U.S. Congressman Requests an Explanation on Tornado Cash Sanctions
The United States Congressman Tom Emmer sent a letter to the Treasury Department’s Office of Foreign Asset Control (OFAC) asking them to explain the Tornado Cash sanctions imposed by OFAC earlier this month. The Congressman also emphasized that this type of sanctioning is unprecedented in the United States, as the government has never sanctioned technology […]
SEC Criticized for How It Regulates Crypto — Chair Gensler Says Most Crypto Tokens ‘Have Attributes of Securities’
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities. SEC Slammed for Regulation by Enforcement […]
US Lawmaker Slams SEC for Not Regulating in Good Faith — ‘Under Chair Gensler, SEC Has Become Power-Hungry’
A U.S. congressman has slammed the Securities and Exchange Commission (SEC) and Chair Gary Gensler for cracking down on companies outside the SEC’s jurisdiction. The SEC “is not regulating in good faith,” he said, adding that “Under Chair Gensler, the SEC has become a power-hungry regulator.” Rep. Emmer Slams SEC and Chair Gensler The director […]
The SEC Is Cracking Down on Crypto Companies Outside Its Jurisdiction
Congressman Tom Emmer has raised concerns over the operations of the U.S. Securities and Exchange Commission (SEC), stating that the regulatory body has been cracking down on companies outside its jurisdiction. SEC Has Been Stepping Outside Its Jurisdiction Congressman Tom Emmer, who in March sent a bipartisan letter to SEC Chairperson Gary Gensler, seeking clarity […]
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and UST Collapse U.S. Securities and Exchange Commission Chairman Gary […]
Lawmakers, SEC Commissioner Slam Chair Gensler for Focusing on Crypto Enforcement
Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a commissioner with the […]
8 US Lawmakers Urge SEC to Stop Crippling Crypto, Stifling Innovation
Eight U.S. lawmakers have sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC) regarding how the agency collects information from crypto companies. According to the crypto community, the SEC’s “requests” for information “are overburdensome, don’t feel particularly voluntary, and are stifling innovation.” US Lawmakers Want Answers From SEC U.S. Representatives […]