Gary Gensler | FinTelegram News

Tag: Gary Gensler

October 18, 2023

Is Artificial Intelligence In Finance A Revolution Or A Risk?

The application of artificial intelligence (AI) in finance has spurred a wide range of opinions and concerns among experts and regulators. Just recently, SEC Chair Gary Gensler warned about the impact of AI on financial markets. While AI has the potential to revolutionize the financial industry, there are also fears about its impact on financial stability, ethics, privacy, and other areas. Here are some reasons why some experts are apprehensive:

Crypto
SEC

October 6, 2023

Gary Gensler’s Failed Crypto Oversight: A Call for Resignation

The crypto industry in the U.S. is at a pivotal juncture, and much of the recent turmoil can be traced back to the leadership of the current SEC Chair, Gary Gensler. His tenure has been marked by a series of missteps, questionable decisions, and a lack of clarity that has left the crypto community in the U.S. feeling targeted and uncertain about its future. However, in the FTX case, Gensler acted far too relaxed. He failed!

September 3, 2023

US Regulator SEC Under Pressure With Its Lawsuits Against U.S. Crypto Firms!

The U.S. SEC has been embroiled in various legal battles with crypto companies to exert its authority over the rapidly evolving digital asset landscape. Notably, Coinbase, the public-listed US crypto platform, and Ripple, a crypto remittance network, have heatedly confronted the SEC. Biden's appointed Chair of the SEC, Gary Gensler has come under pressure recently for his approach against the crypto industry.

August 18, 2023

Former SEC Chair Provides Insights Into the Battle Between Binance and SEC!

Binance is under pressure in the U.S. from regulators CFTC and SEC and has reportedly refused to enter into an out-of-court settlement with the SEC. Binance's legal clash with the SEC has taken a fresh twist, with the exchange seeking a protective order to curtail the regulator's extensive deposition requests. Former SEC Chief John Reed Stark has offered insights into the potential implications of the protective order motion.

July 23, 2023

U.S. Lawmaker Accused SEC Chair Of Weaponizing The Agency Against The Crypto Industry.

New York Democrat Congressman Ritchie Torres reaffirmed his recent criticisms of the embattled U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, accusing him of trying to undermine the crypto industry and "weaponizing" the agency against it. Torres urged Gensler and the SEC to reevaluate their approach to cryptocurrencies following what he described as a "dreadful day in court" for the SEC.

June 23, 2023

Embattled SEC Chair Gary Gensler Faces Ethics Scrutiny Over His Handling Of The FTX Case!

The 45-minute Zoom call between SEC Chair Gary Gensler and the disgraded FTX co-founder Sam Bankman-Fried (SBF) in March 2022 raises questions. New York Post's On The Money revealed that Gensler did not seek approval from the SEC's Office of the Ethics Counsel for the meeting, which goes against the agency's protocol. Experts suggest that it likely would have been denied if he had sought permission.

June 20, 2023

Former Terra-Luna Executives Do Kwon And Han Chang-joon Sentenced for Forgery In Montenegro!

Do Kwon, the CEO and co-founder of the collapsed $40 billion Terra-Luna stablecoin scheme, along with Han Chang-joon, the scheme's CFO, have been sentenced to four months in jail in Montenegro. The court found them guilty of forging official documents. Kwon and Han were arrested at Podgorica Airport in March as they attempted to board a flight to Dubai using counterfeit documents. Both pleaded not guilty.

June 18, 2023

Under Fire: SEC Chair Gary Genser May Not Survive His Fight Against The Crypto Industry!

Gary Gensler, the 65-year-old old Chair of the U.S. Securities and Exchange Commission (SEC), has been calling for an aggressive approach to regulate the crypto industry. Its surging growth has rattled the financial world and raised concerns about its potential for fraud and abuse. Most recently, the SEC has brought lawsuits against Binance and Coinbase, and they are fighting back with the best and most expensive lawyers. The SEC Chair may lose his job over this ridiculous fight against the crypto industry.

June 18, 2023

Agreed: U.S. Coinbase Blames SEC To Create a Catch-22 For The Crypto Industry!

The U.S. Securities and Exchange Commission (SEC) charged crypto exchange operator Coinbase last week, accusing it of violating the U.S. securities law. The crypto company has filed an official request in federal court after facing vague responses from the SEC. Paul Grewal, Chief Legal Officer for Coinbase, took it to Twitter, expressed concern about the government's defiance of a federal court's direct question, and criticized the SEC's evasive response.

June 7, 2023

Coinbase And Binance Fight Back Against U.S. Regulator SEC And Its Chair Gery Gensler!

We are only in the middle of the week, but the first few days have provided a lot of excitement in the crypto market. The U.S. Securities and Exchange Commission (SEC), chaired by Gary Gensler, has filed lawsuits against two major crypto exchanges, Binance and Coinbase, for violating securities laws. Both crypto exchanges are fighting back and are now heavily blaming the regulator for not providing the requested guidance.

May 21, 2023

US Regulator SEC Appoints New Deputy Director For Legal And Regulatory Police!

This week, the U.S. Securities and Exchange Commission (SEC) announced that Mellissa Campbell Duru has been named Deputy Director for Legal and Regulatory Policy in the Division of Corporation Finance. She was most recently a Special Counsel at Covington & Burling LLP. Before that, she spent over 15 years in various SEC roles.

April 24, 2023

Bravo: While The US Struggles, The EU Welcomes Crypto As Part Of The European Monetary System!

The United States is having trouble losing its world power dominance to China and is clinging to old principles. The proxy war with Russia over Ukraine is also seen by many as a geopolitical measure to weaken the EU and bind it more closely to itself. The dollar has lost a great deal of importance in recent years, which also costs influence. While the Americans struggle with cyberfinance and crypto, the EU has made Bitcoin & Co part of the European financial system with MiCA.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.

Prison Update: Sam Bankman-Fried Transferred to Low-Security Federal Prison in Los Angeles!

Sam Bankman-Fried (SBF), the founder of the now-defunct cryptocurrency exchange FTX, has been transferred to the Federal Correctional Institution (FCI) Terminal Island in Los Angeles, California. This low-security facility is known for housing non-violent offenders and has previously held notable inmates such as Ramesh "Sunny" Balwani, former COO of Theranos.