ChainCatcher message, Gary Gensler allegedly posted a farewell on the X platform, stating: It has been my honor to serve as the Chair of the U.S. Securities and Exchange Commission. Public service is about giving back to our communities, whether they are neighborhoods, counties, or states; or, as part of this agency, I firmly believe that capital markets, competition, and common-sense rules benefit both investors and issuers. This is why the SEC and its staff play a critical role in overseeing the markets and ensuring compliance with common-sense rules of U.S. securities law:We have reduced costs and risks and enhanced the integrity of our two largest markets—the nearly $60 trillion stock market and the $28 trillion bond market;We have helped improve the transparency and integrity of corporate governance for public companies, including implementing new cooling-off periods and other conditions before insiders of companies that may possess significant non-public information trade their company’s securities;We have established rules requiring regulated broker-dealers and investment advisers to notify clients of data breaches that may put personal information at risk;We have laid the groundwork for important debates regarding the growing applications of artificial intelligence in the financial sector;We have updated the rules for the stock and bond markets, shortening the settlement cycle;We have returned over $2.7 billion to harmed investors.

ChainCatcher news, according to Cointelegraph, U.S. SEC Chairman Gary Gensler stated in an interview with CNBC's Squawk Box that he believes the funding from cryptocurrency voters and digital asset interest groups is unlikely to influence the U.S. election, resulting in a victory for President Trump.Gensler will step down on the day of Trump's inauguration, and he discussed his previous talking points on investor protection during his leadership at the SEC in the interview.Gensler said, "I believe that, although as you pointed out, this election has raised funds from the cryptocurrency space, I think it is unrelated to the outcome of this election. The cryptocurrency space is a highly speculative area that has consistently failed to comply with various laws, whether it be anti-money laundering laws, sanctions laws, or securities laws."

ChainCatcher news, according to market news, Robinhood's Chief Legal Officer Dan Gallagher stated that he will not serve as the chairman of the U.S. Securities and Exchange Commission.

ChainCatcher news, billionaire entrepreneur and cryptocurrency advocate Mark Cuban stated in an interview with Fox News that he intends to serve as the chairman of the U.S. Securities and Exchange Commission (SEC).It is reported that Cuban previously criticized current SEC chairman Gary Gensler, stating that Gensler has failed to protect any investors from cryptocurrency fraud and should resign.

ChainCatcher news, a Bloomberg reporter recently revealed through the Freedom of Information Act that since 2022, SEC Chairman Gary Gensler has received multiple threatening emails and voicemails from both the U.S. and abroad. These threats contain violent language, with one individual claiming they would shoot and dismember him, and another threatening email with the subject "Die" coming from Australia.Some threats may even come from government employees. Although these threats are not explicitly related to Gensler's cryptocurrency regulatory policies, Gensler has faced ridicule and criticism from the crypto community for his crackdown on the digital asset industry. Many crypto users have publicly expressed their dissatisfaction with him on social media. At the 2024 Bitcoin conference, Donald Trump promised to fire Gensler immediately upon taking office, earning a strong response from the audience.Currently, Gensler's term is set to last until 2026, but the outcome of the election may affect his future.

ChainCatcher news, according to Decrypt, VanEck's head of digital asset research, Matthew Sigel, stated that the likelihood of VanEck applying to issue a spot Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission. "Cryptocurrency voters are likely to play a significant role in this election. We have already seen changes in the regulatory environment at the level of elected officials. Several Democrats have voted in favor of cryptocurrency legislation."Sigel agreed with SEC Chairman Gary Gensler's recent comments that "Ethereum applications are progressing well," adding, "This may be the only time in three years that I agree with Gary Gensler's viewpoint."

ChainCatcher news, according to Fox Business, based on the legal documents related to the SEC's lawsuit against Consensys, SEC Chairman Gensler has consistently believed over the past year that ETH is an "unregistered security" and does not comply with current federal regulations.In addition, on March 28, 2023, Gurbir Grewal, head of the SEC's enforcement division, approved a formal order to investigate the securities status of Ethereum, authorizing enforcement personnel to investigate and subpoena individuals and entities involved in the matter.It is reported that subpoena recipients must strictly keep the investigation confidential if they wish to learn more details about the investigation, as directed by the U.S. Securities and Exchange Commission.

ChainCatcher news, according to South Korean media Edaily, the head of South Korea's financial regulatory agency will meet with SEC Chairman Gary Gensler in May this year to discuss the asset classification of NFTs and the approval of Bitcoin spot ETFs.Previously, the ruling party in South Korea considered introducing a general election agreement related to cryptocurrencies, including allowing Bitcoin spot ETFs and corporate investments.

ChainCatcher news, according to CoinDesk, during the voting on the Bitcoin spot ETF, SEC Chairman Gensler, Peirce, and Uyeda cast their votes in favor, while Crenshaw and Lizárraga voted against, resulting in a final victory of 3 to 2.Gary Gensler stated that the SEC lost in court in 2022 for rejecting the Grayscale Bitcoin ETF, which is why they can only approve more than 12 Bitcoin ETFs. However, he also mentioned that the SEC has not approved or recognized Bitcoin, and investors should remain cautious about the risks associated with Bitcoin and products linked to the value of cryptocurrencies.

ChainCatcher News, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler on Wednesday requested an additional budget of $72 million for the agency during a Senate Appropriations Committee hearing, stating that the SEC must scale up to protect investors from a crypto market "rife with violations."Gensler stated, "We have seen the wild west of the crypto market, filled with violations, where investors place their hard-earned assets in highly speculative asset classes. With sufficient funding to fulfill our mission, we can be a stronger advocate for investors and issuers."Currently, the SEC employs 4,685 people in 2023, with about half focused on enforcement and examination duties. The additional budget will help the agency add 170 positions, potentially bringing the SEC's total full-time staff to 5,139. (Source link)

ChainCatcher news, according to a report by Fortune magazine, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated during a 2018 event for institutional investors focused on cryptocurrency hosted by Bloomberg and Fidelity that "Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) are not securities." (source link)