Senator Lummis (R-WY) Champions Regulatory Framework as SEC Faces Cryptocurrency Case and Proposed Restructuring
Senator Lummis (R-WY) remains committed to developing a regulatory framework for digital asset ownership and trading, while the SEC rejects its own enforcement division's attempt to dismiss a case involving cryptocurrency coins. In response, House lawmakers introduced the "SEC Stabilization Act" aimed at restructuring the SEC and removing Chairman Gary Gensler. Meanwhile, a recently surfaced video features SEC Chair Gensler stating that BTC, Ether, and Litecoin are considered "not securities."
The BSV Blockchain Gazette is presented by Bryan Daugherty, Global Policy Director for BSV Blockchain Association, featuring:?
Senator Lummis (R-WY) vows to develop regulatory framework for digital asset ownership and trading
Senator Cynthia Lummis (R-WY) tweeted on June 10 that she remains committed to working on a “regulatory framework that will allow individuals and companies to own and trade digital assets in America.”
SEC rejects own enforcement division's attempt to dismiss case against cryptocurrency coins
The SEC has denied its own enforcement division’s efforts to dismiss a case seeking to block the registration of two cryptocurrency coins created by American CryptoFed DAO LLC. The three Democratic commissioners denied the division’s request to dismiss the in-house proceeding.
House lawmakers introduce "SEC Stabilization Act" to restructure SEC and remove chairman Gary Gensler
House Majority Whip Tom Emmer (R-MN) and Rep. Warren Davidson (R-OH) introduced the “SEC Stabilization Act,” a bill to restructure the SEC and remove Gary Gensler as chairman. The lawmakers say the bill would “fix the ongoing abuse of power and ensure protection that is in the best interest of the market for years to come.”
Video resurfaces of SEC Chair Gensler stating BTC, Ether, and Litecoin are ‘not securities’
A newly surfaced video from 2018 is being circulated on social media in which SEC Chair Gary Gensler says that multiple cryptocurrencies including BTC, Ether, and Litecoin are “not securities.”