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Заголовок A Turning Point For Crypto? Ex-SEC Officials To Testify Vs Regulator In ‘Dazed’ Hearing
Дата 20240918

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A Turning Point For Crypto? Ex-SEC Officials To Testify Vs Regulator In
Dazed Hearing

A Turning Point For Crypto? Ex-SEC Officials To Testify Vs Regulator In
Dazed Hearing

by Christian Encila

1 hour ago

in Crypto News

0

In a well-publicized congressional hearing scheduled on September 18, 2024,
former high-ranking United States Securities and Exchange Commission
executives are to testify against the agency. Dubbed Dazed and
Confused• Музыка » Блюз » Блюз-рок » Группы блюз-рока » Led Zeppelin » Песни Led Zeppelin » Dazed and Confused
: Breaking Down the SEC s Politicized Approach to Digital
Assets, the hearing will center on the divisive SEC policies on crypto,
especially under Chair Gary Gensler s direction.

Related Reading: BREAKING: Secret Service Foils 2nd Assassination Try Of
Trump; Trump-Based Crypto Tokens Collapse

This testimony would most probably give insight into the perceived overreach
as well as the lack of clear and explicit guidelines for the crypto industry.

Ex-SEC Officials To Testify Against SEC In Crypto Hearing
https://t.co/xupt7Y4wRk

John Morgan (@johnmorganFL) September 16, 2024

Witnesses And Their Insights

Dan Gallagher, a former SEC commissioner, and Michael Liftik, who used to be
Deputy Chief of Staff to former SEC Chair Mary Jo White, are among the most
important witnesses.

Gallagher is now the Chief Legal Officer at Robinhood Markets, while Liftik is
a partner in Quinn Emanuel Urquhart & Sullivan, LLP. The insider views
from these two would reflect the internal happenings and decision-making of
the commission during Gensler s tenure.

Source: US House Subcommittee on Digital Assets, Financial Technology and
Inclusion.

Some of the witnesses appearing before the committee will include Teddy
Fusaro, the president of Bitwise. They are joined by Jennifer Schulp of the
Cato Institute. The testimonies will, in many respects, focus on general
impacts of enforcement centered by the SEC.

Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap currently at $2.011 trillion. Chart: TradingView

Gensler In The Crosshairs

In recent years, the enforcement activities of the SEC with regards to
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта companies had increased. The SEC reported an all-time-high in
enforcement actions last year, and critics furiously argue that the agency
relies on a practice called regulation by enforcement.

Wowall 5 SEC Commissioners!

What are the odds @PatrickMcHenry will ask Gary—one last time—whether ETH is a
security or a commodity? 😂

We can count on @RepRitchie for a few good zingers.

Could be @HesterPeirce ’s audition for the top spot if . . . well, you know.

Good workhttps://t.co/QmoAXmoeli

— MetaLawMan (@MetaLawMan) September 17, 2024

Once again, this has left people in the crypto community frustrated and
confused as companies attempt to navigate murky waters of unclear regulations.

Beyond regulation, Gensler s leadership is under review. House
Republicans are investigating SEC hiring practices for political bias, casting
doubt on the agency s independence. This inquiry puts Gensler under
further pressure before his congressional testimony this month.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mine Shutdown In Norway Sparks Higher Power Bills For
Residents

Crypto Regulation Moving Forward

The crisis hearing might change US cryptocurrency regulation• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. With
Gensler s regulatory style and the SEC s approach to digital
assets under intense scrutiny, testimonies may change how cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта are
regulated.

Featured image from Getty Images, chart from TradingView

============= Итог: 3,3311 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin 1,3333 ; Музыка#Блюз#Блюз-рок#Группы блюз-рока#Led Zeppelin#Песни Led Zeppelin #Dazed and Confused

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