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Consensys CEO "intends to file additional lawsuits with the US SEC"

Joseph Lubin, co-founder of Ethereum (ETH) and CEO of Ethereum infrastructure developer Consensys, told Fox Business reporter Eleanor Terrett that he plans to file a lawsuit against the Securities and Exchange Commission (SEC) in the US state of Texas on behalf of the cryptocurrency industry. "The closure of the SEC's investigation into Ethereum after 14 months is welcome, but not satisfactory. There needs to be a way to properly regulate the market, rather than trap investigations. We are hopeful that U.S. regulators will move beyond their hostility toward cryptocurrencies and improve their investor protection strategies." Previously, the SEC notified Consensys that it was closing its investigation into Ethereum 2.0. Consensys is currently engaged in litigation with the SEC over its notification to WellsNorth that its MetaMask product violated securities laws.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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