- CoinGape's Newsletter
- Posts
- 🚨 Crypto Community Demands Action: Will Kamala Harris Fire Gary Gensler? 🚨
🚨 Crypto Community Demands Action: Will Kamala Harris Fire Gary Gensler? 🚨
CoinGape Media
August 22, 2024
News
Crypto industry leaders lose trust in Kamala Harris's support for the crypto market and call for the resignation of SEC Chair Gary Gensler.
Speaking at the Democratic National Convention (DNC), Brian Nelson, the senior campaign advisor to Kamala Harris said that they would support pro-crypto policies along with the growth of other emerging technologies. But crypto industry veterans feel that this is yet another bluff from the Harris team as the Vice President doesn’t act on her words. Cardano chief Charles Hoskinson expressed ZERO trust in the Harris team while asking them for SEC Chair Gary Gensler’s resignation.
Binance spending on compliance requirement to exceed $200 million amid new hiring plans, higher than legal cost for Ripple in SEC lawsuit.
Binance, the world’s largest crypto exchange, plans to spend big on meeting all aspects of compliance after the recent conflicts with regulators globally. Binance Holdings plans to hire 1,000 people this year with many dedicated to compliance roles. The company plans to spend more than the total costs Ripple incurred in fighting against the SEC lawsuit.
Kamala Harris faced backlash over her ambitious tax proposal and crypto leaders questioned if her pro-crypto stance was real.
Vice President Kamala Harris faces mounting criticism over her recent economic proposals. The controversy surrounds her backing of President Joe Biden’s ambitious tax plan and her stance on crypto regulation. Moreover, crypto leaders have joined the fray, which puts Harris’ crypto reset efforts in jeopardy.
India’s DEA set to release a key crypto regulation paper between September and October 2024, aiming for stakeholder input and policy refinement.
India is gearing up for a significant move in its crypto regulation effort as the Department of Economic Affairs (DEA) prepares to release a crucial consultation paper between September and October 2024. This document is expected to serve as a cornerstone for shaping the country’s future approach to digital currencies. Some sources have revealed the government’s intent to actively engage stakeholders and refine its regulatory stance.
Markets
Bitcoin regains hold above $60K. Ethereum tops $2,600. Fantom emerges among the day's top gainers.
he crypto market today has sparked investor speculations globally, illustrating mixed price actions. However, recent key market events have projected a ray of optimism on long-term prospects. The dovish FOMC meeting minutes hinted that chances of a Fed rate cut in September have risen substantially. Further, the global crypto market cap witnessed a 1.08% increase to $2.12 trillion today.
After moving $100 million in ETH last month, the Ethereum Golem address is active again. ETH whale selling continues putting price pressure.
Ethereum Golem address is active once again moving more than 4000 ETH to crypto exchanges Binance and Coinbase. Over the last week, the Golem multi-signature address, belonging to the ICO era, has moved over 8,000 ETH to exchanges. This development comes as other ETH whale addresses have also started moving their coins.