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EleanorTerrett
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Inside the @SECGov for the very first time attending the Crypto Task Force’s
DeFi
roundtable! 🙋🏼♀️
#SEC
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EleanorTerrett
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🚨NEW: The @SECGov and @Ripple have jointly requested a Manhattan District court to dissolve the injunction in their ongoing case and release the $125 million civil penalty held in escrow. They’re proposing that $50 million be paid to the SEC, with the remaining funds returned to Ripple. This motion is the latest in the broader effort to settle the case, end the pending appeals, and avoid further legal proceedings between the two parties.
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🚨NEW from me: Market Structure Legislation Heads to House Floor After Marathon Markup PLUS @coinbase deepens ties with law enforcement, and Animoca Brands co-founder @yatsiu joins the podcast with insights on why Asia is beating the U.S. at crypto. ⬇️ https://www.cryptoinamerica.com/p/market-structure-legislation-heads
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🚨Here at the nomination hearing of @BrianQuintenz for Chair of the @CFTC — a crucial position as Congress is looking to give more oversight responsibility of crypto to the agency. Quintenz just answered @SenAmyKlobuchar’s question on how he would navigate the appearance of conflict of interest when it comes to crypto and events contracts given his prior work at @a16z and on the board of @Kalshi — “I have a very robust ethics agreement that does require my divestiture. I will also have a screener in my office to ensure that no matter inappropriately comes before me.”
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🚨NEW: Ahead of today’s CLARITY Act markup in @FinancialCmte and @HouseAgGOP, some industry players I’ve been speaking to are raising concerns over a new section in the amended text they’re describing as a “Gensler-era provision.” The change would eliminate exemptions for previously issued tokens, instead giving the SEC sweeping authority to determine, on a case-by-case basis, whether each token qualifies as a security. Critics say this approach reintroduces uncertainty the bill is meant to resolve. More to come.
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🚨NEW: In prepared remarks for his confirmation hearing in front of the Senate Agriculture Committee this afternoon, @BrianQuintenz endorses Congress giving the @CFTC new jurisdiction over spot crypto commodity markets. “This could prove to be the most exciting, and the most important, time in the agency’s history – as Congress considers new jurisdiction for the agency over the spot crypto commodity markets...” Quintenz will appear before the committee at 3PM EST.
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