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Trump team looking to shift crypto regulation to CFTC, dilute SEC's role: report

The CFTC’s altered role could include regulating crypto exchanges and spot markets dealing with digital assets deemed commodities, such as bitcoin and ether, reports Fox Business.

theblock.co • 26/11/2024 - 22:26 PM

SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

Over the past few years, the agency has brought hefty cases against big industry players, including against crypto exchange Coinbase, for not registering lawfully with the agency. The agency could also go for a less aggressive approach and come to some compromises in ongoing cases.

theblock.co • 22/11/2024 - 20:24 PM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

GARY GENSLER

Crypto industry reacts to Gary Gensler's departure as SEC Chairman

Major crypto players said bitcoin and the broader crypto industry might flourish following Gensler’s departure in January.

theblock.co • 22/11/2024 - 17:36 PM

The Daily: Gary Gensler to leave SEC on Jan. 20, regulator now 'engaging' on spot Solana ETFs and more

SEC Chair Gary Gensler will step down on Jan. 20, 2025, coinciding with the start of President-elect Donald Trump’s term, according to a statement released by the agency on Thursday. The SEC is now “engaging” with applicants on spot Solana ETFs, Fox News reporter Eleanor Terrett first reported, citing two people familiar with the matter, and confirmed by The Block with a source at one issuer. U.S. spot Bitcoin ETFs surpassed $100 billion in combined assets under management on Wednesday — representing around 5% of bitcoin’s total market cap — driven by the cryptocurrency’s ongoing price rally. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 21/11/2024 - 19:06 PM

SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda

Gary Gensler plans to leave on January 20, 2025, according to a statement released by the agency on Thursday. During his time at the SEC, Gensler led efforts to push for central clearing in Treasury markets, implemented changes on executive pay versus performance and forged on with work to shield investors in crypto markets.

theblock.co • 21/11/2024 - 18:00 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Trump team looking to shift crypto regulation to CFTC, dilute SEC's role: report

SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Crypto industry reacts to Gary Gensler's departure as SEC Chairman

The Daily: Gary Gensler to leave SEC on Jan. 20, regulator now 'engaging' on spot Solana ETFs and more

SEC Chair Gary Gensler to step down as Trump signals pro-crypto agenda

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

Bernstein outlines $200,000 bitcoin target catalysts as price nears fresh all-time high

Michael Saylor says bitcoin is 'Manifest Destiny' for the US amid Red Wave, with $100K NYE party plans underway

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