Tagged: gary gensler

Regulatory Drums Pound Louder as SEC Chair Gensler Warns Crypto Exchanges on Derivatives, Stablecoins etc.

This past week, Securities and Exchange Commission Chairman Gary Gensler addressed the American Bar Association’s Derivatives and Futures Law Committee. Included in prepared remarks was a warning to crypto exchanges and their digital offerings. While most US-based crypto marketplaces have learned that adhering to securities… Read More

SEC Chair Gensler Announces Policy Team

The Securities and Exchange Commission has announced five people who will serve on Chair Gary Gensler’s policy staff under Director Heather Slavkin Corzo. Corporation Finance Counsel Corey Klemmer was an analyst at the AFL-CIO’s Office of Investment. She will focus on ensuring policies allow investors… Read More

Lisa Fall, CEO of BOX Digital Markets, Waits on SEC for Regulatory Approval of Blockchain Based BSTX

  In 2018, BOX Digital Markets and tZERO entered into a joint venture that was predicted to become the world’s first regulated exchange for trading security tokens.  At the time of the announcement, it was reported that tZERO would manage the tech stack, maintenance, and… Read More

SEC Announces Charges in SPAC Fraud Caper, Warns of SPAC Risks

The Securities and Exchange Commission (SEC) has charged a group of people and companies for misleading claims about a recent special purpose acquisition corporation (SPAC), assertions which stood to gain one CEO $200 million in shares. Facing charges are SPAC Stable Road Acquisition Company, its… Read More

Senator Elizabeth Warren Tells SEC Chairman Gary Gensler That Crypto Exchanges are Undermining the SEC’s Mission

Senator Elizabeth Warren, a member of the Senate Banking Committee, has sent a letter to SEC Chairman Gary Gensler telling the securities regulator that crypto exchanges may be undermining the SEC’s mission of basic investor protections. Gensler, for his part, has publicly worried that crypto… Read More

Securities Expert Concerned that SEC Agenda Could Hobble Capital Formation for Early Stage Firms

Earlier this month, the Securities and Exchange Commission (SEC) shared its regulatory agenda for the next couple of years. The list is quite long and includes many areas of the securities industry. At the top of the list, was the exempt offering ecosystem with the… Read More

SEC Commissioners Peirce and Roisman Criticize Chair Gensler’s Regulatory Agenda While Pointing to Missing Digital Asset Rules

Following the revelation of the regulatory agenda for the Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler, two Commissioners have issued a statement criticizing the list of rules and regulations the Commission is expected to tackle in the coming months. Additionally,… Read More

SEC Outlines Regulatory Agenda, Exempt Securities Top the List Including Reg D, Accredited Investor Definition

The Securities and Exchange Commission (SEC) has outlined its regulatory agenda for the coming months and at the top of the list are exempt securities that include Reg D and perhaps other exemptions such as Reg CF and Reg A+. Of note, is that the… Read More

US Regulators Warn that Bitcoin, Other Cryptocurrencies Pose Significant Financial Stability Risk

US Federal Reserve Chief Jerome Powell recently noted that cryptocurrencies pose significant risks to financial stability. Powell stated on Thursday (May 20, 2021) that greater regulation of crypto assets may be necessary. As reported by Reuters, the US Treasury Department cited concerns about wealthy people… Read More

Global Digital Finance Issues Statement in Support of Eliminate Barriers to Digital Innovation Act Sponsored by US Representatives Patrick McHenry

Global Digital Finance (GDF), a UK-based entity advocating on behalf of the digital asset (or crypto-asset) sector of Fintech, has posted a letter in support of the Eliminate Barriers to Digital Innovation Act of 2021 (HR 1602). The Act was sponsored by US Representative Patrick… Read More

GameStopped Hearing Part III: What’s Next for Policymakers?

Today was the 3rd, and perhaps final, hearing held by the House Committee on Financial Services regarding the GameStop (NYSE:GME) sage regarding short selling by traders chatting on Reddit. As most people are aware, investors on subreddits like Wallstreetbets, combined to drive the value of… Read More

SEC to Hold Virtual Annual Small Business Forum this Month

The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission’s (SEC) 40th Annual Government-Business Forum on Small Business Capital Formation in a virtual event this year in light of the ongoing COVID health crisis. This is the 40th… Read More

Next GameStop Hearing at House Committee of Financial Services to Include SEC Chairman Gary Gensler

Later this week, the House Committee on Financial Services will hold a hearing addressing the GameStop trading phenomenon. This will be the third hearing the Committee will have held on the short squeeze that was partly orchestrated by individual chatting on Reddit. Many of the… Read More

SEC Director of Enforcement Alex Oh Resigns a Week After Being Appointed

A mere week after being announced as the new Director of the Division of Enforcement, Alex Oh has resigned for personal reasons, according to the Securities and Exchange Commission (SEC). Reportedly, Oh resigned due to a complication from a case that occurred while in private… Read More

Finders: Is the SEC Finally Ready to Clarify this Cloudy Issue for Startups and Other Private Companies?

  In an effort to address an issue that has frustrated the business community for years, including startups, tech companies, and “finders,” the U.S. Securities and Exchange Commission (SEC) published a proposed conditional exemption for finders on October 7, 2020. Under the proposal, people (i.e.,… Read More

SEC Small Business Capital Formation Advisory Committee Schedules Meeting for April 30th

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee, has scheduled a meeting for Friday, April 30, 2021, from 10:00 a.m. to 2:30 p.m. (ET). This will be a virtual meeting and the event will be open to the public via a… Read More

Gary Gensler Approved by Senate as Chairman of the SEC

In a floor vote yesterday, the US Senate approved the selection of Gary Gensler as the next Chairman of the Securities and Exchange Commission. The current SEC Commissioners joined in welcoming the new Chair stating: “A warm congratulations to Gary Gensler on his Senate confirmation… Read More

Pushing Through the Fintech Frontier: Financial Regulators Poised to Expand Fintech and Cryptocurrency Oversight


President Joe Biden’s young administration is poised to deliver heightened – and perhaps unprecedented – regulatory scrutiny of the exploding Fintech industry.  The groundwork for a more active regulatory regime has been set over the course of the past decade.  Prior administrations harnessed existing enforcement… Read More

Gensler’s and Chopra’s Nominations to SEC and CFPB Move to Full Senate for Vote

Last week, the Senate Banking Committee voted to 14-10 to move forward with Gary Gensler’s nomination as the Chairman of the Securities and Exchange Commission. On the same day, the vote was taken on Rohit Chopra and his nomination as Director of the Consumer Financial… Read More

Jackson Mueller of Securrency Comments on Incoming SEC Chairman Gary Gensler

Last week the Senate Banking Committee held a confirmation hearing for Gary Gensler, the individual selected by President Biden to lead the Securities and Exchange Commission (SEC). Gensler is well known to Washington, DC having previously been Chairman of the Commodities Futures Trading Commission during… Read More

Send this to a friend