SEC chair Gary Gensler asked U.S. lawmakers for greater resources to increase his agency’s staff count during a hearing that took place on March 29.

The Securities and Exchange Commission takes the lead in defining what a security is, not necessarily legislation, the regulator's Chair Gary Gensler said. 

The extradition of TerraForm Labs founder Do Kwon from Montenegro has been requested by both the U.S. and South Korea, Justice Minister Marko Kovac said at a Wednesday press conference.

Gary Gensler, the chief of the United States Securities and Exchange Commission (SEC), is set to testify before the House Financial Services Committee on April 18 for the first time. The hearing will focus on Gensler's rulemaking and approach towards crypto assets. The SEC's approach towards crypto has been criticized by some Democrats, who believe that the party's anti-crypto stance could be disastrous for its 2024 election campaign. The SEC has issued Wells notices to several crypto firms, including Coinbase and BUSD, while the Commodity Futures Trading Commission has filed a lawsuit against Binance. The crypto industry has pointed out that regulations should be decided by Congress and not individual agencies.<br>(By&nbsp;PRASHANT JHA)

The U.S. Securities and Exchange Commission (SEC) appears to be adamant about making it tougher for crypto companies to operate not just in the United States but also elsewhere in the world. SEC chair Gary Gensler is known for his anti crypto market stance and in his leadership, US based crypto businesses faced the wrath of enforcement actions in recent weeks. Recently, Gensler attracted the ire of the crypto community by saying all cryptocurrencies except Bitcoin are securities. At the core of the conflict between the industry and the SEC is the lack of clarity on crypto regulation.

Eight celebrities including Lindsay Lohan and Jake Paul were also charged for illegally touting Sun’s crypto asset securities.

Securities and Exchange Commission Chair Gary Gensler suggested to reporters on Wednesday that tokens using staking protocols could be considered securities under U.S. law.&nbsp;

In sheer contrast to the market perception, U.S. Securities and Exchange Commission (SEC) chair Gary Gensler reiterated that laws around digital asset activities in the US are clear. He explained the various proposals the regulatory agency brought in to achieve the goal of investor protection. Gensler went on to say that the SEC has the enforcement ‘tool’ to root out non-compliant crypto market players. However, the crypto community came out strongly against him, calling the statements ‘misleading’.

From 2018 to 2021, Gary Gensler was approached by several private companies, including Binance, to act as an advisor, which he turned down.

Crypto exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the United States Securities and Exchange Commission (SEC), according to a Wall Street Journal report based on messages and documents from 2018 and 2020, as well as interviews with former employees.&nbsp;