{
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contrasting views on crypto regulation from sec and cftc chairmen

Outgoing SEC Chairman Gary Gensler maintained a hostile stance towards crypto, viewing it as a realm of non-compliance, while CFTC Chairman Rostin Behnam advocated for a more nuanced regulatory approach, recognizing many digital assets as commodities. Gensler's focus on enforcement against intermediaries contrasted with Behnam's efforts to establish clearer regulatory frameworks, leaving the crypto industry eager for change with the incoming administration. The differing definitions of securities versus commodities highlight the ongoing regulatory challenges facing the sector.
thedefiant.io
Galxe USD USA Gary Gensler Rostin Behnam
Regulatory & Legal, News Article
12:09 10.01.2025

Galxe launches Gravity EVM upgrade and fifty million dollar ecosystem fund

Galxe has launched a $50 million ecosystem fund to promote development on its new Gravity EVM-compatible layer-1 blockchain, which aims to support user-focused applications. The initiative includes $5 million in developer grants and is backed by several venture capital firms. Additionally, the Gravity network, which features a proof-of-stake consensus mechanism, is set to fully launch in Q2 2025, allowing developers to create their own layer-1 and parallel EVMs.
Cointelegraph
Galxe USD Lattice Incorporated Charles Wayne Day Yumin Xia
Technology & Innovation, News Article
06:46 10.12.2024
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