DeFi News Official TheBitTimes.com

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), called for compliance from an industry he has frequently tagged as “rife with fraud”. Gensler advised cryptocurrency operators and service providers to stop tricking investors in his message to the digital industry on the Bitcoin white paper’s 15th anniversary.  Rhetoric from the SEC’s Chairman has consistently painted virtual currencies akin to the wild west, where bad actors defraud unsuspecting customers with the guise of decentralized technology.  The regulator’s short address saluted Satoshi Nakamato’s brainchild as the progenitor of crypto while throwing aspersions on the so-called anonymity achieved through blockchain networks.  If Satoshi Nakamoto went as Satoshi Nakamoto for Halloween, would we be able to tell? Happy 15th anniversary to Satoshi’s famous white paper that started crypto . Any crypto companies that are tricking investors should start treating them to compliance with the ...

The crypto-friendly U.S. Representative Patrick McHenry has become Speaker pro tempore of the House of Representatives following the recent ouster of House Speaker Kevin McCarthy. According to Reuters, McCarthy lost his House seat after Congress voted 216-210, with eight of the 216 votes coming from McCarthy’s fellow Republicans. This marked the first time the Speaker of the House of Representatives has been removed from office in US history. “I fought for what I believe in. I believe I can continue to fight, but maybe in a different manner.” Kevin McCarthy, Speaker of the House of Representatives While McHenry’s appointment is temporary, it can be seen as a small win for the digital asset sector. The Speaker sets the legislative agenda, controls committee assignments, and schedules specific bills to be debated and voted on in the House. Further reports suggests that along with McHenry, there is a possibility that pro-crypto spokesman Tom Emmer could be a...