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
Securities and Exchange Commission Chair Gary Gensler testifies before the Financial Services and General Government Subcommittee on July 19, 2023 in Washington. Win Mcnamee | Getty Images News | Getty Images The Securities and Exchange Commission is poised to issue a final rule on Wednesday that would require companies to beef up disclosures around climate … Read more
The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his platform Truth Social public. Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective. … Read more
Sen. Ron Wyden (D-Ore.) is calling on federal regulators to scrutinize a location data broker amid its bankruptcy proceedings, saying he’s concerned over its ownership of data showing people visiting sensitive places like reproductive health clinics. Wyden addressed the FTC and the SEC in a letter on Tuesday as part of his ongoing investigation into … Read more
A federal judge ruled that Elon Musk must testify in the Security and Exchange Commission’s (SEC) investigation into his purchase of Twitter, now X, following through on a threat made in December. Magistrate Judge Laurel Beeler ordered late Saturday that Musk and the SEC must agree to a time and place to conduct a deposition … Read more
Several Republican senators slammed the Securities and Exchange Commission (SEC) on Wednesday over its “deeply troubling” conduct in a recent case against the cryptocurrency company DEBT Box. The SEC brought the case against DEBT Box in July, accusing the company of “an ongoing, sprawling, fraudulent securities offering” that defrauded investors of at least $49 million. … 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
The hack of the Securities and Exchange Commission’s (SEC) account on X, the platform formerly known as Twitter, earlier this month was the result of a ‘SIM swap’ attack, an agency spokesperson said Tuesday. An “unauthorized party” used SIM swapping to obtain control of the phone number associated with the SEC’s X account and reset … 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
Sopa Images | Lightrocket | Getty Images Now that bitcoin ETFs are trading across U.S. public markets, many large money managers that have been effectively locked out of crypto finally have a way to access the primary digital currency. For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts … Read more
