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Gary Gensler

The SEC’s war against Ethereum and Consensys isn’t over

Gary Gensler will be forced out as SEC chairman if Trump is elected — but he could remain as a commissioner to continue his anti-crypto crusade.

There is a broad misunderstanding in the crypto community about the status of the Securities and Exchange Commission's (SEC) campaign to undermine blockchain innovation in the United States. When Consensys announced in June that the SEC had decided to conclude its "Ethereum 2.0" investigation, it was taken as another signal that a hostile administration was changing its tune.

That, I’m afraid, is simply not true. The SEC is as antagonistic as it has ever been, and that is unlikely to abate until new leadership takes the agency in a new, more productive policy direction.

It’s understandable that people are a bit confused. Both policy wonks and the public at large perceived that the SEC might be rethinking its stance when it did an 11th hour about-face in late May on approval of a spot Ethereum (ETH) exchange-traded product. When that decision was made, the days were numbered for the SEC’s year-long harassment of the Ethereum protocol development community.

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Congressman Calls for SEC Chair’s Dismissal Over ‘Regulation by Harassment’

Congressman Calls for SEC Chair’s Dismissal Over ‘Regulation by Harassment’House Majority Whip Tom Emmer has criticized U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, accusing him of “regulation-by-harassment,” and calling for his dismissal. The congressman has consistently opposed Gensler’s regulatory practices, supporting legislative reforms for the SEC. He argues that Gensler’s approach undermines the securities regulator’s mission to protect investors and maintain orderly […]

Solana price bottom below $100? Death cross hints at 30% drop

Whistleblowers asked the SEC to investigate OpenAI over alleged illegal NDAs

The complainants called the matter "urgent," but it remains unclear if the SEC will open an investigation.

Parties representing anonymous whistleblowers from artificial intelligence firm OpenAI have reportedly filed a grievance with the United States Securities and Exchange Commission over the firm’s alleged use of illegal non-disclosure agreements (NDAs). 

Documents sent exclusively to the Washington Post, per a report, indicate that a group of whistleblowers associated with OpenAI filed a complaint with the SEC in June alleging the company made former employees sign restrictive, illegal NDAs in order to prevent them from discussing safety and other concerns with federal agents.

According to the post, the documents it received, linked here, were sent to the newspaper by Senator Chuck Grassley’s office:

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Judge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgs

Judge Katherine Polk Failla said she would hear from SEC and Coinbase lawyers on July 15 whether SEC Chair Gary Gensler’s private communications on crypto were fair game.

A federal judge overseeing the US Securities and Exchange Commission (SEC) case against Coinbase suggested that the cryptocurrency exchange may be unable to inquire into Gary Gensler’s private communications before he led the commission. 

In a July 11 hearing in the US District Court for the Southern District of New York, Coinbase lawyers argued they should be able to view data on Gensler’s personal devices after the SEC provided no explicit assurances on his communications with market makers. The SEC’s legal team asked Judge Katherine Polk Failla to quash the subpoena into Gensler’s personal communications, as the chair was “not a fact witness” and “not an expert witness on the law” in the Coinbase case.

“We’re unable to get information from the SEC,” said Coinbase lawyers, according to reporting from Inner City Press. “The time period before, we included because we tried to engage with Mr. Gensler and the SEC, but they’ve refused to say he didn’t use his personal device to communicate about crypto.”

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Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and CorruptCrypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s legitimacy through legal, congressional, and media avenues, arguing that modern technologies render the agency’s functions redundant and that private market actors are better […]

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Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says Congressman

Supreme Court’s Chevron Decision Curtails SEC Chair Gensler’s Regulatory Abuses, Says CongressmanCongressman Tom Emmer has stated that the Supreme Court’s decision to overturn Chevron deference significantly limits “the regulatory abuses” of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. The ruling is seen as a game changer for the crypto industry and other tech sectors, promising more predictable and grounded regulations. Supreme Court’s Chevron Ruling […]

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SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto Regulations

SEC Asks Court to Quash Coinbase Subpoena in Legal Clash Over Crypto RegulationsThe U.S. Securities and Exchange Commission (SEC) has asked the court to quash a subpoena issued by crypto exchange Coinbase that demands documents related to the crypto markets and personal communications of SEC Chair Gary Gensler. The SEC argues that the subpoena is irrelevant and imposes undue burden. SEC Seeks to Quash Coinbase Subpoena in […]

Solana price bottom below $100? Death cross hints at 30% drop

Spot Ethereum ETF launch delayed by SEC comments

The SEC commented on the S-1 forms and requested resubmissions by July 8, potentially delaying the launch of spot Ether ETFs until mid-to-late July.

The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC). 

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken additional time to return the S-1 forms submitted by prospective spot Ether (ETH) ETF issuers, pushing the launch to mid-July or later.

The SEC commented on the S-1 forms and requested resubmissions by July 8. According to Balchunas, this new timeline means the launch of the spot Ethereum ETFs could be postponed until mid-to-late July.

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Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’

Ripple CEO Blasts SEC Chair’s Crypto Remarks — Says ‘Gensler Will Cause Biden to Lose the Election’Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures could impact the upcoming election. He suggested that Gensler should be fired if he truly worked for the American people. Ripple CEO Brad Garlinghouse Criticizes SEC […]

Solana price bottom below $100? Death cross hints at 30% drop

SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’

SEC Chair Gensler: Spot Ethereum ETF Approval Process ‘Going Smoothly’U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange […]

Solana price bottom below $100? Death cross hints at 30% drop