The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler recently stated that the regulatory agency is working with the Commodity Futures Trading Commission (CFTC) on regulating cryptocurrencies. Appearing in an interview with Bloomberg this week, SEC Chief Gary Gensler was asked on the state of crypto regulation in the US to which he replied “We do have a broad agenda and crypto is part of that agenda.” To make this possible, the securities regulator is working with the American derivatives market regulator, Commodity Futures Trading Commission (CFTC). “We are going to work with the Commodity Futures Trading Commission (CFTC) where there are some commodity tokens. While many of these are securities, some may be under their remit. We work together as two federal agencies,” Gensler added. On Wednesday, the Wall Street Journal reported that the Chairman of the Commodity Futures Trading Commission, Rostin Behnam called out lawmakers to grant the agency authority to regulate cryptocurrencies as such assets are in great need of protection, according to him. Behnam is of the view that the Congress should pass a law that would allow CFTC to regulate certain types of cryptocurrencies while providing funding to conduct additional oversight. Currently, the agency is limited to only regulating derivatives. According to him, such legislation would aim to fill a regulatory gap, as some types of cryptocurrency fall outside the jurisdiction of the federal government’s including the Securities and Exchange Commission (SEC). Behnam’s appeal came just a day after the US Justice Department seized over $3.6 billion worth of Bitcoin stolen during the hack of Bitfinex cryptocurrency exchange, its largest financial seizure ever.

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The head of Wall Street’s top derivatives regulator urged lawmakers to give his agency more authority and a bigger budget to oversee trading in the fast-growing cryptocurrency market. Commodity Futures Trading Commission Chairman Rostin Behnam said on Wednesday that an increase of at least a $100 million to the regulator’s annual budget of about $300 […]

A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralized finance (defi) protocols. New SEC Proposal Could Hurt the Crypto Industry, Commissioner Peirce Cautions U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has […]

Hester Peirce, popularly known in the digital currency ecosystem as “Crypto Mom” has issued a note of warning that a new proposal from the commission can significantly hurt the Decentralized Finance (DeFi) ecosystem. (Read More)

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask...

The post The U.S. Is Looking to Have More Say in Crypto Regulation appeared first on Live Bitcoin News.

Valkyrie Investments will oversee NEM and Symbol protocol’s $700 million token treasury in a tie-up between modern-day asset managers and the digital realm. The multi-sig setup, which was formalized on Jan. 25, according to on-chain data, is an early instance of collaboration between two disparate corners of crypto. Valkyrie is a Wall Street-facing outfit known…

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The United States Securities and Exchange Commission (SEC) has published an order disapproving a proposed rule change to list and trade the shares of the Fidelity Investment-backed Wise Origin Bitcoin Trust under the BZX Rule. (Read More)

Lobbying in the US continued to heat up at the tail end of 2021, particularly among major crypto exchanges seeking to comply with local regulations.

The post FTX.US, BinanceUS and Gemini jumped into US lobbying in recent months, yet they trail Coinbase’s $1 million quarterly spend appeared first on The Block.

The Biden Administration's secret crypto strategy is becoming clear: it wants to force stablecoin issuers into the arms of big banking.

  The Securities and Exchange Commission (SEC) of the United States seems to be transferring in direction of a extra ‘crypto pleasant’ method on the subject of rules.  Since the primary in 2013, SEC actions in opposition to cryptocurrency firms and startups had been on the rise. But based on current statistics from financial analysis […]

The post US SEC Taking More ‘Crypto-Friendly’ Approach To Regulations, PLUS Exclusive Details on Industry and Politicians Private Washington DC Talks.. | Live Breaking Cryptocurrency News | Global Crypto Press appeared first on Bitcoin Upload.

Why focusing on aspects of Bitcoin that distinguish it fights altcoin spam better than anything.

So far, the Securities and Exchange Commission (SEC) in the United States has brought 97 cryptocurrency enforcement proceedings. In addition to this, the securities regulator has fined digital asset market participants a total of $2.35 billion in monetary penalties. Last week, Cornerstone Research released a report titled  SEC Cryptocurrency Enforcement: 2021 Update.   According to the company, the report examined SEC enforcement activities from July 2013 to December 2021, the company elaborated in detail: “Since the first action in July 2013, the SEC has brought a total of 97 enforcement actions as of December 31, 2021.” According to the report, there were 58 cryptocurrency-related litigations and 39 administrative proceedings in the enforcement activities. Almost half of the 58 lawsuits were filed in the state of New York. As of January 3, 31 lawsuits had been settled. Moreover, the securities regulator issued ten overdue filing orders, twenty trading suspension orders, as well as a number of subpoenas and administrative actions. The study revealed that the SEC’s enforcement effort has remained focused on cryptocurrencies under the current administration. The report notes: “Under the new administration, the SEC’s enforcement activity has continued to focus on cryptocurrency-related actions.” Last week, Gary Gensler, Chairman of SEC stressed that crypto trading platforms must be regulated to ensure investor protection. In December last year, the chairman added a crypto adviser to his executive staff. Earlier this month, The North American Securities Administrators Association (NASAA) and state regulators said that ‘investments related to cryptocurrencies and digital assets are our top investor threat by far.’

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