In the letter, the lawmakers state that compulsory measures could be taken to obtain the requested documents should the agency fail to fulfill their request.

Securities and Exchange Commission Chair Gary Gensler is being threatened with a subpoena if the regulator doesn't provide information related to charges brought against Sam Bankman-Fried.

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler got further reinforcement for his quest to force crypto firms to conform with existing securities laws when his agency’s Investor Advisory Committee backed him up on almost every aspect of his campaign except one: The committee requested that the SEC actually provide formal industry guidance.

Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.”

Gensler stated that there is nothing incompatible between the crypto markets and the existing regulatory framework.

Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed.

Ripple CEO Brad Garlinghouse has called on US lawmakers to address comments made by SEC chair Gary Gensler, who argued that rules for the crypto market already exist and that no new rules need to be written. Securities law has been a major point of contention for the crypto industry since Gensler said most digital assets fall under the securities definition. Garlinghouse argued that such decisions should be based on legislation, rather than Gensler's personal stance, and accused him of behaving like an autocrat. The SEC has continued to pursue a "regulation by enforcement" approach, cracking down on what it believes are unregistered securities.

The Hollywood icon was relentlessly mocked for appearing in the ad in 2021, which was released just before the crypto markets plummeted.

SEC Chair Gary Gensler has criticised the crypto industry, calling the crypto markets a "Wild West" rife with non-compliance. Gensler, who has previously been vocal about his views on crypto, is seeking a $2.43bn budget for the SEC to continue its enforcement actions against what it deems as "bad actors" in the crypto industry. The budget will go towards funding an additional 170 positions, as well as full-year funding for those staff hired in 2023. However, crypto markets have shrugged off the SEC's repeated threats and action with a 2.4% gain on the day, taking total market capitalisation to $1.22tn. (cryptopotato)

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), stated in a House Appropriations Subcommittee on Financial Services and General Government hearing that regulatory rules already exist for the cryptocurrency market.