Gary Gensler

Here’s what Gary Gensler thinks about bitcoin

Good morning, and welcome to Protocol Fintech. This Tuesday: Gensler on bitcoin, Cawthorn’s crypto and PayPal’s layoffs. Who said crypto’s worthless? At Davos, Tether was handing out free pizza slices to celebrate Bitcoin Pizza Day, the time when a poor soul exchanged 10,000 bitcoin, then worth $41 and now worth roughly $300 million, for two pies. The gathering of central bankers, the traddiest of the TradFi crowd, jostled elbows with HODLers. Even as Christine Lagarde of the ECB argued that crypto was “worth nothing,” Circle CEO Jeremy Allaire and FTC CEO Sam Bankman-Fried showed up to make the case for digital assets. One lesson: Don’t pay for pizza.
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Chairman Gary Gensler Tells Congressional Committee Crypto Exchanges Need to Register as Exchanges with SEC

SEC Chairman Gary Gensler testified in front of the Subcommittee on Financial Services and General Government, part of the House Appropriations Committee, to justify the agency’s budget request. As part of the questioning from various members, Gensler answered several questions which were crypto-related. Chairman Gensler affirmed his belief that...

SEC Chair Gary Gensler Says Crypto Exchanges Are Betting Against Their Own Clients: Report

U.S. Securities and Exchange Commission (SEC) chair Gary Gensler says the way crypto exchanges are structured could work to the disadvantage of users. In a new Bloomberg report, Gensler notes that, unlike traditional finance, cryptocurrency exchanges have not set up clear distinctions between various aspects of their service. Since exchanges...

Gary Gensler has become crypto’s Enemy No. 1. Does he care?

In April, SEC Chair Gary Gensler gave a cautious assessment of crypto: “lots of innovation, but plenty of hype.”. Ripple general counsel Stuart Alderoty picked up on something else Gensler said in his speech at the University of Pennsylvania, in which he reminisced about studying at his alma mater’s law school library.

SEC Chair Gary Gensler Says Agency is Plans to Regulate, Register Crypto to Protect Investors

The $2 trillion crypto market will soon be subject to much greater governmental oversight. SEC Chair Gary Gensler announced this week that his agency plans to register and regulate digital currencies. He also revealed that the U.S. will focus on three different areas - crypto platforms, stablecoins, and crypto tokens. Jarrod Loadholt, partner at the law firm Ice Miller, LLP, joined Cheddar News' Closing Bell to discuss.