SEC Chairman opposes House bill on 21st Century Financial Innovation and Technology Act

05/22 09:15

Wechat scan to share

Gary Gensler, the chairman of the US Securities and Exchange Commission, said on Wednesday that the "21st Century Financial Innovation and Technology Act" would harm the interests of investors, hinder the work of the SEC, and create new regulatory loopholes. It would also undermine decades of precedent regarding the supervision of investment contracts, exposing investors and capital markets to incalculable risks.

Comments

All Comments

Recommended for you

cointelegraph · 04/01 09:36

Bitcoin price gearing up for next leg of ‘acceleration phase’ — Fidelity research

A recent Fidelity Digital Assets report questioned whether Bitcoin’s price had already seen its cyclical “blow off top” or if BTC is on the cusp of another “acceleration phase.”
Cryptonews24.xyz · 04/01 06:38

Russia’s Irkutsk ‘Could Impose Year-round Crypto Mining Ban from April 1’

Putin reportedly agrees with Irkutsk Governor’s call for further action following wintertime ban.
CointimeSG · 04/01 06:04

Stablecoin rules needed in US before crypto tax reform, experts say

Crypto industry professionals say US regulation must clarify banking and stablecoins before focusing on taxes, as Trump-backed reforms push crypto into the spotlight.
Jesse Coghlan · 04/01 05:59

Vanuatu passes long-awaited crypto laws that won’t be ‘light touch’

Vanuatu has passed crypto regulation and licensing legislation that a government adviser says is strict to dissuade bad actors that may seek to take advantage of small island nations.
BRAYDEN LINDREA · 04/01 04:07

SIR.trading begs hacker to return $255K or ‘no chance for us to survive’

A day after SIR.trading was hacked for $355,000, the protocol’s founder pleaded for the hacker to return a portion of the stolen funds.
Stephen Moore · 03/31 10:19

Android malware ‘Crocodilus’ can take over phones to steal crypto

Once a targeted banking or cryptocurrency app is opened, a fake overlay launches over the top and mutes the sound while the hackers take control of the device.
cointelegraph · 03/31 10:04

Trump’s trade war pressures crypto market as April 2 tariffs loom

Bitcoin and stocks face pressure as Trump prepares new tariff announcements for April 2, sparking trade war fears and cooling investor risk appetite.
Kevin Helms · 03/31 03:15

Coinbase Rallies Behind Incoming SEC Chair Promising Full Focus on Crypto Clarity

Coinbase’s legal chief hailed the incoming SEC chair’s vow to prioritize crypto clarity, end debanking, and foster innovation as a long-awaited shift benefiting U.S. markets.
bitcoin.com · 03/31 03:10

SEC Commissioner Calls for 7 Crypto Reforms That Corner Congress With Urgency

SEC commissioner laid out a bold seven-point plan urging Congress to slash red tape, empower existing agencies, and protect peer-to-peer crypto from regulatory overreach.
Vincent Tabora · 03/31 03:09

Centralization and the dark side of asset tokenization — MEXC exec

Stablecoins are the largest tokenized RWA niche, with a market cap of over $227 billion, followed by private credit at over $12.2 billion.