The U.S. Securities and Exchange Commission faces challenges from various entities regarding its lawsuit against cryptocurrency exchange Kraken. The Blockchain Association and fund_defi submitted an amicus brief supporting Kraken's motion to dismiss, as did eight state attorneys general. SEC Commissioner Hester Peirce expressed concerns about regulatory hurdles faced by crypto developers, while the House Financial Services Committee voted to overturn an SEC guideline blocking banks from entering crypto custody. Pressure mounts on the SEC from lawmakers and state AGs, questioning its authority over crypto assets.
SEC Commissioner Hester Peirce slams regulator's 'unproductive' approach to overseeing crypto https://t.co/5MftAZD9Zz
1/ Yesterday, @BlockchainAssn and @fund_defi filed an amicus brief in support of the Defendant's motion to dismiss in SEC v. Payward, Inc. (Kraken). https://t.co/D1RDIVKe5M
8 state attorney generals are pushing back against SEC enforcement actions in cases involving crypto https://t.co/lIIRaHnTrg
Eight attorneys general of Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas "opposes the SEC's regulation of crypto assets absent an investment contract because Congress HAS NOT delegated this authority to the SEC." "The SEC's enforcement action… https://t.co/poDbppOVJn
Every time I see @HesterPeirce at a Crypto conference, my faith in humanity grows a little stronger https://t.co/Z03pcNadzh
US Senators, Representatives, presidential candidates, ex-SEC Commissioners, legal scholars and now eight state attorneys general all dispute the SEC’s claim of authority over crypto assets. But SEC Chair Gensler says the law is clear… https://t.co/8Un1riQ8ho
SEC Commissioner @HesterPeirce, known as “Crypto Mom,” emphasizes the importance of decentralization in the U.S. financial system during her talk at @EthereumDenver. https://t.co/90tSnilHuj
SEC Faces Mounting Pressure from Lawmakers to Back Off Crypto Industry ► https://t.co/MxSR9GTVbk https://t.co/MxSR9GTVbk
A group of eight U.S. state attorneys general claims the Securities and Exchange Commission (SEC) exceeded its authority in its case against cryptocurrency exchange Kraken https://t.co/kFm8fJWO6r
The House Financial Services Committee voted on a resolution to nullify an SEC guideline hindering banks from offering cryptocurrency custody services https://t.co/jd4OjA9Czi
UPDATE: ATTORNEYS GENERAL FROM SEVERAL STATES FILED AN AMICUS BRIEF ARGUING THAT THE US SEC EXCEEDED ITS AUTHORITY IN SUING CRYPTO EXCHANGE #KRAKEN
UPDATE: HOUSE FINANCIAL SERVICES COMMITTEE VOTES IN FAVOR OF RESOLUTION TO OVERTURN SEC GUIDELINE BLOCKING BANKS FROM ENTERING #CRYPTO CUSTODY
In support of neither party, Montana just filed a rather remarkable amicus brief in the SEC’s enforcement case against Kraken. 7 other states support it. Here’s why those states all think the SEC’s “ecosystem” theory is unlawful and in fact a danger to their citizens: 1/5
Eight state AGs in US challenge SEC's authority in Kraken lawsuit with joint amicus brief https://t.co/P4bNHSfM7W
SEC Commissioner @HesterPeirce expressed regret at #ETHDenver Thursday that crypto developers have to spend part of their brainpower dealing with how to overcome regulatory hurdles. @httpsageyd reports https://t.co/U43JvXbRWt https://t.co/BvnOQFgue9
The U.S. Securities and Exchange Commission is treading into state jurisdictions with its Kraken lawsuit, eight state attorneys general said Thursday. @nikhileshde reports https://t.co/kpNE3UtZ6E
U.S. Securities and Exchange (SEC) Commissioner Hester Peirce said during #ETHDenver that the agency is in an “enforcement-only mode” when it comes to crypto, underscoring the uphill battle the industry faces against a litigious SEC. by @@realDannyNelson https://t.co/NCtYS86se1
🔱 ALL HAIL THE QUEEN OF ATLANTIS SEC Commissioner @HesterPeirce will be live on the Atlantis Main Stage with @CNBC national tech reporter @KenzieSigalos 👑 Hester Peirce Fireside: What's America's Crypto Future? 🕓 4:50pm MTN 🌊 Atlantis Main Stage https://t.co/fuk7JIv0CR
Today, we @fund_defi, alongside our partners @BlockchainAssn, submitted an amicus brief supporting Kraken’s motion to dismiss the SEC’s complaint accusing Kraken of being an unregistered securities exchange, broker dealer, and clearing agency. 🧵 https://t.co/A8CYUHzl1R
1/ Today, Blockchain Association and @fund_defi filed an amicus brief in Securities and Exchange Commission vs. Payward, Inc. (Kraken), in support of the Defendant's motion to dismiss. https://t.co/xOHN9K309P