Gary Gensler
The chairman asked U.S. lawmakers for $72 million in extra funding to, among other things, protect investors from crypto markets “rife with noncompliance.”
Gary Gensler once taught a class on crypto. Is he contradicting himself now in his powerful Washington role?
Ripple scored a partial victory in its fight with the SEC last week with a court ruling that institutional sales of the tokens violated federal securities laws, but sales on exchanges and programmatic sales did not.
The bill would provide guidelines for U.S.-based crypto exchanges to register with regulators.
The registered exchange backed Gary Gensler’s viewpoint in front of Congress. But now it's in the hot seat.
SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.
A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.
- 04:04Grayscale Urges US SEC to Approve Ethereum ETF Staking, Claims $61 Million Revenue MissedPANews, April 28 - According to Bitcoin.com, asset management company Grayscale met with the SEC's crypto working group on April 21 to apply for permission to stake its Ethereum ETFs (ETHE and ETH). The company stated that due to regulatory restrictions, the $8.1 billion in assets under its management missed out on approximately $61 million in potential revenue from the product's launch until February 2025. Grayscale put forward three arguments: 1) Similar products in Europe and Canada have successfully implemented staking; 2) Staking can enhance the security of the Ethereum network; 3) Risk management strategies, including a "liquidity reserve," have been developed. Currently, the inability to stake spot Ethereum ETPs in the US prevents full realization of the underlying asset value. Grayscale calls on the SEC to update regulations in line with traditional financial products.
- 04:01LAYER 7th Largest Holder Address Withdraws 1 Million LAYER from CEX 40 Minutes AgoAccording to Odaily, blockchain analyst The Data Nerd reported that 40 minutes ago, wallet address DLcwu withdrew 1 million LAYER (approximately $2.72 million) from CEX and transferred it to wallet AEZok. Over the past three days, wallets DLcwu and 8KGnY have cumulatively withdrawn 26.51 million LAYER (approximately $66.92 million) from CEX, all transferred to AEZok. Currently, AEZok is the 7th largest LAYER holder, possessing 48.47 million LAYER, suspected to be a market-making address for the project.
- 03:59Data: Ethereum Spot ETFs End Eight Weeks of Net Outflows, Record $157 Million Net Inflow Last WeekAccording to ChainCatcher news and SoSoValue data, Ethereum spot ETFs recorded a net inflow of $157 million for the last trading week (April 21 to April 25, Eastern Time). The Ethereum spot ETF with the highest net inflow last week was the Fidelity ETF FETH, with a weekly net inflow of $68.59 million. The historical total net inflow for FETH has now reached $1.43 billion. This was followed by the Blackrock ETF ETHA, with a weekly net inflow of $64.18 million, bringing ETHA's historical total net inflow to $4.11 billion. The Ethereum spot ETF with the highest net outflow last week was the Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of $32.02 million. The historical total net outflow for ETHE has reached $4.28 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs is $6.14 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 2.83%. The cumulative historical net inflow has reached $2.4 billion.