20:12 2025-04-08
Or impede the legislative process, SEC Democratic commissioner opposes stablecoin non-security characterizationThe TD Cowen report notes that Caroline Crenshaw, Commissioner of the Securities Exchange Commission (SEC), opposes the designation of stablecoins as "non-securities", potentially creating a new obstacle to stablecoin legislation. Crenshaw criticized the SEC for underestimating the risks of stablecoins, saying the statement was deeply flawed in law and fact.
The SEC said last week that stablecoins backed by reserves and easily redeemable do not constitute securities. Crenshaw spoke out against t...
19:24 2025-04-08
SEC objects to "urgent request for conclusive evidence"The SEC just objected to an "emergency request for conclusive evidence" filed on April 4 by Justin W. Keener in Ripple's favor.
The SEC opposed the motion because they said:
The district court has no jurisdiction over the request because the case has been moved to the Second Circuit.
2) Keener failed to make an appropriate intervention motion.
3) It is not necessary because, as SEC lawyers have pointed out, Ripple is capable enough to determine for itself whether the "evidence" in question is...
18:57 2025-04-08
Democratic Senator Wyden: Will introduce bipartisan bill to end tariffsSenator Ron Wyden of Oregon said he would introduce a new bipartisan bill to "end a new round of global tariffs hitting American families and businesses." Wyden, the Democratic leader of the Senate Finance Committee, did not say how many Republicans had signed his bill. "Members of both parties know that this is a call to action and that Congress must step in to restrain the president on trade," Wyden said. Wyden denounced Trump at the trade hearing as "aimless,...