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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...

In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering. Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security. On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and Exchange Commission (SEC) brought against the decentralized content platform LBRY. The ruling may have offered legal precedent to fellow District Court Judge Analisa Torres, who is set to make a decision on the SEC’s case against Ripple in the coming months. In his ruling, Judge Barbadoro said: “Accordingly, I take no position on whether the registration requirement applies to secondary market offerings of LBC.” A secondary market is where traders buy and sell securities, while a primary market involves trading from the company issuing the security direc...

In a crypto-themed AMA session on Reddit on May 15, the U.S. Secret Service answered a wide range of questions and revealed their little-known NFT collection. The United States Secret Service owns crypto , has its own NFT collection, and has praised blockchain technology's ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA). On May 15, representatives from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) opened themselves to questioning from members of the subreddit, r/cryptocurrency. While some regulators still see crypto as a tool for fraudsters and scammers, the REACT task force applauded the public and transparent nature of blockchains as an “amazing opportunity” for crime fighters to track the flow of money. The "ask me anything" Reddit thread from the Secret Service. Source: Reddit.  The Secret Service has previously made the point that the immuta...