SEC Chair Gary Gensler has issued a stark warning about the cryptocurrency industry, labeling it speculative and unstable, with many of the 10,000 to 15,000 projects likely to fail. He emphasized the need for regulatory oversight, citing a history of non-compliance and investor losses linked to high-profile failures. As Gensler prepares to leave office, he has promoted crypto-focused attorneys to maintain a stringent enforcement approach, while Senator Tim Scott aims to reverse Gensler’s policies to foster innovation in the sector.
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January 14, 2025 | 04:25Gary Gensler
22 posts last weekGary Gensler is an American public servant and financial regulator serving as the Chairman of the U.S. Securities and Exchange Commission (SEC).
Court Orders SEC to Explain Crypto Regulation Decisions Amid Coinbase Legal Battle
The U.S. Securities and Exchange Commission has yet to decide on clarifying new crypto rules following Coinbase’s request. A federal appeals court criticized the SEC’s lack of a clear policy, labeling its response to Coinbase as “arbitrary and capricious,” and ordered the agency to provide a more detailed explanation for its inaction. Meanwhile, the SEC’s ongoing legal battles with crypto firms continue to face scrutiny amid shifting political dynamics.
read moreExperts anticipate Solana ETF approval delays until March 2024
The SEC is expected to decide on Solana ETF applications by January 25, but experts predict a delay until March due to upcoming leadership changes. With the anticipated appointment of crypto-friendly Paul Atkins, the chances for Solana and other crypto ETFs may improve, reflecting the significant capital influx seen with Bitcoin ETFs.
read moreXRP Aims for 60 Percent Rally Following Courtroom Success and SEC Changes
XRP is targeting a 60% rally to $4 after breaking out of a bullish symmetrical triangle, driven by Ripple’s legal victories against the SEC and upcoming leadership changes at the agency. With Gary Gensler’s exit and Paul Atkins expected to adopt a more crypto-friendly approach, optimism is growing for XRP’s potential growth. However, maintaining support above $2.37 is crucial to sustain this momentum.
read moreXRP poised for significant gains amid legal developments and SEC leadership change
XRP is poised for a potential 60% gain, targeting $4, following a breakout from a symmetrical triangle pattern amid positive developments in its legal battle with the SEC. A recent court ruling has bolstered optimism, especially with leadership changes at the SEC, as incoming chair Paul Atkins may adopt a more favorable approach to crypto regulation. However, XRP must maintain its position above key support levels to sustain this bullish outlook.
read moreEmerging Meme Coins and Investment Opportunities for 2025
2024 marked a significant year for meme coins, with substantial profits for investors, and 2025 is poised for further growth. Notable tokens like Wall Street Pepe ($WEPE), Flockerz ($FLOCK), and Solaxy ($SOLX) are attracting attention, promising innovative features and community engagement. As the crypto landscape evolves, the approval of Bitcoin ETFs and political support signal a bright future for meme coins, making them a compelling investment opportunity.
read moreTrump to Launch First Senate Cryptocurrency Subcommittee Under Senator Lummis
The US Senate Banking Committee is set to establish its first cryptocurrency subcommittee, chaired by Senator Cynthia Lummis, as part of a pro-crypto regulatory push under Trump’s administration. This initiative aims to create clear regulations that balance consumer protection with innovation, following significant donations from major crypto firms to Trump’s inaugural committee. With Gary Gensler resigning as SEC chair on inauguration day, the landscape for the US crypto industry appears promising for 2025.
read moreGensler warns of crypto project failures amid regulatory challenges and legal battles
Outgoing SEC Chair Gary Gensler has warned that most cryptocurrency projects, including XRP, are likely to fail due to regulatory challenges and bad actors in the industry. He emphasized the need for stricter regulations on altcoins and intermediaries, while acknowledging the SEC’s efforts against firms like Ripple and Binance. As he prepares to leave, the SEC is set to file its opening brief in the ongoing SEC v Ripple case by January 15, marking a pivotal moment in the agency’s regulatory approach. [Bloomberg](https://www.bloomberg.com)
read moreGary Gensler Critiques Crypto Market as He Exits SEC Leadership
Outgoing SEC Chair Gary Gensler criticized the crypto market as “rife with bad actors,” asserting that many of the over 10,000 projects lack fundamentals and will not survive. He emphasized that while digital assets represent less than 1% of the $120 trillion US capital markets, they have demanded significant regulatory attention, with the SEC pursuing around 100 enforcement actions during his tenure. Gensler highlighted the volatility and sentiment-driven nature of the market, contrasting it with traditional investments. [Source](https://www.bloomberg.com)
read moreBitcoin and Ethereum ETFs Experience Significant Outflows Amid Market Analysis
Bitcoin and Ethereum ETFs experienced significant outflows totaling $742 million on January 8, with Bitcoin ETFs alone accounting for $583 million. Research indicates that a supply shock for Bitcoin is unlikely in 2025, as 70% of its circulating supply remains in free float, providing liquidity despite market fluctuations. Additionally, a notable decrease in long-term holder supply suggests potential selling pressure, while ETF trading volume, although influential, represents less than 4% of overall market activity.
read morePolymarket Faces Backlash Over Wildfire Betting Amid CFTC Investigation
Polymarket is under scrutiny for its controversial wildfire betting markets, which have drawn criticism for profiting from human suffering amid ongoing wildfires in California. The US Commodity Futures Trading Commission (CFTC) has subpoenaed Coinbase for user data linked to Polymarket, marking a shift in regulatory approach towards the crypto industry. This follows a previous settlement with the CFTC over unregulated binary options and increased scrutiny after Polymarket’s rise during the 2024 US elections.
read moreKey Factors Driving Ripple XRP Growth Potential in 2025
Ripple’s XRP is poised for significant growth in 2025, driven by the nearing resolution of its legal battle with the SEC and potential regulatory changes. Speculation around an XRP ETF and discussions of a strategic reserve further fuel optimism, suggesting a shift towards broader institutional adoption. As XRP trades at approximately $2.32, the market reflects a growing confidence in its future stability and value.
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