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2024 ELECTIONS SEC

SEC Commissioner Jaime Lizárraga to leave agency following Chair Gensler's exit

Jaime Lizárraga, one of three Democratic commissioners at the SEC, said he let President Joe Biden know of his plans to leave. Lizárraga’s announcement comes a day after SEC Chair Gary Gensler said he also plans to step down in January.

theblock.co • 22/11/2024 - 18:43 PM

2024 ELECTIONS SEC

Robinhood exec Dan Gallagher rules out leading SEC

Dan Gallagher was on the list of potential chairs to lead the SEC in a new administration. Gallagher said he is dedicated to Robinhood and said he is “eager to work with the incoming administration” and the next SEC chair in an emailed statement to The Block.

theblock.co • 22/11/2024 - 16:18 PM

SEC XRP

XRP surges to hit 3-year high as Gensler announces SEC departure

The price of Ripple’s XRP token has rallied over 27% in the past 24 hours to hit its highest level since May 2021. The surge comes amid Gary Gensler’s announcement of his departure from the SEC.

theblock.co • 22/11/2024 - 03:45 AM

CONGRESS COURT HEARINGS LAWSUITS SEC

Texas judge tosses out SEC's expanded 'broker' rule, which broke with 90 years of legal tradition to rope in crypto traders

A Texas court has order the U.S. Securities and Exchange Commission to throw out a controversial rule that broadly redefined the term “dealer” in a move that impacted both crypto-focused and traditional finance firms. The Blockchain Association and Crypto Freedom Alliance of Texas lodged a lawsuit against the agency in April, the month the expanded rule took effect.

theblock.co • 21/11/2024 - 20:07 PM

2024 ELECTIONS BITCOIN DONALD TRUMP GARY GENSLER JUSTIN SUN SEC SOLANA SPOT BITCOIN ETF SPOT ETHEREUM ETF SUI

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

2024 ELECTIONS GARY GENSLER SEC

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

SEC

'Checks in the mail': SEC to partially reimburse investors in online advertising blockchain startup BitClave

The SEC is distributing millions of dollars to investors in a failed online advertising blockchain startup. BitClave raised over $25 million in an unregistered initial coin offering in 2017.

theblock.co • 20/11/2024 - 23:51 PM

2024 ELECTIONS ASIAN PARLIAMENTS BITCOIN BITSTAMP BLACKROCK COINBASE COURT HEARINGS CRIME DONALD TRUMP FTX GARY GENSLER LAWSUITS MICROSTRATEGY ROBINHOOD SBF TRIAL SEC SPOT BITCOIN ETF TOKENS

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

2024 ELECTIONS CARDANO COINBASE DONALD TRUMP GARY GENSLER MEMECOINS ROBINHOOD SEC SOLANA XRP

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

Analysts at Bernstein named Robinhood the top “crypto deregulation trade” following Donald Trump’s win in the U.S. presidential election. The analysts rate HOOD stock as outperform, raising their price target to $51.

theblock.co • 20/11/2024 - 10:34 AM

2024 ELECTIONS SEC

Former SEC general counsel Stebbins on Trump's short list to lead the agency as other contenders emerge

Key names, including former SEC Commissioner and Robinhood Chief Legal Officer Dan Gallagher, former SEC Commissioner Paul Atkins and partner at Willkie Farr & Gallagher Robert Stebbins, could all be reportedly tapped to lead the SEC. As of Tuesday morning, a person familiar with SEC chairmanship talks said that Trump’s team had not yet made a decision.

theblock.co • 19/11/2024 - 19:11 PM

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