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The Latest Breaking News from Gensler

Binance Faces $81.5 Billion Lawsuit In Nigeria Over Alleged Economic Harm: Report

Nigeria wants Binance to pay a total of $81.5 billion in economic damages and unpaid taxes, as per a new report. The lawsuit comes as the crypto exchange giant grapples with earlier legal complaints, including accusations of money laundering and tax evasion.

International Business Times

Elon Musk Faces SEC Penalty Over Twitter Stock Purchases

Elon Musk faces potential SEC penalties for Twitter stock purchases. SEC reopens investigation into Neuralink. Gensler resigns as SEC Chairman.

Top News

SEC Disbands ESG Task Force Amidst Setbacks And Growing Corporate Priorities‌ ‌

Enforcement group dismantled as ESG rules stall, companies shift focus to inflation, AI, and geopolitics. ‌

Zenger

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Coinbase Seeks Documents From SEC In Crypto Lawsuit

Coinbase has asked the court to force the SEC to produce documents that the crypto giant believes are crucial in its defense – documents Coinbase said the SEC has withheld on the grounds of privilege and burden.

International Business Times

Trump Picks $BTC Holder J.D. Vance For VP – Is He Good For Crypto?

The crypto community is celebrating Donald Trump's VP pick, J.D. Vance, but the real question is, will he be good for the crypto industry? What has he done so far for the crypto sector?

International Business Times

US Elections 2024: Biden Campaign Reportedly In Talks To Accept Crypto Donations

U.S. President Joe Biden's re-election campaign has taken another step closer to the crypto industry as a new report revealed that the team is in discussions to accept donations from digital asset users through Coinbase Commerce – the same platform that facilitates crypto donations to ex-President Donald Trump's campaign.

International Business Times

Ripple CEO Believes XRP, SOL, ADA ETFs Are Inevitable After Ether Approvals

Ripple CEO Brad Garlinghouse is positive that the crypto market will see XRP, SOL, and ADA ETFs in the long run now that spot ETH ETFs have been approved even as some industry analysts don't expect more crypto ETF approvals.

International Business Times

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SEC Ripple Case: Regulator Insists $2B Penalty 'Needed' To Deter Crypto Giant's Future Violations

The SEC has reiterated in another court filing that a massive penalty on Ripple was necessary to ensure that future violations will be deterred.

International Business Times

OKX Launches In Crypto-Friendly, High Demand Turkey

OKX has launched OKX TR for Turkish crypto users, promising low transaction fees and quick processing of deposits and withdrawals.

International Business Times

BlackRock Expects Official Entry Into Crypto Industry Via Bitcoin ETF On Wednesday: Report

Ahead of the deadline for the SEC to make a decision on the spot Bitcoin ETF proposals, former SEC chair Jay Clayton said the "approval is eventually inevitable."

International Business Times

Bitcoin's Drop To $40K Spurs $671M In Long Liquidations, Heightens Market Volatility

Ongoing speculation links Bitcoin's price plunge to reports hinting at the SEC's potential rejection of spot Bitcoin ETF applications.

International Business Times

We don’t go to the movies for a history lesson, but shouldn’t Napoleon at least be entertaining?

You don’t go to this Bonaparte biopic for a history lesson or authentic settings – but shouldn’t it at least be entertaining?

The Guardian - UK

No sweat: A Chicago developer bets on a bathhouse for the Near West Side

Alex Najem of Fulton Street Cos. has a site for the wellness space on Madison Street he hopes will appeal to the growing residential population.

Chicago Sun-Times

Crypto's advocate at the CFTC still has doubts about DeFi

Even CFTC Commissioner Summer Mersinger has her reservations about decentralization and liability.

Fortune

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Fortune

Will the SEC appeal the big Ripple decision? Here's what lawyers think

The judge's reasoning in the big Ripple decision leaves the SEC a big opening to appeal—but there's a good chance the agency will just cut its losses.

Fortune

Crypto legal maneuvering could create a nightmare scenario for liberals

Why Coinbase’s lawsuit against the SEC is more than what it seems.

Fortune

The crypto industry enlisted an unlikely champion in its crusade against the SEC: An ex-Coinbase manager convicted of insider trading

Why top companies like Coinbase and Paradigm are backing the disgraced employee.

Fortune

Binance once tried to hire SEC Chair Gary Gensler

The SEC chair rejected the offer, and those of several other companies, while he worked at MIT from 2018 to 2021.

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Ballotpedia

Checks and Balances: Illinois Joint Committee on Administrative Rules blocks governor’s emergency rule

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

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