1. Home
  2. Regulation

Regulation

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s AxeGary Gensler, Chairman of the U.S. Securities and Exchange Commission, is set to step down on January 20, 2025. Gensler Exits Before Trump Takes Office U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down on Jan. 20, 2025, paving the way for President-elect Donald Trump’s nominee. Gensler’s departure ends a tenure marked […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Chris Giancarlo, ex-CFTC chair, emerges as frontrunner for White House ‘crypto czar’ role

Chris Giancarlo leads the shortlist for Trumps potential crypto role, aimed at boosting US crypto growth and easing regulatory burdens.

The post Chris Giancarlo, ex-CFTC chair, emerges as frontrunner for White House ‘crypto czar’ role appeared first on Crypto Briefing.

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Lawmaker Demands Overhaul Amid Regulatory Failures: ‘The Era of Post-Financial Crisis Regulation Is Over’

Lawmaker Demands Overhaul Amid Regulatory Failures: ‘The Era of Post-Financial Crisis Regulation Is Over’“Post-financial crisis regulation is over,” a top U.S. lawmaker has declared, calling for urgent reforms to digital asset oversight, regulatory transparency, and leadership accountability at federal agencies. Lawmaker’s Warning Signals Major Shake-up for Financial Oversight Agencies House Financial Services Committee Chairman Patrick McHenry criticized federal regulators during a Wednesday hearing, calling for updated financial oversight […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

FTX co-founder Gary Wang sentenced to time served

Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges.

FTX co-founder Zixiao “Gary” Wang was sentenced to time served plus forfeiture of assets in a United States district court in New York on Nov. 20, making him the fifth and final executive sentenced over the exchange’s 2022 collapse. 

Wang pleaded guilty to fraud charges in December 2022 alongside former Alameda Research CEO Caroline Ellison. For her part in the scheme, in which she admitted to conspiring with FTX co-founder Sam Bankman-Fried to steal $8 billion, Ellison received a two-year sentence

Judge Lewis Kaplan oversaw all five cases and issued prison time in Ellison’s case as well as Bankman-Fried’s (25 years) and former FTX Digital Markets co-CEO Ryan Salame (7.5 years). 

Read more

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Japan passes stimulus package, commits to crypto tax reform

Proposed changes include taxing cryptocurrency at a 20% flat rate instead of the current variable ‘miscellaneous income’ rate. 

Japan will go ahead with a proposed stimulus package after Prime Minister Shigeru Ishiba promised to engage in bipartisan discussions to enact sweeping tax reform. 

The economic stimulus package is expected to be approved before the end of 2024. According to a report from Bloomberg, the proposed tax reform measures include changes to income tax, corporate taxes and cryptocurrency taxes. This represents a shift in the governing party’s policy, which had previously called for higher taxes. 

Pundits have described the situation as being “stuck between a rock and a hard place.”

Read more

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’