Two SEC Lawyers Resign Amidst Judicial Rebuke
SEC attorneys Michael Welsh and Joseph Watkins resigned after mishandling a crypto case and facing severe criticism and sanctions from Judge Robert Shelby for misrepresentations and errors.
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Gary Gensler teases resignation, crypto community reacts strongly
18/04/2024 20:34
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Grayscale Executives Resign from Board, New Appointments Announced
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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.
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The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week.
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As a new Congress prepares to work on uncertain crypto legislation next year, the SEC chairman says his agency needs nothing apart from more money and more reach overseas.
CoindeskCommunity reacts after SEC’s Gensler affirms BTC’s commodity status
Gensler said he saw many crypto assets having attributes of a security, adding that Bitcoin is the only crypto he was comfortable publicly labeling as a commodity.
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