Breaking News: SEC – Market Insights, Analysis & Latest Updates

Crypto execs open up about debanking experiences following Trump's US election win

Following a16z co-founder Marc Andreessen’s recent interview on Joe Rogan’s podcast, several crypto execs opened up about their debanking experiences. The industry expects a more friendly incoming administration under Donald Trump following various pro-crypto campaign pledges, including shutting down “Operation Choke Point 2.0.”

theblock.co • 29/11/2024 - 13:20 PM

Ex-CFTC Chair Chris Giancarlo, in running to become first 'Crypto Czar', says crypto 'considerable priority' for Trump

“Crypto Dad” Chris Giancarlo is a serious contender to become the first-ever U.S. “Crypto Czar,” a new position President-elect Donald Trump is considering implementing. The former CFTC Chairman says the SEC’s inability to create a clear crypto policy has dramatically set back industry development.

theblock.co • 27/11/2024 - 22:50 PM

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

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

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

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

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

Currency