#Gary Gensler
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By Declan Harty
POLITICO
03/06/2023 09:13 AM EST
From the article:
Dozens of Democratic lawmakers are stepping up pressure on SEC Chair Gary Gensler to push ahead with a landmark climate risk disclosure rule that’s facing fierce opposition from Wall Street to Washington.
Led by Sens. Elizabeth Warren and Sheldon Whitehouse, as well as Reps. Jamie Raskin and Dan Goldman, more than 50 lawmakers urged Gensler in a letter that was shared with POLITICO to not back down on a proposal to force companies to disclose information about their carbon footprints. The proposal would cover, in some cases, the greenhouse gas emissions generated by companies’ vast networks of suppliers and customers, known as Scope 3.
POLITICO previously reported that Gensler has considered scaling back the Scope 3 requirement — the rule’s most contentious feature because it’s so sweeping — over concerns about a wave of litigation that is likely to hit the SEC once the rule is finalized. The Wall Street Journal has also reported that the agency is weighing whether to pull back on another financial reporting component of the rule given the coming courtroom fights.
The lawmakers say investors are demanding the information — and that Wall Street’s top regulator needs to “issue a strong climate risk disclosure rule as quickly as possible.” They called the idea of preemptively curtailing the rule’s Scope 3 and financial reporting components to head off legal risks “deeply misguided.”
“The proposed rules are necessary and overdue,” they wrote to Gensler on Sunday, adding that if the SEC waters down the plans the agency “would be failing its duty to protect investors.”
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Potential Uptrend Ahead: Chart Analysis Indicates Positive Momentum for Ethereum
Ethereum (ETH) enthusiasts and traders find themselves at a critical juncture as the cryptocurrency's price chart reveals intriguing patterns and potential market movements. Recent data, meticulously marked in yellow on the chart, signifies the completion of another 5-wave pattern, originating from a low point at January's end. This revelation marks a strategic point for analysis, urging market participants to exercise caution and anticipate a possible wave 2 retracement.
Crucial to this analysis are the support levels identified between $2,324 and $2,651. A decisive fall below $2,877 would signal a potential peak in the current upward momentum, introducing the possibility of a trend reversal. Technical analysts, including Morecryptoonline, provide valuable insights through their technical and Elliott Wave analysis, guiding traders through the intricate terrain of Ethereum's price movements.
The observed price movement on Ethereum's chart exemplifies the inherent volatility of the cryptocurrency market. However, maintaining a position above the established support level of $2,324 opens the door to potentially lucrative returns. The prospect of Ethereum's upward trajectory towards the $8,000 to $12,000 range hinges on its performance relative to these identified support zones. Even a dip below the yellow-marked support area could be interpreted through a bullish lens, prompting traders to reassess their strategies.
Fred Krueger, a crypto investor, injects a layer of skepticism by highlighting the diminishing use case and direct engagement of Ethereum. Despite this, investors continue to propel its market capitalization upwards, drawing parallels to a "meme coin" akin to Shiba Inu. This discussion prompts a closer examination of Ethereum's intrinsic value, especially amidst a market teeming with more efficient and cost-effective blockchain technologies.
Adding complexity to Ethereum's landscape are regulatory hurdles, notably the skepticism from SEC Chairman Gary Gensler regarding approving an Ethereum ETF. Krueger's reservations about Ethereum's regulatory future underscore the intricacies of cryptocurrency investments and the critical role regulatory acceptance plays in the sustainability and growth of digital assets.
Ethereum's recent climb within a rising channel since the beginning of 2024 is a noteworthy aspect of its journey. Surpassing the crucial $2,900 resistance mark, Ethereum is currently valued at $2,965, with a daily increase exceeding 1%. Technical indicators, including the Relative Strength Index (RSI), the Moving Average Convergence Divergence (MACD) indicator, and the Chaikin Money Flow (CMF) indicator, contribute to a comprehensive roadmap for traders, aligning with a positive outlook for Ethereum in the marketplace.
In conclusion, Ethereum's price chart dynamics present both challenges and opportunities for traders. Navigating the complexities of support levels, market sentiment, and regulatory landscapes requires a nuanced approach. Ethereum's resilience and potential for continued upward momentum underscore its significance in the evolving crypto landscape, providing traders with a roadmap to navigate the intricate terrain of digital asset trading.
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हार के बाद भी अपनी बात पर अड़े हुए हैं Gary Gensler
कई अदालती असफलताओं के बाद भी Gary Gensler इस बात पर अड़े हुए हैं कि उनकी एजेंसी को क्रिप्टो पर शासन करना चाहिए।
Gary Gensler
#Gary Gensler#SEC#United States#latest news on cryptocurrency#latest crypto news#top cryptocurrency news websites#latest news about cryptocurrency#cryptocurrency news today
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U.S. legislators question SEC and FINRA regarding Prometheum's broker-dealer endorsement.
On the House Financial Services Committee, lawmakers probed into the conditions surrounding FINRA's greenlighting of Prometheum's unique broker-dealer license in May. The committee, including its Chair, Patrick McHenry, and 20 other members, sent distinct letters on August 9th to both the SEC's Chair, Gary Gensler, and FINRA's CEO, Robert Cook. The correspondence highlighted their concerns over FINRA's decision-making process in relation to Prometheum's license, especially amidst ongoing discussions about digital asset regulatory gaps. Though Prometheum markets itself as a pivotal solution for regulated digital asset transactions, the lawmakers pointed out that the firm hasn't catered to a single client. They expressed surprise at FINRA's decision to approve a company that's new and has no established reputation over many other
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SEC vs AI |By Lado Okhotnikov, founder & CEO Meta Force
SEC head Gary Gensler explained in an interview with Yahoo Finance his understanding of the role of artificial intelligence in the financial sector. He expressed concern that AI, which is actively used in financial markets, could cause a financial crisis.
Certainly, this statement requires some comments.
Let’s start with a lack of logic. A simple example: the actions of the SEC cause a crisis in the crypto business without any AI. Let’s imagine that in place of SEC there is an AI that is devoid of bias and emotion and that is guided only by pure logic. How would the crypto business develop?
There is a reasonable assumption that Bitcoin and other cryptocurrency ETF would have been released for several years and millions of new users would have earned on crypto assets.
Regulation would stimulate rather than inhibit the emergence of new crypto products. Cryptocurrencies would make banking operations and remittances quick and secure.
As for the risks of using AI in financial area, they certainly exist. But they are not higher than the «human factor». And by the way, the situation in the fiat economy is such that among the reasons for the AI crisis is not the most important.
Many positive things could be realized with AI.
However, it’s just a fantasy. We don’t have an AI, we have SEC.
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“I’ve been around finance for four decades,” Gensler said in an interview Tuesday. “I’ve never seen so much just noncompliance and hype masquerading as reality as I’ve seen in this field.”
From the Wall Street Journal 2023-06-08
"SEC's Gensler Had Crypto in His Sights for Years" by Dave Michaels and Paul Kiernan
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We already have digital currency. It’s called the U.S. dollar. It’s called the euro or it’s called the yen; they’re all digital right now. We already have digital investments.
–Securities and Exchange Commission Chair Gary Gensler during an appearance at CNBC.
Just a sporadic reminder that crypto is crap. 💩 It doesn't matter that it trends on social media, or gets endorsed by clueless celebs who know zero about currency, or has a plethora of dodgy pseudo-news sites which promote it and make excuses for it.
Crypto is essentially a lot of code that gets cooked up on computers or (even worse) on server farms where its electricity consumption contributes to climate change.
It's not based on anything other than some dodgy wishful thinking. It is definitely not backed up financially nor insured by anybody.
Some people viewed crypto as a get rich quick scheme. The thing is, by the time such schemes become widely publicized, the opportunity to make money off of them has long passed.
One irony about crypto is that you almost always have to pay REAL currency to obtain it.
Crypto: New. Fraud: Old.
#crypto#bitcoin#ponzi scheme#scam#wishful thinking#currencies#fraud#sec#securities and exchange commission#gary gensler#get out of crypto
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SEC-Boss Gary Genler: Alles außer Bitcoin ist ein Wertpapier
SEC-Boss Gary Genler: Alles außer Bitcoin ist ein Wertpapier!
Krypto-Anwälte fragen: Was ist der Plan? 12.000 Gerichtsprozesse und die Kollektivierung von hunderten Milliarden USD?
#regulierung #sec #security
Der führende Börsenaufseher der USA, Gary Gensler, erklärt dem New York Magazine, warum er meint, dass alle Kryptowährungen außer Bitcoin Securities seien – und als solche reguliert werden müssen. Aber was folgt daraus?
(more…) “”
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Maxine Waters doesn't plan to subpoena Bankman-Fried to testify
Maxine Waters doesn’t plan to subpoena Bankman-Fried to testify
Rep. Maxine Waters (D-CA) participates in a House Financial Services Committee hearing in Washington, October 23, 2019.
Erin Scott | Reuters
House Financial Services Committee Chair Maxine Waters told Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at Tuesday’s hearing about the crypto exchange’s rapid demise, according to people with direct knowledge of the…
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Cryptocurrency Firms Must 'Come to Compliance'
Cryptocurrency Firms Must ‘Come to Compliance’
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler speaks with Senator Elizabeth Warren (D-Massachusetts) before testifying at a Senate Banking, Housing, and City Affairs Committee hearing on SEC oversight on Capitol Hill in Washington, D.C. USA, September 14th. , 2021.
Evelyn Hockstein | Reuters
WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler on Wednesday…
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#business news#congress#cryptocurrency#Cryptocurrency exchanges#Elizabeth Warren#Gary Gensler#Latest news: politics#politics#Regulators#Sam Bankman-Fried#SPK#US economy
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https://fortune.com/crypto/2022/11/11/sbfs-disgrace-could-make-things-awkward-for-gary-gensler-and-the-democrats/
#bitcoin#btc#btc latest news#bitcoin latest news#bitcoin education#money#cryptocurrency#bitcoin news#crypto#legislation#gary gensler#ftx#and#politics#regulation
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Criticism from Ripple's Garlinghouse Targets SEC's Gensler Over Crypto Approach
Ripple CEO Brad Garlinghouse has launched a pointed critique against SEC Chairman Gary Gensler, branding him a "political liability" during an interview at the World Economic Forum in Davos. Garlinghouse questioned Gensler's commitment to the interests of the American public and the long-term economic growth of the country. He suggested that a change in SEC leadership would be advantageous for the United States.
The criticism follows the SEC's cautious approach to the cryptocurrency industry, with delayed approvals for Bitcoin ETFs and legal actions against various crypto firms. The SEC's decision to drop charges against Ripple was seen as a significant setback, prompting Garlinghouse's critical remarks.
In the interview with CNBC's Arjun Kharpal, Garlinghouse accused Gensler of acting against the interests of the citizenry and the economy, describing his approach as a "political liability." Despite recent approvals for Spot Bitcoin ETFs, Gensler continues to issue warnings about cryptocurrency investments, leading Garlinghouse to characterize this behavior as "insanity." He predicted a potential change in SEC leadership, suggesting it would be in the best interest of the American people.
Garlinghouse also raised concerns about Gensler's alleged connections with former FTX CEO Sam Bankman-Fried, referencing a video that suggested questionable meetings during a challenging period for FTX. This commentary adds fuel to existing disputes and implies potential political influences on Gensler's regulatory decisions.
The recent court loss by the SEC in a case against Grayscale Investments, where the SEC attempted to block the transformation of Grayscale's Bitcoin trust into a Spot Bitcoin ETF, further supports Garlinghouse's criticism, highlighting perceived flaws in the SEC's regulatory approach.
#Ripple CEO#Brad Garlinghouse#SEC Chairman#Gary Gensler#Bitcoin ETFs#lawsuits#Ripple#discussion#legal matters#SEC case#SEC accusations#Garlinghouse#co-founder#Chris Larsen#securities laws#dropped charges#major setback#Spot Bitcoin ETFs#Gensler's warnings#Cryptotale
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SEC Başkanı Gary Gensler, Kripto Para Piyasasına Dair Konuştu
#kripto #haber #kriptopara
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SEC Awards $825,000 to Whistleblower
SEC Awards $825,000 to Whistleblower
On October 11, the U.S. Securities and Exchange Commission (SEC) announced a $825,000 whistleblower award issued to an individual who voluntarily provided the agency with original information about securities fraud.
The SEC Whistleblower Program offers monetary awards to qualified whistleblowers whose disclosures contribute to the success of enforcement actions. SEC whistleblower awards are for…
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#business#business crimes#Criminal Law#finances#financial institutions#gary gensler#government#legal#SEC#SEC whistleblower program#Securities Law#whistleblower award programs#whistleblower awards#Whistleblowers
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Fresh Rumors Surface Regarding Gary Gensler's Resignation
Rumors of United States Securities and Exchange Commission (SEC) chair Gary Gensler's resignation are once again spreading, and this time, artificial intelligence seems to have played a role. On July 1, an article surfaced on a website called "thecryptoalert.com," alleging that Gary Gensler had stepped down after an internal investigation, according to an unnamed official. However, Cointelegraph discovered that the article's content was highly indicative of AI-generated text, scoring 96.8% on the AI-detection tool ZeroGPT. It is worth noting that the website is relatively new, having only published 17 posts so far, with the earliest one dating back to June 22nd. Furthermore, most of the articles on the site exhibit a significant reliance on artificial intelligence, as evidenced by their approximately 70% score on
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Gary Gensler is worried…
Poor Gary Gensler… We can only sympathize with him. He is worried about the court’s ruling regarding Ripple.
When after the victory in court, the crypto enthusiasts passed the first euphoria, and it was finally possible to read the decision completely. It turned out that the victory is not final and not at all convincing. The judge equated the sale of tokens to institutional investors as securities, which falls under the regulator’s jurisdiction. And here Ripple and its executives faced serious problems. Ripple Labs has sold XRP tokens to hedge fonds for about $730M. According to the court, this is an illegal trading, and now they should expect sensitive sanctions.
SEC head Gary Gensler stated that despite the partial success, the court’s decision upset him. He promised to continue his personal war with cryptocurrencies. Therefore, there will be no easy life for crypto business until there are clear rules of regulation of the crypto area. If the SEC’s plans will be implemented, it would mean the end of the free crypto era in the US.
Lado Okhotnikov, CEO Meta Force confirmed that the court’s decision is ambiguous:
«Indeed, Ripple won an important victory, proving that a secondary market token is not a security. However, the SEC also received a tool for further pressure. So, there will be long trials with unclear outcome...»
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