Gensler

SEC chair Gensler suggests classifying PoS tokens as securities

0xMain
March 16, 2023

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SEC Chairman Gensler has emphasized that specific tokens that utilize staking protocols may be classified as securities under US law due to the returns earned by their holders. On March 15, SEC Chair Gary Gensler reiterated that all proof-of-stake tokens and digital assets...

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Binance allegedly tried to evade US authorities, while offering Gensler advisory role

0xMain
March 6, 2023

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A recent report revealed that crypto exchange Binance allegedly maintained control over its American unit, which was said to operate independently from the international entity. Moreover, Binance reportedly courted Gary Gensler to be an adviser for the company long before Gensler became chairman of...