Ripple CEO Brad Garlinghouse Targets SEC Chair, Gary Gensler
On Friday, Ripple CEO Brad Garlinghouse targeted SEC Chair Gary Gensler, saying,
“For the Chair of the SEC to assert that he dictates what is a security – and not the legislation from which his agency derives its power – is beyond comprehension. It’s time for elected officials in the US to take notice.”
On Monday, the Commodity Futures Trading Commission sued Binance, CZ, and Binance executives. Notably, the filing labeled bitcoin (BTC), ether (ETH), and litecoin (LTC) commodities.
The language contradicted the views of SEC Chair Gary Gensler, who called all cryptos, except for BTC, securities.
Ripple counsel Stuart Alderoty had this to say about Gensler’s sweeping statement that all cryptos except BTC are securities,
“Chair Gensler has again proclaimed that every cryptocurrency, except BTC, is an unregistered security. He now must recuse himself from voting on any enforcement case that raises that issue since he has prejudged the outcome. Antoniu v. SEC (8th Cir. 1989).”
In April, Gary Gensler will deliver testimony at a subcommittee hearing on Capitol Hill. A grilling could be on the cards, with disagreements between the CFTC and SEC on crypto categorization likely to draw scrutiny.
Trump Indictment Drives Demand for Trump NFTs
On Thursday, a Manhattan grand jury indicted former US President Trump. Trump is the first former US President to face criminal charges.
While the global financial markets showed little reaction to the news, the NFT marketplace gave Trump supporters a place to voice their views on the indictment.
According to Cryptoslam, total Trump NFT transfers jumped from 75 to 191 on Thursday, March 30. Notably, total sales jumped from $59,989 to $164,760. However, the upswing was short-lived, with NFT transfers sliding back to 83 on Friday.
Credit: Source link