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A surge of ETF filings, including for meme coins Dogecoin, Bonk, and Official Trump, has followed the departure of Gary Gensler as Chair of the Securities and Exchange Commission (SEC). The influx in crypto ETF filings follows pro-crypto US President Donald Trump’s inauguration on Jan. 20 and his appointment of Commissioner Mark Uyeda as acting SEC Chair. REX Shares And Osprey Submit Several Crypto ETF Applications Among the crypto ETF filings seen since Gensler stepped down on Jan. 20 are applications submitted from asset managers REX Shares and Osprey. The firms are looking to launch investment products for prominent cryptos such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP, as well as for meme coins DOGE, BONK and TRUMP. If approved, the TRUMP ETF will be the first investment product of its kind to give investors exposure to the President’s new token.  BTC And ETH ETF Providers Look To Expand Their Offering In addition to the filing from REX Shares ...

The original vote was scheduled for December 11, but was postponed by Sherrod Brown, the Senate Banking Committee Chair Congress is due to stop on December 20, so it’s unlikely that Crenshaw will be renominated before President-elect Donald Trump enters the White House The crypto industry has openly opposed the renomination of Crenshaw A US Senate vote to renominate Democrat Caroline Crenshaw for a second term at the US Securities and Exchange Commission (SEC) has been canceled. In an update, the US Senate Committee on Banking, Housing, and Urban Affairs said the scheduled vote on the nomination of Crenshaw to the SEC and Gordon Ito to the Financial Stability Oversight Council had been canceled. The original vote was scheduled for December 11; however, Sherrod Brown, the Senate Banking Committee Chair, postponed it within minutes of starting, due to issues between the Democrats and Republicans. At the time, Brown later released a statement saying that...

Ripple’s XRP token surged and crypto market leader Bitcoin (BTC) is edging closer to the psychological $100K mark after US Securities and Exchange Commission (SEC) Chair Gary Gensler announced he will step down next month. Remittance token XRP soared more than 24% in the past 24 hours to trade at $1.38 as of 3:30 a.m. EST. Bitcoin climbed more than 1% to $98,772 after earlier hitting a new all-time high (ATH). Ripple CEO “Thankful” That Gary Gensler Is Stepping Down This came after Gensler shared his resignation announcement in a Nov. 21 thread on X. The SEC executive disclosed that he will step down as the regulator’s chair on Jan. 20, 2025, after Donald Trump is inaugurated as president.  On January 20, 2025 I will be stepping down as @SECGov Chair. A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 “It has been an honor of a lifetime to serve w/ them on behalf of everyday Americans & ensure that ou...

Bitcoin Magazine, Wendy O, Mario Nawfal, Wayne Vaughan, and other influencers revealed the disturbing extent of crypto’s pro-Donald Trump bias by brazenly publishing fake news about US Presidential candidate Kamala Harris. The news was a supposed scoop that Harris would, if elected President, nominate Securities and Exchange Commission (SEC) chair Gary Gensler as US Treasury Secretary. However, she has never said that. Indeed, multiple members of Congress familiar with Harris’ shortlist of treasury secretary candidates have pointed out that her supposed selection of Gary Gensler was false. But, undeterred by fact checks, the influencers in question refused to remove their debunked posts. Crypto fans retweeted the fake news thousands of times, clicked the Like button over 2,600 times on Bitcoin Magazine’s tweet alone, and amplified the lie to millions of additional views. JUST IN – Kamala Harris considering Gary Gensler for Treasury Secretary if elected: Senate sources pic....

News that Gary Gensler was going to resign from the SEC went viral last week. Just one problem: AI wrote it. In fact, it was so obviously AI-generated that a researcher was able to confirm its inauthenticity by simply asking another AI. Oh, the irony. Shortly after, follow-up research and the SEC itself confirmed that news of Gary Gensler’s resignation was fake. Through the thick fog of misinformation, however, one thing became clear: the incident exposed the rabid, anti-Gary Gensler bias of crypto media.  Indeed, it has never been more popular to hate the SEC chair. The hashtag #FireGaryGensler regularly trends on Twitter. Google search queries for ‘Gary Gensler’ are at all-time highs and contrast sharply against ‘SEC’ searches, which remain mid-range within a multi-year average. Of course, the timing seems awfully convenient. As chair of the SEC, he and his four commissioners have recently sued the largest crypto exchanges serving US residents, including C...

John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark. In an Aug. 13 tweet, the former SEC Office of Internet Enforcement chief predicted that a Republican President could drastically shift the crypto-regulatory tide, including the potential resignation of SEC chief Gary Gensler. There are currently a number of Republican candidates in the running. Former-President Donald Trump remains the most popular candidate among Republican voters, followed in a distant second by Florida Governor Ron de Santis and then by South Carolina Senator Tim Scott.  Should a Republican be elected as President, according to Stark, Gensler would likely be replaced by crypto-friendly Hester Peirce — often referred to as "Crypt...