Gary Gensler Archives - Cryptolifedigital

President Biden Vows to Close Crypto Loopholes, Sending Ripples Through the Market

30Jun

By OLAJIDE SAMUELNo Comments

Cryptocurrency

President Biden Vows to Close Crypto Loopholes, Sending Ripples Through the Market

In a bold move aimed at strengthening the integrity of the tax system and levelling the playing field, President Biden has pledged to eliminate tax loopholes for crypto traders and hedge fund managers. With an estimated $18 billion in lost tax revenue attributed to these loopholes, the President aims to restore fairness and accountability within the crypto industry. The announcement sent shockwaves through the market, prompting a brief dip in Bitcoin's value before it rebounded, showcasing the industry's resilience. Read Also: Israel's Ministry of Defense Seizes Millions in Cryptocurrency Intended for Terrorist Financing, with Support from Binance https://twitter.com/WatcherGuru/status/1674462671989530630 President Biden To Address Tax Evasion Practices President Biden made his int...

House Republicans Introduce Bill to Remove SEC Chairman and Restructure Commission

13Jun

By CryptolifedigitalNo Comments

Cryptocurrency

House Republicans Introduce Bill to Remove SEC Chairman and Restructure Commission

In a bold move aimed at reforming the Securities and Exchange Commission (SEC), two House Republicans, Rep. Warren Davidson of Ohio and House Majority Whip Tom Emmer of Minnesota have introduced the SEC Stabilization Act. The bill seeks to remove current SEC Chairman Gary Gensler from his post and restructure the commission to address what the lawmakers described as a "long series of abuses" under the current SEC structure. Two House Republicans Express Concerns Over Gary's Action Citing concerns over Gensler's actions and decision-making, Davidson and Emmer assert that the U.S. capital markets require protection from what they perceive as a "tyrannical Chairman." The lawmakers contend that the ongoing abuses of power necessitate real reform and the removal of Gensler to ensure the marke...

Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?

27Feb

By CryptolifedigitalNo Comments

Ripple News

Gary Gensler’s Failure To Investigate Sequoia Could End His Tenure Deaton Says. What Is Your Opinion?

Attorney Deaton told the Ripple community that the failure of the United States Commission to investigate questionable Chinese investments by Sequoia Capital could be the end of the SEC’s Gary Gensler. Gary Gensler Fails To Investigate Sequoia In his recent tweet, John Deaton noted that Sequoia was also an FTX investor. It came in response to a thread by Brian Costello, a technology executive with a background in international finance. Costello, in his line, calls out Congress for playing a role in allowing China to become a more significant threat to U.S. national security by turning a blind eye to the reluctance of the Gensler-led SEC to investigate firms like Sequoia. Read Also: Bone Shibaswap Unique Wallet Now Surpasses 76,000 https://twitter.com/JohnEDeaton1/status/1629...

Ripple’s General Counsel, Stuart Alderoty Slams Again, Saying SEC Has failed Time And Again To Protect Anyone

11Nov

By OLAJIDE SAMUELNo Comments

Ripple News

Ripple’s General Counsel, Stuart Alderoty Slams Again, Saying SEC Has failed Time And Again To Protect Anyone

Ripple's General Counsel, Stuart Alderoty, has slammed hard on the US commission chairman, Gary Gensler, saying that SEC has failed time and again to protect anyone, but keeps crowing about Kim Kardashian while the lines in bankruptcy courts grow longer for consumers. This insanity must stop. It all started during the CNBC interview with SEC chairman, Gary Gensler once mentioned a need for better investment protection. Read Also: New Whale Accumulates Over 290 Billion SHIB In The Past 24 Hours, Shiba Inu Community Burns Over 43M, SHIB Spikes 2.97% He further called on cryptocurrency-related firms to discuss better ways to regulate the industry with the SEC. Gensler further said the “runway is running out” for cryptocurrency companies as investors continue to get hurt from cr...

Ethereum Now Tops The List Of The Most Staked Crypto Assets

8Oct

By OLAJIDE SAMUEL1 Comment

Ethereum

Ethereum Now Tops The List Of The Most Staked Crypto Assets

The staking platform of the second-largest crypto assets has been receiving massive stakes since the network upgrade. Per the recent news, Ethereum wins the trophy to be one of the most staked crypto assets. Most Staked Crypto Asset The news comes following the successful merge event of the Beacon Chain Consensus Layer incorporated with the Ethereum Execution Layer. Read Also: Gokhshtein Says “XRP [Is] Probably The Only Legitimate Asset [Doing] Well Today,” As It Spikes 70.2% Over The 30 Days, 8% In 24 hours There has been a lot of breakthrough from reporters concerning the merger in favour of the Ethereum network. This announcement is yet another achievement specifically for the smart contract compatible with the blockchain network. Since the whole digital space has ...

Ripple’s Counsel, Stu Alderoty Hits Back On Gary Gensler For Protecting SEC’s Turf At The Expense Of Over 40M American Crypto Economy

30Aug

By Cryptolifedigital1 Comment

Ripple News

Ripple’s Counsel, Stu Alderoty Hits Back On Gary Gensler For Protecting SEC’s Turf At The Expense Of Over 40M American Crypto Economy

The SEC’s chairman, Gary Gensler, was slammed by Ripple’s Counsel, Stu Alderoty, saying that the crypto regulator market Shakedowns are not protecting consumers. As stated in the August 28th opinion piece on Wall Street dubbed “The SEC Wants to Be America’s Crypto Cop,” the Ripple’s Counsel claimed the SEC is downcasting his fellow regulators instead of focusing on providing regulatory clarity for crypto. Read Also: ZokshPay, A Canada-based Payment Solution, Now Supports BabyDogeCoin https://twitter.com/s_alderoty/status/1564275147841871878 In the piece tweeted by Ripple’s Counsel, Stu Alderoty, he cited an instance of the recent Shakedown of BlockFi by the SEC, which resulted in the company ending “up on the auction block” and two other similar companies going “belly up," a...

Attorney John Deaton Accuses Gary Gensler For Leveraging On The Lack Of Congressional Action To Pock-nose Into Crypto.

22Aug

By Cryptolifedigital4 Comments

Blockchain

Attorney John Deaton Accuses Gary Gensler For Leveraging On The Lack Of Congressional Action To Pock-nose Into Crypto.

John Deaton, an attorney representing the amici status and 72,000 XRP holders, has called out Gary Gensler, President Joe Biden’s elect run an agency intended to focus on stock scammers ripping off the unsuspecting for pock-nosing into crypto while neglecting his duty. In a Fox Business opinion piece filed by John Deaton on the 21st of August, the SEC called out to the attorney John for extending its tentacle beyond the limit of its constitution in fighting crypto. Deaton accused Gensler of his attempt to turn the decades of securities law and laid down principles. Deaton Responding to Gensler's Statement It is worth noting that the attorney Deaton is responding to Gensler’s statement in a wall street journal Opinion piece there is no special treatment for the crypto market. ...