Guess what? The price of Bitcoin shot up when the current SEC boss, Gary Gensler, announced he's leaving his job. This happened after Donald Trump won the US election and said he'd replace Gensler. Why did Bitcoin rise? Well, Trump is more friendly to cryptocurrencies than Gensler. Gensler had been hard on crypto, saying it was full of scams. So, when investors heard...
SEC Chair Gary Gensler is leaving his post on January 20, 2023, when Donald Trump's administration takes over. Gensler, appointed by President Biden in 2021, was known for his tough stance on Wall Street and the crypto industry. He pushed for more transparency, reduced risks, and fought conflicts of interest. Gensler's tenure saw several major changes like speeding u...
In a world where technology is rapidly changing the way we live, a new player has entered the market, promising to revolutionize the world of finance. Donald Trump, the former President of the United States, has launched a new crypto project called World Liberty Financial, which aims to create a decentralized financial platform. The platform, according to its founder...
The final week of July begins with cryptocurrency investors bracing themselves for a potentially volatile ride. After a weekend of political developments and central bank meetings on the horizon, Bitcoin and Ether are experiencing a reversal in their gains. But what's driving this market movement, and what does it mean for the future of cryptocurrency? The Federal R...
The U.S. Securities and Exchange Commission has filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register its retail crypto asset lending product, Abra Earn. The SEC charged Abra with violating registration requirements under the Securities Act of 1933. Abra Earn allowed individuals to lend their cryptocurrencies to ...
As the US Securities and Exchange Commission (SEC) continues its relentless pursuit of the cryptocurrency sector, OpenSea, a popular NFT marketplace, has been issued a Wells notice, a precursor to formal charges. This development has sent shockwaves through the crypto community, with many questioning the SEC's motives and the potential implications for the industry. ...