garygensler
Bitcoin is a "speculative, volatile asset", according to the chairman of the Securities and Exchange Commission (SEC). Regulators in the US recently agreed to allow Bitcoin to be part of mainstream investing funds - but Gary Gensler has already issued a warning to investors, insisting that they shouldn't mistake the approval for an endorsement of the cryptocurrency. Gary Gensler, who is the current chairman of the SEC, said: "Bitcoin is primarily a speculative, volatile asset that's also used for illicit activity including ransomware, money laundering, sanction evasion, and terrorist financing...
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Lindsay Lohan, Jake Paul and Ne-yo are among a string of celebs charged by the SEC over cryptocurrency endorsement deals. The Security and Exchange Commission, the US federal financial regulator, has accused a whole host of celebrities of flouting rules around selling crypto currencies to their followers on social media. In total, eight stars were included in the array of charges including rappers Soulja Boy, Lil Yachty, musicians Austin Mahone and Akon and the adult movie star Kendra Lust along with the ‘Parent Trap’ star, the YouTuber and the music producer. They have been hit with allegatio...
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Do Kwon and Terraform have been charged by US authorities. The failed cryptocurrency and its creato have been indicted on counts by the US Securities and Exchange Commission related to "orchestrating a multi-billion dollar crypto asset securities fraud" after the Singapore-based fund, which created Terra Luna and TerraUSD, failed in 2022; a collapse that is believed to have cost investors more than $40 billion. Gary Gensler, the chair of the SEC said: "We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto ass...
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FTX’s Sam Bankman-Fried has been denied bail in the Bahamas. The disgraced crypto boss was not given bail by a judge on the Caribbean island after he was charged with "one of the biggest financial frauds in US history" on Tuesday (13.12.12). Gary Gensler, the chair of the Securities and Exchange Committee says the 30-year-old founder created "house of cards on a foundation of deception.” JoyAnn Ferguson-Pratt, the Bahamas Chief Magistrate denied releasing hm on bail, deeming him having a “great” risk of fleeing and ruled he be maintained on remand at a correctional facility until 8 February. I...
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Kim Kardashian has been fined for “unlawfully touting” cryptocurrency. ‘The Kardashians’ star was slapped with a $250,000 fine by the SEC after she did not reveal she was being paid to post about Ethereum Max on her Instagram account last year. Gurbir S Grewal, the director of the The Security and Exchange Commission’s Division of Enforcement said on Monday (03.10.2022): “The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion. He ru...
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