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Showing posts with the label gary gensler

Bullish: Coinbase increases offerings in New York as anti-crypto policy softens in the US

Coinbase (NASDAQ: COIN), the leading United States crypto exchange, increased its assets offerings in New York, making more cryptocurrencies available. The change comes as the Southern District of New York promises to soften its anti-crypto approach in the region post-FTX. The world’s financial center and US city is known for having a singular regulation regarding cryptocurrencies, requiring services to adapt. However, it might be ending following a Manhattan US Attorney decision, Gary Gensler’s hint to resign, and Coinbase’s new offerings. In particular, Coinbase Assets announced six new cryptocurrencies are now available to New York residents this Wednesday, November 13. They are Arbitrum (ARB), Sei Network (SEI), Aioz Network (AIOZ), MultiversX (EGLD), Helium Mobile (MOBILE), and Stader (SD). Picks for you Here's when Cardano (ADA)...

XRP Price Prediction: Can It Hit $1 This Month?

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Since the start of November, the crypto market has been in the midst of a monumental bull run. With Bitcoin reaching an all-time high of $89,000, there has been nothing but optimism within the digital asset sector, leading many to ponder if Ripple (XRP) could see its price bound for a $1 surge this month. The 2024 presidential election saw Donald Trump emerge victorious over Kamala Harris. Now, the country is set to see the impending commander-in-chief be the first pro-crypto president the nation has ever seen. With regulatory clarity on the horizon, Ripple may be bound to be one of the greatest beneficiaries. Ripple Price Prediction: Is Now the Time for XRP to Reach a $1 Price? Source – Bitcoinist Also Read: Donald Trump Could Pass Bitcoin Reserve Bill in First 100 Days Over the last several years, Ripple (XRP) has struggled immensely with its operations in the United States. Specifically, it has found itself engaged in a legal battle with the US Securities and Exchange Commissio...

Trump Promises to Protect Crypto Startups, Change SEC if Elected

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Amid the launch of his new cryptocurrency project, World Liberty Financial, Donald Trump promises to protect crypto startups and address much-needed changes to the US Securities and Exchange Commission (SEC) if he wins reelection in November. Indeed, the 45th President of the United States noted that new crypto firms will be the first to benefit from his return to the Oval Office. Moreover, Trump didn’t mince words on SEC Chair Gary Gensler. Specifically, he targeted the agency’s increased enforcement action against the sector. In previous interviews, he noted that replacing Gensler would be a priority for his new administration. That alone should have massive implications for crypto and its progress in the country. Source: CNN Also Read: Bitcoin: Bernstein Says Donald Trump Reelection May Push BTC to $90,000 Trump Slams SEC, Promises Ease for Crypto Startups If He Returns to White House in 2024 Throughout his campaign this year, Donald Trump has made cryptocurrencies a key ...

SEC postpones deadline for decision on Invesco Galaxy spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed its review of Invesco Galaxy’s Ethereum (ETH) spot ETF. Setting a new deadline of Feb. 6, the SEC has pushed back the applications of a spot ETH ETF that would allow the Cboe BZX Exchange to list and trade shares of the Invesco Galaxy Ethereum ETF. “The 45th day after publication of the notice for this proposed rule change is December 23, 2023. The Commission is extending this 45-day time period.” SEC In September, asset managers Invesco and Galaxy Digital submitted a joint filing to SEC to launch an Ethereum-based ETF. The tool will reflect the spot price of the second-largest cryptocurrency by capitalization. ETH will be stored by a separate custodian, who has not yet been named. The SEC was supposed to decide on the application by Dec. 23. You might also like: Invesco submits new spot bitcoin ETF application In addition to Invesco, last week the Commission announced that it will not have time to...