SEC Sues Cumberland DRW for Unregistered Securities Dealer
Cumberland DRW LLC is facing allegations from the U.S. Securities and Exchange Commission for engaging in unregistered dealer activities. According to the SEC, Cumberland, a market maker for cryptocurrencies in Chicago, purchased and sold over $2 billion worth of cryptocurrency assets—including those classified as securities—without first registering as required by federal securities laws. According to […]
Senator Cynthia Lummis Questions SEC’s Crypto Reg Strategy
The approach of the SEC Chair to crypto regulation is criticized by Senator Cynthia Lummis, who advocates for establishing clear rules and properly classifying assets. Cynthia Lummis, a Wyoming Senator and digital asset proponent, has expressed dissatisfaction with the US SEC cryptocurrency regulation. Lummis criticized SEC Chair Gary Gensler for his attitude toward the cryptocurrency […]
Mark Cuban Says Kamala Harris Opposes SEC Enforcement Regulation
Mark Cuban stated the Kamala Harris campaign opposes the SEC Chair’s “regulation-by-enforcement” practices. Following the hearing with SEC Chair Gary Gensler on Tuesday, tech billionaire Mark Cuban criticized Gensler’s regulatory approach, particularly his reliance on enforcement actions. In a tweet, Cuban mentioned that even Vice President Kamala Harris’s team opposes this method, which Gensler has […]
SEC Mark Uyeda Opposes Audit Trial for Cryptocurrency
According to SEC Mark Uyeda, the overregulation of private funds and the violation of privacy are the results of audit trials that monitor sensitive investor data. On Tuesday, September 24, Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, and five SEC commissioners are scheduled to appear before the House Financial Services Committee. The […]
US SEC Chair Gary Gensler To Testify Before Congress
US SEC Chair Gary Gensler’s Congress testimony ignites discussions as the agency’s aggressive crypto regulation meets pushback. The crypto market is on edge as U.S. SEC Chair Gary Gensler confirms he will testify before Congress this week. On September 24 and 25, Gensler will appear before the Financial Services Committee and the U.S. Senate Banking Committee. […]