Tag: Crypto Regulation

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Congress Puts SEC Chair Gary Gensler Under the Gun

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the staff of the Ridgewood blog

Ridgewood NJ, SEC Chair Gary Gensler faced criticism from lawmakers regarding his crypto regulation approach during a House hearing. He was questioned about the classification of bitcoin, how that compared to other assets like Pokemon cards, and the approval of bitcoin ETFs. Lawmakers also expressed concerns over Gensler’s transparency with Congress, especially regarding interactions with crypto exchange FTX.

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Coinbase Responds to the SEC’s Wells Notice asking for Clearer Crypto Regulation

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file photo SEC Chair Gary Gensler

the staff of the Ridgewood blog

Ridgewood NJ, Coinbase has responded to the SEC’s Wells notice, asserting that they have not changed since being allowed to go public two years ago and still do not list securities. They seek SEC compliance to register for listing securities in the future. Coinbase makes clear that it will continue building its platform, seek legislation from Congress, and request SEC rulemaking for clearer crypto regulation.

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