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SEC has requested a budget of $2.4 billion from Congress for 2024. CFTC has also requested $411 million to create an Advisory Group for New Technologies. Gary Gensler is expanding his team for further crypto crackdowns.
The "concern" for security in the crypto industry is costing American taxpayers more and more...

#SEC #CFTC #GaryGensler #cryptocurrencies #regulation #CryptoHeadlines
TOP crypto news - morning selection ☀️

⚡️Tether has printed another billion USDT, and the market capitalization of the stablecoin has reached $79 billion.

⚡️The SEC chairman Gary Gensler is calling on his British and Canadian colleagues to regulate the cryptocurrency sector just like the US.

⚡️Coinbase CEO Brian Armstrong has announced intentions to start making donations to candidates who support cryptocurrency in the US elections.

⚡️The President of El Salvador plans to abolish all taxes on income, property, and capital gains for technological innovation.

#crypto #cryptonews #cryptocurrency #USDT #Tether #stablecoin #cryptocurrency #SEC #GaryGensler #Coinbase #BrianArmstrong #ElSalvador #taxes #technologicalinnovation
TOP crypto news - morning selection ☀️

⚡️Hydropower is the leading energy source for BTC mining in 2023.

⚡️The five largest BTC transactions in 2023 were made in March.

⚡️US Senator Elizabeth Warren began her pre-election campaign, focusing on "creating an anti-crypto army."

⚡️SEC Chairman Gary Gensler is demanding $2.9 billion in funding to suppress cryptocurrency.

#Hydropower #energy #mining #BTC #transactions #March #USA #ElizabethWarren #anticrypto #SEC #GaryGensler #finance #cryptocurrency #crypto #cryptonews
✍️ All Republicans, led by the chairman of the Financial Services Committee Patrick McHenry, signed a letter to SEC chairman Gary Gensler. In the letter, they accused him of attempting to force cryptocurrency platforms to "come in and register" in accordance with registration processes that do not actually exist.

#SEC #PatrickMcHenry #GaryGensler #Republicans
🤠 Congressman Warren Davidson has presented his 7 points for which SEC Chairman Gary Gensler should be immediately fired:

Abuse of rules by proposing an average of 2 new SEC rules per month.

Inappropriately short periods between public comments.

Unreasonable and illegal disclosure requirements from the SEC.

"Hotel California" rules for cryptocurrencies (the ability to register with the SEC at any time without the ability to leave without approval, as well as endless disclosure without permission and clarity for anyone who is essentially trapped by the SEC).

An unfeasible proposal to restructure the stock market.

An effective ban on cryptocurrencies through proposed custody rules.

Inability to interact with Congress.

#WarrenDavidson #SEC #GaryGensler #cryptocurrencies #investments #regulation #rules