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Gary Gensler's reign as chairman of the US Securities and Exchange Commission (SEC) has been marked by fierce opposition to the crypto industry, making him the sector's leading opponent. However, with his term set to expire in 2026 and the upcoming 2024 election potentially leading to a change in leadership, many in the crypto industry are anticipating a shift away from his law enforcement-focused approach. There is. Mr. Gensler's tenure began in 2021, during which he made the pivotal decision that no new rules were needed to regulate cryptocurrencies. Instead, he considered existing securities laws, especially howie test Starting in…
Hedge fund executive Brevan Howard said the United Arab Emirates' (UAE) smart approach to cryptocurrency regulation has made it a top region for digital asset trading. Ryan Taylor, head of compliance at the $35 billion hedge fund Brevan Howard Group, said Monday at the AIM conference in Dubai that UAE regulators will He said he wanted to “fly.” “The UAE regulators are strict but want the industry to develop, have developed sensible regulations and are open to discussions with the industry to evolve the regulations.” Also present at the event was Brandon Robinson, Deputy Head of Private Markets at JPMorgan…
Electric car company Tesla moved all of its Bitcoin in a flurry of transactions last week. However, according to blockchain intelligence firm Arkham Intelligence, Elon Musk's company likely moved the coins to other wallets it manages.Arkham posted the move on Twitter (also known as X) on Tuesday. The company is one of the largest listed companies that has invested in major cryptocurrencies and tracks the movements of its cryptocurrencies.According to Arkham, the bitcoins had not been moved in the two years prior to October 15th. The coins were reportedly placed in seven new wallets that appear to be controlled by…
SEC Chairman Gary Gensler pushed back against criticism of the SEC’s enforcement-driven regulatory approach to cryptocurrencies in an October 22 interview with Bloomberg Technology.In response to criticism that the SEC has not adapted its approach to the evolving digital asset space, Gensler emphasized the importance of leveraging established laws to protect investors and maintain market integrity. repeated.executive approachThe SEC's methods have come under increasing scrutiny, with criticism that reliance on enforcement stifles innovation and leaves corporate management uncertain.Despite these criticisms, Gensler maintained that the current legal framework has been sufficient for nearly a century and remains adequate to regulate both…
After a harsh crypto winter that started two years ago, Bitcoin broke its previous record in 2024. Bitcoin price crossed the $70,000 level for the first time in March 2024. The rally was driven by the SEC's approval of a new Bitcoin spot exchange-traded fund (ETF) that makes it easy to invest in Bitcoin with just a brokerage account or retirement account. account. The first Ethereum ETF also began trading in July after receiving permission from the SEC two months ago. As Bitcoin becomes more mainstream, is it time to get involved? Proceed with caution. A Pew Research Center survey…
FRANKFURT, GERMANY – JUNE 13: A huge euro logo can be seen in front of the European Union headquarters. … [+] Central Bank (ECB) meeting in Frankfurt, Germany, June 13, 2005. Germany's economy was hurt by the dollar's strength against most major currencies on Monday, with the euro in particular hitting a nine-month low against the dollar. Photo credit: Ralph OrlowskiGetty Images Recent actions by central banks and governments have raised questions about whether there is a coordinated effort to rein in Bitcoin. In a recent working paper from the European Central Bank, Impact on Bitcoin circulation Bitcoin This paper…
Popular cryptocurrency analyst Jason Pizzino said traders should not necessarily expect Bitcoin (BTC) to witness a significant decline before its next rally. In a new YouTube video, Pizzino tells his 335,000 subscribers that every time people expect a “last flush” from a weak hand before the BTC market explodes, Bitcoin tends to do the opposite. I will say that there is. Analysts note that Bitcoin has risen over the past six months to an all-time high in March of this year, and predict that Bitcoin's current rally could also last a total of six months. Since it started last month,…
Historically, October has been: Bitcoinwas its best-performing month and caused notable price increases over the years. Considering Bitcoin's price this month, several crypto analysts believe the digital asset could be gearing up for a breakout that could trigger a new all-time high. I'm thinking. Is a big move in Bitcoin imminent? As October slowly draws to a close, market expert and trader Titan of Crypto says: predicted Bitcoin’s notable breakout in the month usually referred to as “Uptober”, reflecting the much-awaited bullish momentum. Expert predictions suggest current prolongation integration phase The end is near as crypto assets brace for an…
Wired reported on October 22 that Canadian cryptologist Peter Todd has gone into hiding following the release of an HBO documentary indicting Bitcoin's elusive founder Satoshi Nakamoto.The film, called “Money Electric: The Bitcoin Mystery,” aired on October 9th and claimed to reveal Nakamoto's true identity after years of speculation.The documentary, directed by filmmaker Karen Hoback, examines the many candidates for the role of Bitcoin's founder, ultimately focusing on Todd, but Todd is the last of the film's final In the scene he said:”Well, I'm Satoshi Nakamoto.”Todd later clarified that his remarks were taken out of context and were meant as…
A widely followed cryptocurrency analyst is warning that the value of Ethereum (ETH) could plummet in tandem with a Fed rate cut. In a new video update, cryptocurrency strategist Benjamin Cowen tells his 818,000 YouTube subscribers that ETH followed a similar pattern in 2019, plummeting to the lower end of the log-regression band and becoming the highest ranked altcoin. said it could be about $1,000. The analyst said log-regression bands are designed to track the fair value of assets using “non-bubble data.” “The reason I compare 2024 to 2019 is if you look at the rate hike cycle, just looking…