// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Gary Gensler teases details of SEC’s $5B take from enforcement actions, shades crypto – CoinsMegaNews

Gary Gensler teases details of SEC’s $5B take from enforcement actions, shades crypto

2 years ago CryptoExpert
Gary Gensler teases details of SEC’s $5B take from enforcement actions, shades crypto

[ad_1]

United States Securities and Exchange Commission (SEC) Chair Gary Gensler’s speech at the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions amounting to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a talking point for the crypto community on social media when he said: “Don’t get me started on crypto. I won’t even name all the individuals we’ve charged in this highly noncompliant field.”

While talking about the economic perspective of the SEC’s enforcement action, Gensler noted that the agency filed more than 780 enforcement actions in 2023, including over 500 standalone cases. The enforcement actions led to judgments and orders totaling $5 billion, of which $930 million was distributed to harmed investors.

Gensler added that the SEC had filed lawsuits against 40 firms for violations of various rules and regulations since December 2021, leading to more than $1.5 billion in penalties. Gensler revealed that the SEC settled recordkeeping-related charges with 23 firms in the last fiscal year alone.

In his speech, the SEC chief reiterated his earlier stance on crypto, claiming that most of the crypto market falls under the securities bracket and must be governed under the same law. In his explanation of the broad definition of security, Gensler explained the concept of an investment contract and why a major chunk of the cryptocurrency market resembles it. According to Gensler, most cryptocurrency assets will pass the investment contract test, bringing them under securities regulations.

Related: Ripple lawyer calls SEC’s latest filing “hypocritical pivot”

Gensler went on to draw comparisons between the current crypto ecosystem and the financial landscape of the 1920s when securities laws were not in place. Gensler said the crypto ecosystem suffers from the same situation as the financial landscape before clear regulations, leading to several scams, frauds and bankruptcies. He argued these issues necessitate stricter regulations.

“Without prejudging any one asset, the vast majority of crypto assets likely meet the investment contract test, making them subject to the securities laws.”

Gensler’s criticism of the crypto market is nothing new, reiterating a similar stance for several years. However, members of Congress, the crypto community and some key businesses operating in the U.S., have called on Gensler to offer more clarity on crypto regulations.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

[ad_2]

Source link

Tags:

More Stories

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

Coinbase, A16z-Backed Web3 Ad Network Everyworld to Begin Community Airdrop

1 year ago CryptoExpert
Dfinity Foundation Launches Onchain Accelerator Platform

Dfinity Foundation Launches Onchain Accelerator Platform

1 year ago CryptoExpert
Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

Circle Unveils Smart Contract Service for Blackrock BUIDL Holders to Convert to USDC

1 year ago CryptoExpert
Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

Stepn Rewards Move-to-Earn Users With $30 Million in FSL Points Airdrop

1 year ago CryptoExpert
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project

1 year ago CryptoExpert
Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Online Gambling Establishment Real Money: A Comprehensive Overview to Winning Large

2 days ago xtw18387208b

How to Deposit at Online Gambling Establishments Using Neteller

2 days ago xtw18387208b

Free Online Slots No Download: The Ultimate Guide

2 days ago xtw18387208b

The Best Places to Play Casino Games Online

2 days ago xtw18387208b