{"id":184792,"date":"2023-11-01T03:08:49","date_gmt":"2023-10-31T21:38:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=184792"},"modified":"2023-11-01T03:08:49","modified_gmt":"2023-10-31T21:38:49","slug":"genslers-halloween-tweet-sparks-ripple-sec-clash-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/genslers-halloween-tweet-sparks-ripple-sec-clash-crypto-news\/","title":{"rendered":"Gensler’s Halloween Tweet Sparks Ripple-SEC Clash – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

SEC Chairman Gary Gensler\u2019s tweet, commemorating the 15th anniversary of Satoshi Nakamoto\u2019s white paper, has ignited a fiery response from Ripple\u2019s legal head, Stuart Alderoty. In a light-hearted tone, Gensler pondered if anyone would recognize the elusive Bitcoin creator should they decide to unmask this Halloween. Besides, he used the opportunity to send a cautionary message to crypto firms, urging compliance with securities laws.<\/span><\/p>\n

Ripple\u2019s Legal Ace Strikes Back<\/h2>\n

However, Alderoty quickly criticized Gensler, pointing out the irony in his casual social media demeanor amidst <\/span>allegations<\/span> of the SEC bypassing Congress for specific regulatory actions. He referred to a recent post<\/a> from the U.S. Government Accountability Office, scrutinizing the agency\u2019s adherence to the Congressional Review Act in a particular accounting bulletin.\u00a0<\/span><\/p>\n

<\/p>\n

Consequently, Alderoty\u2019s retort highlights a growing tension between the regulatory body and Ripple, a leading player in the crypto space.<\/span><\/p>\n

Speculations and Industry Reactions<\/h2>\n

Moreover, the cryptic nature of Gensler\u2019s tweet has left room for industry speculation. Elliot Johnson, CIO and COO of Evolve ETFs wondered if it hinted at an <\/span>impending<\/span><\/a> approval for Bitcoin ETFs, signaling a potential shift in the regulatory landscape.\u00a0<\/span><\/p>\n

<\/p>\n

Additionally, Eric Balchunas, a senior ETF analyst, contributed his take, emphasizing the importance of having cryptocurrency topics at the forefront of regulatory discussions, even if Gensler\u2019s remark was just \u201cregulatory humor.\u201d Hence, the industry is abuzz, trying to decipher the more profound implications of Gensler\u2019s seemingly light-hearted tweet.<\/span><\/p>\n

<\/p>\n

Significantly, the unfolding drama between the SEC and Ripple underscores the challenges and uncertainties in the rapidly evolving crypto industry. Hence, as the landscape changes, all eyes remain on these pivotal players, eagerly awaiting their next moves. Consequently, the crypto community looks towards the regulatory bodies for clarity, hoping for a balanced approach that fosters innovation while ensuring investor protection.<\/span><\/p>\n

Read Also: <\/span>SEC Chair Gary Gensler Hails Satoshi Nakamoto<\/span><\/a><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

SEC Chairman Gary Gensler\u2019s tweet, commemorating the 15th anniversary of Satoshi Nakamoto\u2019s white paper, has ignited a fiery response from Ripple\u2019s legal head, Stuart Alderoty. In a light-hearted tone, Gensler pondered if anyone would recognize the elusive Bitcoin creator should they decide to unmask this Halloween. Besides, he used the opportunity to send a cautionary […]<\/p>\n","protected":false},"author":2,"featured_media":154401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-184792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=184792"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184792\/revisions"}],"predecessor-version":[{"id":184794,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/184792\/revisions\/184794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/154401"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=184792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=184792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=184792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}