Empower Oversight Sues SEC: Selective Enforcement On Crypto

Also Read: Binance Cuts ETH Staking Withdrawal Time, Will Prices Go Down?

advertisement

This complaint comes at a time when the regulatory agency faces criticism from not just crypto trader communities but also top lawmakers in the United States. Recently, Patrick McHenry, Chairman of the House Financial Services Committee, said to SEC Chair Gary Gensler that there was clearly no clarity on regulation for crypto related activities in the US.

All Internal Commications Regarding Cryptocurrencies

The complaint pertains to an August 2021 request from Empower Oversight that sought “all communications between senior SEC officials and their former and future employers and related entities regarding cryptocurrencies.” A statement from the organization said former senior SEC official William Hinman received money in compensation from his former employer Simpson Thacher, was part of a group that promoted Ethereum. Hinman had publicly declared Ethereum (ETH) was not a security while the SEC has been referring to ETH and the other similar cryptocurrencies as unregistered securities, the statement explained.

Hence, the allegation is that there was possibility of conflict of interest between the SEC officials, which explains the request for communications.

Trending Stories
XRP Price Prediction
XRP Price Analysis: XRP Price May Rise 8% this Week if These Conditions are Met
24/7 Cryptocurrency News
floki inu news price
Floki Price Analysis: FLOKI Price Hints 12% Rise this Week, But that’s Just the Beginning 
24/7 Cryptocurrency News
Ethereum Price
Ethereum Price Breakdown below Crucial Support Alerts a Potential Crash to $1500; Sell or Keep Holding?
24/7 Cryptocurrency News
Binance LUNC Burn
LUNC Price Analysis Plots a 10% Rise this Week, But There’s a Catch
24/7 Cryptocurrency News
Breaking: Bitcoin Price Gains After US Jobs Data
Bitcoin Price Analysis: Multiple Resistances Put BTC Price Under 10% Downside Risk
24/7 Cryptocurrency News

Also Read: Do Kwon Pleads Not Guilty To Allegations of Using Fake Passport

Comments

Post a Comment

Popular posts from this blog

Bitcoin 'not undervalued yet' says research as BTC price drifts nearer $16K

Image
An indicator tracking transactions in profit and loss is yet to repeat its traditional bear market bottom sequence, says CryptoQuant. Bitcoin (BTC) may not be good value enough for a macro price bottom, according to Analysis from CryptoQuant. In a blog post on Dec. 29, a contributor to the on-chain analytics platform flagged one BTC price indicator with further to fall. Profitability indicator lacks key cross At nearly 80% below all-time highs, BTC/USD is nearing the zone in which it bottomed during previous bear markets. As CryptoQuant's MAC_D notes, there is no shortage of instruments pointing to the 2022 bear market bottom already forming. Despite this, however, the signs are not yet unanimous, and pointing to transactions in profit and loss, he warns that cheaper BTC prices may still enter. CryptoQuant's unspent transaction outputs (UTXOs) in profit and loss indicator currently shows around 30% of transactions performed at a loss.  "When the UTXOs in Profit and Los...
Read more

Price analysis 11/10: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

Image
Bitcoin and Ether are leading the cryptocurrency markets from the front, but the risk of a short-term pullback remains. News of BlackRock registering the iShares Ethereum Trust increased expectations that the asset manager may eventually apply for an Ether (ETH) spot exchange-traded fund. This is a positive sign as it shows that BlackRock’s cryptocurrency aspirations are not limited to Bitcoin (BTC). Market observers are increasingly optimistic that spot Bitcoin ETFs will be greenlighted by the United States Securities and Exchange Commission in 2024. Bloomberg Intelligence research analyst James Seyffart said on X (formerly Twitter) that there is still a 90% possibility that the regulator will approve a spot Bitcoin ETF by Jan. 10 of the next year. Daily cryptocurrency market performance. Source: Coin360 Galaxy Digital founder Mike Novogratz believes that the approval of the Bitcoin ETF, followed by the Ether ETF, will boost institutional adoption in 2024. During Galaxy Digital’s th...
Read more

Popular Crypto Trading Channel, Tone Vays, Banned On Youtube

Image
Join Our Telegram channel to stay up to date on breaking news coverage Youtube has been enacting an ongoing “soft ban” on the crypto industry. According to the platform itself, there is no such active discrimination taking place, and yet Youtube channels focusing on crypto, in particular, always find themselves restricted or outright banned at some point of time. This time, Youtube seems to have gone for the big fish of the crypto industry’s Youtube presence, banning Tone Vays. Tone Vays, in turn, stands as one of the most vocal and popular crypto analysts in the crypto space of Youtube. Unjustified Persecution Youtube is the largest video content sharing platform in the world, and the platform itself knows it. In recent years, it’s started to crack down on its content, trying to make it as politically friendly as possible, but certain actions have yet to be explained. Tone Vays is one of the most popular analysts within the crypto community and is well-known throughout it. He...
Read more