SEC
Coinbase Launches Offshore Crypto Derivatives Exchange Amid U.S. Regulatory Scrutiny
Coinbase is opening a derivatives exchange in Bermuda as the crypto exchange faces continued regulatory headwinds in the U.S. Owen Lau, senior analyst at Oppenheimer, discusses his firm's rating and price target for Coinbase's stock. Plus, Lau reacts to Coinbase Chief Legal Officer Paul Grewal telling CoinDesk at Consensus 2023 that the exchange is prepared to take legal action if the SEC doesn't provide the regulatory clarity it is seeking.
Grayscale CEO on U.S. Crypto Regulation Outlook: Not a 'One-Size Fits All Answer'
Grayscale Investments CEO Michael Sonnenshein joins "First Mover" live from CoinDesk's Consensus 2023 in Austin, Texas to discuss his outlook for the SEC's crypto regulatory oversight. This comes amid Grayscale's ongoing bid with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF). Grayscale Investments and CoinDesk are both owned by parent company Digital Currency Group.
Rep. Patrick McHenry on Future of Crypto Regulation, SEC's Gary Gensler
Rep. Patrick McHenry (R-N.C.) reacts to his heated exchange with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on whether ether is a security in last week's House Financial Services Committee hearing. "With the crypto fallout over the past two years ... he's made things worse," McHenry said.
Rep. McHenry on Future of Crypto Regulation
Republicans on the House Financial Services Committee are taking another shot at stablecoin legislation with a discussion draft revealed Monday afternoon. Rep. Patrick McHenry (R-N.C.) joins "First Mover" to discuss his outlook for regulating stablecoins and the broader digital asset industry. Plus, his take on SEC Chair Gary Gensler's approach to consumer protection and the Europe's landmark Markets in Crypto Assets (MiCA) framework.
SEC Warns Advisers They Need to Know Crypto Before Proposing to Clients
Brokers and investment advisers have to understand crypto and ensure it's in clients’ best interests before pitching investments, the SEC staff said in a bulletin. Former SEC Enforcement Branch Chief Lisa Bragança joins "All About Bitcoin" to discuss the state of crypto regulation in the U.S. and reacts to SEC Chair Gary Gensler's testimony before House lawmakers earlier this week.
Rep. Davidson Addresses Mood Toward Crypto in Congress
U.S. Congressman Rep. Warren Davidson (R-Ohio), who is calling for a restructuring of the U.S. Securities and Exchange Commission (SEC) and the removal of Chairman Gary Gensler, discusses the view toward crypto regulation inside Congress. "The current consensus is ignorance is bliss," Davidson said.
Rep. Davidson Calls for Removal of SEC's Gensler, Agency Restructuring
Rep. Warren Davidson (R-Ohio) wants to restructure the Securities and Exchange Commission and is calling for the removal of SEC Chair Gary Gensler. Earlier this week, Rep. Davidson pointed to "Chairman Gensler’s record of failures" as motivation for the change. The Congressman joins "First Mover" to discuss the state of U.S. crypto regulation and the global implications for the European Parliament's landmark Markets in Crypto Assets (MiCA) framework.
Crypto Lawyer Reacts to SEC Chair Gensler Declining to Call Ether a Security at Congressional Hearing
SEC Chair Gary Gensler refused to say whether ether was a security during a nearly five-hour hearing before the House Financial Services Committee yesterday. Joshua Ashley Klayman, Linklaters U.S. Head of Fintech and Head of Blockchain and Digital Assets reacts, explaining why this was "the best the industry could have hoped from him."
SEC Chair Gary Gensler Dodges Answering Question: ‘Is Ether a Security?’
U.S. Securities and Exchange Commission Chair Gary Gensler repeatedly dodged the question on whether Ethereum is a security or a commodity in Tuesday's House Financial Services Committee hearing. Linklaters U.S. head of fintech and head of blockchain and digital assets Joshua Ashley Klayman weighs in, saying, "the fact he did equivocate on the answer is a positive for the industry." Howard Fischer, Moses Singer partner and former SEC senior trial counsel, added that this "may reflect the internal processes at the SEC."