Something both Congressman Brad Sherman and Ann Wagner seem to agree on is getting the full five-member Commission up in front of Congress more regularly. Sherman says the ratings on CSPAN will go 'through the roof, to the moon.'

Witness John Austin gives the example of U.S. Securities and Exchange Commission overreach he believes to be the most concerning:

'The most concerning example is the SEC shifting in a direction of bringing public regulation into private markets. A big reason private companies are staying private longer is…

.Maxine Waters asks witness Alexandra Thornton whether her colleagues' assessment that the U.S. Securities and Exchange Commission is impeding economic growth is a misstatement.

Thornton said 'yes' and that without disclosures you will have inefficiency and fraud, a big waste of resources and capital.

David Burton says the U.S. Securities and Exchange Commission is trying to redefine the word 'material.'

'They're trying to define 'material' as something a proxy advisory firm or registered investment advisers like BlackRock would care about it, for political purposes. Fiduciaries are increasingly trying to…

🚨NEW: The Ethereum Foundation Foundation says it has received a “voluntary enquiry” from an unnamed “state authority” that requested confidentiality. 👀👇🏼

github.com/ethereum/ether…

Democrat Rep. Sean Casten slams witness David Burton for his conservative blueprint paper on climate risk.

Casten calls this “massively irresponsible” and tells Burton not to be an “embarrassment” to the parties of Nixon, Lincoln, Reagan and the economics profession.

Witness David Burton slams the U.S. Securities and Exchange Commission for being badly run:

'If you look at the regulatory pipeline, it's full of politically motivated rues. But also the fact that the agency is so badly run. They waste so much money on things that --it’s not ideological, its just incompetent.…

Another quote from Burton on the U.S. Securities and Exchange Commission classifying assets as securities:

'The SEC has operationally adopted the position that anything you buy for the purpose of making money is a security, which is, of course not true. It could be real estate, or a commodity...'

🚨NEW: More info on the investigation into the Ethereum Foundation Foundation from Leo Schwartz and Jeff Roberts:

“According to a person at a company who received a recent subpoena request, the SEC’s probe of the Swiss-based Ethereum Foundation began shortly after the blockchain’s…

If this is true, then it explains why the U.S. Securities and Exchange Commission has been so mum with the $ETH spot ETF issuers.

The U.S. Securities and Exchange Commission staff may be waiting for any lingering investigations to wrap before Gary Gensler gives them direction.

If FORTUNE’s reporting is correct and the U.S. Securities and Exchange Commission is indeed on a campaign to classify $ETH as a security, besides scrutinizing its proof-of-stake model, the regulator may also be looking into the ICO, which the U.S. Securities and Exchange Commission itself “put aside” when it said $ETH was not a…

I interrupt my regularly scheduled #crypto tweeting to tell you something you absolutely didn't ask for and don't care about:

I'm on a newfound Janis Joplin kick. I've been rocking out to her all day at my desk. She was so good.

Bringing this back as we talk about the U.S. Securities and Exchange Commission’s potential plans for the status of $ETH today.

It’s worth noting that the CFTC has operated under the notion that $ETH is a commodity for years and has registrants that list ether futures contacts.

If the SEC classifies $ETH a…

🚨NEW: Fed Chairman Powell addressed #CBDCs today, saying “I haven’t at all in my own mind made a decision that the U.S. needs a central bank digital currency.”

He also said the Fed is a “long, long way away from proposing a CBDC” and “it’s wrong to say the Fed is working on a…

But no $XRP futures 👀

Former CFTC Commissioner Brian Quintenz with the CFTC logic.

Who’s going to provide the SEC logic?

Today Reddit IPO’d on the NYSE 🏛 and reminded me that on this day 5 years ago, Levi's® went public in the same spot.

That was a fun day where we all got to wear $LEVI jeans and jackets. Wearing denim is prohibited on the NYSE floor, but they relaxed the rules for that one day.

It’s been so long since I’ve made a resumé that I’ve actually forgotten how to write one. 🧐

As Charles Gasparino says, “my bunny had a good nose on this one.” 🐰

businesswire.com/news/home/2024…™-Set-to-Launch-in-New-York

🚨BREAKING: WisdomTree has been granted a trust company charter by NYDFS, giving it the ability to launch its #crypto app WisdomTree Prime™ in New York.