ChainCatcher news, Fox Business reporter Eleanor Terrett stated on the X platform that although the candidate for SEC Chairman remains unknown, Gary Gensler seems increasingly likely to voluntarily resign, choosing not to complete his term as commissioner (which expires in 2026).Sources in Washington are rumored that Gary is likely to announce his resignation after Thanksgiving (November 28), in early January (before Trump's inauguration).

ChainCatcher news, according to Jinshi reports, the Trump team is considering listing Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for the Chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, according to China Securities Journal, Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated today at the 2024 Financial Technology Conference's FinTech Forum that, overall, the application of financial technology in the capital market is becoming increasingly mature, providing strong support for the capital market to serve the real economy.Next, the CSRC will promote the in-depth application of new technologies such as artificial intelligence in the capital market to assist in the high-quality development of the capital market.

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler faced severe criticism from Congressman Tom Emmer and others during a hearing of the House Financial Services Committee. Emmer described Gensler as the most "destructive" and "lawless" chairman in the SEC's 90-year history, accusing him of inventing the term "crypto asset security" while failing to provide any regulatory guidance for digital assets.Emmer stated, "The term crypto asset security is one you made up. This term is nowhere to be found in the regulations; you invented it and you have never provided any explanatory guidance on how to define crypto asset security within the walls of the SEC."The term crypto asset security has been the entire basis for Gensler's "enforcement campaign" against the crypto industry over the past three years. Until last week, SEC lawyers retracted this term in a court footnote.

ChainCatcher news, according to Blockworks, former President Trump claims to be a pro-crypto candidate and plans to end the "anti-crypto campaign" within an hour of taking office, but his team remains silent on specific policies.It is reported that current SEC Chairman Gary Gensler's term lasts until 2026, and Trump cannot immediately remove him from office. The president can only dismiss SEC commissioners for "inefficiency, neglect of duty, or misconduct." Current President Biden has nominated Caroline Crenshaw for reappointment as SEC commissioner, with the Senate expected to vote next month. Trump became the first former president to be convicted of a felony last month and is facing multiple charges.

ChainCatcher news, according to Jinshi reports, SEC Chairman Gensler declined to comment on the Ethereum ETF plan.

ChainCatcher news, SEC Chairman Gary Gensler stated on Wednesday that the Financial Innovation and Technology for the 21st Century Act (referred to as "FIT 21") will harm investor interests and hinder the work of the SEC.He said, "FIT 21 will create new regulatory gaps, undermining decades of precedent regarding the regulation of investment contracts, exposing investors and capital markets to immeasurable risks."FIT21 is a bill jointly proposed by the House Agriculture Committee and the House Financial Services Committee, aimed at clarifying how the SEC and the Commodity Futures Trading Commission (CFTC) regulate cryptocurrencies. The bill creates the term "digital commodities" for digital assets that do not meet the definition of securities, placing these assets under the jurisdiction of the CFTC.

ChainCatcher news, according to Bitcoin.com, Coinbase Chief Legal Officer Paul Grewal recently called out U.S. SEC Chairman Gary Gensler on social media, urging him to stop misclassifying crypto tokens as securities.This request was in response to Gensler's remarks, in which he emphasized: "According to the U.S. Supreme Court's interpretation, many of these tokens are legally securities. We follow this law." In response, Grewal stated: Please stop misleading the market—tokens are not securities. Even though your requests are ignored, your own lawyers have already acknowledged this in court.Gensler recently emphasized that while cryptocurrencies make up only a small portion of the overall financial market, their non-compliance with securities laws disproportionately fuels fraud and deception. He also highlighted the necessity for proper disclosures in the crypto space, particularly regarding tokens classified as securities, and argued that investors are not receiving adequate information disclosures.

ChainCatcher news, the chairman of the Financial Supervisory Service (FSS) of South Korea, Lee Bok-hyun, is expected to visit the United States this year to meet with the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to discuss the virtual asset (cryptocurrency) industry, including the Bitcoin spot ETF."(This year) I will meet with SEC Chairman Gary Gensler, and there are some areas where we will intersect, such as virtual asset issues and the Bitcoin spot ETF," Lee Bok-hyun said in response to reporters' questions at the event, "The SEC's policies now have a significant impact on the world."

ChainCatcher news, after the announcement from the official X account of the U.S. SEC regarding the approval of a spot Bitcoin ETF, Gary Gensler of the U.S. Securities and Exchange Commission quickly confirmed in a reply that the X account of the U.S. SEC was hacked, and the approval of the spot Bitcoin ETF was false news.Digital artist Billy Restey posted on the X platform, stating that to ensure we do not forget this incident, he has inscribed Gary Gensler's response tweet as an "Ordinals Inscription" NFT archive.

ChainCatcher news, the head of the Financial Supervisory Service of Korea, Lee Bok-hyeon, will meet with SEC Chairman Gary Gensler next month to discuss cryptocurrency regulation issues.

ChainCatcher News, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), will testify on September 27 at 10:00 PM during a hearing held by the U.S. House Financial Services Committee regarding SEC oversight issues.According to the committee's memorandum, this hearing will review the regulatory developments, rulemaking, and activities of the SEC over a period of time since October 5, 2021, including the issuance of Staff Accounting Bulletin No. 121 by SEC staff on March 24, 2022, which requires reporting entities engaged in digital asset custody activities to record corresponding liabilities for the assets; and the SEC's proposal to amend the definition of "exchange" on March 18, 2022, expanding the SEC's authority over digital asset trading platforms, among others.

ChainCatcher news, Manta Network co-founder and COO Kenny stated on Twitter that during the year before he served as a teaching assistant for Gary Gensler (current SEC Chairman) at the MIT Sloan School of Management's Crypto Finance and Blockchain Lab, as a student in Gensler's class, Gary Gensler had sent a report he wrote about BNB to Changpeng Zhao and encouraged him to get more involved in crypto. He also had in-depth discussions with Gensler about crypto projects in the summer of 2019.Kenny expressed that seeing Gensler's lawsuit against Binance and Changpeng Zhao today is an unfortunate outcome, "like watching parents argue," and hopes that "regardless of the outcome of this matter, the hard work of those wise individuals who strive to change the world in this field will be fully considered." (source link)

ChainCatcher news, U.S. Securities and Exchange Commission Chairman (SEC) Gary Gensler tweeted, "There is no incompatibility between the cryptocurrency market and securities laws. One of the SEC's goals is to bring this space into compliance so that investors can receive the same protections as in other markets." (source link)

ChainCatcher News, SEC Chairman Gary Gensler posted on social media to congratulate the 14th anniversary of the Bitcoin white paper, stating: "Congratulations on the 14th anniversary of Satoshi Nakamoto's white paper! It brought innovation and investment in crypto assets. As cryptocurrency enters its 15th year, let’s ensure that investors are properly protected." (Source link)