Congressman Ritchie Torres Calls Out SEC Chair Gary Gensler
The SEC vs. Ripple ruling rejects the SEC's broad classification of crypto assets as securities, only when sold as part of investment contracts.

The SEC vs. Ripple ruling rejects the SEC's broad classification of crypto assets as securities, only when sold as part of investment contracts.
The conversation centered around the recent lawsuits brought by the SEC against Binance and Coinbase over alleged securities law violations.
Binance argued in February, and again earlier this month, that SEC Chairman Gary Gensler should recuse himself from the SEC lawsuit against the exchange. It claimed that his previous interactions with the exchange’s CEO Changpeng Zhao justify his recusal.
Lawyers representing Binance in its battle against the Securities and Exchange Commission have made a startling revelation.
Gary Gensler addresses the Coinbase lawsuit during the Piper Sandler Gl.obal Exchange and Fintech Conference
Securities and Exchange Commission Chair Gary Gensler suggested Wednesday that tokens using staking protocols could be considered securities under U.S. law. Gensler suggested that the returns token holders see from staking indicate that those tokens are securities and would need to be registered as such under U.S. law.
The legal battle between Ripple Labs and the U.S. SEC continues to await a decision after the final briefs were submitted by both parties about a month ago.
The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week.
The U.S. Securities and Exchange Commission has been "loud and clear" that crypto doesn't get a "pass" from longstanding consumer protection laws.
The U.S. lawmaker also attributed FTX’s collapse to business ethics, government oversight, and regulatory procedures.