Bitcoin SV

<p><img src="https://media.licdn.com/dms/image/C4D0BAQGBc3KzyqgZpQ/company-logo_100_100/0/1630682957789/bsvblockchain_logo?e&#61;1715212800&amp;v&#61;beta&amp;t&#61;mggQhFIPzBx6mgiuC2vWJTd-_FiIqSAgBHuEtocGOJw" /></p><h2 id="header-0"><a href="https://www.linkedin.com/company/bsvblockchain/" rel="noopener noreferrer nofollow">BSV Blockchain</a></h2><p>SEC Chair Gary Gensler responds to an alleged Twitter hack, where a fake tweet claimed approval of spot BTC ETFs, stating the SEC would investigate, emphasizing no decision on ETFs had been made. The CFTC’s Technology Advisory Committee urges lawmakers to scrutinize decentralized finance in a report, focusing on concerns related to illicit finance and money laundering, with praise from CFTC Commissioner Christy Goldsmith Romero.</p><p>The BSV Blockchain Gazette is presented by Bryan Daugherty, Public Affairs Director of Americas for BSV Blockchain, featuring:</p><ul><li>Rep. <a href="https://www.linkedin.com/in/gotowd/" rel="noopener noreferrer nofollow">Warren Davidson</a> (R-OH)</li><li><a href="https://www.linkedin.com/company/secgov/" rel="noopener noreferrer nofollow">SEC</a> Chair Gary Gensler</li><li>Sens. J.D. Vance (R-OH) and <a href="https://www.linkedin.com/in/thomtillis/" rel="noopener noreferrer nofollow">Thom Tillis</a> (R-NC)</li><li>Rep. Ann Wagner (R-MO) and Sen. Bill Hagerty (R-TN)</li><li><a href="https://www.linkedin.com/company/finra/" rel="noopener noreferrer nofollow">Financial Industry Regulatory Authority</a> (FINRA)</li><li><a href="https://www.linkedin.com/company/blockchainassociation/" rel="noopener noreferrer nofollow">The Blockchain Association</a> CEO <a href="https://www.linkedin.com/in/smithk1/" rel="noopener noreferrer nofollow">Kristin Smith</a></li><li>Sen. Cynthia Lummis (R-WY)</li><li>CFTC Commissioner <a href="https://www.linkedin.com/in/christy-goldsmith-romero-29496b135/" rel="noopener noreferrer nofollow">Christy Goldsmith Romero</a></li><li>The SEC’s Office of Investor Education</li><li><a href="https://www.linkedin.com/company/blackrock/" rel="noopener noreferrer nofollow">BlackRock</a>, <a href="https://www.linkedin.com/company/vaneck/" rel="noopener noreferrer nofollow">VanEck</a>, <a href="https://www.linkedin.com/company/invesco-ltd/" rel="noopener noreferrer nofollow">Invesco</a>, ARK, <a href="https://www.linkedin.com/company/21shares/" rel="noopener noreferrer nofollow">21Shares</a>, and <a href="https://www.linkedin.com/company/grayscale-investments/" rel="noopener noreferrer nofollow">Grayscale</a></li></ul><h3 id="rep-warren-davidson-challenges-perceptions-asserts-exaggeration-of-illicit-finance-in-digital-assets">Rep. Warren Davidson Challenges Perceptions, Asserts Exaggeration of Illicit Finance in Digital Assets</h3><p>Rep. Warren Davidson (R-OH) wrote an op-ed for The Hill, arguing that the presence of illicit finance in the digital asset ecosystem is over-exaggerated and often mischaracterized.</p><h3 id="sec-chair-gensler-addresses-alleged-twitter-hack-and-fake-btc-etf-approval-tweet">SEC Chair Gensler Addresses Alleged Twitter Hack and Fake BTC ETF Approval Tweet</h3><p>SEC Chair Gary Gensler tweeted that the SEC’s twitter account was hacked yesterday, after a fake tweet was posted claiming that the agency had approved spot BTC ETFs. The SEC stated that it would work with law enforcement to investigate the incident and clarified that no decision on ETFs had been made.</p><h3 id="sens-vance-and-tillis-demand-explanation-from-sec-chair-gensler-amidst-twitter-hack-fallout">Sens. Vance and Tillis Demand Explanation from SEC Chair Gensler Amidst Twitter Hack Fallout</h3><p>Sens. J.D. Vance (R-OH) and Thom Tillis (R-NC) sent a letter to SEC Chair Gensler, seeking an explanation for the SEC’s errant announcement and raising concerns regarding the agency’s cybersecurity procedures.</p><h3 id="lawmakers-react-to-sec-twitter-hack-rep-wagner-calls-it-39-clear-market-manipulation-39">Lawmakers React to SEC Twitter Hack, Rep. Wagner Calls it &#39;Clear Market Manipulation&#39;</h3><p>Several other lawmakers reacted to the alleged hack, with Rep. Ann Wagner (R-MO) calling the incident “clear market manipulation,” and Sen. Bill Hagerty (R-TN) asserting that Congress needs answers on what happened.</p><h3 id="finra-highlights-crypto-considerations-in-2024-oversight-report-for-financial-firms">FINRA Highlights Crypto Considerations in 2024 Oversight Report for Financial Firms</h3><p>The Financial Industry Regulatory Authority (FINRA) added crypto considerations for firms to its 2024 annual regulatory oversight report, directing firms to establish clear controls and heighten their due diligence surrounding any activities involving digital assets.</p><h3 id="blockchain-association-criticizes-cfpb-39-s-proposed-rule-on-non-bank-payment-providers-and-crypto-transactions">Blockchain Association Criticizes CFPB&#39;s Proposed Rule on Non-Bank Payment Providers and Crypto Transactions</h3><p>The Blockchain Association responded to the CFPB’s proposed rule to bring non-bank payment providers and certain crypto transactions under its oversight, arguing that the proposal is overly broad and lacks justification.</p><h3 id="sen-lummis-criticizes-lack-of-clarity-in-reporting-requirements-under-bipartisan-infrastructure-law">Sen. Lummis Criticizes Lack of Clarity in Reporting Requirements under Bipartisan Infrastructure Law</h3><p>Sen. Cynthia Lummis (R-WY) tweeted about the Bipartisan Infrastructure Law provision mandating reports to the IRS for digital asset transactions over $10,000. Lummis stated that “Nobody should find out they are a felon because of regulatory uncertainty, but sadly the rules surrounding crypto assets in America are as clear as mud right now.”</p><h3 id="cftc-39-s-technology-advisory-committee-urges-lawmakers-to-scrutinize-decentralized-finance">CFTC&#39;s Technology Advisory Committee Urges Lawmakers to Scrutinize Decentralized Finance</h3><p>The CFTC’s Technology Advisory Committee (TAC) Subcommittee on Digital Assets and Blockchain Technology released a report urging lawmakers to scrutinize decentralized finance, calling for a greater focus on illicit finance and money laundering. CFTC Commissioner Christy Goldsmith Romero praised the report.</p><h3 id="sec-warns-investors-about-fear-of-missing-out-fomo-in-digital-assets">SEC Warns Investors About Fear of Missing Out (FOMO) in Digital Assets</h3><p>The SEC’s Office of Investor Education issued a warning cautioning investors against the fear of missing out when it comes to digital assets.</p><h3 id="maryland-authorities-arrest-rodney-burton-for-alleged-7-million-hyperverse-crypto-scheme">Maryland Authorities Arrest Rodney Burton for Alleged $7 Million HyperVerse Crypto Scheme</h3><p>US authorities in Maryland arrested and charged Rodney Burton for allegedly promoting the HyperVerse crypto investment scheme and defrauding more than $7 million.</p><h3 id="ny-state-comptroller-questions-thoroughness-of-department-of-financial-services-in-policing-digital-assets">NY State Comptroller Questions Thoroughness of Department of Financial Services in Policing Digital Assets</h3><p>The Office of the New York State Comptroller released a report questioning the thoroughness of the state Department of Financial Services’ approach to policing digital assets.</p><h3 id="blockchain-association-ceo-responds-to-sen-elizabeth-warren-39-s-criticism-in-open-letter">Blockchain Association CEO Responds to Sen. Elizabeth Warren&#39;s Criticism in Open Letter</h3><p>Blockchain Association CEO Kristin Smith published an open letter responding to Sen.</p><h3 id="major-asset-managers-file-updated-documents-for-spot-btc-etfs-following-sec-comments">Major Asset Managers File Updated Documents for Spot BTC ETFs Following SEC Comments</h3><p>Elizabeth Warren’s (D-MA) criticism of government-related hires in the crypto industry.</p>

SEC Chair Gensler responds to alleged Twitter hack and BTC ETF approval hoax

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