading: Spot Bitcoin ETFs Record Second Largest Single-Day […]
The SEC’s “Crypto Mom” Hester Peirce is unlikely to replace Gary Gensler as the new chair, crypto lawyer Jake Chervinsky said.
Coinbase chief legal officer Paul Grewal has urged the SEC to foster crypto innovation over litigation amid Trump’s pledge to fire Gensler.
Donald Trump was not always a cryptocurrency fan, but the community has rallied around him as a pro-crypto candidate in the 2024 US presidential election.
Donald Trump is projected to win the US presidential election, promising to promote crypto in America.