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DeFi projects could come under SEC's oversight, says chairman Gensler

SEC chair Gensler calls for more regulation on stablecoins and crypto firms’ custody, market-making arms

advertisement The Securities and Exchange Commission is considering new firewalls for custody and market-making businesses at crypto firms and pushing for more SEC oversight of stablecoins. During an April 4 speech to the University of Pennsylvania’s law school, SEC chair Gary Gensler said:  “Unlike traditional exchanges, currently centralized crypto trading platforms generally take custody of …

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SEC chair Gensler pitches his crypto vision at exclusive House Democrat event

SEC chair Gensler pitches his crypto vision at exclusive House Democrat event

Gary Gensler, chairman of the Securities and Exchange Commission, is continuing to pitch lawmakers on his vision for crypto oversight out of the public eye. Gensler addressed Democrats of the House Financial Services Committee on February 15. The call took place during an annual retreat for Democratic members and legislative staff.  The Block obtained an …

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XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin's (non)security status

XRP lawsuit effect: Ex-SEC Chair talks about Bitcoin’s (non)security status

Earlier today, investment banking company Morgan Stanley filed multiple institutional funds that may gain exposure to Bitcoin especially through shares of Grayscale’s Bitcoin Trust or cash-settled futures. Recently, Goldman Sachs said it was planning to launch investment offerings in the crypto asset class in the second quarter. What these new developments prove is that bitcoin …

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US Financial Services Chair Tells Joe Biden to Rescind OCC Crypto Guidance

US Financial Services Chair Tells Joe Biden to Rescind OCC Crypto Guidance

U.S. Representative Maxine Waters, who chairs the powerful House Financial Services Committee, wants President-elect Joe Biden to rescind or monitor all of the cryptocurrency-related guidance issued by the Office of the Comptroller of the Currency (OCC). It also comes days after those same members introduced a bill that would require stablecoin issuers to seek bank …

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Joe Biden transition team adds former CFTC chair and crypto-focused academic Gary Gensler

Joe Biden transition team adds former CFTC chair and crypto-focused academic Gary Gensler

Gary Gensler, who chaired the Commodity Futures Trading Commission (CFTC) during the Obama administration, will lead the financial policy transition team for projected U.S. president-elect Joe Biden. CoinDesk confirmed the move today after the Wall Street Journal reported on Friday that Biden was expected to bring on Gensler. As CFTC chair, Gensler oversaw substantial reforms …

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SEC Chair Clayton Nominated as US Attorney for New York

SEC Chair Clayton Nominated as US Attorney for New York

U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may be the next U.S. Attorney for the Southern District of New York. According to a Department of Justice press release published late Friday, Clayton was nominated by U.S. President Donald Trump to helm the prosecutor’s office, three years after he first took on the role …

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Former CFTC chair says a tokenized dollar could be a better way to hand out relief money

Former CFTC chair says a tokenized dollar could be a better way to hand out relief money

A tokenized U.S. dollar would make it easier for the government to put money into the hands of people who need it during crises like the COVID-19 pandemic, according to a high-profile lobbying group that’s trying to make a digitized USD a reality. The Digital Dollar Project is headed by J. Christopher Giancarlo – former …

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