NFT News Official TheBitTimes.com

During a Sep. 27 hearing, policymakers hammered Gary Gensler over the Security and Exchange Commission’s (SEC) non-compliance with requests for documents including records related to bankrupt crypto exchange FTX and its founder Sam Bankman-Fried. Rep. Patrick McHenry voiced skepticism regarding Gensler’s commitment to remedying bipartisan legislative concerns and protecting investors, noting that Congress’s patience was “wearing thin”. @SECGov Chair @GaryGensler continues his blatant disregard for Congress in pursuit of a radical agenda that threatens the integrity of our financial markets, protection of investors, & our economic competitiveness. Our patience is wearing thin. #WATCH my opening remarks ️ pic.twitter.com/MTJIdNaBGD — Patrick McHenry (@PatrickMcHenry) September 27, 2023 “Bitcoin does not meet the Howey test which is the law of the land about being an investment contract,” Gensler said about treating Bitcoin as a security. The SEC ...

The move comes as a court on Wednesday agreed with Coinbase’s petition and ordered the SEC to respond to Coinbase’s complaint within 10 days. advertisement Coinbase CLO Paul Grewal Forces US SEC to Comply Crypto exchange Coinbase’s Chief Legal Officer Paul Grewal stated on May 5 that Petition Clause protects the right of individuals to appeal to courts and other forums established by the government for resolution of legal disputes. He cites the court’s precedents in Borough of Duryea v. Guarnieri , 564 U.S. 379 (2011) case urging US SEC Chair Gary Gensler to comply and respond to the complaints. "This Court's precedents confirm that the Petition Clause protects the right of individuals to appeal to courts and other forums established by the government for resolution of legal disputes." Borough of Duryea v. Guarnieri, 564 U.S. 379 (2011). — paulgrewal.eth (@iampaulgrewal) May 5, 2023 Trending Stories ...