Gary Gensler

Editor’s note: This story has been corrected to clarify that a letter from Elon Musk’s lawyer says Musk had 48 hours to accept a SEC settlement offer relative to an investigation into Musk’s purchase of Twitter. The U.S. Securities and Exchange Commission has reopened an...

Entrepreneur Vivek Ramaswamy, who will lead a new "Department of Government Efficiency" in Donald Trump‘s administration joined Tesla CEO Elon Musk in sharply criticizing the SEC following a federal court decision. The Fifth Circuit Court ruled that the SEC acted unlawfully in approving...

Ripple CEO Brad Garlinghouse said on Sunday that the establishment of Fairshake, a cryptocurrency-focused super political action committee, was a direct response to the SEC’s approach toward the industry under Gary Gensler. What Happened: During an interview with CBS News that aired on...

Palantir Technologies Inc. (NASDAQ:PLTR) co-founder Joe Lonsdale cheered President-elect Donald Trump's pick to lead the U.S. Securities and Exchange Commission (SEC), Paul Atkins, while calling out Gary Gensler's attitude towards the cryptocurrency industry. What Happened: Lonsdale welcomed Atkin...

XRP (CRYPTO: XRP) continued the upward march Tuesday, becoming the third-largest cryptocurrency by market capitalization after Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What happened: The payment-focused cryptocurrency spiked to $2.84 early in the morning hours, just 19% shy of its all-time...

President-elect Donald Trump is reportedly close to announcing his choice for the new chair of the Securities and Exchange Commission (SEC), with an official announcement potentially coming as early as tomorrow. What Happened: According to sources cited by Fox Business correspondent Eleanor Terrett...

The Securities and Exchange Commission's aggressive stance on the cryptocurrency industry may soon be replaced with a more accommodating regulatory approach. What Happened: With SEC Chair Gary Gensler set to leave office in January and President-elect Donald Trump preparing to appoint a new SEC...

Payment-focused cryptocurrency XRP (CRYPTO: XRP) flipped Solana (CRYPTO: SOL) to become the fourth-largest cryptocurrency after a searing rally on Sunday. What happened: The coin surged over 26% in the last 24 hours, reclaiming the $2 level after a gap of nearly seven years.   The coin...

WAMCO’s Ken Leech Charged With Fraud For Allegedly ‘Cherry-Picking' Trades The Securities and Exchange Commission (SEC) on Monday announced fraud charges against Stephen Kenneth ("Ken") Leech, the former co-chief investment officer of Western Asset Management Company LLC or WAMCO, owned by...

President-elect Donald Trump's transition team is considering Paul Atkins, a seasoned financial regulator and advocate for digital assets, to lead the U.S. Securities and Exchange Commission. What Happened: Atkins, a Republican SEC commissioner during the George W. Bush administration, is among the...

The incoming Donald Trump administration is reportedly planning to extend the regulatory power of the Commodity Futures Trading Commission to oversee a major portion of the cryptocurrency market. What Happened: The CFTC's role could soon expand to include the regulation of spot...

The cryptocurrency XRP Token (CRYPTO: XRP) from Ripple is soaring in price over the last week with a new filing for an XRP exchange-traded fund adding to optimism for the crypto. What Happened: Asset manager WisdomTree filed to establish a trust entity as part of a step towards launching a...

Investors have been hit with an increased amount of short reports from some of the most well-known names in the space, which could be due to high valuations for stocks or could be coming after the 2024 presidential election results. What Happened: Over the past three months, big names in the short...

The Securities and Exchange Commission or SEC has set a new record in financial penalties, with a significant portion resulting from a settlement with Terraform Labs. What Happened: The regulator has gathered $8.2 billion in monetary penalties for the fiscal year 2024, marking the highest amount in...

The Securities and Exchange Commission’s (SEC) lawsuits against cryptocurrency companies will likely reach settlements once Chair Gary Gensler steps down in January 2025, according to crypto asset manager Pantera‘s chief legal officer Katrina Paglia. What Happened: Speaking at the North...