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Gary Gensler’s Time as SEC Chair and His Battle with Crypto is Coming to an End 🤩
As Gary Gensler’s tenure as chair of the U.S. Securities and Exchange Commission (#SEC ) approaches its conclusion, his steadfast opposition to the crypto industry stands out.
Gensler has been a controversial figure, using existing securities laws to #regulate digital assets through enforcement rather than new legislation. His time at the SEC may end soon depending on the outcome of the 2024 presidential election, as tradition dictates SEC chairs step down when the opposing party takes power.
However, Gensler could continue influencing crypto regulation as a commissioner. His legacy is marked by battles with #crypto companies and legislators, some accusing him of hindering innovation. Regardless, Gensler’s actions have undeniably shaped the regulatory landscape, with ongoing court cases and potential new laws set to define the future of U.S. crypto policy.
What do you think? 🤔
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
As Gary Gensler’s tenure as chair of the U.S. Securities and Exchange Commission (#SEC ) approaches its conclusion, his steadfast opposition to the crypto industry stands out.
Gensler has been a controversial figure, using existing securities laws to #regulate digital assets through enforcement rather than new legislation. His time at the SEC may end soon depending on the outcome of the 2024 presidential election, as tradition dictates SEC chairs step down when the opposing party takes power.
However, Gensler could continue influencing crypto regulation as a commissioner. His legacy is marked by battles with #crypto companies and legislators, some accusing him of hindering innovation. Regardless, Gensler’s actions have undeniably shaped the regulatory landscape, with ongoing court cases and potential new laws set to define the future of U.S. crypto policy.
What do you think? 🤔
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Withdrawals from KuCoin Soar to $1 Billion in Crypto During US Regulatory Crackdown 🪧
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. 📉
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. 🔥
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. 💧
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. 🕵️♂️
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. 💸
#BTC #kucoin #regulate #usa
Crypto exchange KuCoin experienced over $1 billion in withdrawals over the past 24 hours, with assets under management (AUM) slumping 20%. 📉
The exchange experienced $1.083 billion in outflows via Ethereum Virtual Machine-compatible (EVM) chains, and only $144 million of inflows. 🔥
Net outflows on the Ethereum network reached $840 million, a 15% drop in assets held by the exchange. 💧
The withdrawal surge occurred as the exchange and two of its founders were charged with violating anti-money laundering laws by U.S. federal prosecutors. 🕵️♂️
Some users complained about delays in withdrawals, spurring concerns about the exchange's health. KuCoin stated that the exchange is operating well and the assets of its users are safe. 💸
#BTC #kucoin #regulate #usa
