Cryptocurrency

/send

BlackRock

A group of Republican senators, led by J.D. Vance, has expressed concerns about a lawsuit filed against cryptocurrency company DEBT Box. The Securities and Exchange Commission (SEC) had been threatened with sanctions by a federal judge for misleading statements made during the case.
Senators sent a letter to SEC Chairman Gary Gensler stating that public confidence in the Commission's enforcement actions, motives and professionalism is undermined by such incidents. The letter was also signed by Thom Thillis, Bill Hagerty, Cynthia Lummis and Katie Boyd Britt.
The case against Utah-based firm DEBT Box has been particularly challenging for the SEC. In a statement in December, Judge Robert Shelby accused SEC lawyers of making misleading statements and possible deception. SEC attorneys are accused of misrepresenting material facts in seeking a temporary restraining order and freezing of the crypto company's assets.
Following these accusations, the SEC issued a mea culpa in December. Enforcement chief Gurbir Grewal acknowledged the department had “fallen short”, apologized for its actions and promised to provide mandatory training for staff involved in the case.
Related News: <a href="https://en.bitcoinsistemi.com/managing-9-trillion-blackrock-made-a-statement-about-bitcoin-there-may-be-upside-potential/" target="_blank" rel="noopener noreferrer nofollow">Managing $ 9 Trillion, BlackRock Made a Statement About Bitcoin: "There May Be Upside Potential"</a>
The senators' letter reflects the rising stakes of the case. Senators are using the incident to further their concerns about Gensler's administration, which critics argue is politically motivated, especially regarding crypto.
“It is unreasonable for any federal agency to operate in such an unethical and unprofessional manner,” the senators wrote. They suggested that other enforcement cases “may also merit review” and that the SEC's proposed employee training solution would not be sufficient.
Industry groups also reacted to the lawsuit. American Securities Association President and CEO Chris Iacovella echoed the senators' criticism, saying Grewal's department deliberately misled a federal court in pursuit of a political agenda against an industry the SEC dislikes.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/four-us-senators-send-letter-to-sec-on-cryptocurrency-case/" rel="noopener noreferrer nofollow">Four US Senators Send Letter to SEC on Cryptocurrency Case</a>

Four US Senators Send Letter to SEC on Cryptocurrency Case

Bitcoin Sistemi EN

Other articles published on Feb 9, 2024

Why DeeStream’s (DST) Visionary Leap is Putting Manta Network (MANTA) and Arbitrum (ARB) into Dis...

Bitcoin Price Prediction: BTC Soars 6% To Crash Through $47K As This Bitcoin Derivative Blasts Pa...

Dencun Upgrade Set to Mark Significant Ethereum Progress, Launching on March 13

Breaking: XRPL EVM Validators Receive Rewards in XRP Unlike XRPL Mainnet

Cardano (ADA) Didukung Sinyal Teknikal yang Bullish, Apakah Reli Akan Dimulai?

Ethereum: Buterin’s face used for deepfake video promoting wallet drainer

Join our free newsletter for daily crypto updates!