Tagged: gary gensler

December 13, 2022 @ 7:52 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed fraud charges against Sam Bankman-Fried, founder and former CEO of FTX. The crypto exchange filed bankruptcy last month as allegations of malfeasance surfaced. In a simultaneous action, the Commodities Futures Trading Commission (CFTC) announced charges as well…. Read More

November 30, 2022 @ 10:47 am By JD Alois  |  

  The Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), has posted two letters advising the Commission on key policy goals that impact capital formation, especially for smaller – private firms. The Committee is the creation of the SEC Small Business… Read More

November 18, 2022 @ 4:21 pm By JD Alois  |  

Senator Josh Hawley has sent a letter addressed to Attorney General Merrick Garland, Securities and Exchange Commission (SEC) Chairman Gary Gensler, and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam, demanding all correspondence between the three federal entities and the Democrat party. Following the bankruptcy of FTX –… Read More

November 7, 2022 @ 3:43 pm By JD Alois  |  

SEC Chairman Gary Gensler is losing his Chief of Staff, Prashant Yerramalli. An announcement issued by the Commission indicates that Yerramalli will depart the SEC at the end of the year. Yerramalli served as the SEC’s Chief of Staff since Jan. 20, 2021, initially under… Read More

November 3, 2022 @ 12:21 pm By JD Alois  |  

Senator Pat Toomey, the ranking member on the Senate Banking Committee, and Representative Patrick McHenry have co-authored a letter addressed to SEC Chairman Gary Gensler demanding answers regarding “mismanagement” of the Commission, which were highlighted in a recent report by the SEC’s Office of Inspector… Read More

October 26, 2022 @ 3:43 pm By JD Alois  |  

Representatives Patrick McHenry and Bill Huizenga have sent a letter to Representative Maxine Waters asking the Chair of the House Financial Services Committee to convene a hearing in November with SEC Chair Gary Gensler. McHenry is the Ranking Republican on the House Financial Services Committee… Read More

October 25, 2022 @ 11:45 am By JD Alois  |  

Multiple Democrat elected officials are slamming public financial agency leaders in a public letter criticizing the “revolving door” of public officials going over to crypto firms. The letter is signed by Senators Elizabeth Warren and Sheldon Whitehouse, along with Representatives Alexandria Ocasio-Cortez (AOC), Rashida Tlaib,… Read More

October 18, 2022 @ 10:34 am By JD Alois  |  

Republicans on the House Committee on Financial Services have sent a letter to SEC Chairman Gary Gensler criticizing his management of the securities regulator, specifically pointing to problems with proposed rules and receiving comments from the public. Earlier this month, the SEC announced that it… Read More

October 15, 2022 @ 4:32 pm By JD Alois  |  

Last week, Senator John Hickenlooper sent a letter to SEC Chairman Gary Gensler criticizing the SEC’s inability to provide bright-line rules on digital assets. One of the most interesting aspects of the letter is that it came from a Democrat Senator who is chastizing an… Read More

October 7, 2022 @ 4:15 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has re-opened the commenting period due to a “technological error,” according to a statement by the regulator. Historically, when the Commission proposes new rules, there is a period of time where individuals and entities may comment as to how… Read More

October 4, 2022 @ 11:26 am By JD Alois  |  

Pending digital asset legislation is piling up in the US House and Senate with some of these bills poised to move forward following the outcomes of the midterm elections. Last week, Senator Bill Hagerty, a member of the Senate Banking Committee, introduced the Digital Trading… Read More

October 3, 2022 @ 7:20 pm By JD Alois  |  

The Financial Stability Oversight Council has published the expected Report on Digital Asset Financial Stability Risks and Regulation. According to the US Department of Treasury, the Council voted unanimously to approve the report in response to President Biden’s Executive Order 14067, “Ensuring Responsible Development of… Read More

October 3, 2022 @ 8:24 am By JD Alois  |  

Global influencer, celebrity, and entrepreneur Kim Kardashian has settled charges with the Securities and Exchange Commission (SEC) regarding allegations of promoting a “crypto asset security” without revealing she was paid for touting the digital asset on social media. The promotion took place in June of… Read More

September 22, 2022 @ 4:38 pm By JD Alois  |  

Several House Republicans have sent a letter to SEC Chairman Gary Gensler challenging his authority to demand climate disclosure reports from firms as well as other proposed rules, including ESG ambitions and areas like SPACs. Republican members of the House, including the top Republican on… Read More

September 15, 2022 @ 5:39 pm By JD Alois  |  

SEC Chairman Gary Gensler testified in front of the Senate Banking Committee today, reiterating his opinion that in regards to digital assets  (or crypto assets) that the vast majority are securities. The exception being Bitcoin, and perhaps Ethereum – which entail much of the crypto… Read More

September 9, 2022 @ 6:08 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has created two new offices – one focused specifically on the digital asset or crypto-asset sector. According to the SEC, the Office of Crypto Assets has been added to the Division of Corporation Finance’s Disclosure Review Program (DRP). The… Read More

September 8, 2022 @ 2:12 pm By JD Alois  |  

SEC Chairman Gary Gensler continues to assert that pretty much all digital assets are securities and should be regulated as such. As part of the SEC Speaks series, Chair Gensler said that of the approximately 10,000 “tokens” he believes they are securities and the few… Read More

August 24, 2022 @ 8:35 pm By JD Alois  |  

Several days ago, SEC Chairman Gary Gensler took to the pages of WSJ.com to reflect on crypto markets and regulations. This has been a hot topic for several years now as clear-cut rules by regulators still don’t quite exist. Chair Gensler is of the opinion… Read More

August 1, 2022 @ 12:35 pm By JD Alois  |  

Earlier this year, the Securities and Exchange Commission (SEC), Small Business Capital Formation Advisory Committee (SBCFAC), held a meeting to discuss proposed rules on climate risk disclosure. The meeting addressed potential rule changes initiated by the SEC and championed by SEC Chairman Gary Gensler. When… Read More

July 27, 2022 @ 7:41 pm By JD Alois  |  

In the past week, CI has reported on the enforcement action initiated by the Securities and Exchange Commission (SEC), involving a former Coinbase (NASDAQ:COIN) manager and two partners regarding allegations of insider trading. According to the SEC’s complaint, non-public information was accessed prior to release,… Read More