Gary Gensler Urged to Resign as SEC Chair
The ASA called for SEC Chair Gary Gensler’s resignation, citing overregulation and harm to small businesses. Recently, the American Securities Association (ASA) issued a plea for Gary Gensler, the chair of the Securities and Exchange Commission, to resign immediately. He emphasized that such a change in the SEC’s management would align with the voters’ recent […]
DeFi Tokens Surge 30% Amid Optimism for ‘Friendlier’ Landscape Under Trump
DeFi firms have been concerned about implementing “value accrual mechanisms” for their tokens under SEC supervision — but that could change with President-elect Donald Trump. Decentralized finance (DeFi) tokens surged by over 30% as traders anticipate that the Trump administration will boost the “investment appeal” of holding “utility” tokens, per an industry analyst. Among the biggest […]
Donald Trump May Not Be Able To Fire Gary Gensler
Attorney Dave Michaels noted that the *Humphrey’s Executor* ruling protects SEC chairs from dismissal based only on executive preference. SEC Chair Gary Gensler’s future has become a topic of discussion as the United States braces for potential changes following today’s election. There is speculation among certain individuals regarding potential changes in agency leadership in light […]
Coinbase Wins Lawsuit In FOIA Case Against US FDIC
Paul Grewal, the Chief Legal Officer of Coinbase, has disclosed that the FDIC has been ordered by a judge to disclose the halt letters from Operation Chokepoint 2.0. CLO of Coinbase In his opinion, the judge in the FDIC FOIA case has ordered the agency to produce the Operation Chokepoint 2.0 pause letters remarkably rapidly. […]
SEC Cost Crypto Firms $426M under Gensler
The BA claims Gensler’s SEC “regulation by enforcement” approach has hurt innovation, costing the U.S. jobs and investment in technology. Since Gary Gensler took over as chair of the United States Securities and Exchange Commission, the Blockchain Association, which is an advocate group for blockchain technology and cryptocurrencies, said that the SEC has caused corporations […]