#GARYGENSLER News

The CFTC's suit against Binance marks a deepening crackdown on the crypto industry
businessinsider.com Happy Tuesday, readers. I'm Phil Rosen. I'm a day late, but did you see the new episode of Succession? Phew. I've already got my popcorn ready for this Sunday. In other…

Ripple CTO Proposes Regulatory Face-Off
u.today Ripple CTO David Schwartz has called for resolution to ongoing regulatory battle between U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading…

7 details in the CFTC lawsuit against Binance you may have missed
cointelegraph.com The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to…

Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
bitcoin.com Ethereum co-founder Joseph Lubin says the strength of the crypto ecosystem “has never been better or stronger.” He believes “more clarity” from regulators would be helpful…

CFTC Calls Ether A Commodity In Binance Suit, Highlighting Complexity Of Classification
zerohedge.com CFTC Calls Ether A Commodity In Binance Suit, Highlighting Complexity Of Classification By Derek Anderson of CoinTelegraph The suit claims Binance used Ether as a commodity…

The long-awaited crackdown on crypto's Binance is here and it has chat messages about alleged criminal clients: 'Like come on. They are here for crime'
fortune.com A new civil suit against Binance filed by the Commodity Futures Trading Commission accuses the crypto giant of a slew of counts, including failing to register its derivative…

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance
coindesk.com Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at…

CFTC calls ETH a commodity in Binance suit, highlighting the complexity of classification
cointelegraph.com The United States Commodity Futures Trading Commission (CFTC) filed suit against Binance on March 27 for violations of the Commodities Exchange Act and CFTC regulations.…

‘Fatal Blow?’: Crypto Industry Reacts to CFTC Suit Against Binance
blockworks.co As the CFTC perpetuated a string of enforcement actions against crypto companies by suing Binance and its CEO Monday, industry watchers warned that the crypto exchange could…

Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong Kong
cryptoslate.com Justin Sun does not believe the U.S. fraud charges levied against him will impact Huobi Global’s license application in Hong Kong, Nikkei Asia reported on March 27. However,…

Binance Sued by the CFTC
cryptobriefing.com The CFTC filed a 74-page complaint against Binance today at the U.S. District Court for the Northern District of Illinois. It claims the company is engaging in…

The End Of The Rule Of Law, In Financial Markets And The Airline Industry
viewfromthewing.com This past week the Securities Exchange Commission sent a ‘Wells Notice’ to Coinbase, letting them know that the SEC is likely to bring an enforcement action. It’s not…

SEC’s Coinbase Fight Puts Exchange, Crypto Survival on the Line
bloomberglaw.com The SEC’s decision to target Coinbase Global Inc. for enforcement actions sets the stage for a protracted legal battle that threatens the top US crypto exchange and…

Why Coinbase Will Lose Its Battle With the SEC (Wells Notice Edition)
linkedin.com According to Coinbase, the enforcement staff of the U.S. Securities and Exchange Commission (SEC) wants to charge Coinbase with violations of the U.S. securities laws…

Lindsay Lohan charged over cryptocurrrency scheme
digitalspy.com Mean Girls actress Lindsay Lohan has been charged with failing to disclose that she was being paid to promote cryptocurrency tokens on social media. According to the US…

Crypto industry poised for clash with government over crackdown
politico.com Crypto businesses have warned for months that the Biden administration is quietly moving to push them out of the U.S. Now, with the collapse of three crypto-friendly banks,…

Crypto Weekly Roundup: Do Kwon Arrested And More
cryptodaily.co.uk After being charged with multiple law enforcement agencies and reportedly being on the run, Terraform Labs founder Do Kwon was finally arrested this week in Montenegro.…

Scrutiny of major crypto institutions is intensifying
economist.com T is hardly known for understating its own importance. Its members dubbed the implosion of , the crypto exchange which collapsed spectacularly in November, the industry’s…

SEC Charges Do Kwon With Offering Unregistered Securities
cryptobriefing.com Nine months after Terra’s spectacular meltdown, the SEC has finally decided to charge Do Kwon. Do Kwon is back in the headlines. The Securities and Exchange Commission filed…

US government's crackdown on cryptocurrency akin to a witch-hunt
azcoinnews.com The collapse of major projects such as LUNA, Three Arrows Capital, and FTX, along with the banking crisis, has made US policies even more stringent. On March 8th, Silvergate…

Crypto Faces Legal Reckoning as SEC Prepares Action Against Coinbase
wsj.com WASHINGTON—The Securities and Exchange Commission and Coinbase Global Inc. appear headed for a legal showdown that stands to have outsize consequences for both sides. The…

S. Korean prosecutors seek Do Kwon’s extradition after Montenegro airport arrest
yahoo.com South Korean prosecutors are working with Montenegro authorities to extradite Do Kwon to South Korea, but the United States is also chasing after the crypto fugitive. Kwon,…

White House ‘Allergic to Promise’ Says Crypto Industry
blockworks.co The White House’s Council of Economic Advisors published its annual report this week, dedicating an entire chapter of its 500 pages to digital assets. The crypto industry is…

Do Kwon Tried to Fly to Dubai Using Costa Rican Travel Documents
coinmarketcap.com But first — subscribe to our newsletter. Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts New York charges Do Kwon with fraud Federal…

SEC Issues Warning Against Investing in Crypto Asset Securities
cryptopotato.com The United States Securities and Exchange Commission has often talked about the purported “dangers” of crypto-assets while highlighting the need to strongly regulate the…

US Wants to Block the Exits before Digital Dollar Devaluation: Balaji
coinedition.com US officials lobby the UK and Canada to tighten restrictions on the crypto industry. • Coinbase’s ex-CTO said it’s a move to block the exits before the digital devaluation.…

READOUT: Financial Stability Oversight Council Meeting on March 24, 2023
treasury.gov WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by…

Ethereum’s Next Upgrade Could Open the Floodgates for Institutions Staking
247wallst.com Ahead of Ethereum’s Shapella upgrade poised to unlock ETH withdrawals, MetaMask is launching a marketplace for institutionalized staking. Through MetaMask’s Institutional…

Are XRP whales assembling for a win as Ripple president oozes confidence
ambcrypto.com None XRP whale transactions between $100,000 and $1 million have remarkably increased. • None Ripple’s president showed optimism about a win as more people backed the firm.…

Coinbase’s Armstrong Pushes for Grassroots Crypto Advocacy in SEC Fight
thedefiant.io Coinbase CEO Brian Armstrong is urging crypto enthusiasts in the U.S. to make their political voices heard. Armstrong and three other Coinbase executives in a Twitter Space…

Crypto’s Existential Crisis Continues as SEC Issues Investor Warning
pymnts.com Crypto’s path to regulatory acceptance is getting longer by the day. Certain alarmist observers even believe the industry might soon be done for in the U.S. entirely. This,…

The SEC just warned investors that crypto assets are at risk of 'significant' losses after $2 trillion in market value was already erased
businessinsider.com Gary Gensler became chair of the SEC in April. Alex Wong/Getty Images The SEC warned that cryptocurrencies could still spur significant losses for investors. The warnings…

Here's the week's top metaverse and NFT news
fortune.com Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news pertaining to NFTs, culture, and virtual worlds. Email…

Coinbase, U.S. SEC on collision course for ‘existential’ clash over crypto industry
theglobeandmail.com Coinbase debuted on the U.S. stock market on April 14, 2021 – the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the…

Analysis: Coinbase, SEC on collision course for 'existential' clash over crypto industry
reuters.com [1/2] The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York,…

Cryptocurrency entrepreneur Do Kwon indicted in U.S. following Montenegro arrest
theglobeandmail.com Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40-billion or more last year, has been charged with fraud by U.S. prosecutors.…

Gensler continues to crack the whip on crypto
cryptodaily.co.uk SEC Chairman Gensler is urging investor caution when dealing with crypto asset ‘securities’. No mention of what to do if your bank fails is given. Fresh on the heels of…

Ethereum Co-founder Joseph Lubin Reiterates ETH Is Not Security but Commodity like Oil
coinspeaker.com Coinspeaker Ethereum Co-founder Joseph Lubin Reiterates ETH Is Not Security but Commodity like Oil In the recent White House annual economic report to Congress, the Joe…

SEC Advises Investors to ‘Exercise Caution’ When Dealing With Crypto Asset Securities
bitcoin.com Following recent enforcement action against various crypto entities and celebrities, the U.S. Securities and Exchange Commission has issued an advisory notice to investors…

Justin Sun vs. SEC, Do Kwon arrested, 180M player game taps Polygon: Asia Express
cointelegraph.com Our weekly roundup of news from East Asia curates the industry’s most important developments. The United States Securities and Exchange Commission on March 22 announced…

SEC Ramps Up War Against Crypto With New Investor Alert
beincrypto.com The United States Securities and Exchange Commission (SEC) has issued a warning about investing in crypto. The agency cites volatility and a lack of crypto asset investor…

'Can't get their act together': Crypto firms slam SEC, Washington for lack of clarity on rules
cnbc.com Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its aggressive actions…

SEC Sues Justin Sun, Cohort of Celebrities for Touting Crypto ‘Securities’
247wallst.com On Wednesday, March 22nd, the Securities and Exchange Commission filed a complaint against Tron founder Justin Sun for offering unregistered securities in the form of TRX…

Is This Finally an Atomic Bomb From the SEC?
yahoo.com Join the most important conversation in crypto and web3! Secure your seat today The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to…

What comes next after Coinbase’s Wells notice?
theblock.co The cryptocurrency industry is in an uproar following news that the Securities and Exchange Commission issued a Wells notice to Coinbase, and other companies consider what’s…

Analysis
washingtonpost.com Its chair, Gary Gensler, like his Trump-era predecessor, Jay Clayton, has said that many digital assets have the hallmarks of securities. Gensler warned that the agency was…

BREAKDOWN: The SEC Finally Picks a Fight With Someone Who Can Fight Back
art19.com An SEC Wells Notice and a legal challenge were announced by Coinbase. Gary Gensler just doesn't stop. This week we’ve seen actions against Justin Sun, SushiSwap and now…

Crypto will be ‘over’ in the U.S. if Coinbase loses battle with SEC. Here’s why
marketwatch.com Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase COIN, said Wednesday that it received a Wells notice…

The Not-so-Secret Plan to Kill Crypto
beincrypto.com In the turbulent world of finance, cryptocurrencies have emerged as a groundbreaking force, posing a challenge to traditional systems and structures and rattling the pillars…