• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, June 9, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

SEC Chair Pushing Aside Fellow Regulators Over Crypto Regulations?

August 30, 2022
in Regulations
Reading Time: 3 mins read
A A
SEC Chair Pushing Aside Fellow Regulators Over Crypto Regulations?
ShareShareShareShareShare

Related articles

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

June 9, 2023
EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

June 9, 2023

Stuart Alderoty, General Counsel at Ripple came forward to reply to the U.S. Securities and Exchange Commission’s (SEC) recently published blog over crypto markets. SEC Chair mentioned that they treat digital assets just like the rest of the Capital Markets.

SEC Chair stepping over other watchdogs?

Ripple’s General Counsel stated that Gary Gensler, SEC Chair’s main objective is to shield their turf at the expense of the American crypto economy. These actions have left the investors and consumers holding the bag.

Alderoty highlighted that Gensler has chosen the SEC as the cop watching over the crypto space. He blamed the SEC chair managed to push aside the other regulators from this space. However, they are also neglecting US President Biden’s executive order.

As per the released executive order, all the directed agencies need to collaborate to set up a clear regulatory framework for the crypto space. Ripple Counsel mentioned that SEC Chair asserts that whether the car runs electricity or gas, it still needs a seat belt.

However, Alderoty counter’s that electric cars don’t need gas. While in the SEC Chair analogy the commission is selling the gas. They intend to punish whoever ignores to buy it.

Watchdog creating a mess in crypto space?

The counsel added that the commission’s shakedown of BlockFi created a mess in the market. These actions led BlockFi towards the auction block. However, the similar two businesses companies went through the same process.

In these kinds of scenarios, consumers were left unprotected. The market needs clarity over digital assets. The SEC Chair is swinging its billy club in order to protect its turf, added Ripple Counsel.

However, XRP’s amici lawyer in SEC vs Ripple lawsuit commented on the newsletter. He said in the extract of Gensler that the SEC offers to provide protection to consumers. It is the same as Tesla offering gas for their cars.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


Credit: Source link

ShareTweetSendPinShare
Previous Post

5 Best Low Price Cryptocurrencies to Buy – September 2022 Week 1

Next Post

FBI issues security warnings for DeFi platforms

Related Posts

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

June 9, 2023

John Deaton, managing partner at Deaton Law Firm, has called on Binance and Coinbase users to contribute to an amicus...

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

June 9, 2023

EU starts countdown to crypto legislation, adds MiCA to official journal  Cointelegraph Credit: Source link

Binance.US to go ‘crypto-only’ as banking partners cut ties

Binance.US to go ‘crypto-only’ as banking partners cut ties

June 9, 2023

Binance.US announced on June 9 that it would transition to a crypto-only exchange for now. The move comes as its...

United In Innovation: Hong Kong And UAE Central Banks Team Up … – Blockzeit

United In Innovation: Hong Kong And UAE Central Banks Team Up … – Blockzeit

June 9, 2023

United In Innovation: Hong Kong And UAE Central Banks Team Up ...  Blockzeit Credit: Source link

What will the future of global crypto regulations look like? – Forkast News

What will the future of global crypto regulations look like? – Forkast News

June 9, 2023

What will the future of global crypto regulations look like?  Forkast News Credit: Source link

Load More
Next Post
FBI issues security warnings for DeFi platforms

FBI issues security warnings for DeFi platforms

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ethereum clients Prysm, Teku release upgrades to solve network finality issues

Ethereum clients Prysm, Teku release upgrades to solve network finality issues

May 13, 2023
Seven bombshells from the SEC’s Coinbase suit

Seven bombshells from the SEC’s Coinbase suit

June 7, 2023
Binance to Close Canadian Shop Citing Recent Regulatory Changes – CryptoPotato

Binance to Close Canadian Shop Citing Recent Regulatory Changes – CryptoPotato

May 13, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Indian Central Bank Aims To Reach 1 Million CBDC
  • Ankr launches Enterprise RPC and AppChain Solutions on Azure Marketplace
  • How Much Percent Must SHIB Rise To Reach $1?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,666.000.15%
  • ethereumEthereum(ETH)$1,849.03-0.51%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.13%
  • binancecoinBNB(BNB)$262.08-1.10%
  • usd-coinUSD Coin(USDC)$1.00-0.37%
  • rippleXRP(XRP)$0.541.99%
  • staked-etherLido Staked Ether(STETH)$1,849.120.01%
  • cardanoCardano(ADA)$0.318940-3.36%
  • dogecoinDogecoin(DOGE)$0.0698221.97%
  • solanaSolana(SOL)$19.010.90%
  • matic-networkPolygon(MATIC)$0.77-1.02%
  • tronTRON(TRX)$0.0782440.43%
  • litecoinLitecoin(LTC)$89.550.79%
  • polkadotPolkadot(DOT)$5.050.52%
  • avalanche-2Avalanche(AVAX)$14.161.44%
  • binance-usdBinance USD(BUSD)$1.00-0.19%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.16%
  • daiDai(DAI)$1.000.01%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,643.000.56%
  • uniswapUniswap(UNI)$4.660.11%
  • leo-tokenLEO Token(LEO)$3.51-0.93%
  • chainlinkChainlink(LINK)$6.040.73%
  • cosmosCosmos Hub(ATOM)$9.40-1.82%
  • okbOKB(OKB)$45.151.51%
  • moneroMonero(XMR)$142.76-1.91%
  • ToncoinToncoin(TON)$1.702.39%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • ethereum-classicEthereum Classic(ETC)$17.110.44%
  • stellarStellar(XLM)$0.087523-0.53%
  • bitcoin-cashBitcoin Cash(BCH)$111.37-0.70%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • lido-daoLido DAO(LDO)$2.22-1.27%
  • internet-computerInternet Computer(ICP)$4.332.87%
  • filecoinFilecoin(FIL)$4.11-1.31%
  • quant-networkQuant(QNT)$109.30-2.19%
  • AptosAptos(APT)$7.73-0.91%
  • hedera-hashgraphHedera(HBAR)$0.0488930.80%
  • crypto-com-chainCronos(CRO)$0.058530-2.01%
  • ArbitrumArbitrum(ARB)$1.14-0.48%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.42-0.10%
  • vechainVeChain(VET)$0.017498-1.82%
  • apecoinApeCoin(APE)$2.90-0.34%
  • the-graphThe Graph(GRT)$0.113481-1.25%
  • paxos-standardPax Dollar(USDP)$1.00-0.32%
  • fraxFrax(FRAX)$1.00-0.07%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.900.86%
  • rocket-poolRocket Pool(RPL)$47.530.18%