Blockchain Association members say courts will prove SEC, Gary Gensler wrong

2023-6-8 23:52

Members of the Blockchain Association have commented on recent actions from the U.S. Securities and Exchange Commission (SEC).

CEO says Gensler will be proven wrong

The SEC sued Binance and Coinbase on June 5 and June 6, respectively. Blockchain Association CEO Kristin Smith commented on those events on June 6, stating:

“The SEC doesn’t make the law – it only makes accusations – and we’re confident the courts will prove [Securities and Exchange Commission] Chair [Gary] Gensler wrong in due time.”

She said that, despite Gensler’s claims, there is no regulatory clarity for the crypto industry. She also expressed support for a Republican discussion draft that could create clear regulation and “reign in Chair Gensler’s relentless crusade.” Smith said that her group will advocate for its members and fight the SEC in court.

In a separate interview with Forbes on June 7, Smith said that the SEC could take action against other companies. However, she believes the SEC’s existing action against Coinbase has already sent the “message that [Gensler] wanted to send.”

Chief Policy officer also comments

Other members of the Blockchain Association have also commented. Chief Policy Officer Jake Chervinsky said that the SEC’s description of investment contracts is so broad that “basically all luxury goods in existence,” from watches to cars, could be securities.

The SEC alleged in its case against Coinbase that the firm’s staking program and crypto listings are investment contracts. It also said that “novel investment vehicles” such as orange groves and mobile phones have been found to be investment contracts.

Chervinsky further criticized the SEC’s treatment of Coinbase’s business model and hurting those who invested in the company’s stock. He echoed Smith’s comments on the lack of clarity and the SEC’s possible loss in court.

Coinbase has not yet announced its full plans to fight the SEC. It is currently persisting with its petition for rulemaking, CLO Paul Grewal stated on June 6.

The post Blockchain Association members say courts will prove SEC, Gary Gensler wrong appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 0.0910131 (-88.98%)

sec gensler wrong blockchain june association members

Источник: cryptoslate.com

sec gensler → Результатов: 126


Фото:

Криптосообщество возмутилось заявлениями главы SEC

Глава Комиссии по ценным бумагам и биржам США (SEC) Гэри Генслер высказался о проблемах соблюдения законодательства в сфере криптовалют. Его заявления вызвали бурную реакцию в криптосообществе. Генслер подчеркнул, что многочисленные нарушения в этой области подрывают доверие к рынку и оставляют пострадавших без помощи, вынуждая их обращаться в суд в случае банкротства.

2024-1-2 18:26


Глава SEC относит биткоин к категории товаров

Председатель Комиссии по ценным бумагам и биржам (SEC) Гэри Генслер периодически заявляет, что цифровые валюты необходимо регулировать. Накануне в интервью телеканалу CNBC Генслер подтвердил свою жесткую позицию.

2022-6-29 12:51


SEC Chair Gensler: SEC Will Not ‘Ban’ Crypto

U. S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up to Congress.

2021-10-6 01:06


SEC и CFTC борются за право регулирования криптосферы

Глава SEC Гэри Генслер недавно заявил о необходимости скорейшей легализации криптовалютной индустрии. По его мнению, контролировать этот рынок должна Комиссия по ценным бумагам и биржам. Цифровые активы Генслер предложил отнести к классу ценных бумаг.

2021-8-6 19:04


Фото:

Just Like Ripple’s XRP; Biden’s SEC Chair Nominee Gary Gensler to go after More “Unregistered Securities”

While Ripple grapples with the SEC lawsuit against the company and its executives, more cryptocurrencies may be facing the same fate soon. Gary Gensler, the nominee for SEC chairmanship under Biden’s administration says there may be more unregistered securities like XRP out there, hence the need for stricter regulation of the space. Gensler who is […]

2021-1-16 23:58


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

FBI warns of risks with non-KYC crypto entities

The FBI warns against using unregistered crypto services lacking KYC compliance, risking financial loss and legal repercussions. The post FBI warns of risks with non-KYC crypto entities appeared first on Crypto Briefing.

DOJ insists Tornado Cash operated as a ‘commercial enterprise’

The Department of Justice alleges Tornado Cash founders personally profited from the mixer while keeping it running amid proceeds from major hacks flowing through the platform. The post DOJ insists Tornado Cash operated as a ‘commercial enterprise’ appeared first on Crypto Briefing.

Custodia Bank files notice of appeal in Federal Reserve case

Custodia Bank filed a notice of appeal in its ongoing case against the US Federal Reserve on April 26. The bank intends to appeal an earlier judgment that denied its entitlement to a Federal Reserve master account, a service that allows access to the central bank’s system without relying on intermediary banks.