Securities and Exchange Commission (SEC) Chair Gary Gensler is facing bipartisan political backlash after the agency’s social media account was hacked last week and falsely claimed it had approved several highly anticipated bitcoin investment funds. While the SEC ultimately approved the exchange-traded funds (ETFs) holding bitcoin about 24 hours later, the high-profile blunder for the … Read more
A bipartisan Senate duo is calling for the inspector general of the Securities and Exchange Commission (SEC) to open an investigation into the recent hack of the agency’s account on X, the platform formerly known as Twitter. Sens. Ron Wyden (D-Ore.) and Cynthia Lummis (R-Wyo.) urged SEC Inspector General Deborah Jeffrey in a letter on … Read more
Former Vice President Al Gore will retire from Apple’s board of directors next month after more than 20 years with the company. In a filing with the U.S. Securities and Exchange Commission (SEC), Apple announced Gore, along with former Boeing CEO James Bell, will retire during the company’s 2024 annual shareholder meeting next month. The … Read more
The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested in a cryptocurrency. The SEC approved 11 spot bitcoin ETFs from several major companies, including BlackRock, Fidelity and Grayscale Investments, as it faced down a … Read more
A federal judge warned Elon Musk that he will be forced to testify in a Securities and Exchange Commission (SEC) investigation if he does not voluntarily agree to answer questions from the agency about his 2022 purchase of the platform then known as Twitter. U.S. Magistrate Judge Laurel Beeler reportedly dismissed Musk’s argument that the … Read more
