Crypto Mom Blasts Gary Gensler’s “Wild West” Label Of Crypto Industry 

SEC commissioner Hester Peirce, a.k.a. crypto mom, recently posted a transcript of her speech at the Texas Blockchain Summit. In her remarks, she re-characterizes SEC Chairman Gary Gensler's oft-used "Wild West" criticism to compliment crypto. But, then, she follows up with some very critical questions of the chairman's regulatory approach thus far. 'Lawless in Austin': Peirce's Speech She posted her speech on October 8th, but it only gained traction recently after Peirce shared it through her Twitter. Providing a link,…

SEC Chair Gensler Confirms Crypto Will Not Be Banned In The US

In line with Jerome Powell’s comments last week, SEC chairman Gary Gensler confirms he has no plans to ban cryptocurrency. Instead, the SEC’s approach remains strictly on regulating the space and protecting consumers. Regulation: Banning, Says Gensler Gensler clarified his stance during a House hearing today in response to a question from Republican lawmaker Ted Budd. Representative Budd led the charge to amend dubious phrasing on cryptocurrency regulation in last month’s infrastructure bill. He also proposed an anti-crypto-terrorism bill in…

Senator Pat Toomey Seeks Clarity From SEC Chair Gensler on Crypto Regulation

Republican Senator Pat Toomey recently issued a letter to SEC chairman Gary Gensler regarding cryptocurrency and stablecoins. He attached over 25 questions to the letter, all seeking regulatory clarity on behalf of the industry. Toomey Demands Clarity From Gensler Senator Pat Toomey sent the letter today as a follow-up to Gensler’s testimony before the Senate committee on September 14th. At the time, Senator Toomey said that businesses in the industry needed more clarity on what regulators required of them. "We…

New US SEC Chairman to Receive Payments from Banking Giant Goldman Sachs

Gary Gensler, the new chairman of the US Securities and Exchange Commission (SEC), came under fire after a recent disclosure. The report highlighted that the SEC head could receive over $11,724 a year in payments from Goldman Sachs. The revelation showed that Gensler might use his new role as SEC chair to attack retail investors. Some in the crypto sphere questioned Gensler's pension plan from Wall Street giant Goldman Sachs. They argued that the new SEC head could be more inclined to protect…