News

Why Clashing With OpenSea Could Be The Last Straw For Gary Gensler

Posted on by TME in Blockchain, Congress, Cryptocurrency

Gary Gensler’s tenure as Chair of the Securities and Exchange Commission (SEC) has become increasingly contentious, particularly after OpenSea’s CEO, Devin Finzer, announced via tweet on August 28, 2024 that the company received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice signals the SEC’s intent to pursue enforcement action against a leading NFT marketplace.

This latest notice epitomizes the Gensler-led SEC’s aggressive and controversial approach to digital assets. Critics argue that Gensler’s actions reveal a reckless disregard for the statutory framework governing the SEC and its policy goals, raising serious concerns about whether he is prioritizing his regulatory agenda over the best interests of investors and markets.

Read the full article at Forbes.com.

Maxine Waters Declares Pro-Crypto Shift For Next Congressional Session

Posted on by TME in Intellectual Property

In a August 21st appearance on the Our Native Land podcast during the 2024 Democratic National Convention in Chicago, IL., hosted by Angela Rye, Tiffany Cross, and Andrew Gillum, Rep. Waters signaled an evolution in her perspective on cryptocurrency. She explained that if Democrats regain control of the House and she resumes her role as Chair of the HFS committee, one of her top three priorities would be fostering innovation in artificial intelligence, cryptocurrency, and other emerging technologies.

Proof of Pivot?

Read the article at Forbes.com. 

Kamala Harris Hints At Pro-Crypto Pivot With Key Adviser Picks

Posted on by TME in Cryptocurrency, politics

Rules, not rulers—this is a core tenet of crypto. The distrust of government and centralized power is integral to the decentralized peer-to-peer cash envisioned by bitcoin creator Satoshi Nakamoto. Under the Biden administration, the crypto industry has faced even more aggressive regulatory actions than before, increasing distrust among stakeholders. Despite skepticism that Vice President Kamala Harris, if elected, might continue Biden’s anti-crypto stance, recent campaign adviser appointments might suggest otherwise.

Read the full article at Forbes.com.