A US District Court in Texas has thrown out a lawsuit by Ethereum-focused software developer Consensys against the US Securities and Exchange Commission (SEC).

Read more on: https://thecryptobasic.com/2024/09/20/court-dismisses-consensys-lawsuit-against-sec/
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FOX Business journalist Eleanor Terrett reports that all five U.S. Securities and Exchange Commission (SEC) commissioners will testify before a Congressional hearing next week. 

Read more on: https://thecryptobasic.com/2024/09/17/all-5-sec-commissioners-to-testify-at-congressional-hearing/
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The U.S. SEC expresses regret for any confusion it may have created through the use of its invented term, “crypto asset securities.” 

Read more on: https://thecryptobasic.com/2024/09/13/legal-experts-react-as-sec-regrets-confusion-over-its-crypto-asset-security-claim/
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The SEC has settled with eToro on its lawsuit that the exchange offered unregistered securities to US investors.

Read more on: https://thecryptobasic.com/2024/09/12/etoro-reaches-agreement-with-sec-adopts-new-operational-terms-in-u-s/
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SEC Chair Gary Gensler disapproves of the FIT21 bill set to undergo voting in the U.S. House of Representatives today.

Read more on: https://thecryptobasic.com/2024/05/22/sec-chair-gensler-counters-bill-to-create-regulatory-clarity-in-crypto-industry/
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The process of launching the first spot Ether ETHUSD exchange-traded funds (ETFs) in the United States is “going smoothly,” says Securities and Exchange Commission Chair Gary Gensler.
Speaking at a June 25 Bloomberg conference, Gensler remained tight-lipped on when the ETFs could launch and deferred when asked if they could go live before the November U.S. elections.
“It’s really about the asset managers making the full disclosure so that those registration statements can go effective,” he said.
“What is in front of us — and it's done at a staff level — is what’s called the registration statements, the disclosure statements,” Gensler added. “Again, these disclosures are really important. They’re important to investors making investment decisions.”
The SEC approved 19b-4 filings from eight ETF bidders on May 23 but the asset managers are still making tweaks to their Form S-1’s — the final filings the SEC needs to approve before they go live for trading.
Nothing inconsistent” about securities laws
Analysts have predicted the SEC could approve the funds for trading as soon as next week — the first week of July.
The U.S. crypto industry has raised millions and lobbied to make digital assets an election issue after facing a deluge of enforcement actions from the Gensler-led SEC.
Presidential hopeful Donald Trump said he would end what he called President Joe Biden’s “war on crypto,” and billionaire investor Mark Cuban claimed Gensler could “literally cost Joe Biden the election.”
Gensler said he doesn’t speak on elections when asked about Trump and Cuban’s comments.
“We have a set of rules that are pretty clear. There’s nothing inconsistent about crypto securities and the securities laws,” he added. “Unfortunately, there’s a number of people that are non-compliant with the laws.”
#ETFEthereum #SECCryptoRule #SECETFApproval #ETFNewsUpdate #ETF_ETH

The U.S. SEC responds to the notice of supplemental authority from Ripple regarding the Binance decision, which the company argues supports its remedies-related opposition brief.  
Read more on: https://thecryptobasic.com/2024/07/04/sec-slams-ripple-in-new-filing-says-its-reference-of-binance-ruling-is-irrelevant/
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Following the SEC’s latest filing in the Ripple case, XRP community members speculate that the parties could settle this summer.  

Read more on: https://thecryptobasic.com/2024/06/15/sec-new-filing-in-ripple-case-stirs-settlement-debate-in-xrp-community/
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Ripple CLO Stuart Alderoty asserts that XRP’s non-security status alongside Judge Analisa Torres’ decision on XRP secondary market sales will not change even if the SEC appeals.

Read more on: https://thecryptobasic.com/2024/08/16/ripple-clo-says-sec-cant-change-xrp-non-security-status-even-if-it-appeals/
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Gary Gensler, chairman of US Securities and Exchange Commission is notoriously known for his stance against crypto, "was" actually a supporter of blockchain. He is a Prof, and did teach about blockchain and money in Massachusetts Institute of Technologyduring 2018-2021. All of his lessons can still be found on Youtube, and it has been attacting millions of views !
Eventhough many accused him of hindering growth of crypto market, Gensler actually promoted its development. Duting his reign as chair of SEC, he has contributed to crypto space:
1. Approved first-time ever Bitcoin ETF, which has been turned down for the past 10 years.
2. Approved first-time ever ETH ETF in the same year.
3. Prosecuted crypto criminals and bring them into justice: FTX with Sam, ...
4. Many crypto bills in Congress are being voted on after years of silence.
He has done great achivements during his work. What do you think about him ? Comment below 👇👇👇
#Write&Earn #GaryGensler #SECCryptoRule
#ETHETFsApproved #discussion

The SEC has 39 days left to contend the court ruling on its legal battle with Ripple, as the appeals deadline approaches.

Read more on: https://thecryptobasic.com/2024/08/28/heres-the-time-the-sec-has-to-file-an-appeal-against-ripple/
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The Ripple legal team files a new motion with respect to the SEC lawsuit, requesting a stay on the monetary portion of Judge Analisa Torres’ August 7 ruling. 

Read more on: https://thecryptobasic.com/2024/09/05/new-motion-in-ripple-v-sec-lawsuit-hints-at-potential-appeal/
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Former SEC official Kristina Littman speculates that the SEC might not appeal the Ripple ruling to potentially avoid setting an unfavorable law at the Second Circuit. 

Read more on: https://thecryptobasic.com/2024/06/20/ex-sec-official-suggests-sec-might-not-appeal-ripple-case/
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