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SEC Chair Gensler Sticks to Crypto Rules Despite Trump’s Threat to Fire Him
Gary Gensler, the chair of the U.S. Securities and Exchange Commission, reiterated his call for cryptocurrency exchanges to register with the agency and highlighted the need for proper disclosures from those selling securities, as his tenure at the SEC may be nearing its conclusion. This comes amid Trump’s victory in the election and his threat to fire Gensler from the position. SEC Chair Gary Gensler, who might soon be replaced by incoming President Donald Trump, has repeated his stance on cryptocurrency regulation and enforcement. In his speech at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, Gensler highlighted...
FTX sues Binance and ex-CEO Zhao, claims $1.8 billion fraudulent transfer
Home Business News FTX sues Binance and ex-CEO Zhao, claims $1.8 billion fraudulent transfer The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s FTX, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021. “By this lawsuit, the Plaintiffs seek to recover, for the benefit of FTX’s creditors, at least $1.76 billion that was fraudulently transferred to Binance and its executives at the FTX creditors’ expense, as well as compensatory and punitive damages to be determined at trial,” the administrators for the FTX estate said in a filing made on Sunday...
November Was a 'Monumental' Month for the Crypto Market, JPMorgan Says
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said. Dec 9, 2024, 3:22 p.m. UTC November was a monumental month for the crypto market in terms of performance, activity, politics and sentiment, JPMorgan (JPM) said in a research report Monday. "President-elect Donald Trump's reelection triggered a historic rally and jump in market caps across the crypto ecosystem," analysts led by Kenneth Worthington wrote. This included tokens, decentralized finance (DeFi), stablecoins and publicly listed companies with crypto exposure. The bank noted that the crypto ecosystem recorded its best monthly return, with its market...
