
Sam Bankman-Fried summoned to Congress
Sam Bankman-Fried, the CEO and Founder of FTX exchange, will testify in front of the House Financial Services Committee on December 8.
Sam Bankman-Fried, the CEO and Founder of FTX exchange, will testify in front of the House Financial Services Committee on December 8.
After serving the Terraform CEO with subpoenas at recent public event, the securities regulator said the startup has failed to comply with the legal requests.
The letter is the latest appeal from U.S. lawmakers to the Securities and Exchange Commission in the ongoing debate about digital currency and stablecoin regulation in the United States.
A working group convened by Treasury Secretary Janet Yellen has granted the push by SEC Commissioner Gary Gensler to let the securities regulator take control over stablecoins.
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
SEC Chair Gary Gensler recently testified before the U.S Senate and outlined his position regarding the regulation of key financial areas. Unsurprisingly, one of them was what Gensler coined “crypto assets.”
The new SEC chief told the Committee on Economic and Monetary Affairs at the European Parliament that advancing technologies were bringing U.S. and European markets ever closer together.
By removing payment for order flow, markets benefit from more efficient, transparent trading, according to SEC Chairman Gary Gensler.
Arguing that DeFi projects would fall within the scope of regulators like the SEC, Chairman Gary Gensler described the term as “a bit of a misnomer” in an interview with the Wall Street Journal.
The new chair of the U.S. Securities and Exchange Commission is mainly concerned with the risks arising from unregulated digital currency trading, despite expressing his own ‘intrigue’ at digital currency.
The jig may be up for the Tether stablecoin following a trainwreck CNBC interview and regulators losing patience with the digital currency sector’s aversion to oversight.
In a recent hearing, SEC chair Gary Gensler pointed out that exchanges are growing increasingly important, but there are very few rules that govern them.