SEC hires 20 more staff to police crypto markets
SEC hires 20 more staff to police crypto markets
The US Securities and Exchange Commission has nearly doubled the size of its crypto market and cyber enforcement unit, growing the team to 50 positions with the addition of 20 new staff.
Why Gary Gensler & The SEC Is Destroying Crypto (& Targeting Ripple XRP)
Cryptocurrencies have taken the world by storm, but with their meteoric rise has come increased scrutiny from government regulators. Gary Gensler, former chair of the Commodity Futures Trading Commission (CFTC) and current SEC chair, recently said that the SEC is coming for crypto. The SEC has already begun issuing warnings and cracking down on suspected securities violations. What does this mean for your investments? In this video, we take a look at what the SEC is targeting in the cryptocurrency space and explore the implications for investors and speculators.
Timestamp
00:00 Why The SEC Will Ruin Crypto
00:25 Ishan Wahi, Coinbase Insider Trading Scheme
01:04 The SEC sues Coinbase For Securities Violation
1:44 History of Securities Laws & Creation of SEC
2:33 Defining Security
3:01 William J Howey & The Howey Test
4:18 The SEC sues Ripple XRP
5:14 Gary Gensler’s Thoughts on Crypto Regulation
5:37 The SEC’s Regulation on Bitcoin and Ether
6:21 CFTC Crypto Regulation
06:45 The SEC Goes After NFTs & Bored Ape Yacht Club’s Yuga Labs
07:11 The Effects On the Crypto Market If The SEC Were To Regulate It
07:49 A Huge Thank you
Video TL/DR:
• The SEC is investigating a number of crypto firms for breaching securities laws, which could have major implications for the crypto industry.
• Ishan Wahi, a former manager at Coinbase, is facing criminal charges for insider trading.
• The SEC is also investigating Coinbase for listing certain tokens as unregistered securities.
• Ripple is preparing to be sued by the SEC for selling unregistered securities.
• Ethereum’s transition to a Proof of Stake system has raised alarms with the SEC.
• The CFTC has already declared Bitcoin and Ethereum as commodities.
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Disclaimer: Nothing I say on this channel is financial advise. Please do your own research.
✅ For business inquiries contact me at [email protected]
✅ Let’s connect on Twitter – @ch_egan
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�� Articles used in the video:
“Why the Crypto World Flinches When the SEC Calls Coins Securities”
https://www.washingtonpost.com/business/why-the-crypto-world-flinches-when-the-sec-calls-coins-securities/2022/09/22/cd4118fc-3a2b-11ed-b8af-0a04e5dc3db6_story.html
“‘Coinbase Effect’ Means Average 91% Token Price Gain in 5 Days, Messari Says”
https://www.coindesk.com/markets/2021/04/07/coinbase-effect-means-average-91-token-price-gain-in-5-days-messari-says/
“Three Charged In First Ever Cryptocurrency Insider Trading Tipping Scheme”
https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme
“SEC Claims Coinbase Currently Lists Nine Crypto Assets That Are Securities”
https://decrypt.co/105693/sec-coinbase-lists-nine-crypto-tokens-securities
“Gensler Says Proof-of-Stake Assets Could Be Securities: Report”
https://decrypt.co/109881/gensler-proof-of-stake-ethereum-securities
“Ether’s New ‘Staking’ Model Could Draw SEC Attention”
https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224
“Crypto and the US Government Are Headed for a Decisive Showdown”
https://www.wired.com/story/crypto-web3-securities-ripple-sec-lawsuits/
2021 Aspen Security Forum | The View from the SEC: Cryptocurrencies and National Security
Speaker: Gary Gensler, Chairman, Securities and Exchange Commission
Moderator: Paul Vigna, Reporter, The Wall Street Journal
Introduced by: Anja Manuel, Director, Aspen Strategy Group
Cryptocurrencies The SEC Will Target: Here Are The Clues!!
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��Essential Videos��
Crypto Decentralization Explained �� https://youtu.be/9ybYhv_VFaE
SEC Enforcement Hearing Summary �� https://youtu.be/8HbK_cBzt10
How To Read Crypto Whitepapers �� https://youtu.be/j63BIv0oQjg
Flexa Network AMP Analysis �� https://youtu.be/mTa9Ng1o0GE
Crypto Mining And The Climate �� https://youtu.be/UCwLIE62iWg
Coinbase Listing Criteria �� https://youtu.be/GnI8-uxZPEg
Exchange Tokens Explained �� https://youtu.be/TB3SL9VarQ4
Aave Decentralized DeFi Potential �� https://youtu.be/VpCsOiMYTb0
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⛓️ �� Useful Links �� ⛓️
► SEC Coinbase Employee Insider Trading Full Complaint: https://www.sec.gov/litigation/complaints/2022/comp-pr2022-127.pdf
~~~~~
– TIMESTAMPS –
0:00 Intro
1:37 SEC vs. Cryptocurrency
4:48 SEC’s Insider Trading Complaint
7:24 AMP
9:20 RLY
12:11 DDX
13:38 XYO
14:37 RGT
17:01 LCX
18:32 POWR
19:40 DFX
21:14 KROM
22:44 Which Cryptos Are At Risk?
26:18 Outro
~~~~~
�� Disclaimer ��
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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This Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, endorsement, or offer by any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.
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