A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in … Read more
Securities and Exchange Commission Chairman Gary Gensler testifies before Congress on July 19, 2023. Win Mcnamee | Getty Images News | Getty Images ‘A sensible rule to protect investors’ “Climate risk is financial risk,” Elizabeth Derbes, director of financial regulation and climate risk for the Natural Resources Defense Council, said in a written statement. “This … Read more
The price of a single bitcoin hit an all-time high Tuesday, topping $68,800 for the first time since November 2021 and extending a rally fueled by a cash infusion following the approval of exchange-traded funds that hold the cryptocurrency. The Securities and Exchange Commission (SEC) approved the first U.S. spot exchange-traded funds in January, lending … Read more
WASHINGTON — A forthcoming rule from the Securities and Exchange Commission on the use of AI in finance is in the crosshairs of two Republican senators, who introduced a bill Tuesday to kill the regulation before it can be finalized. The draft rule unveiled last July would require financial firms to identify and eliminate conflicts … Read more
DAVOS, Switzerland — Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a “hostile” regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. Garlinghouse told CNBC in 2022 that Ripple, the company behind the cryptocurrency XRP, will explore a public … Read more
Pawan Passi, former equities executive at Morgan Stanley, arrives at court in New York, US, on Friday, Jan. 12, 2024. Alex Kent | Bloomberg | Getty Images Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities and Exchange Commission probe of the unauthorized disclosure … Read more
St. Moritz, SWITZERLAND — U.S. Securities and Exchange Chair Gary Gensler fired warning shots to the crypto industry, casting doubt over whether digital coin ether would follow next in the footsteps of bitcoin to receive approval for an exchange-traded fund. After the bitcoin ETF approval, prices for ether — the token linked with Ethereum — … Read more
Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin exchange-traded funds on social media was incorrect. “The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told … Read more
Jtsorrell | Istock | Getty Images A new mysterious nonprofit group backed by the crypto industry has set up a mailing address about 100 miles away from Washington, D.C., and is making movies to exert power in the nation’s capital. The Cedar Innovation Foundation, a 501(c)(4) that was incorporated in Delaware in April, has launched … Read more
