NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Crypto Vs. Gensler: 18 States File Lawsuit Against SEC Over Alleged Industry Persecution

Christian Encila
Christian Encila
10 months ago
3 mins read
Gensler

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

For months, the cryptocurrency community has criticized the US Securities and Exchange Commission (SEC) under Chairman, Gary Gensler. Gensler’s aggressive regulatory approach has irked many in the industry, particularly the Ripple executives. Today, critics are taking Gensler to court over what they claim as the agency’s “gross government overreach.”

Related Reading

Solana

Solana Rising: Key Metrics Hint At Serious Ethereum Competitor

10 months ago

According to Eleanor Terrett of Fox Business, 18 states are already frustrated with Gensler’s management style, affecting the crypto industry. Republican attorney generals, including Kentucky’s Russell Coleman, are leading the lawsuit, arguing that the current SEC chair is bullying the sector.

Lawsuit Argues That Gensler Is ‘Overstepping His Authority’

The states’ lawsuit reflects the growing discontent over Gensler’s approach to crypto regulation. According to Attorney General Coleman, the agency is trying to remove the regulatory authority away from states on cryptocurrency enforcement.

🚨SCOOP: 18 U.S. states have filed to sue the @SECGov and its commissioners, accusing them of unconstitutional overreach and unfair persecution of the #crypto industry under the leadership of agency chief @GaryGensler.

The lawsuit, signed by 18 Republican Attorneys General,… pic.twitter.com/wxOovuIRQH

— Eleanor Terrett (@EleanorTerrett) November 14, 2024

Gensler’s “regulation by enforcement” removes the states’ control over regulation and deprives them of the opportunity to define their economic policies. The attorneys further explained that the agency’s crypto crackdown is intense, aggressive, and far removed from its original mandate.

According to the petitioners, Gensler’s management style is more about control than upholding the law or protecting consumers. The lawsuit aims to stop Gensler from aggressively attacking the industry and instead create clear and established rules for stakeholders.

Total crypto market cap currently at $2.9 trillion. Chart: TradingView

Gensler’s Long-Running Feud With Crypto

The crypto industry currently sees Gensler as its enemy. Immediately after becoming SEC chief, Gensler led investigations and inquiries against the most prominent crypto companies. He has consistently argued that many companies work in “legal gray zones.”

Ripple Labs, the developer of XRP, has a long-running feud with the SEC over the sale of its digital token. The regulator has argued that the company broke the law by selling tokens (XRP) without registering these as securities.

Last year, Ripple Labs scored a court victory when US district judge Analisa Torres found Ripple’s XRP was covered by the country’s securities law when marketed to institutional investors.

Related Reading

Shiba Inu

Shiba Inu Price Watch: 60% Rally Catches Whale Attention – Is More Growth Ahead?

10 months ago

Gensler Responds To Crypto-Related Issues

Gary Gensler recently broke his silence and defended his record as Chairman of the SEC during remarks made last Thursday. He emphasized that courts have consistently supported the agency’s actions aimed at protecting investors, rejecting claims that the SEC lacks the authority to enforce securities laws.

However, with Republican Donald Trump winning the selections, Gensler may have a few options left. Trump has consistently signaled his support for Bitcoin and cryptocurrencies and promised to replace him as SEC chair once he starts work in the Oval Office.

Featured image from Fortune, chart from TradingView

Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

dOGECOIN

Imetniki Dogecoina in Pepeja se obračajo k Pepenode

Trg meme kovancev se trguje na podlagi časovnega razporeda, zgodb in pozornosti. Vlagatelji, ki razumejo to dinamiko, lahko dosežejo znatne...

tanjapotocnik 1 hour ago

Ethereum Rischia Prese di Profitto a Settembre Nonostante l’Aumento di 638 Milioni di Dollari negli ETF

Ethereum (ETH) continua ad attirare l’attenzione istituzionale, con forti afflussi negli ETF spot che evidenziano la crescente domanda. Afflussi Record...

clararosati 2 hours ago
한국, 벤처기업 제한업종서 암호화폐 해제… 프리세일 수혜주로 페페노드 관심 집중

한국, 벤처기업 제한업종서 암호화폐 해제… 프리세일 수혜주로 페페노드 관심 집중

한국 정부가 9월 16일부터 벤처기업을 대상으로 한 암호화폐 관련 규제를 해제한다. 이에 따라 벤처기업들은 보다 손쉽게 자금 조달 경로를 확보하고 세제 혜택을 누릴 수 있게 됐다....

Soyeon Lee 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Is Trump te laat met FED rate cuts? Bitcoin koers blijkt top te hebben bereikt

Lars Diederiksen 16 minutes ago
From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

From PayPal to Best Wallet: The New Era of Peer-to-Peer Payments

Aaron Walker 15 minutes ago
Bitcoin

Gold Bug Peter Schiff Calls Bitcoin’s Rally Overdone

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • Arderile masive de tokenuri continuă la Wall Street Pepe – deja au dispărut 3,6 miliarde WEPE și numărul este în creștere

    Arderile masive de tokenuri continuă la Wall Street Pepe...

    55 minutes ago
  • Masivna spaljivanja tokena nastavljaju se u Wall Street Pepe – nestalo već 3,6 milijardi WEPE i brojka raste

    Masivna spaljivanja tokena nastavljaju se u Wall Street...

    3 hours ago
  • bitcoin price

    Đợt Bull Run Tiếp Theo Có Thể Đưa Giá Trị Lên...

    3 hours ago
  • cheap altcoins

    Top 4 Các Đồng Coin Tiềm Năng Đang Presale Đáng...

    3 hours ago
  • meme coin solana

    Altcoin Hàng Đầu Nên Mua Khi Giá Solana Gần Chạm...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.