New York Representative Ritchie Torres has written a letter to SEC chair Gary Gensler, asking the regulator to reconsider its approach to crypto regulation after a court ruling in the SEC's case against Ripple. Torres called for the SEC to limit its enforcement cases to "bonafide bad actors" and to stop treating the majority of crypto assets as securities. He also criticised the SEC for sending "mixed messages" and not providing clear guidance on crypto assets. Torres is a member of the Congressional Blockchain Caucus and shares a surname with the judge in the SEC v. Ripple case.

Gary Gensler, Chair of the Security and Exchange Commission (SEC), has warned that the development of artificial intelligence (AI) for financial markets applications by big tech companies could destabilize the global economy. In a speech to the National Press Club in Washington, Gensler stated that AI could increase financial fragility and promote herding behavior among individual actors.

July 4 (Cointime) - U.Today presents the top three news stories from the past day, including the SEC's response to rumors of Gary Gensler's resignation, the possible reasons for the recent price increase of Shiba Inu's governance token BONE, and Ripple's release of one billion XRP coins from escrow.

July 3 (Cointime) - False rumors about the resignation of SEC chair Gary Gensler have resurfaced, with a website called "thecryptoalert.com" claiming he had resigned following an internal investigation. However, the article's text was found to be highly generated by artificial intelligence, with a score of 96.8% on AI-detector ZeroGPT.

July 2 (Cointime) - False rumors of SEC Chair Gary Gensler's resignation are circulating in the XRP community, with accounts like Documenting Ripple spreading the unverified news. Gensler has been focused on regulating the crypto market during his tenure, including the ongoing lawsuit with Ripple Labs.

July 16 (Cointime) - John Reed Stark, former head of internet enforcement at the US Securities and Exchange Commission (SEC), has defended SEC Chairman Gary Gensler's approach to regulating the crypto industry. Stark called on the crypto community to stop personal attacks on Gensler and instead focus on the facts and law. He also cited SEC Commissioner Hester Peirce as an example of someone with a clear pro-crypto ethos who would not recuse themselves from enforcement actions concerning crypto.

July 2 (Cointime) -According to WhaleChart, Anonymous official at the SEC has reportedly disclosed that chairman Gary Gensler is going to resign following an internal investigation.

June 29 (Cointime) - The Blockchain Association has called for SEC Chair Gary Gensler to recuse himself from any enforcement actions involving digital assets as securities due to his perceived bias. The Association argues that Gensler's stance that all digital assets other than bitcoin are securities shows a preconceived bias that could compromise due process rights.

June 22 (Cointime) - Gary Gensler, the chairman of the SEC, faces the challenge of regulating the cryptocurrency industry while balancing investor protection and innovation.

June 17 (Cointime) - Brad Garlinghouse, CEO of Ripple, has criticized the US Securities and Exchange Commission (SEC) and its current chair, Gary Gensler, for their handling of cryptocurrency regulation.