• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, August 10, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

SEC chief Gensler says crypto crash has ‘highlighted’ need for regulation

June 14, 2022
in Regulation
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Related articles

Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

August 9, 2022

Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

August 9, 2022

Securities and Exchange Commission Chairman Gary Gensler said Tuesday that the recent crash in prices for popular cryptocurrencies has underscored the need to better regulate the digital-asset industry and bring greater investor protection to the space.

“The urgency is highlighted” by recent market action, Gensler said in an interview at the Wall Street Journal’s virtual CFO Network summit. “The urgency has been there and it’s an urgency about investor protection.”

The price of bitcoin
BTCUSD,
-4.72%
has fallen more than 30% so far in June, while the price of ether
ETHUSD,
-3.21%
is down 38%, according to FactSet.

Gensler pointed to a recent SEC action taken against the crypto lending platform BlockFi as evidence of the regulator’s aggressive oversight of the industry. In February, the company agreed to pay $100 million to settle charges that it was offering an unregistered security when it offered variable interest payments in return for crypto deposits from customers.

The regulator added that the agency is in talks with roughly six platforms, including crypto exchanges, to register with it.

“There’s a potential path forward on the crypto lending platforms,” Gensler said. “The crypto trading platforms, are sort of looking at that and saying what do we do until those tokens themselves are registered? We have about six projects that we are working through trying to get crypto markets to get them registered.”

Over the weekend, BlockFi competitor Celsius Networks LLC said that it was pausing all withdrawals, swaps and transfers between accounts “due to extreme market conditions,” and on Monday the world’s largest crypto exchange, Binance temporarily paused redemptions of bitcoin do to technical difficulties.

Gensler appeared to reference these incidents in his remarks, arguing that crypto platforms need to register with the agency to help ensure their customers are protected from similar incidents in the future.

Credit: Source link

ShareTweetSendPinShare
Previous Post

401(k) Crypto Investment Restrictions Eyed by Labor Regulators

Next Post

Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Mining Bitcoin News

Related Posts

Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’

August 9, 2022

Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see “common sense...

Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

August 9, 2022

Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021.Lam Yik |...

Circle says freezing wallets went against its beliefs on an open internet

August 9, 2022

USDC stablecoin issuer Circle released a statement to clarify its stance after freezing all ETH addresses affected by the U.S. Treasury...

What Crypto Regulators Can Learn from Biotech

August 9, 2022

Blockchain technology and the digital asset ecosystem catapulted into mainstream consciousness in recent years, likely profiting from the flight of...

US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions

August 9, 2022

U.S. Secretary of State Anthony Blinken warned that the administration would continue to “aggressively pursue” crypto mixers suspected of laundering...

Load More
Next Post

Bitcoin Hashrate Briefly Slips Below 200 EH/S During Market Rout, Less Than 100K Blocks Left Until the Halving – Mining Bitcoin News

Leave a Reply Cancel reply

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

Vitalik suggests private NFTs using ‘stealth addresses’ to hide the owner’s identity

August 8, 2022

There Are Countless Potential Bitcoin Jobs – Bitcoin Magazine

August 5, 2022

BUIDLers at EthCC reveal when the bull market may return

August 6, 2022

Building the blockchain industry despite market drops and regulation threats

August 4, 2022

Promising Use Cases Of Blockchain In Healthcare

August 4, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • What The Impending “Triple Halvening” Means For The Future Of Ethereum
  • Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’
  • Sam Bankman-Fried’s Alameda, Voyager Digital spar in bankruptcy court

Newsletter

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

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$22,798.00-4.16%
  • ethereumEthereum(ETH)$1,676.59-5.41%
  • tetherTether(USDT)$1.00-0.15%
  • usd-coinUSD Coin(USDC)$1.000.06%
  • binancecoinBNB(BNB)$320.00-1.51%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • rippleXRP(XRP)$0.366590-3.17%
  • cardanoCardano(ADA)$0.51-4.58%
  • SolanaSolana(SOL)$39.45-6.41%
  • polkadotPolkadot(DOT)$8.67-6.52%
  • dogecoinDogecoin(DOGE)$0.067954-3.25%
  • AvalancheAvalanche(AVAX)$27.14-3.69%
  • daiDai(DAI)$1.00-0.05%
  • Lido Staked EtherLido Staked Ether(STETH)$1,617.00-5.64%
  • Shiba InuShiba Inu(SHIB)$0.000011-10.53%
  • matic-networkPolygon(MATIC)$0.87-5.43%
  • tronTRON(TRX)$0.068289-2.65%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,831.00-4.00%
  • ethereum-classicEthereum Classic(ETC)$37.76-0.45%
  • OKBOKB(OKB)$17.99-1.93%
  • leo-tokenLEO Token(LEO)$4.902.10%
  • litecoinLitecoin(LTC)$58.50-6.32%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.28-3.69%
  • chainlinkChainlink(LINK)$8.49-2.42%
  • FTXFTX(FTT)$29.46-6.23%
  • UniswapUniswap(UNI)$8.36-5.24%
  • CronosCronos(CRO)$0.143704-5.05%
  • cosmosCosmos Hub(ATOM)$10.92-8.52%
  • stellarStellar(XLM)$0.120775-6.14%
  • FlowFlow(FLOW)$2.92-5.86%
  • moneroMonero(XMR)$155.99-6.56%
  • bitcoin-cashBitcoin Cash(BCH)$133.45-7.16%
  • algorandAlgorand(ALGO)$0.342215-8.83%
  • vechainVeChain(VET)$0.029628-5.89%
  • ApeCoinApeCoin(APE)$6.79-7.37%
  • filecoinFilecoin(FIL)$7.90-9.76%
  • Internet ComputerInternet Computer(ICP)$7.74-6.53%
  • ChainChain(XCN)$0.0896651.92%
  • decentralandDecentraland(MANA)$1.02-6.98%
  • HederaHedera(HBAR)$0.073771-8.33%
  • QuantQuant(QNT)$122.51-3.46%
  • The SandboxThe Sandbox(SAND)$1.28-5.66%
  • tezosTezos(XTZ)$1.77-6.75%
  • Axie InfinityAxie Infinity(AXS)$17.44-6.36%
  • theta-tokenTheta Network(THETA)$1.50-7.33%
  • FraxFrax(FRAX)$0.98-2.16%
  • ElrondElrond(EGLD)$60.90-7.69%
  • AaveAave(AAVE)$96.54-5.48%
  • true-usdTrueUSD(TUSD)$1.00-0.07%
  • Lido DAOLido DAO(LDO)$2.17-9.10%