New developments have emerged in the United States regarding the controversial Gary Gensler. US lawmakers, including Rep. Warren Davidson and Rep. Tom Emmer, have introduced a bill called the SEC Stabilization Act in the House of Representatives. The primary objective of this bill is to remove Gary Gensler from his position as SEC Chair.

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A lawsuit has been filed against the US government, accusing it of seizing over $100 million in cash, gold, and jewelry from citizens in California without providing any explanation.

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BlackRock, the largest investment firm in the world, has submitted an application for a Bitcoin Exchange Traded Fund (ETF) in the United States. If approved, it would be the first crypto spot ETF in the country. Other applicants, such as ARK and Grayscale, are still waiting for a response from the U.S SEC.



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Stuart Alderoty, the Chief Legal Officer for Ripple, has called for an investigation into the actions of former SEC Division Director Bill Hinman, whose infamous speech on cryptocurrency decentralization has been central to the legal battle against the SEC.

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