Archive: gary gensler

On Tuesday, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House about the SEC’s crackdown on crypto. And it wasn’t pretty. Gensler declined to answer some very direct questions about conflicting and confusing regulations.  House Republicans, including House Financial Services Committee Chair Patrick McHenry, tore into Gensler for the SEC’s unclear and hard line approach. “Regulation by enforcement is not sufficient nor sustainable,” McHenry said. In this episode of…

Regulators Try to Tighten Their Grip on Crypto

By Yasmin Sharbaf on September 23, 2022

Crypto Market Musings On Wednesday, the Fed raised interest rates for the third time this year by 75 basis points. Both the stock and crypto markets responded quickly to the aggressive rate hike. As of this writing, bitcoin is down 2.6% and trading below $19,000. Ethereum fell by…

Goldman Sachs Signals Crypto Is Here for the Long Haul

By Vin Narayanan on April 1, 2022

Goldman Sachs has made its first crypto trade. No, this isn’t an April Fool’s joke. The trade actually happened last week.  It was a bitcoin derivatives trade with Galaxy Digital. And Goldman is interested in participating in a full-fledged options market…