Teresa Goody Guillén, a veteran of the U.S. Securities and Exchange Commission, is among the candidates president-elect Donald Trump is considering to lead the agency, people familiar with the situation said.
Could Brian Brooks be the next SEC Chair? Many seem to think so. A prediction platform lists him as a top contender, and social media is buzzing with support. Brooks, known for his pro-crypto stance, could bring fresh ideas to the SEC. But he’s facing tough competition, including names like Hester Pierce and Dan Gallagher. …
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that allowing an appeal would only “delay resolution” of the U.S. Securities and Exchange Commission’s (SEC) ongoing case against the crypto exchange.
Spot Bitcoin ETFs hurdle its biggest legal roadblock to date after the US Commodity Futures Trading Commission (CFTC) clarified that it’s no longer taking a role in clearing BTC ETF options. In a staff advisory dated November 15th, the CFTC, through its Division of Clearing and Risk, announced that it was transferring the approving authority […]
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 […]
Founder and CEO of Professional Capital Management Anthony Pompliano has emphasized the importance of Donald Trump setting up a national Bitcoin (BTC) reserve. The entrepreneur has also shared some thoughts on the selection of the next SEC chairman which may hold more weight for altcoins than Bitcoin. Related Reading: Pennsylvania House Moves To Add Bitcoin […]
According to data from CoinMarketCap, XRP rose by 15.57% in the past day to cap off what has been an impressive price performance over the last week. Amidst Bitcoin’s journey to the $90,000 price zone, the seventh-largest cryptocurrency emerged as one of the biggest weekly gainers with a 60.76% price increase. Following this price surge, a crypto analyst with X username BarriC has provided some interesting predictions on XRP’s future. Related Reading: XRP Ledger Booms: $44 Million In Transactions As Activity Soars XRP To Reach $10 In Bull Market, But There’s More In an X post on November 15, BarriC released several price targets for XRP tied to certain conditions. Firstly, the analyst forecasted XRP to attain a market price between $6-$10 in the crypto bull run, representing a minimum potential 500% gain on the token’s present price. These high expectations by BarriC are rather not uncommon due to several factors especially Donald Trump’s recent electoral victory which is expected to usher in a crypto-friendly US government. For XRP, the Republican President sticking to his electoral crypto manifesto holds massive importance as it may bring a decisive end to the legal battle between Ripple and the SEC, and permanently halt the regulatory uncertainty over the token. In addition, Trump’s presidency also boosts the possibility of the XRP spot ETF with the SEC expected to present fewer regulatory hurdles for crypto-linked securities. Following approval, BarriC postulates a spot ETF can drive the altcoin to a market price of $15-$20 if approval comes amidst the bull market run. Furthermore, the analyst discusses a utility run during which the altcoin will undergo massive adoption in its use for cross-border transactions and as an institutional bridge cryptocurrency for banks. If the utility run occurs as predicted with global adoption levels of XRP, BarriC forecasts the altcoin to attain a minimal price of $100. Related Reading: Bitcoin Retail Is Finally Back: These Metrics Point To An Explosion In Interest Market Whales Boost Holdings By 320 Million XRP In other news, whales in the XRP market have acquired over 320 million XRP, valued at $285 million, in the last 72 hours amidst the token’s recent price surge. The coin rose from around $0.69 to reach a local peak of $0.92 as rumors of Gary Gensler’s resignation as SEC chairman circulated on media spaces. While the altcoin has recorded a slight price decline of 1.2% in the past hour, the massive purchase by whales indicates a belief in the asset for long-term profitability. At the time of writing. XRP trades at 0.89, with his market cap value now above $50 billion. In tandem, the token’s trading volume is up by 24.71% and valued at $11.75 billion. Featured image from StormGain, chart from Tradingview
The price surge is consistent with the recent bullish positioning in the options market.
The XRP price has just had its biggest 24-hour surge in years to reach its highest level in over two years. Particularly, XRP surged by about 22% in a few hours to reach $0.8386. This intriguing surge has brought into focus XRP’s potential to challenge the narrative of it being dead. Ironically, this XRP surge […]
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
Crypto companies have been “living in fear in a gas-lit world for a long time,” said Ethereum co-founder Joe Lubin.
President-elect Donald Trump said former Securities and Exchange Commission Chair Jay Clayton would be his U.S. Attorney for the Southern District of New York, heading up the state's Department of Justice branch.
In a speech during the Practicing Law Institute and the 56th Annual Institute on Securities Regulation held in New York on Thursday, November 14, US SEC Chair Gary Gensler hinted he may be leaving the agency soon. In regards to the crypto market, Gensler highlighted that Bitcoin, Ethereum, and stablecoins are not securities. However, the …
A group of state attorneys general and the DeFi Education Fund filed a lawsuit against the U.S. Securities and Exchange Commission and its five commissioners alleging the regulatory agency was overstepping its bounds in bringing enforcement actions against crypto exchanges.
Former SEC Chair Jay Clayton has been given a new role by President-elect Donald Trump, who will be inaugurated on Jan. 20.
President-elect Trump has vowed to fire SEC Chairman Gary Gensler and replace him with a more crypto-friendly SEC head.
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.
Not endorsed by Donald Trump, Senator John Thune defeated Elon Musk-supported Senator Rick Scott to become the new Senate majority leader.
The asset manager has filed with the SEC to list and trade shares of spot Hedera, Solana, and XRP exchange-traded products.
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.
Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. Add Crypto Exposure At The Earliest, Bernstein Tells Clients Despite Bitcoin’s strong gains after the election, analysts at trading firm Bernstein remain confident that the broader crypto market still has substantial room for growth. […]
“We have more clarity now in terms of the investment landscape after the election,” said the ARK Invest CEO.
Ethereum’s market cap tops Bank of America, while the SEC weighs spot ETH ETF options and DeFi gains traction.
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 […]
The next four years should be ‘highly favorable’ to the digital assets sector, but thoughtful legislation will be critical.
Rumors are flying around that Richard Farley, a top Wall Street lawyer, could soon take over as SEC Chair under Trump. Farley would replace Gary Gensler, who’s been pretty tough on crypto. And his potential appointment has some people excited while others, not so much. Farley’s connections to Wall Street make him a unique pick. …
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
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.