Sen. Warren queries SEC chair on lack of crypto investor protection
The former presidential candidate has written to the SEC chairman for answers about plans for crypto consumer protection protocols in the United States. Senator and former United States presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country.According to Reuters, Warren has written to Gary Gensler, chairman of the U.S. Securities and Exchange Commission, demanding answers about the scope of the SEC’s crypto oversight in the area of consumer protection.In a statement issued by Warren, the chair of the Subcommittee on....
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman Gary Gensler detailed his agency’s approach to regulating cryptocurrencies before the Senate Banking Committee Tuesday. He assured senators that the SEC is working overtime to create a regulatory framework for crypto assets. Noting the....
Elizabeth Warren outlined her concerns about the cryptocurrency market in a letter addressed to Janet Yellen that was obtained by CNBC. Senator Elizabeth Warren, a Democrat from Massachusetts, has called on United States Treasury Secretary Janet Yellen and other regulators to develop a “comprehensive and coordinated” framework for addressing risks in the cryptocurrency market. In a letter addressed to Yellen, the Democratic senator said the Financial Stability Oversight Council, also known as FSOC, “must act quickly to use its statutory authority to address cryptocurrencies’ risks and....
Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoin mining] plants raise concerns about their impacts on the global environment.”
Elizabeth Warren Takes Aim at Bitcoin Mining Operations
The former law professor and the United States Democratic Party senator from Massachusetts, Elizabeth Warren, has taken aim at cryptocurrency mining operations after she criticized digital....
America’s securities chief has crypto regulatory ambitions beyond ETFs and token offerings, which include markets like lending and DeFi. Gary Gensler, chairman of the United States Securities and Exchange Commission, is reportedly keen on bright-line regulations for the country’s crypto space.Gensler expressed the SEC’s desire to install safeguards for crypto investors in the U.S. in a Bloomberg interview, stating, “If somebody wants to speculate, that’s their choice, but we have a role as a nation to protect those investors against fraud.”The SEC chairman identified seven crypto-related....
Warren Buffet’s most recent critique about Bitcoin is its lack of “producing” anything, which actually proves its monetary properties and usefulness as money.